SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company and its subsidiary, Applied Magix Inc., are providing a rare look at Applied Magix’s “secret lab.” Applied Magix develops and resells Apple(R) ecosystem-compatible products in the growing multibillion-dollar smart home and connected car markets, and the lab is a space where the company investigates and explores technologies and possible products. According to the company, while not everything explored in the lab will be realized or released, parts of the research improve and enhance current products and services or may be woven into smart homes and connected cars. “The Secret Lab is very much like Apple’s Advanced Technology Group (“ATG”) from years ago,” said Applied Magix CEO Dr. Harald Zink in the press release. “Nevertheless, much of the knowledge being gained will find its way into our products and services, while some of what we explore is based on annoyances we encounter that we believe we can design a better solution for. For example, a frequent frustration I have encountered is interacting with Crypto ATMs and access to your funds. . . . This has led me and engineers to explore how to design a better cryptocurrency ATM, in essence designing a user experience that would make such interactions pleasant and enjoyable. This would ultimately be a software solution, which could be licensed, without any investment in hardware since there is nothing special about an ATM device.”
To view the full press release, visit https://ibn.fm/mFx9x
About SPYR Inc.
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 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 this 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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