• Applied Magix’s latest product, the MagixStatus cables are expected to be ready for shipment and delivery within 30 days
• The new advisory board to be announced in the near future will guide Applied Magix on its journey toward expansion
• SPYR has updated its branding to reflect the fresh and dynamic attitude that the company wishes to convey to consumers

SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company that develops and resells Apple(R)-ecosystem-compatible products for the multibillion-dollar Internet of Things (“IoT”) Smart Home and Connected Car markets, through its subsidiary Applied Magix inc., recently announced multiple significant milestones achieved in Q1 2022. Most notably, the company opened up pre-orders for a new and exciting product, the MagixStatus Cables; it has created an advisory board for expansion efforts; and it has implemented a series of branding changes to reflect the company’s current and future direction. SPYR is continuing to identify and target acquisitions to enable the company’s growing footprint in the industry while expanding its product offering to consumers, including artificial intelligence (“AI”) and smart technology products.

The MagixStatus Cables will be soon available for purchase via a special pre-sale page through the Applied Magix website. When discussing the pre-sale of the MagixStatus Cables, Applied Magix CEO Dr. Harald Zink said the company wanted to open up pre-orders for its “newest, most exciting” product while it is ramping up production and waiting for final packaging to be ready (https://ibn.fm/cIYEE). “These are truly the better mousetrap of charging cables, and we are set to have the first shipment delivered within 30 days,” Zink added. “By allowing our customers to get in line early via pre-sales orders, we are also giving them the opportunity to enjoy a pre-sales discount on the cables of 20%. Everybody wins, right?”

Also, in the near future, Applied Magix will be announcing (and featuring) a new advisory board, whose sole purpose is to support the company’s growth and expansion efforts (https://ibn.fm/AHHAt). The advisory board will assist with the upcoming challenges the company faces by allowing consultation with individuals who possess experience and knowledge – proving invaluable to the growth and continued success of both parent company and subsidiary. 

“The advisory board concept will be of great help entering the coming phase of market share and revenue growth, especially as we further expand marketing and product development,” SPYR CEO Tim Matula stated. “SPYR is looking forward to working with such distinguished and experienced executives who we have identified as potential members of the Applied Magix advisory board.”

In a move designed to further the company’s future growth, SPYR has updated its brand design – exuding a design that moves toward the fresh and dynamic attitude the company wishes to express moving forward. Right now, the new logo design will be implemented internally on all corporate communications and on the main SPYR website (https://ibn.fm/Zf9AQ). According to Zink, the new logo “really reflects the fresh, collaborative dynamic between SPYR and Applied Magix. I knew we were in good hands with Tim when he switched to an iPhone and iPad early on.” 

“We felt it was the right time and that a visual update was necessary to reflect not just our new direction and new management, but an entirely new SPYR that embraces teamwork and common goals. Collaborating with our friends from Applied Magix, we are moving towards a fresh future, and we wanted a fresh, dynamic new logo to reflect that,” Matula added. 

For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites:

• MagixDrive Wireless CarPlay Adapter –  https://appliedmagix.com/MagixDriveBundle 
• HomeKit Secure Video Camera with iCloud Storage – https://appliedmagix.com/HomeKitCamera 
• Multipurpose Sensor with Alarm – https://appliedmagix.com/HomeKitAlarmSensor 
• Environment and Motion Sensor – https://appliedmagix.com/HomeKitMotionSensor 
• Window and Door Contact Sensor – https://appliedmagix.com/HomeKitContactSensor 
• MagixBlock USB DataBlocker – https://appliedmagix.com/MagixBlock 
• MagixCharge Dual USB-C Car Charger – https://appliedmagix.com/MagixCharge 

For more information, visit the company’s website at www.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

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