NetworkNewsBreaks – SPYR Inc.’s (SPYR) Applied

NetworkNewsBreaks – SPYR Inc.’s (SPYR) Applied Magix Exploring Potential for Expansion into MVNO Market

SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company and its subsidiary, Applied Magix Inc., are evaluating the potential for entering the mobile virtual network operators (“MVNO”) market by offering special mobile phone plans designed exclusively for iPhone users. Applied Magix develops and resells Apple(R) ecosystem-compatible products in the growing multibillion-dollar IoT smart-home and connected-car markets. The MVNO space has seen dramatic growth within the mobile phone space by offering more affordable plans. Because MVNOs don’t have their own wireless networks, they typically use another carrier’s platform to provide coverage. Applied Magix is exploring that possibility with various existing relationships. “There are a lot of great carriers out there providing mobile services, but for most of them it feels like their Apple customers are an afterthought, which is frustrating if you’re an Apple user,” said Applied Magix CEO Dr. Harald Zink in the press release. “We feel that we can do better. Of course, we are not just going to jump into this. We are carefully exploring and evaluating the available MVNO offerings, as well as exploring and evaluating the market space, to see what customers want.”

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