Phunware Announces Sale of Phun Utility Token to International Markets

AUSTIN, Texas–(BUSINESS WIRE)–#OwnYourData—Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced Phun utility tokens are now available for purchase in select international markets.

“Phun is a new utility token that supports our ecosystem’s commercial launch worldwide and enables the international community to get more involved as we drive towards mainstream adoption and future exchange listings,” said Randall Crowder, Chief Operating Officer of Phunware.

To comply with the current regulatory landscape, Phunware recently launched its dual token structure. While Phun is a utility token that enables consumers to monetize their digital activity as they engage in profitable behavior with brands, PhunCoin remains a compliant security token that enables consumers to monetize their digital identity and offers token holders a PhunCoin dividend.

“PhunCoin empowers consumers and seeks to ensure that they are properly compensated for their personal data and information, while Phun allows brands to unlock many of the features and capabilities of Phunware’s cloud platform for mobile to better engage consumers,” said Alan S. Knitowski, Co-Founder and Chief Executive Officer of Phunware. “Brands are now able to map, track and reward certain activities within their existing mobile ecosystem such as completing surveys, engaging with branded content and participating in marketing campaigns.”

Given the regulatory environment, Phun will initially only be available outside the United States and Canada. Investors outside the United States and Canada can purchase Phun by registering on https://buy.phuntoken.com/.

For more information on Phun, visit https://www.phuntoken.com/ or email phun@phunware.com.

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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), a 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 and follow @phunware and @phuncoin on all social media platforms.

Contacts

PR & Media Inquiries:

Brent Brightwell

bbrightwell@phunware.com

T: (512) 693-4199 x6604

Investor Relations:

Phunware, Inc.

investorrelations@phunware.com

T: (512) 693-4199