NEW YORK, NY, March 11, 2021 (GLOBE NEWSWIRE) -- SPYR Technologies (OTC Pink: SPYR) and its wholly owned subsidiary, Applied MagiX, spent this week introducing the public to the product categories and products that Applied MagiX will both develop and source to drive revenue for the companies. The plan will kick off by offering products that fall into 2 categories, “essential home accessories” and “essential HomeKit products,” which Applied MagiX will source from trusted partners and vendors, along with some accessories as well, according to the company.
Initially, both SPYR and Applied MagiX appear to be focused, and rightly so, on generating revenue, establishing distribution channels, and testing the shopping experience at Applied MagiX’s online store that is currently under construction at https://appliedmagix.com.
After carefully doing its due diligence on the technology sector and any potential acquisitions that could give SPYR a competitive edge, the company chose to embrace the Internet of Things (IoT) industry and the Smart Home market, and then SPYR promptly acquired Applied MagiX. What SPYR got is an IoT company and registered Apple® developer that develops and resells Apple® ecosystem compatible products with an emphasis on the growing multi-billion-dollar Smart Home market. It has proven, thus far, to be a wise choice as the company’s CEO and founder, Dr. Harald Zink, has demonstrated a methodical approach to just how Applied MagiX will grow its footprint in the Apple HomeKit® Smart Home market and deliver revenue for SPYR.
Generating revenue and growing the company’s available capital will set the “new and improved” SPYR apart from its days in the uber-competitive gaming industry and offer a verification, of sorts, that SPYR’s leadership has done its homework and is advancing the company in exactly the right direction.
In this week’s announcement, SPYR and Applied MagiX didn’t limit the introduction of upcoming products to any set number of offerings; however, they did announce an initial list of some of the sourced “essential HomeKit products” that Applied MagiX will offer customers who are looking for Smart Home options, including a HomeKit secure video camera, and HomeKit contact, security and environment sensors that offer a range of functions to smarten up a customer’s home. Smart sensors are used with Apple’s HomeKit platform to detect changes in and around your home, such as changes in motion, temperature, humidity, the opening and closing of doors and windows, and then those changes prompt other connected devices to react, like lights, locks, and thermostats.
Also, the companies announced an initial list of “essential home accessories,” which was comprised of several items from the Truly Convenient™ sub-brand that Applied MagiX will use to identify many of its planned Apple ecosystem accessories. Those essential home accessories include Truly Convenient USB wall-chargers, Truly Convenient lightning charger & data cables, Truly Convenient Apple Watch® charging cables, and, additionally, the company will offer Apple Watch accessories and watch bands.
After its initial release of the aforementioned sourced products, Applied MagiX will begin its second phase by introducing a host of proprietary products under its own brand. The company says that the availability of these products will be based on research and development efforts and manufacturing timelines.
Further, Applied MagiX also plans to release a number of companion apps and functional enhancement apps on MacOS and iOS systems. These apps will be proprietary software products to support products that Applied MagiX will be shipping, some apps will support and improve third-party hardware, and some will improve functionality of MacOS systems.
When discussing the second phase of the company’s product rollout, Dr. Harald Zink, CEO of Applied MagiX, said, “What I can say about our proprietary product line is that those products will be, almost exclusively, HomeKit-geared products. Our product line will be composed of items that we know are in demand, as well as those that provide conveniences.
“The Apple HomeKit consumer market offers great opportunities, not only because it is a market that appreciates premium products, but also because this market segment is still underserved. We see several items lacking in that market, which we hope to be able to serve.
“This leads to our product goals—developing Applied MagiX-branded products that don’t just fit the HomeKit space, but that provide a unique edge through unique features. While we are not interested in competing in the low-price space, we expect to offer some products that aim to provide a premium experience at a competitive price. Thus, instead of competing on lowest prices, we’d rather provide additional features, abilities or performance with our products.”
With SPYR and Applied MagiX continuing to methodically introduce the public to the company’s plans, including applying for a trademark for its sub-brand, releasing product categories and announcing planned products, etc., shareholders should expect to see the company advance its story with the availability of products and shopping opportunities on the Applied MagiX website. It is this announcement that will truly facilitate SPYR’s complete transformation into a true competitor in the Internet of Things industry.
Read SPYR Technologies’ press releases which outline its productive Q4 2020, its acquisition of Applied MagiX, the plan to move the company forward in 2021 and beyond, planned products, and funding commitments the company has secured at https://www.nasdaq.com/market-activity/stocks/spyr/press-releases
About SPYR Technologies
SPYR Technologies is a technology company that, through its subsidiary, Applied MagiX Inc., develops and resells Apple® ecosystem compatible products with an emphasis on the growing multi-billion-dollar smart home market. 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 and smart-technology products.
About Stock Market Media Group
Stock Market Media Group is a news & media content development IR firm offering a platform for corporate stories to unfold in the media with press releases, feature news articles, corporate videos, radio-style CEO interviews, and research reports.
This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions about the companies, their business, markets, and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the website of the U.S. Securities and Exchange Commission at www.sec.gov, where you can also find all of SPYR Technologies’ filings and disclosures. We also recommend, as a general rule, that before investing in any securities, you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks. We are not a registered broker, dealer, analyst, or advisor. We hold no investment licenses and may not sell, offer to sell, or offer to buy any security. Our publications about SPYR Technologies are not a recommendation to buy or sell a security.
Should Stock Market Media Group and its management own shares in the profiled company, they may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought or issued at any given time including shortly after the release of the company’s profile. Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. Under the Securities Act of 1933, Section 17(b), Stock Market Media Group discloses that it was remunerated fifteen-thousand dollars, paid for by a third party via bank wire, for its published content related to SPYR Technologies.
In February 2015, SPYR agreed to issue to us 250,000 shares of SPYR’s Restricted Common Stock. Our rights to sell any of this Restricted Common Stock are subject to prior compliance with all U.S. Securities Laws, including but not limited to Rule 144. Further, our sale of any of the Restricted Common Stock is subject to a volume restriction providing that we may only sell 5,000 shares daily for every 250,000 shares of daily trading volume. All shares have been held for the requisite period under Rule 144 and were eligible to be sold immediately upon reaching the requisite holding period without further notice.
Stock Market Media Group and its management never accept compensation in free-trading shares for its marketing services of the company being profiled, however third parties that have compensated Stock Market Media Group may hold free-trading shares of the company being profiled and could very well be selling shares of the company’s stock at the same time the content is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
For more information: www.stockmarketmediagroup.com.
Contact: