SPYR Technologies

OTCQB: SPYR

SPYR Technologies

Symbol: OTCQB: SPYR

  • Outstanding Shares: 323,110,105 (as of 08/09/2022)
  • Float: 100,526,978 (as of 01/25/2022)

www.spyr.com

Solutions for Smart Homes, Connected Car Markets and Mobile IoT Tracking Modules

SPYR Technologies (OTCQB:SPYR) is a technology company focused on IoT, or the Internet of Things. Through its subsidiary Applied Magix Inc., SPYR develops and resells Apple® ecosystem compatible products, with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets. Through its GeoTraq business, SPYR develops and manufactures fully entirely self-contained, ultra-small Mobile mobile IoT (Internet of Things) modules: Trackertracker-M modules for asset tracking and location-based services, and Sensorsensor-M modules used for remote monitoring. 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.

GeoTraq

On May 31, 2022, SPYR entered a material definitive agreement to acquire GeoTraq, Inc., which is a Mobile IoT module manufacturer and connectivity provider. GeoTraq offers asset tracking and remote monitoring through Mobile IoT modules with global connectivity. GeoTraq Mobile IoT modules report location data with the ability to measure variables from external sensors, such as temperature, flow, pressure, humidity, motion, acceleration and more. The modules transmit data for scheduled reports or trigger-based event alerts. GeoTraq technology is designed to streamline business processes and increase operational efficiency to drive ROI and solve real business challenges.

Lost assets cost money, and lots of it. In addition, asset loss is also costly in terms of time, labor, and even creditability. Invariably, the problem crosses all sectors, from overseas medical device manufacturers to national and local furniture retailers which lose upwards of $5 million annually during overland shipments. Reports indicate that the industry is on its way to 267 million active RFID and by 2027 covering industrial automation, logistics, supply chain, agriculture, construction, mining and related markets.

With its recent refinement and completion of its state-of-the-art product line, GeoTraq firmly believes it offers the most robust suite of Mobile IoT Modules for Asset Tracking that go virtually anywhere, track almost anything and eliminate some of the most significant barriers to deployment.

Vehicles, parts, boxes, pallets, people, equipment, furniture, etc, and GeoTraq Mobile IoT modules can now be tracked globally and affordably. GeoTraq’s penny-sized Tracker-Modules can report location data as well as sensor information using NB-IoT and LTE-M technology anywhere there is cellular coverage.

GeoTraq’s patented technology intelligently transmits small packets of data at scheduled times or for trigger-based events – such as your asset entering or leaving a geofence, or dangerous temperatures thresholds. Almost any type of sensor can be attached to our modules, bringing unparallelled flexibility to the implementation of asset tracking solutions. The global costs of lost assets are staggering – but an IoT asset tracking solution needn’t be. GeoTraq IoT modules for asset tracking power solutions you can rely on for security and speed, at a cost that can drive true ROI across the supply chain.

Applied Magix

On October 20, 2020, SPYR acquired Applied Magix, Inc., a registered Apple developer, and reseller of Apple ecosystem compatible products with an emphasis on the growing multi-billion dollar smart home market, as its wholly-owned subsidiary. Applied Magix operates in the “Internet of Things” (IoT) market, and more specifically, the segment of the market related to the development, manufacture, and sale of devices and accessories specifically built on Apple’s HomeKit® framework. These products work within the Apple® HomeKit ecosystem and are exclusive to the Apple market and its consumers. Initially, while working to develop, manufacture and sell its own line of branded products, Applied Magix will be sourcing HomeKit products and accessories from worldwide manufacturers, vetting and selecting best-of-breed products, selling them direct and supporting them.

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Homekit collage of images in smart home

Global smart homes market is forecast to grow from $96B in 2021 to $151B in 2025

Connected car market is forecast to grow from $54B in 2020 to $166B in 2025

Hand holding smartphone (with CarPlay app) in car

The Problem:
Apple consumers, the most affluent and loyal consumers of tech products, have very few “smart” devices that integrate with Apple’s Smart Home app HomeKit, and others.

The Solution:
Create smart hardware and software solutions exclusively for Apple consumers.

Current Shipping Products

  • MagixDrive Wireless CarPlay adapter allows users to access CarPlay wirelessly using an iPhone
  • Homekit Secure Video Camera With iCloud Storage
  • Multipurpose Sensor With Alarm
  • Environment & Motion Sensor
  • Window & Door Contact Sensor
AppliedMagix Products for Apple Car Play image

Applied Magix does not compete with others that currently provide high quality hardware solutions, like thermostats or doorbells. Rather, the company provides complementary products to extend and enhance their functionality into the HomeKit space. The focus is to create HomeKit products that “just work” and which are not now available to our customers.

Apple Home Kits products

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Disclaimer

EMC has been paid $600,000 by SPYR, Inc. | Please read our full disclaimer

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