Phunware Receives Notice of Allowance for United States Patent for Innovative Geofence Event Prediction Technology
April 18 2023 - 7:30AM
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), the pioneer of
Location Based SaaS and offerer of the only fully integrated
enterprise cloud platform for mobile that enables brands to engage,
manage and monetize their anytime, anywhere users worldwide,
announced today that the United States Patent and Trademark Office
(USPTO) has issued a Notice of Allowance for the Company’s US
patent application 17/362,765 titled Method and Apparatus for
Geofence Event Predictions. This capability will significantly
enhance the capabilities of Phunware's location-based services
(LBS) and enable brands to deliver personalized, context-aware
experiences to their users.
The patent covers a method for predicting geofence events by
retrieving non-contemporaneous geofence predictor data of a mobile
device, including past and future geographic data. By analyzing
this data, along with geofence data of the mobile device, the
system develops a future geofence event prediction, including a
latitude, longitude, time and confidence level for the
prediction.
This innovative technology allows businesses to better
understand their users' behavior patterns and preferences,
ultimately improving the overall user experience. By detecting
patterns in past geofence events and incorporating future
engagement opportunities, Phunware's geofence event prediction
technology enables businesses to deliver highly targeted, timely
and relevant content to users based on their anticipated location
and activities.
"The allowance of this patent highlights our ongoing commitment
to innovation and our dedication to providing proprietary mobile
solutions to help any brand contextually engage any audience," said
Randall Crowder, COO of Phunware. "We believe this new technology
will enable our clients to offer more personalized and engaging
experiences that drive revenue, loyalty and satisfaction."
Click here to learn more about Phunware’s portfolio of
patents.
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About Phunware, Inc.
Everything You Need to Succeed on Mobile — Transforming Digital
Human Experience
Phunware, Inc. (NASDAQ: PHUN), the pioneer of Location Based
SaaS and offers the only fully integrated enterprise cloud platform
for mobile that enables brands to engage, manage and monetize their
anytime, anywhere users worldwide. Phunware’s Software Development
Kits (SDKs) include location-based services, mobile engagement,
content management, messaging, advertising, loyalty (PhunCoin &
PhunToken) 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 approximately one
billion active devices touching its platform each month when
operating at scale. For more information about how Phunware is
transforming the way consumers and brands interact with mobile in
the virtual and physical worlds, visit https://phunware.com and
follow @phunware on all social media platforms.
Phunware PR & Media Inquiries:
Email: PRESS@phunware.com Phone: (512) 693-4199
Phunware Investor Relations:Matt Glover and
John YiGateway Investor RelationsEmail: PHUN@gatewayir.com Phone:
(949) 574-3860
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