SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company, and its subsidiary, Applied Magix Inc., is exploring potential acquisition opportunities that would expand the company’s essential intellectual property (“IP”) or product lines. Applied Magix develops and resells Apple(R) ecosystem-compatible products in the growing multibillion-dollar smart home and connected car markets, is investigating possible acquisition targets to add essential intellectual property to its line of products, as well as new product lines. According to Applied Magix CEO Dr. Harald Zink, Applied Magix is always on the lookout for new and innovative technologies and has recently identified several potential IP targets that are AI-based and may complement or expand the company’s existing product lines; others may offer innovative technologies that could be used for new product lines. “In the tech business, it is always important to stay at the forefront of the industry, and preferably several steps ahead,” said SPYR Technologies CEO Tim Matula in the press release. “This is what Harry and Applied Magix are doing, and I am fascinated at some of the technologies that he finds. These are exactly the sort of technologies that could be complementary to Applied Magix’ products, while at the same time potentially bringing in new revenue streams based on these new technologies.”
To view the full press release, visit https://ibn.fm/4ZWIq
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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