Phunware Receives Privacy Shield Certification

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AUSTIN, Texas--(BUSINESS WIRE)-- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today its receipt of the Privacy Shield certification.

The EU-US and Swiss-US Privacy Shield Frameworks were designed by the United States Department of Commerce, the European Commission and the Swiss Administration to provide companies on both sides of the Atlantic with a mechanism to comply with data protection requirements when transferring personal data from the European Union (EU) and Switzerland to the United States in support of transatlantic commerce.

The transfer of personal data outside of the EU and Switzerland is governed by EU and Swiss law, which generally prohibit personal data from being transferred to countries outside the European Economic Area (EEA) unless adequate levels of protection are ensured. The Privacy Shield Frameworks and the Standard Contractual Clauses (or EU Model Clauses) are two mechanisms designed to provide this level of data protection.

“At scale, our Multiscreen-as-a-Service (MaaS) Customer Data Platform (CDP) curates data from approximately one billion active devices each month, so data privacy is of critical importance to us,” said Luan Dang, CTO and Co-Founder of Phunware. “In addition to being compliant with the California Consumer Privacy Act (CCPA) and General Data Protection Regulation (GDPR), receiving our Privacy Shield certification is another example of our ongoing commitment to the stringent privacy and protection of consumer data.”

Click here to learn more Phunware’s Privacy Policy and click here to learn more about the Company’s data ontology and knowledge graph.

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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.

Phunware PR & Media Inquiries:
press@phunware.com
T: (512) 693-4199

Phunware Investor Relations:
Matt Glover and John Yi
Gateway Investor Relations
Email: PHUN@gatewayir.com
Phone: (949) 574-3860

Source: Phunware, Inc.

Released December 8, 2020