SPYR (OTCQB: SPYR) intends to capitalize on the burgeoning trend within the smart home products segment through its Applied Magix subsidiary. This tech company plans to develop and resell Apple-compatible products with an emphasis on the growing, multibillion-dollar internet of things (“IoT”) smart home and connected car markets. “In 2020, SPYR acquired Applied Magix Inc., a registered Apple developer and reseller of Apple-ecosystem-compatible products, to enter the global IoT market, initially through the development, manufacture and sale of devices and accessories specifically built on Apple’s HomeKit framework,” a recent article reads. “By focusing on creating smart hardware and software solutions exclusively for Apple consumers, SPYR’s Applied Magix subsidiary is addressing a key problem faced by the Apple consumer market — having a relatively limited selection of smart devices that integrate with Apple’s HomeKit, despite the target market’s relative affluence and desire to purchase Apple-branded products. Applied Magix has concentrated its initial foray into the Apple HomeKit and CarPlay connected car ecosystems of five key consumer products — the MagixDrive Wireless CarPlay adapter; the HomeKit Secure Video Camera with iCloud Storage; the Multipurpose Sensor with Alarm; the Environment and Motion Sensor; and the Window and Door Contact Sensor.”
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About SPYR Inc.
SPYR is a technology company which, through its subsidiary, Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets. SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (“AI”) and smart-technology products. Investors can learn more about SPYR and Applied Magix at https://ir.spyr.com.
NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR
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