Connect with us
European Gaming Congress 2024

Artificial Intelligence

SPYR Technologies Enters Revenue Generating Phase with Sales of Apple HomeKit Products Set to Begin at Applied MagiX

Published

on

NEW YORK, NY, March 25, 2021 (GLOBE NEWSWIRE) — It has taken SPYR Technologies (OTC Pink: SPYR) just 5 months to arrive at where the company is today—entering the revenue-generating sales phase of its business plan.  Five short months ago, SPYR moved into the technology sector as “SPYR Technologies,” it landed a $15-million funding commitment, and it acquired the “Internet of Things” (“IoT”) company, Applied MagiX, Inc., a registered Apple® developer that develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar Smart Home market.  Since that corporate makeover, SPYR has been extremely transparent, and with the help of Applied MagiX, has been hitting on all cylinders and checking off a list of promised milestones one after another.

The company’s most recent success has SPYR, through its wholly owned subsidiary, Applied MagiX, on the precipice of commencing sales of its initial shipment of an array of Apple® HomeKit® products that arrived well ahead of schedule.  It’s the first of what should be a myriad of shipments of vetted products from the company’s trusted supplier, Onvis.  It is these products that will begin to drive sales and generate revenue for the company.

Every publicly traded company and its shareholders delight in this moment.  It’s the point where a company stops simply discussing its plans for the future, and instead, begins delivering on them.  With products now available, SPYR is in the unique position of having developed a business plan, acted upon it, and is prepared to turn those October 2020 ideas into 2021 fundamentals.

SPYR’s Chief Executive Officer (CEO), James R. Thompson, said, “Let’s face it, the purpose of business is to make a profit.  The more profit you make, the more value we create for shareholders, and we create a situation whereby we can take advantage of bigger and better opportunities to continue to grow.”

In SPYR’s efforts to do just that—generate revenue and make a profit—the company along with Applied MagiX offered more clarity this week on which products were in this first shipment and provided more detail about each one, including the (i) Onvis C3 HomeKit Secure Video Camera; (ii) Onvis SMS1 Smart Multipurpose Sensor; (iii) Onvis CS1 Smart Alarm Multipurpose Sensor; and (iv) Onvis CT2 Smart Contact Sensor. (https://www.nasdaq.com/press-release/spyr-technologies-applied-magix-receive-shipment-of-apple-homekit-products-ahead-of)  

Applied MagiX will sell the 4 different “essential HomeKit products” on its website to Apple HomeKit consumers and those who are in the market to “smarten up” their homes.  The website https://appliedmagix.com is being completely redesigned to include an online store, and Applied MagiX expects to launch the site soon.

Advertisement

Dr. Harald Zink, CEO of Applied MagiX, said of the company’s initial strategy to source products from its trusted partners like Onvis, “This strategy of reselling vetted products will allow us to begin to generate revenue and put us one step closer to profitability while we’re developing our own branded proprietary products for Apple HomeKit for release into the market.”

It’s an ideal strategy that includes selling the aforementioned products as well as other sourced Apple HomeKit products and accessories, Apple Watch® accessories, and even Apple CarPlay® products and accessories.  The strategy buys the company time to continue to develop and produce its own signature line of Apple HomeKit products and accessories that will likely demand an even higher price tag and lead to even greater revenues.

With sales expected to start very soon, this is where the CEO of Applied MagiX should excel given his expertise and long-standing relationships in the Apple community with the development and marketing of the brand’s products and accessories.  Applied MagiX will launch an advertising/marketing campaign to online destinations and via social media to reach out directly to HomeKit enthusiasts and consumers.  As revenue begins to ramp up, SPYR can reinvest in the company and create new sources of revenue through additional Smart Home products, other technologies, and further acquisitions.    

SPYR’s CEO said, “The importance of SPYR/Applied MagiX creating revenue-generating opportunities with the initial products that the company will order and sell is to get cash flow started as Applied MagiX builds out its sales infrastructure (online store and other distribution channels, fulfillment, etc.) and product mix to prepare for it to handle the demand we anticipate for our proprietary products that we plan to introduce later in the year.”

The primary driver of profitability is revenue.  The more SPYR/Applied MagiX can grow revenue the more likely it is they will grow profits.  If SPYR achieves higher levels of revenue and can manage costs so that they rise at a lower rate, then SPYR/Applied MagiX can maximize profits.  As more shipments arrive and Applied MagiX is able to advertise and market the Apple HomeKit products, the company can accelerate the rate of revenue growth, and eventually generate more profits faster which will enable SPYR to (a) take more profits, (b) reinvest in the company, (c) create new sources of revenue, (d) merge or acquire another business, and (e) improve the value of the company for its investors.

