Business
Phunware Receives Notice of Allowance for United States Patent for Innovative Geofence Event Prediction Technology
AUSTIN, Texas, April 18, 2023 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), the pioneer of Location Based SaaS and offerer of the only
About this update from Phunware, Inc.
[{"type":"text","content":"AUSTIN, Texas, April 18, 2023 (GLOBE NEWSWIRE) -- 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. Safe Harbor Clause and Forward-Looking Statements This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking s...