Phunware Selected by Dignity Health Yavapai Regional Medical Center for Location Based Services Software

Rhea-AI Summary

Phunware, Inc. (NASDAQ: PHUN) has announced a five-year contract expansion for its Multiscreen-as-a-Service (MaaS) platform with Dignity Health, Yavapai Regional Medical Center (YRMC). This deployment marks the 40th facility to utilize Phunware’s MaaS Location Based Services (LBS) software, enhancing navigation and engagement across over 22 million square feet of medical facilities. The technology offers real-time indoor positioning and is ADA compliant, improving accessibility for all users. This partnership underscores Phunware's growth and commitment to digital transformation in healthcare.

Positive

• Expansion of contract with Dignity Health for 40th facility enhances market presence.
• Improved accessibility through ADA compliant software enhances user experience.
• Deployment over 22 million square feet indicates significant operational scale.

Negative

• None.

Contract Expansion Adds 40th Facility

AUSTIN, Texas, March 03, 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 that it has closed a five-year contract expansion for its Multiscreen-as-a-Service (“MaaS”) platform and patented MaaS Location Based Services (“LBS”) software at Dignity Health, Yavapai Regional Medical Center (“YRMC”) in Prescott, Arizona.

Incorporated in 1942, YRMC is the region’s leading not-for-profit healthcare system with two acute care hospitals, a network of primary and specialty care clinics, outpatient health and wellness centers, cardiac diagnostic centers, and outpatient medical imaging centers. Together, YRMC’s network of services provides medical care and wellness resources to a geographic area encompassing 5,500 square miles and covering the communities of Prescott, Prescott Valley, Chino Valley, Dewey, Humboldt, Mayer, Paulden, Bagdad, Yarnell, Kirkland, Skull Valley, and Crown King.

Phunware’s patented MaaS LBS software and beacon maintenance solution delivers proximity, sub one-second, real-time blue dot indoor positioning, navigation and wayfinding functionality across campuses and facilities while simplifying and streamlining the underlying beacon deployment and management for both facility staff and administrators. The software is not only ADA compliant, addressing the needs of anyone who is visually impaired, hearing impaired or wheelchair bound, but it also transitions seamlessly between indoor and outdoor environments.

This expanded deployment of Phunware’s MaaS platform at YRMC enables even more patients, staff members and visitors to easily engage with critical healthcare functions and navigate over 22 million square feet of covered medical facilities across Dignity Health’s growing network.

“Dignity Health’s leadership team has embraced digital transformation and is setting the standard for patient care by leveraging our cutting edge, state-of-the-art technology,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware. “We are excited to work with the team at YRMC, which represents the 40th deployment of our MaaS LBS software for Dignity Health.”

Click here to learn more about how Phunware facilitates digital transformation in healthcare by enabling a digital front door for any hospital, clinic or medical organization.

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 CommonSpirit Health

CommonSpirit Health is a nonprofit, Catholic health system dedicated to advancing health for all people. It was created in February 2019 through the alignment of Catholic Health Initiatives and Dignity Health. CommonSpirit Health is committed to creating healthier communities, delivering exceptional patient care, and ensuring every person has access to quality health care. With its national office in Chicago and a team of approximately 150,000 employees and 25,000 physicians and advanced practice clinicians, CommonSpirit Health operates 137 hospitals and more than 1000 care sites across 21 states. In FY 2019, Catholic Health Initiatives and Dignity Health had combined revenues of nearly $29 billion and provided $4.45 billion in charity care, community benefit, and unreimbursed government programs.

Learn more at www.commonspirit.org.

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.

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

FAQ

What is the latest contract announcement from Phunware (PHUN)?

Phunware announced a five-year contract expansion for its Multiscreen-as-a-Service (MaaS) platform with Dignity Health, marking its 40th facility deployment.

How does Phunware's software improve healthcare navigation?

Phunware's MaaS Location Based Services software provides real-time indoor positioning and navigation, enhancing patient and staff engagement in healthcare facilities.

What are the benefits of Phunware's software for patients at Dignity Health?

The software delivers improved navigation and accessibility, especially for visually impaired, hearing impaired, or wheelchair-bound individuals.

How many facilities are using Phunware's services?

Phunware's services are now deployed in 40 facilities under Dignity Health.

What is the significance of the 40th deployment for Phunware (PHUN)?

The 40th deployment signifies Phunware's continued growth and success in the healthcare sector, reinforcing its position in the market.