- Applied Magix is currently shipping five products to customers
- The company plans to add new products to its offerings in 2022
- Applied Magix is positioned to take advantage of unmet demand for Apple-compatible smart home and connected car products
- The global smart home market is forecast to hit more than $187 billion in revenue by 2025, marking a CAGR of 15.75 percent from 2021
- The company operates in rapidly growing markets
- Both SPYR and its Applied MagiX subsidiary have experienced management teams in place
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