Phunware Inc.(NASDAQ:PHUN) stock rallied over 538.6% in this year to date (as of January 11th, 2019; Source: Investing.com). The group has recently granted U.S. Patent No. 10,038,972, Monitoring Outdoor and Indoor Regions with Mobile Devices. This patent adds to Phunware’s growing IP portfolio of 13 patents and 6 patents-pending. The ability to engage mobile users based on their ever-changing real-time location is a core capability of Phunware’s Multiscreen-as-a-Service (MaaS) platform. In daily life, mobile users constantly move between indoor and outdoor locations. Seamlessly detecting and managing location transition to enable personalized experiences based on a user’s surroundings is critical for brands wanting to have proximity-based interactions with their audiences, as well as organizations that offer a combination of indoor wayfinding plus mobile messaging and engagement, such as hospital systems, residential and corporate campuses, entertainment venues, airports, retail locations and others.
Managing this using the tools from the underlying mobile operating system directly can make it very difficult to achieve a high degree of accuracy while, at the same time, balancing that with battery performance, which is why Phunware invested the research and development required to optimize this process.
Meanwhile Phunware had announced the successful completion of its merger with Stellar Acquisition III, Inc. (STLR). The combined company is called Phunware, Inc., and common stock and warrants will trade on Nasdaq under the symbols “PHUN” and “PHUNW.” With the launch of PhunCoin, Phunware aims to transform the relationship between brands and consumers by providing individuals the opportunity to earn PhunCoin in return for sharing their information, and companies the opportunity to build a more transparent, authentic and engaged relationship with their audiences. PhunCoin from Phunware, an innovative cryptocurrency which will have unique global reach and distribution, will allow consumers to take back control of their data by creating a value-based exchange and a virtuous cycle of monetization.
NASDAQ-Pending Phunware had decided to launch PhunCoin as a complement to their existing software and infrastructure business which averages more than 1 billion monthly active devices and more than 6 billion daily transactions worldwide and serves Fortune 5000 customers in verticals including entertainment, retail, residential and hospitality, medical and others.
Given their deep and rich base of consumer mobile data, Phunware is uniquely qualified to launch a transactional cryptocurrency designed to enable and enhance the mobile brand experience for both brands and consumers. PhunCoin will reinvent how consumers control their identities, share their personal data and get compensated for providing personal information using digital smart contracts on the blockchain, a vision Phunware believes will position PhunCoin for mainstream adoption.