Phunware Engages Stout to Monetize Intellectual Property Portfolio
Phunware, Inc. (NASDAQ: PHUN) has engaged Stout Capital to monetize its intellectual property (IP) portfolio. This strategic move aims to enhance shareholder value through non-dilutive licensing and commercialization opportunities backed by Phunware's financial assets. The U.S. IP portfolio includes 17 issued patents and 4 pending applications, with the latest being United States Patent No. 10,740,799, focusing on mobile application frameworks. Tushar Patel, EVP of Corporate Development, expressed excitement about leveraging Stout's industry connections for maximizing IP value while maintaining ownership.
- Engaged Stout Capital for monetizing IP portfolio, potentially increasing shareholder value.
- Possesses 17 issued patents and 4 pending applications, enhancing its market position.
- Recent issuance of United States Patent No. 10,740,799 may open new revenue opportunities.
- None.
AUSTIN, Texas--(BUSINESS WIRE)--Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has engaged Stout Capital (“Stout”) to monetize the Company’s intellectual property (IP) portfolio, including both its patent and data assets.
Stout’s Intellectual Property Advisory & Transactions (IPAT) practice positions Stout as the only fully integrated team of investment bankers, valuation and dispute experts, attorneys and technical experts with the ability to execute a full spectrum of IP services required by IP-rich technology companies.
“We are extremely excited by the opportunity to generate more value for our shareholders from the vast portfolio of patents and data that we’ve built over the past eleven years,” said Tushar Patel, Phunware’s EVP of Corporate Development. “We engaged Stout to leverage their deep industry relationships and to specifically explore creative, non-dilutive licensing, commercialization and financing solutions that are backed by the financial value of our intellectual property, but allow us to maintain ownership.”
Phunware’s IP portfolio in the United States currently includes 17 issued patents and 4 pending patent applications, including the Company’s most recently announced award as United States Patent No. 10,740,799, entitled “Systems and Methods for Enterprise Branded Application Frameworks for Mobile and Other Environments.”
Click here to learn more about the comprehensive patent portfolio underlying the Company’s Multiscreen-as-a-Service (MaaS) enterprise cloud platform for mobile, including both its Customer Data Platform (CDP) and Data Ontology.
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About Phunware, Inc.
Everything You Need to Succeed on Mobile — Transforming Digital Human Experience
Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com, https://www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.
About Stout
Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered broker-dealer and SIPC member firm. The terms “Stout” or the “firm” refer to one or more of these legally separate and independent advisory practices. Please see www.stout.com/about to learn more.
