AUSTIN, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN), a leader in cloud enterprise solutions for mobile applications and related technologies, today announced that Phunware CEO Michael Snavely announced that he had resigned. Then he resigned from Punware. Stephen Chen, former Chairman of the Phunware Board of Directors, has been appointed interim CEO of Phunware, effective October 22, 2024.
“We appreciate Mike’s dedication and service to Fanware and wish him the best in his future endeavors,” Chen said. “I am proud and excited to take on the role of interim CEO as we prepare to embark on new opportunities in generative AI, predictive analytics, and cloud-based services. We are confident that we can accelerate our journey.” ”
Phunware remains committed to providing cutting-edge software, advertising, and other tools that enable businesses to connect with people on a deeper, more human level. This new direction, powered by generative AI, strengthens Phunware’s commitment to helping businesses grow through meaningful engagement and technology transformation. The Phunware management team is excited to advance Phunware’s leadership in mobile and cloud-based solutions and prepare for the next phase of growth and expansion into AI-driven technology and broader digital engagement. In conjunction with this announcement, Phunware has launched a new microsite dedicated to helping businesses and developers better understand and leverage generative AI and Phunware’s mobile app technology. This resource guides users through the potential of AI to transform engagement and business operations. For more information, please visit https://ai.phunware.com/.
“Leading Phunware as CEO has been one of the most rewarding experiences of my career, and I am extremely proud of what we have accomplished as a team over the past 12 months,” said Snavely. As I stated in my letter to shareholders, Phunware and its platform, products and services are well positioned for the future, and I look forward to retiring and pursuing my passion for local businesses.”
About fanware
Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with tools to create, implement, and manage custom mobile applications and analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences.
Phunware’s mission is to leverage brands, consumers, partners, digital asset owners and market participants to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technology. Phunware will expand the audience and industry for its software products and services through the new platform, leverage and monetize patents and other intellectual property rights and interests, and create a digital asset ecosystem for existing owners and new market participants. We are poised to update and redeploy the system.
Phunware Investor Information:
Core IR
516-222-2560
investorrelations@phunware.com
MZ Group, North America
Joe McGuirk, Managing Director
917-259-6895
PHUN@mzgroup.us
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