Phunware Engages Stout to Monetize Intellectual Property Portfolio
Phunware, Inc, a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data, and services for brands worldwide, has engaged Stout Capital to monetize the Company’s intellectual property (IP) portfolio, including both its patent and data assets.
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Stout’s Intellectual Property Advisory & Transactions (IPAT) practice positions Stout as the only fully integrated team of investment bankers, valuation and dispute experts, attorneys, and technical experts with the ability to execute a full spectrum of IP services required by IP-rich technology companies.
“We are extremely excited by the opportunity to generate more value for our shareholders from the vast portfolio of patents and data that we’ve built over the past eleven years,” said Tushar Patel, Phunware’s EVP of Corporate Development. “We engaged Stout to leverage their deep industry relationships and to specifically explore creative, non-dilutive licensing, commercialization and financing solutions that are backed by the financial value of our intellectual property, but allow us to maintain ownership.”
Phunware’s IP portfolio in the United States currently includes 17 issued patents and 4 pending patent applications, including the Company’s most recently announced award as United States Patent No. 10,740,799, entitled “Systems and Methods for Enterprise Branded Application Frameworks for Mobile and Other Environments.”