SPYR INC - SPYR STOCK NEWS

SPYR, INC. (OTCQB: SPYR), a diversified technology company, announced the ongoing development of its Micro-Tracker™ Modem via its GeoTraq subsidiary, aiming for full-scale commercialization in 2023. A study highlighted that 84% of cellular IoT non-adopters identify hardware design as a significant challenge, indicating a need for simpler solutions. GeoTraq's CTO noted that their technology shields end users from IoT complexities, allowing businesses to enhance productivity without a hefty investment. The device offers pre-integrated wireless connectivity, aiming to simplify the IoT deployment process for various industries.

SPYR, INC. (OTCQB: SPYR), a diversified technology firm in the Internet of Things (IoT) sector, has joined the SRAX Premier Operating System for Publicly Traded Companies. This partnership is designed to enhance SPYR's brand visibility among potential investors and expand awareness of its GeoTraq products across marketing channels in the USA. SRAX, a NASDAQ-listed company, provides investor intelligence through its Sequire platform, aimed at tracking shareholder behaviors. SPYR intends to broaden its capital base and engage current and potential shareholders through virtual events and investor conferences, aiming to establish a long-term investment network.

SPYR, INC. (OTCQB: SPYR) reflects on a pivotal 2022 and outlines its focus for 2023. The company acquired GeoTraq's assets without upfront costs, securing over 13,000 chipset inventories. SPYR plans to enhance the GeoTraq business, which specializes in IoT asset tracking and monitoring solutions, after dissolving its Applied Magix subsidiary. In December 2022, SPYR returned 36,272,684 shares to treasury, reducing outstanding shares by 10.48%. Management aims to upgrade engineering capabilities and transition to 5G technology to meet increasing market demand.

SPYR, INC. (OTCQB: SPYR) has entered a settlement with Berkshire Capital Management and Joseph Fiore, leading to the cancellation of 36,272,684 common shares, representing over 10% of its current issued shares. Berkshire canceled 33,831,508 shares, while Fiore canceled 2,441,176 shares, resolving outstanding legal claims. CEO Timothy Matula expressed satisfaction with the resolution, which eliminates the beneficial ownership of these shares, returning them to treasury and potentially enhancing shareholder value.

SPYR, a diversified technology company, announced significant improvements in its financial position following the acquisition of GeoTraq. As of June 30, 2022, total assets soared to $9.7 million from $342,000 in the previous quarter. The company also raised $769,000 in growth capital. With a focus on launching its low-power tracking modems, SPYR's CEO, Timothy Matula, noted increasing interest in its IoT technologies. GeoTraq's innovations aim to offer low power consumption, enhancing device design flexibility across industries.

SPYR, INC. (OTCQB: SPYR) announced that its GeoTraq subsidiary has partnered with Asiatelco Technologies for manufacturing its patented tracking modems. This partnership is crucial as GeoTraq prepares to launch the world's smallest low-power tracking modems by Q2 2023. GeoTraq aims to provide innovative IoT solutions for asset tracking and remote monitoring, enhancing operational efficiency and ROI for businesses. The partnership highlights Asiatelco's global reputation in wireless technology, ensuring the production of high-quality devices.

SPYR, INC. (OTCQB: SPYR), a technology company specializing in IoT solutions, announces its patented technology to deliver "Smart Solutions for Simple IoT Problems." GeoTraq's compact IoT connectivity modems prioritize low power consumption, enabling smaller and cost-effective devices, vital for unlocking various IoT market opportunities. The company focuses on practical IoT challenges, enhancing user experience by providing efficient solutions. SPYR aims to expand its market presence through strategic acquisitions, targeting advancements in AI and smart technologies.

SPYR Technologies has announced the enhancement of its Micro-Tracker™, an ultra-small IoT tracking device. The new communication upgrade aims to improve position accuracy and speed of data acquisition, reducing location retrieval time from over a minute to under five seconds. This advancement is expected to significantly benefit asset monitoring in various sectors, such as construction and logistics. SPYR plans to roll out this product in Q1 or Q2 2023, emphasizing its commitment to leading in IoT asset tracking technology.