SPYR Technologies' Applied MagiX, Inc. Reveals Product Categories, Products Under Development and Sales Strategy
SPYR Technologies (OTC PINK:SPYR) has announced a dual strategy for product development and sales through its subsidiary, Applied MagiX, Inc..
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Rhea-AI Summary
SPYR Technologies (OTC PINK:SPYR) has announced a dual strategy for product development and sales through its subsidiary, Applied MagiX, Inc.. The strategy includes launching essential home accessories and HomeKit products from trusted partners, as well as proprietary products under the Truly Convenient™ brand. Key offerings will feature a HomeKit Secure Video camera and various charging accessories. APPLIED MagiX also plans to release companion apps for MacOS and iOS to enhance product usability.
Positive
- Launch of essential home accessories and HomeKit products expands market reach.
- Introduction of proprietary products under the Truly Convenient™ brand enhances brand identity.
- Planned companion apps for MacOS and iOS may improve customer engagement and product functionality.
Negative
- None.
Details
News Market Reaction – SPYR
The recorded move for SPYR in the trading session of this news was +6.25%.
Data tracked by StockTitan Argus. Session date unavailable.
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GREENWOOD VILLAGE, CO / ACCESSWIRE / March 9, 2021 / SPYR, Inc. dba SPYR Technologies (OTC PINK:SPYR), a technology company which, 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, today provided additional guidance regarding their planned sales strategy, product categories and products under development.
Applied MagiX Inc, plans to follow a 2-pronged sales and product development strategy - initially providing what it refers to as "essential home accessories," as well as some "essential HomeKit products" sourced from trusted partners and vendors, along with some accessories that any Apple immersed home or homeowner will find useful and appreciate.
Then, Applied MagiX, Inc. will be releasing proprietary products under its own brand, with availability based on R&D and manufacturing timelines, which are expected to include, but not be limited to the following:
Essential HomeKit Products:
- HomeKit Secure Video camera.
- HomeKit Contact, Security and Environment Sensors.
Essential Home Accessories:
- Truly Convenient™ USB wall-chargers.
- Truly Convenient™ Lightning charger & data cables.
- Truly Convenient™ Apple Watch ® charging cables.
- Apple Watch® accessories, watch bands.
Applied MagiX, Inc, also plans to release several companion apps and functional enhancement apps on MacOS and iOS systems, such as:
- Apps that support products that we are shipping.
- Apps that support and improve third-party hardware.
- Apps that improve functionality of MacOS systems.
"We believe that this a quick way to get the products that we approve of, and use ourselves, into our customers' hands and homes, and share our vision for smarter homes with smarter people. These are items that all of us here at Applied MagiX have found to be Truly Convenient™, as we use them in our homes," said Dr. Harald Zink, Chief Executive Officer of Applied MagiX Inc. "Our Truly Convenient™ brand of accessories introduces some unique and, well, truly convenient, twists to familiar products like chargers and cables," continued Dr. Zink.
Interested consumers can subscribe to Applied MagiX's notifications via its website, to receive timely product notifications.
About SPYR Technologies
SPYR Technologies (SPYR) is a technology company which, 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.
Safe Harbor Statement:
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website http://www.sec.gov, as well as SPYR's website https://www.spyr.com, and SPYR's Twitter account https://twitter.com/spyrinc.
Investor Relations Contact:
(303) 991-8000
contact@spyr.com
SOURCE: SPYR, Inc.
View source version on accesswire.com:
https://www.accesswire.com/634185/SPYR-Technologies-Applied-MagiX-Inc-Reveals-Product-Categories-Products-Under-Development-and-Sales-Strategy
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