Phunware Now Accepts Bitcoin for Lyte Personal Computers

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Phunware Black Friday Special

Lyte Optimized PCs

Lyte Optimized PCs

Special Black Friday Offer on Lyte Optimized PCs from Phunware

AUSTIN, Texas, October 29, 2021 (GLOBE NEWSWIRE) – Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully integrated enterprise cloud platform for mobile that delivers products, solutions, data and services for brands worldwide, today announced that it now accepts bitcoin for purchases of high-performance computers and peripherals provided by its Lyte Technology (“Lyte”) business unit. To commemorate the acquisition of Lyte by Phunware, Phunware also launched special Black Friday deals on four optimized personal computers designed specifically for crypto miners, gamers, streamers and traders.

“The benefit of purchasing one of these optimized systems is that we take the guesswork out of choosing the best PC for your needs,” said Caleb Borgstrom, founder of Lyte Technology. “And as we work to make Phunware’s vision of a decentralized, blockchain-based data economy possible, it makes sense to better meet the needs of our growing community by accepting bitcoin.”

Click here to buy your high performance computer today and make sure it arrives in time for the holidays.

Safe harbor clause and forward-looking statements

This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding our future results of operations and financial condition, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “expose”, “intend”, “may”, “could”, ” the opportunity “,” the plan “,” possible “,” potential “,” foresee “,” project “,” should “,” will “,” would “and similar expressions which reflect the uncertainty of events or of future results are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

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The forward-looking statements contained in this press release are based on our current expectations and beliefs regarding future developments and their potential effects on us. Future developments that affect us may not be those we anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include, without limitation, the factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10 -Q, 8- K and other documents that we make from time to time with the SEC. If one or more of these risks or uncertainties materialize, or if any of our assumptions prove to be incorrect, actual results could differ in material respects from those projected in these forward-looking statements. We assume no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These and other risks described under “Risk Factors” in our filings with the SEC may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties as they relate to events and depend on circumstances which 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 operating results, financial condition and liquidity, as well as developments in the industry in which we operate may differ materially from those made or suggested by forward-looking statements. statements contained in this press release. In addition, even though our results or operations, our financial condition and our liquidity, and the developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, these results or developments may not be indicative. results or developments in subsequent periods.

About Lyte Technology, a business unit of Phunware, Inc.

Founded in 2018, Lyte is a profitable and rapidly growing systems integrator specializing in the marketing and distribution of high-end customized, out-of-the-box computer systems with advanced graphics processing units for gaming, streaming and cryptocurrency mining. Currently located in Illinois, Lyte employs over 25 people and delivers thousands of computer systems quarterly to a unique customer network that has grown largely through word of mouth.

About Phunware, Inc.

Everything you need to be successful on mobile – Transforming the 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 businesses with products, solutions, data and services needed to engage, manage and monetize their mobile application portfolios and audiences globally. Phunware’s SDKs include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin and PhunToken) and analytics, as well as a Mobile application framework of pre-integrated iOS and Android software modules for in-house or channel-based mobile application creation and vertical solutions. Phunware helps the world’s most respected brands create mobile experiences that define their category, with approximately one billion active devices touching its platform each month when operating at scale. For more information on how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://phunware.com, https://phunwallet.com, https: / /phuncoin.com, https: //phuntoken.com, and follow @phunware, @phuncoin, and @phuntoken on all social media platforms.

Phunware PR & Media Inquiries: [email protected]: (512) 693-4199

Phunware Investor Relations: Matt Glover and John YiGateway Investor Relations Email: [email protected] Phone: (949) 574-3860

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12798eef-f315-4c71-b195-4c12396e820e

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