Advertisement

This should be music to the shareholder’s ears, and to hear words like sales, revenue, profitability, earnings, and fundamentals, is an exciting place to be as a SPYR shareholder.  With SPYR now in a position to begin to generate revenue, its revenue growth will have a powerful impact on the company, and it will act as the engine that allows SPYR to reinvest, acquire additional products, acquire other companies, as well as expand its operations, and attain even more growth and profit well into the future.

Read SPYR Technologies’ press releases at https://www.nasdaq.com/market-activity/stocks/spyr/press-releases

About SPYR Technologies

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 multi-billion-dollar smart home market.  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 and smart-technology products.

About Applied MagiX, Inc.

Advertisement

Applied MagiX is an Internet of Things (IoT) company headquartered in Manhattan Beach, California, with an office in Hong Kong.  The company is a registered Apple® developer that develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar Smart Home market.

About Stock Market Media Group

Stock Market Media Group is a news & media content development IR firm offering a platform for corporate stories to unfold in the media with press releases, feature news articles, corporate videos, radio-style CEO interviews, and research reports.

This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions about the companies, their business, markets, and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the website of the U.S. Securities and Exchange Commission at www.sec.gov, where you can also find all of SPYR Technologies’ filings and disclosures. We also recommend, as a general rule, that before investing in any securities, you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.  We are not a registered broker, dealer, analyst, or advisor. We hold no investment licenses and may not sell, offer to sell, or offer to buy any security. Our publications about SPYR Technologies are not a recommendation to buy or sell a security.

Should Stock Market Media Group and its management own shares in the profiled company, they may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought or issued at any given time including shortly after the release of the company’s profile. Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment.  Under the Securities Act of 1933, Section 17(b), Stock Market Media Group discloses that its coverage was extended and was remunerated an additional fifteen-thousand dollars, paid for by a third party via bank wire, for its published content related to SPYR Technologies. 

Advertisement

In February 2015, SPYR agreed to issue to us 250,000 shares of SPYR’s Restricted Common Stock. Our rights to sell any of this Restricted Common Stock are subject to prior compliance with all U.S. Securities Laws, including but not limited to Rule 144. Further, our sale of any of the Restricted Common Stock is subject to a volume restriction providing that we may only sell 5,000 shares daily for every 250,000 shares of daily trading volume.  All shares have been held for the requisite period under Rule 144 and were eligible to be sold immediately upon reaching the requisite holding period without further notice.

Stock Market Media Group and its management never accept compensation in free-trading shares for its marketing services of the company being profiled, however third parties that have compensated Stock Market Media Group may hold free-trading shares of the company being profiled and could very well be selling shares of the company’s stock at the same time the content is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.

For more information: www.stockmarketmediagroup.com.

Contact:


Advertisement

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Five Women on Stars of Science Season 16 Lead the Charge

Published

on

five-women-on-stars-of-science-season-16-lead-the-charge

A New Era of Women in STEM on Qatar Foundation’s Edutainment Show
DOHA, Qatar, Sept. 30, 2024 /PRNewswire/ — Five out of seven — that’s the groundbreaking number of female contestants in season 16 of Stars of Science. This historic representation is more than just a statistic; it is a testament to the quiet yet powerful revolution unfolding in the Arab world, within the laboratories, workshops, and brilliant minds of these female innovators. This season does not simply shine a spotlight on their achievements; it celebrates a shift in what it means to be a woman in STEM, challenging age-old gender norms and redefining innovation across the Arab world.

