SPYR Inc. (SPYR) Makes the Most of Burgeoning IoT Space

Rhea-AI Summary

SPYR Inc. (OTCQB: SPYR) has been featured in an editorial by NetworkNewsWire, highlighting the evolution of the Internet of Things (IoT). Originally coined in 1999, IoT has significantly expanded, creating substantial demand for IoT products, benefiting innovative companies like SPYR. Through its subsidiary, Applied Magix Inc., SPYR develops and resells Apple ecosystem-compatible products targeted at the multibillion-dollar IoT smart home and connected car markets. The company is actively seeking acquisitions to enhance its product offerings.

Positive

• SPYR is positioned in the growing multibillion-dollar IoT market.
• The company's subsidiary, Applied Magix Inc., develops Apple-compatible products.
• SPYR is actively seeking acquisitions to expand its product offerings.

Negative

• None.

NEW YORK, May 18, 2022 (GLOBE NEWSWIRE) -- via InvestorWire — SPYR Inc. (OTCQB: SPYR) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, “From a Single Soda Machine to Everywhere: The Explosion of the IoT,” please visit: https://nnw.fm/QaRvy

It’s generally accepted that the phrase “Internet of Things” was coined in 1999 during a presentation for Procter & Gamble. Actually, the concept was already in use more than 15 years earlier when programmers at Carnegie Mellon University connected a Coke machine to the internet so they could see if there were any cold Cokes available before walking to the machine to buy one.

After four decades, the Internet of Things (IoT) has become ubiquitous, making its way into essentially every facet of day-to-day life and consumer demand for IoT products has become insatiable. That demand has proved a boon for innovative companies such as SPYR Inc. (OTCQB: SPYR).

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.

For more information about the 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

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.

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FAQ

What is the latest news about SPYR Inc.?

SPYR Inc. has been featured in an editorial by NetworkNewsWire discussing the growth of the Internet of Things and its potential impact on the company.

How is SPYR performing in the IoT market?

SPYR is developing products compatible with the Apple ecosystem and targeting the expanding IoT market, which is a positive indicator for its growth.

What products does SPYR offer?

SPYR offers products that are compatible with the Apple ecosystem, focusing on the IoT smart home and connected car markets.

What strategy is SPYR using for growth?

SPYR is looking to acquire companies that complement its focus on IoT, AI, and smart-technology products to enhance its market presence.