Phunware Engages Hayden IR to Launch Comprehensive Investor Relations Program

Phunware, Inc. (NASDAQ: PHUN) (the "Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced it has engaged Hayden IR, a highly recognized, national investor relations firm, to raise its visibility and strengthen its relationships with the investment community.

"Over the past year, we have strengthened our financial position as we approach operating cash flow breakeven and move towards breakeven on an adjusted EBITDA basis,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware. "To ensure we capitalize on these important milestones, we look forward to working with the team of professionals at Hayden IR to help us target and expand our investor audience and ensure we are communicating effectively with Wall Street."

With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than two decades, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 150 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.

"With over $100 million invested to date by investors like Cisco, Samsung and WWE, Phunware has commercialized a compelling and scalable enterprise cloud platform called Multiscreen-as-a-Service (MaaS) that is ushering in a new era of consumer engagement in a mobile-first world," said James Carbonara, Partner of Hayden IR. "With top-tier brands as customers, Phunware is well-positioned to capitalize on a transformational opportunity with a massive addressable market and the team at Hayden IR looks forward to articulating to the professional investment community why now is the time for a broader investor audience to take notice."

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By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

About Phunware, Inc.

Everything You Need to Succeed on Mobile — Transforming Digital Human Experience

Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) 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 more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com, https://www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.

About Hayden IR

Hayden IR is a strategic investor relations firm providing outreach, communications and advisory services for emerging growth companies. We have a 20-year track record of improving our client's shareholder value through targeted outreach and relationship-building with institutional investors and sell-side firms. Our clients work exclusively with senior Hayden IR executives. Our team members have experience across industry sectors, market caps and unique situations, and many have foundational backgrounds on Wall Street at sell-side and buy-side firms. Hayden IR is committed to improving valuations and building visibility for our clients through comprehensive, actionable IR strategies.

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