Phunware has engaged Stout Capital (“Stout”) to monetize the Company’s intellectual property (IP) portfolio, including both its patent and data assets.
“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.”
Recommended Posts
