SPYR Technologies’ Apple HomeKit Products Now Available for Purchase at Applied MagiX Online Store

April 5, 2021 8:45 AM EDT

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NEW YORK, NY, April 05, 2021 (GLOBE NEWSWIRE) -- SPYR Technologies (OTC Pink: SPYR) and its wholly owned subsidiary, Applied MagiX, made their Apple® HomeKit® smart home products available for purchase to the public late last week with a newly launched website and online store at https://appliedmagix.com and https://appliedmagix.com/shop.  We also learned from SPYR that the company is moving to implement additional distribution channels like Amazon, the most visited e-commerce property in the U.S. with over 2 billion global visitors each year.

Applied MagiX is a registered Apple developer that was acquired by SPYR Technologies in late 2020.  The company develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar smart home market, and while it continues to develop its own signature brand of proprietary smart home products and accessories, the company has chosen to begin generating revenue right now with sourced products from trusted technology partners, including Onvis.

Shopping for Apple HomeKit products is made easy with the new online store at Applied MagiX, and there is no better time to join the smart home craze that is currently sweeping the globe than with the company's extremely competitive introductory prices on its first 4 smart home products:

Applied MagiX is introducing the “Onvis C3 HomeKit Secure Video Camera” for $59.99 (the same product is listed on Amazon for $89.99). https://appliedmagix.com/shop/onvis-c3-camera

SPYR’s subsidiary offers the “Onvis SMS1 Multipurpose Smart Sensor” (Environment & Motion) for $19.99 on its web store (the same product is listed on Amazon for $24.99).  https://appliedmagix.com/shop/onvis-sms1-homekit-motion-sensor

The “Onvis CS1 Multipurpose Smart Sensor with Alarm” is available for $19.99 at Applied MagiX (the same product is listed on Amazon for $31.99). https://appliedmagix.com/shop/onvis-cs1-smart-sensor-alarm

Finally, smart home enthusiasts and newcomers to the market will find the “Onvis CT2 Door/Window Contact Sensor” is listed for $15.99 at Applied MagiX (the same product sells for $19.99 to $34.99 on Amazon).  https://appliedmagix.com/shop/onvis-door-window-contact-sensor-ct2  

While these 4 “essential HomeKit products” are the first that Applied MagiX is introducing to the public, they certainly won't be the last.  Even more Apple HomeKit products and accessories are on the way, and the company will also launch Apple Watch® accessories, and Apple CarPlay® products and accessories as well.  We expect Applied MagiX to begin to populate its online store and other distribution channels with its expanded lineup of sourced items soon.

“This strategy of reselling vetted products will allow us to begin to generate revenue and put us one step closer to profitability while we’re developing our own branded proprietary products for Apple HomeKit for release into the market,” said Dr. Harald Zink, the Chief Executive Officer (CEO) of Applied MagiX.

The approach by SPYR's subsidiary buys the company time, while creating capital for SPYR, to bring its own signature line of Apple HomeKit products and accessories to market, which should include a host of bigger ticket smart home items that will likely generate even greater revenue for both companies.

SPYR’s CEO, James R. Thompson, agrees, “The importance of SPYR/Applied MagiX creating revenue-generating opportunities with the initial products that the company will order and sell is to get cash flow started as Applied MagiX builds out its sales infrastructure and product mix to prepare for it to handle the demand we anticipate for our proprietary products that we plan to introduce later in the year.”

Read SPYR Technologies’ press releases 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 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.

About Applied MagiX, Inc.

Applied MagiX is an Internet of Things (IoT) company headquartered in Manhattan Beach, California, with an office in Hong Kong.  The company is a registered Apple® developer that develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar Smart Home market.

About Stock Market Media Group

Stock Market Media Group is a news & media content development IR firm offering a platform for corporate stories to unfold in the media with press releases, feature news articles, corporate videos, radio-style CEO interviews, and research reports.

This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions about the companies, their business, markets, and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the website of the U.S. Securities and Exchange Commission at www.sec.gov, where you can also find all of SPYR Technologies’ filings and disclosures. We also recommend, as a general rule, that before investing in any securities, you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.  We are not a registered broker, dealer, analyst, or advisor. We hold no investment licenses and may not sell, offer to sell, or offer to buy any security. Our publications about SPYR Technologies are not a recommendation to buy or sell a security.

Should Stock Market Media Group and its management own shares in the profiled company, they may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought or issued at any given time including shortly after the release of the company’s profile. Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment.  Under the Securities Act of 1933, Section 17(b), Stock Market Media Group discloses that its coverage was extended and was remunerated an additional fifteen-thousand dollars, paid for by a third party via bank wire, for its published content related to SPYR Technologies. 

In February 2015, SPYR agreed to issue to us 250,000 shares of SPYR’s Restricted Common Stock. Our rights to sell any of this Restricted Common Stock are subject to prior compliance with all U.S. Securities Laws, including but not limited to Rule 144. Further, our sale of any of the Restricted Common Stock is subject to a volume restriction providing that we may only sell 5,000 shares daily for every 250,000 shares of daily trading volume.  All shares have been held for the requisite period under Rule 144 and were eligible to be sold immediately upon reaching the requisite holding period without further notice.

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