NetworkNewsBreaks – SPYR Inc. (SPYR) Positioned for Opportunity in Smart Home Product Sector

SPYR’s (OTCQB: SPYR) wholly owned subsidiary, Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products. This positions the company to take advantage of significant growth potential for Apple’s smart home device segment, represented by the variance between the number of consumers who have owned an Apple product and those who have owned a smart home device. “Acquired in October 2020, just a few months after Apple’s WWDC, Applied Magix is a registered Apple developer and reseller of Apple ecosystem compatible products targeting the burgeoning multibillion-dollar smart home market,” notes a recent article. “Applied Magix sources white-label HomeKit products and accessories from manufacturers and selects the best-in-class products that it then sells and offers support services such as software updates. The subsidiary’s goal, however, is to eventually develop, manufacture and sell its own line of branded products that are based on Apple’s framework… In the meantime, Applied Magix offers the MagixDrive Wireless CarPlay Adapter, the HomeKit Secure Video Camera with iCloud Storage, the Multipurpose Sensor with Alarm, the Environment and Motion Sensor, the Window and Door Contact Sensor, and the newly introduced MagixBlock USB DataBlocker.” To view the full article, visit https://nnw.fm/fcBRq About SPYR Inc. SPYR is a technology company which, through its subsidiary, Applied Magix Inc., develops and resells Apple(R) 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. Investors can learn more about SPYR and Applied Magix at https://ir.spyr.com. NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://nnw.fm/SPYR About NetworkNewsWire NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only) For more information please visit https://www.networknewswire.com Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer NetworkNewsWire (NNW) New York, New York www.networknewswire.com 212.418.1217 Office [email protected] NetworkNewsWire is part of the InvestorBrandNetwork