Since its inception, Stars of Science has supported 37 female alumnae, enabling them to develop countless brilliant innovative ideas that would eventually become products or services. In a recent previous season Eiman Al-Hamad from Qatar landed third place with her Arabic conversation fraud detection program, and for the first time, a woman—Omani scientific researcher and mother of three, Soumaiya Al Siyabi—was crowned the winner. The barriers that once seemed insurmountable are crumbling, with the women of season 16 leading the charge.
Historically, women have faced significant barriers in STEM fields, but the Arab world is witnessing a profound shift. According to UNESCO, countries such as Qatar, Jordan, and Saudi Arabia are recording higher percentages of female STEM graduates than many Western nations. Dr Hind Abdulrahman Al Muftah, Qatar’s Permanent Representative to the United Nations Office in Geneva, spoke at the International Telecommunication Union’s celebration of International Girls in ICT Day, highlighting the importance of enhancing and empowering women. Dr Al Muftah noted that in 2021, women made up 70% of graduates in fields such as information systems, computer engineering, general engineering, medicine, pharmacy, and sciences. She emphasised that providing access to technology is essential for transforming Qatar into a knowledge-based economy that is inclusive of all, particularly women. This surge reflects a broader societal transformation, where women are increasingly recognised as key contributors to scientific and technological advancements.
The innovative ideas of the women in Stars of Science season 16 are more than technical achievements — they are powerful catalysts for change, addressing critical challenges in the Arab world and beyond. From Khadidja Fellah Arbi’s work in healthcare with her ‘ECG-based glucometer’to Emma Sleiman’s efforts in enhancing the diagnosis of ADHD in children with the ‘ADHD multimodel classifier,’ their contributions are filling critical gaps in regional healthcare.
Nada Raafat Elkharashi and Mariam Montaser are setting new standards in sustainability and healthcare. Elkharashi’s achievements in sustainable technology with a ‘Self-powering biosticker’ and Montaser’s ‘Testing kit for bacterial respiratory infections’ highlight the pivotal role women in STEM play in addressing global issues. Meanwhile, Sanaa Belkoutbi’s ‘Drone structure inspector inside mosques’ demonstrates how women in STEM can uniquely blend cultural preservation with modern engineering, ensuring that progress does not come at the expense of heritage.
Female enrolment in STEM programmes continues to rise, reflecting the growing recognition of women’s vital role in these fields. Platforms like Stars of Science, championed by Qatar Foundation, are pivotal in driving this transformation, offering essential visibility and unwavering support that empower women to excel and lead.
As Sarah Aboerjaib, a distinguished alumna and guest mentor of Stars of Science, stated: “As women, we invent not just to create, but also to inspire. Every invention is a story of resilience, a testament to the power of imagination, and a beacon for those who dare to dream beyond boundaries.”
Season 16 of Stars of Science is more than just a competition; it marks the dawn of a new era. The future of STEM in the Arab world is driven by the determination of these extraordinary women. As they forge ahead, they’re not just playing the game — they are rewriting the rules. The future is female, and it has never looked more promising.
Stars of Science airs from 7 September 2024 to 19 October 2024 on five channels in the region and online. Please visit the broadcast guide for channels and timings.
About Stars of Science:
Throughout 16 years of success, Stars of Science – the edutainment TV initiative of Qatar Foundation (QF) – has leveraged its position as the premier innovation show in the Arab world to empower Arab innovators to successfully transform innovative ideas into tangible solutions, strengthening the culture of innovation among Arab youth. In its sustained journey that started in 2009, the show has demonstrated how young Arab innovators develop technological solutions for their communities, aiming to improve people’s well-being, provide financial opportunities to their local citizens, and advance sustainable development.
Over a 12-week process, the contestants develop their solutions experimentally in a shared innovation space, competing against time with the mentorship and support of a team of experienced engineers and product developers.
An expert panel of jurors assesses and selects more promising innovators and their projects every week across several prototyping and testing rounds until three finalists remain to compete for a share of the Grand Prize. Jury deliberation and online voting from the public determine the rankings of the two top winners.
To know more about Stars of Science, please visit: Website, Facebook, X, Youtube, Instagram, Tiktok, and LinkedIn.
Photo – https://mma.prnewswire.com/media/2518671/Stars_of_Science_1.jpgPhoto – https://mma.prnewswire.com/media/2518672/Stars_of_Science_2.jpgPhoto – https://mma.prnewswire.com/media/2518673/Stars_of_Science_3.jpgLogo – https://mma.prnewswire.com/media/2494007/Stars_of_Science_Season_16_Logo.jpg
 
 
 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/five-women-on-stars-of-science-season-16-lead-the-charge-302261828.html

Continue Reading

Artificial Intelligence

Persistent Advances Data Privacy and AI-Driven Business Transformation with the Acquisition of Arrka

Published

on

persistent-advances-data-privacy-and-ai-driven-business-transformation-with-the-acquisition-of-arrka

PUNE, India, Sept. 30, 2024 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global pioneer in Digital Engineering and Enterprise Modernization, today announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent’s AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka’s expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI.

With the widespread adoption of AI, implementing and managing digital governance in general and data privacy and responsible AI are taking center stage for enterprises across industries. Persistent is addressing the opportunities in AI through strategic investments in innovative platforms like SASVA™, an in-house cutting-edge platform using generative and deterministic AI, as well as through tuck-in acquisitions such as that of Starfish Associates, to strengthen its position in AI-powered Contact Center and Unified Communications. The integration of Arrka is a critical component in scaling Persistent’s AI practice and addressing the rising demand for digital governance. It is a key to the Company’s strategy to deliver responsible, ethical, and comprehensive platform-driven digital solutions.
Arrka’s Data Privacy Management platform enables organizations to manage their data privacy risks and comply with multi-jurisdictional legal and regulatory requirements in an integrated manner. