Financial News

InvestorNewsBreaks – SPYR Inc. (SPYR) Inks Acquisition Agreement, Subsidiary Explores Expanding Portfolio

SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company, has signed a material definitive agreement to acquire GeoTraq Inc. from NASDAQ-traded JanOne Inc. (NASDAQ: JAN). According to the announcement, GeoTraq develops and manufactures self-contained and ultra-small Mobile Internet of Things (“IoT”) modules that can be used for asset tracking and location-based services, as well as sensor modules for remote monitoring. GeoTraq Mobile IoT modules are small, offer a long battery life, consume low power and provide global LPWAN connectivity. Because the modules work right out of the box, users eliminate the hassle and cost of designing and building a printed circuit board for mounting. In addition, the modules achieve extremely accurate indoor and outdoor positioning capability without any global positioning system (“GPS”) or global navigation satellite system (“GNSS”); they only use LTE radio by cellular tower triangulation. In addition, SPYR subsidiary, Applied Magix Inc. is evaluating the possibility of adding health and wellness products to its product category portfolio. The trillion-dollar global market is ripe for more personalization in the areas of health, fitness, nutrition, appearance, sleep and mindfulness, which is where Applied Magix sees opportunity. “While home and car are important to most people, really the most important thing to most people should be, and is, their health,” said Applied Magix CEO Dr. Harald Zink in the press release. “We are excited about exploring which products to add to our health and wellness line. . . . Technology over the past few years has made health and health monitoring easier and more accessible than ever, and we are really excited about adding this most important category to Applied Magix, which will be accessible under a new Health section on our website.”

To view the full press releases, visit https://ibn.fm/x0tgh and https://ibn.fm/Bluyi

About SPYR Inc.

SPYR Technologies is a technology company that, through its subsidiary Applied Magix Inc., develops and resells Apple 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 this 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 InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback