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 both Applied MagiX will develop and source to generate revenue for companies. The plan will start by offering products that fall into 2 categories, "essential home accessories" and "essential HomeKit products", which Applied MagiX will provide from trusted partners and suppliers, along with some accessories, according to the company.
Initially, both SPYR and Applied MagiX seem to be focused and, rightly, on revenue generation, establishing distribution channels and testing the shopping experience at the Applied MagiX online store that is currently under construction at https://appliedmagix.com.
After carefully due diligence in the technology sector and any potential acquisitions that could give SPYR a competitive advantage, the company chose to embrace the Internet of Things (IoT) industry and the Smart Home market, and then SPYR immediately acquired Applied MagiX. What SPYR has achieved is a registered IoT and Apple company® developer who develops and resells Apple® ecosystem-friendly products, with a focus on the growing multi-billion dollar smart home market. It has so far proved to be a wise choice, as the company's CEO and founder, Dr. Harald Zink, has demonstrated a methodical approach to how Applied MagiX will grow in Apple HomeKit.® Smart Home Market and deliver revenue for SPYR.
Generating revenue and increasing the company's available capital will make SPYR "new and improved" in addition to its days in the uber-competitive gaming industry and provide some sort of verification that SPYR's management has done its homework and the company is moving in exactly the right direction.
In this week's announcement, SPYR and Applied MagiX did not limit the introduction of future products to a number of offers; however, they have announced an initial list of some of the “essential HomeKit products” that Applied MagiX will offer to customers looking for Smart Home options, including a secure HomeKit camcorder and HomeKit contact, security and environment sensors that offer a range of functions to understand a customer's house. Smart sensors are used with Apple's HomeKit platform to detect changes in and around your home, such as changes in movement, temperature, humidity, opening and closing of doors and windows, and then these changes cause other connected devices to react. such as lights, locks and thermostats.
The companies also announced an initial list of "essential home accessories", which consisted of several items from "Really Convenient"™ sub-brand that Applied MagiX will use to identify many of its accessories planned for the Apple ecosystem. These essential household accessories include really convenient USB wall chargers, lightning chargers and really convenient data cables, Apple Watch really convenient® charging cables and, in addition, the company will provide Apple Watch accessories and watch bands.
After the initial launch of the aforementioned products, Applied MagiX will start its second phase by introducing a series of proprietary products under its own brand. The company says the availability of these products will be based on research and development efforts and manufacturing deadlines.
In addition, Applied MagiX also plans to launch a number of companion and functional enhancement applications on MacOS and iOS systems. These applications will be their own software products to support the products that Applied MagiX will deliver, some applications will support and improve third-party hardware, and others will improve the functionality of MacOS systems.
Speaking about the second phase of the company's product launch, Dr. Harald Zink, CEO of Applied MagiX, said: “What I can say about our patented product line is that those products will be almost exclusively HomeKit-adapted products. . Our product line will consist of items that we know are in demand, as well as those that offer facilities.
"The Apple HomeKit consumer market offers excellent opportunities, not only because it is a market that appreciates premium products, but also because this market segment is still poorly served. We see several items missing from that market that we hope to be able to serve.
“This leads to our product goals - the development of Applied MagiX branded products that not only fit the HomeKit space, but offer a unique advantage through unique features. Although we are not interested in competing in the low price space, we expect to offer some products that aim to offer a premium experience at a competitive price. Thus, instead of competing at the lowest prices, we would prefer to offer additional features, skills or performance with our products. ”
Given that SPYR and Applied MagiX continue to methodically introduce the public to the company's plans, including applying for a trademark for its sub-brand, issuing product categories and announcing planned products, and so on. product availability and shopping opportunities on the Applied MagiX website. This announcement will really facilitate the complete transformation of SPYR into a real competitor in the Internet of Things industry.
Read the press releases of SPYR Technologies presenting its productive quarter IV 2020, the acquisition of Applied MagiX, the plan to advance the company in 2021 and beyond, the planned products and the financing commitments that 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-friendly products, with a focus on the growing multi-billion dollar smart home market. SPYR continues to identify and target purchases that will increase its footprint in the industry and expand the products it offers to consumers, including companies that develop artificial intelligence products and smart technology.
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