SPYR Inc. (SPYR) Seeks to Build Shareholder Value Through IoT Ecosystem Acquisitions, Router Product Development
Jun 2, 2022
- Internet of Things (“IoT”) technology holding company SPYR Inc. is invested in developing Apple(TM) ecosystem-focused products through its subsidiary Applied Magix — some as own-brand accessories and others as white label items for the Apple HomeKit(TM) market
- Applied Magix recently announced it is evaluating the potential of developing HomeKit Secure Routers to strengthen its overall product offerings
- Applied Magix is contemplating the expansion of its product distribution to international markets as well, beginning with Hong Kong, where it has a representative office
- SPYR is also looking for ways to expand the holding company, commencing with preliminary talks on the acquisition of a proprietary lighting technologies developer and a proprietary high-value asset tracking technologies developer
Two years after Singapore launched a national Cybersecurity Labelling Scheme that helps buyers gauge how secure smart devices are against cyber risks, a growing number of company product applications demonstrates the importance consumers are placing on security for their growing cache of Internet of Things (“IoT”) innovations (https://ibn.fm/SMg9B).
The government program is also attracting international attention as agencies worldwide continue to see their oversight of modern technology security evolve. A draft report by the U.S. Department of Commerce’s National Institute of Standards and Technology analyzed diverse approaches to…
NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR
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