Phunware engages Stout Capital to monetize the company’s intellectual property (IP) portfolio, including both its patent and data assets

Phunware, Inc. (NASDAQ:PHUN) said it has engaged Stout Capital to monetize the company’s intellectual property (IP) portfolio, including both its patent and data assets. The company, which has a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, said Stout’s Intellectual Property Advisory & Transactions (IPAT) practice positions it 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. READ: Phunware secures new MaaS win that will give Virginia Hospital Center Health System a new digital front door on mobile “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 in a statement. “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.” Contact the author at jon.hopkins@proactiveinvestors.com