Phunware Receives Notice of Allowance for United States Patent for Monitoring Outdoor and Indoor Environments with Mobile Devices
Phunware, Inc. (NASDAQ: PHUN) announced that the USPTO has issued a Notice of Allowance for its patent application US10038972B1 entitled “Monitoring Outdoor and Indoor Regions with Mobile Devices.” This patent enhances Phunware's core patent portfolio for its Multiscreen-as-a-Service (MaaS) platform, enabling improved indoor and outdoor tracking capabilities. The allowance is expected to help Phunware monetize its IP through licensing or legal enforcement, providing clients with precise tracking technology and maintaining competitive advantages in the market.
- Issuance of patent US10038972B1 enhances the company's intellectual property portfolio.
- New patent allows for improved tracking technology, strengthening the Multiscreen-as-a-Service (MaaS) offering.
- Potential for increased revenue through licensing of the patent and enhanced service offerings.
- None.
AUSTIN, Texas, March 04, 2022 (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 that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for the Company’s patent application US10038972B1 entitled “Monitoring Outdoor and Indoor Regions with Mobile Devices.” This new patent allowance further strengthens, expands and protects the Company’s core patent portfolio underlying its Multiscreen-as-a-Service (MaaS) platform, including:
- Software Development Kits (SDKs), comprising Location Based Services (LBS), Mobile Engagement, Content Management, Analytics and Audience Monetization.
- Mobile Application Framework, comprising pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions.
- Cloud-Based Vertical Solutions, comprising pre-integrated iOS and Android mobile application portfolios for Healthcare, Corporate Campus, Advocacy, Retail, Hospitality, Smart City, Residential, Media & Entertainment, Aviation and other vertical market segments.
- Knowledge Graph and Data, comprising real-time mobile audience targeting, reach, engagement and monetization for 1:1 insights and interactions globally at scale.
This newly allowed patent expands various embodiments of the Company’s existing patent family for monitoring a user who crosses from an outdoor location via GPS to an indoor location via high or low density Wi-Fi networks, physical or virtual beacons, or both, seamlessly.
“Broadening the definition of what this family of patents covers allows us more options and alternatives to monetize this valuable IP asset either through commercial licensing or legal enforcement,” said Tushar Patel, EVP of Corporate Development of Phunware. “Customers who already license our existing MaaS platform also benefit in parallel from dramatically more precise indoor and outdoor tracking and triggering technology versus our global competitors, including both proximity and sub-one-second blue dot use cases and features.”
Click here to learn more about Phunware’s portfolio of patents.
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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 & 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
