Phunware Now Accepts Bitcoin for Lyte Personal Computers

Rhea-AI Summary

Phunware, Inc. (NASDAQ: PHUN) announces a Black Friday special on its Lyte Optimized PCs, specifically designed for crypto miners, gamers, streamers, and traders. To commemorate its acquisition of Lyte Technology, the company now accepts Bitcoin for purchases. Caleb Borgstrom, founder of Lyte, emphasized the value of optimized systems that simplify the purchasing process for customers. This initiative aligns with Phunware's vision for a blockchain-enabled data economy, catering to a growing community of users.

Positive

• Launch of Black Friday specials for Lyte Optimized PCs.
• Acceptance of Bitcoin for high-performance computer purchases, expanding payment options.
• Acquisition of Lyte Technology enhances product offerings for gamers and crypto miners.

Negative

• None.

Black Friday Special on Lyte Optimized PCs from Phunware

AUSTIN, Texas, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today it now accepts bitcoin for purchases of high performance computers and peripherals provided by its Lyte Technology (“Lyte”) business unit. To commemorate Phunware’s acquisition of Lyte, Phunware has also launched Black Friday specials on four optimized personal computers designed specifically for crypto miners, gamers, streamers and traders.

“The great thing about purchasing one of these optimized systems is that we take the guesswork out of choosing the best PC for your needs,” said Caleb Borgstrom, Founder of Lyte Technology. “And as we work to make Phunware’s vision for a blockchain-enabled, decentralized data economy possible, it only makes sense to better meet the needs of our growing community by accepting bitcoin.”

Click here to purchase your high performance computer today and ensure it arrives in time for the holidays.

Safe Harbor Clause and Forward-Looking Statements
                     
This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

About Lyte Technology, a Business Unit of Phunware, Inc.

Founded in 2018, Lyte is a profitable, rapidly-growing system integrator that specializes in marketing and distributing custom, high-end computer systems off-the-shelf with advanced graphic processing units for gaming, streaming and cryptocurrency mining. Currently located in Illinois, Lyte employs over 25 people and ships thousands of computer systems per quarter to a unique customer network that has largely grown through word-of-mouth.

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 & PhunToken) 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 approximately one billion active devices touching its platform each month when operating at scale. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://phunware.com, https://phunwallet.com, https://phuncoin.com, https://phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.                 

Phunware PR & Media Inquiries:
press@phunware.com
T: (512) 693-4199

Phunware Investor Relations:
Matt Glover and John Yi
Gateway Investor Relations
Email: PHUN@gatewayir.com
Phone: (949) 574-3860

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12798eef-f315-4c71-b195-4c12396e820e

FAQ

What is the Black Friday promotion by Phunware?

Phunware is offering Black Friday specials on Lyte Optimized PCs designed for crypto miners, gamers, streamers, and traders.

Does Phunware accept Bitcoin for purchases?

Yes, Phunware now accepts Bitcoin for the purchase of high-performance computers and peripherals.

What is the significance of Phunware's acquisition of Lyte Technology?

The acquisition strengthens Phunware's position in the market by enhancing its product offerings tailored for gaming and cryptocurrency.

When was the Black Friday promotion announced?

The Black Friday promotion was announced on October 29, 2021.

What types of PCs does Phunware offer in its promotion?

Phunware's promotion features optimized personal computers tailored for crypto miners, gamers, streamers, and traders.