{"id":471544,"date":"2021-04-06T08:03:33","date_gmt":"2021-04-06T12:03:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471544"},"modified":"2021-04-06T08:03:33","modified_gmt":"2021-04-06T12:03:33","slug":"phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\/","title":{"rendered":"Phunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch"},"content":{"rendered":"
\n

AUSTIN, Texas, April 06, 2021 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN)<\/u><\/a> (\u201cthe Company\u201d), a fully-integratedenterprise cloud platform<\/u><\/a> for mobile that provides products, solutions, data and services for brands worldwide, today announced that the Company\u2019s board of directors authorized bitcoin purchases in preparation for the commercial launch of its blockchain-enabled MaaS Customer Data Platform<\/u><\/a> and MaaS Mobile Loyalty Ecosystem<\/u><\/a>.<\/p>\n

Phunware plans to release PhunWallet<\/u><\/a> on iOS and Android later this month, subject to application approvals by Apple App Store and Google Play, respectively. PhunWallet will manage the issuance of not only PhunCoin<\/u><\/a> to reward consumers for the value of their data, but also PhunToken<\/u><\/a> to reward consumers for the value of their engagement.<\/p>\n

\u201cWe recently completed an initial purchase of 25.8 bitcoin at an average price of $58,133 per bitcoin and are thrilled to actively participate in such a vibrant global market and community alongside Tesla<\/u><\/a>, MicroStrategy<\/u><\/a>, Square<\/u><\/a> and many other corporations and funds worldwide,\u201d said Alan S. Knitowski<\/u><\/a>, President, CEO and Co-Founder of Phunware. \u201cWe expect to leverage more than a decade of our mobile experience to drive the mainstream adoption of cryptocurrencies, while simultaneously offering enterprises and governments the opportunity to leverage the benefits of blockchain to drive profitable behavior without the complexity of designing and maintaining their own infrastructure or ecosystem.\u201d<\/p>\n

Phunware also recently partnered with BitPay<\/u><\/a> to expand its corporate benefits package to provide cryptocurrency payroll options for employees, including bitcoin.<\/p>\n

\n
\n Click here<\/u>
\n <\/a> to learn more about how PhunCoin will support Phunware\u2019s MaaS Customer Data Platform and click here<\/u><\/a> to learn more how PhunToken will support Phunware\u2019s MaaS Mobile Loyalty Ecosystem.<\/p>\n

\n Safe Harbor Clause and Forward-Looking Statements<\/strong>
\n
\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
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 \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cexpose,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould\u201d 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.<\/p>\n

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 \u201cRisk Factors\u201d 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 \u201cRisk Factors\u201d in our SEC filings may not be exhaustive.<\/p>\n

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.<\/p>\n

\n About Phunware, Inc. <\/strong>\n <\/p>\n

Everything You Need to Succeed on Mobile \u2014 Transforming Digital Human Experience<\/p>\n

\n
\n Phunware, Inc. (NASDAQ: PHUN)<\/u>
\n <\/a>, is the pioneer of Multiscreen-as-a-Service (MaaS)<\/u><\/a>, an award-winning<\/u><\/a>, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions<\/u><\/a>, data<\/u><\/a> and services<\/u><\/a> necessary to engage, manage and monetize<\/u><\/a> their mobile application portfolios and audiences globally at scale. Phunware\u2019s Software Development Kits (SDKs)<\/u><\/a> include location-based services<\/u><\/a>, mobile engagement<\/u><\/a>, content management<\/u><\/a>, messaging, advertising<\/u><\/a>, loyalty (PhunCoin & Phun<\/u><\/a>) and analytics<\/u><\/a>, 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\u2019s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month<\/u><\/a>. 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<\/u><\/a>, https:\/\/www.phuncoin.com<\/u><\/a>, https:\/\/www.phuntoken.com<\/u><\/a>, and follow @phunware, @phuncoin and @phuntoken on all social media platforms. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n Phunware PR & Media Inquiries:<\/strong>
\n
\n press@phunware.com<\/a>
\n
T: (512) 693-4199<\/p>\n

\n Phunware Investor Relations:<\/strong>
\n
Matt Glover and John Yi
Gateway Investor Relations
Email: PHUN@gatewayir.com<\/u><\/a>
Phone: (949) 574-3860<\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

AUSTIN, Texas, April 06, 2021 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN) (\u201cthe Company\u201d), a fully-integratedenterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced that the Company\u2019s board of directors authorized bitcoin purchases in preparation for the commercial launch of its blockchain-enabled MaaS Customer Data Platform and MaaS Mobile Loyalty Ecosystem. Phunware plans to release PhunWallet on iOS and Android later this month, subject to application approvals by Apple App Store and Google Play, respectively. PhunWallet will manage the issuance of not only PhunCoin to reward consumers for the value of their data, but also PhunToken to reward consumers for the value of their engagement. \u201cWe recently completed an initial purchase of … <\/p>\n

Continue reading “Phunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471544","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPhunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AUSTIN, Texas, April 06, 2021 (GLOBE NEWSWIRE) — Phunware, Inc. 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PhunWallet will manage the issuance of not only PhunCoin to reward consumers for the value of their data, but also PhunToken to reward consumers for the value of their engagement. \u201cWe recently completed an initial purchase of … Continue reading "Phunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T12:03:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTczMCM0MTA2MjI1IzIxMjU4NTM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Phunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch\",\"datePublished\":\"2021-04-06T12:03:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\\\/\"},\"wordCount\":901,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMTczMCM0MTA2MjI1IzIxMjU4NTM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phunware-board-authorizes-bitcoin-purchases-for-blockchain-ecosystem-launch\\\/\",\"name\":\"Phunware Board Authorizes Bitcoin Purchases for Blockchain Ecosystem Launch - 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