SPYR (OTCQB: SPYR) is a technology company that, through its subsidiary, Applied Magix Inc., develops and resells Apple(R)-ecosystem-compatible products oriented toward the smart home and connected car spaces. The company is evaluating opportunities to expand its reach to Latin America, Central Europe and Thailand to grant its products a global market. “These are markets that need to be considered for future expansion, and we may as well start investigating a foundation now, with an eye toward the future. Applied Magix’s research and investigative efforts in this direction will help SPYR gain a worldwide footprint and potentially reach many more customers,” a recent article quotes SPYR CEO Tim Matula as saying. The company has been working to grow shareholder value through a number of product upgrades, sales and marketing efforts, recently announcing the launch of its new development initiative to upgrade MagixDrive (a wireless adapter between iPhones and vehicle CarPlay infotainment systems), and that it is preparing to develop other CarPlay products. “We are constantly upgrading our product pipeline, and our efforts to streamline our inventory benefit our tech-enthusiastic customers by making aggressive discounts available to them during our Summer Sales events,” Applied Magix CEO Harald Zink said.
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About SPYR Technologies
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. For more information about the company, visit 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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