Phunware, Inc. (Nasdaq: PHUN), a leader in cloud enterprise
solutions for mobile applications and related enterprise
technologies, today announced the appointment of Rahul Mewawalla,
who has served as a director of the company since October 2021, as
Chairman of the Board, effective immediately.
As Chairman, Mewawalla will provide guidance to
the Phunware leadership team and help drive corporate strategy to
accelerate expansion and innovation, which includes opportunities
in generative AI, predictive analytics, and cloud-based
services.
“Rahul brings a rare combination of strategic
and operational expertise and a forward-looking vision for
transformational technologies, which is critical as Phunware
continues its evolution into new frontiers of mobile and
cloud-based solutions, including AI-driven technologies,” said
Stephen Chen, Phunware’s Interim CEO. “He has a proven track record
and global experience in leading growth, driving successful
turnarounds, and guiding business and technology innovation, which
aligns perfectly with Phunware’s strategy to accelerate its global
technological and market growth.”
Rahul Mewawalla is a globally recognized
digital, product, and technology leader with extensive experience
in transformative roles across industries such as technology,
telecommunications, media, software, financial services, and
digital infrastructure. Having driven successful growth,
turnaround, and innovation efforts at Fortune 500 companies and
Silicon Valley technology companies, his work has accelerated
shareholder value creation and expanded product adoption across
global markets. Mewawalla is a frequent speaker and panelist at
global artificial intelligence (AI) summits and a regular author on
AI and accelerated computing in publications such as Forbes and
Fast Company.
Rahul Mewawalla commented, “I am honored to take
on the role of Chairman at Phunware and to help lead the company
into a new era of next-generation technologies and enterprise
mobile platforms. Phunware is well positioned to leverage these
transformative advancements to create unparalleled mobile, cloud,
and AI-powered experiences. I am excited to work with Stephen and
the entire team to bring these innovations to life and drive
accelerated success.”
“With Rahul’s leadership as Chairman, he will
continue to provide strategic counsel as we integrate advanced
capabilities into our mobile and cloud enterprise engagement
solutions, delivering more personalized, scalable, and efficient
user experiences. As we continue to develop our mobile platforms,
we are well-positioned to capitalize on the rapid growth of
cutting-edge technologies, including artificial intelligence and
their applications in mobile engagement, analytics, and
monetization,” commented Chen.
Mewawalla has held leadership roles with leading
global technology companies, including Yahoo!, General Electric
Company, and Nokia Corporation. Mewawalla currently is CEO and
President of Mawson Infrastructure Group, a publicly-traded
technology company focused on digital infrastructure platforms,
including Artificial Intelligence (AI) and High-Performance
Computing (HPC) markets. He has been an Advisor to Stanford
University's Persuasive Technology Lab, Senior Advisor to the San
Francisco Mayor’s Office on Innovation, Chair of the Venture
Capital Task Force Committee on Services and Systems, and advised
the MIT-Stanford Venture Lab. Mr. Mewawalla has received numerous
awards and honors, including “Top 40 under 40” in San Francisco. He
has served as a board director for several NASDAQ-listed companies
and received his MBA from the Kellogg School of Management at
Northwestern University.
About Phunware
Phunware, Inc. (NASDAQ: PHUN) is an enterprise
software company specializing in mobile app solutions with
integrated intelligent capabilities. We provide businesses with the
tools to create, implement, and manage custom mobile applications,
analytics, digital advertising, and location-based services.
Phunware is transforming mobile engagement by delivering scalable,
personalized, and data-driven mobile app experiences.
Phunware’s mission is to achieve unparalleled
connectivity and monetization through widespread adoption of
Phunware mobile technologies, leveraging brands, consumers,
partners, digital asset holders, and market participants. Phunware
is poised to expand its software products and services audience
through its new platform, utilize and monetize its patents and
other intellectual property, and reintroduce its digital asset
ecosystem for existing holders and new market participants.
For more information on Phunware, please visit
www.phunware.com. To better understand and leverage generative
AI and Phunware’s mobile app technologies, visit
https://ai.phunware.com/advocacy.
Safe Harbor / Forward-Looking Statements
This press release includes forward-looking
statements. All statements other than statements of historical
facts contained in this press release, including statements
regarding our future results of operations and financial position,
business strategy and plans, and our objectives for future
operations, are forward-looking statements. The words “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “will,” and similar expressions are intended
to identify forward-looking statements. For example, Phunware is
using forward-looking statements when it discusses the adoption and
impact of emerging technologies and their use across mobile
engagement platforms.
The forward-looking statements contained in this
press release are based on our current expectations and beliefs
concerning future developments and their potential effects on us.
These forward-looking statements involve risks, uncertainties, and
other assumptions that may cause actual results to differ
materially from those expressed or implied. These risks and
uncertainties include, but are not limited to, those factors
described under the heading “Risk Factors” in our filings with the
SEC. We undertake no obligation to update any forward-looking
statements.
By their nature, forward-looking statements
involve risks and uncertainties. We caution you that
forward-looking statements are not guarantees of future performance
and that our actual results may differ materially from those
expressed or implied by these forward-looking statements.
Investor Relations Contact:
Chris Tyson, Executive Vice PresidentMZ Group - MZ North
America949-491-8235 PHUN@mzgroup.uswww.mzgroup.us
Phunware Media Contact:
Joe McGurk, Managing Director917-259-6895PHUN@mzgroup.us
Phunware (NASDAQ:PHUN)
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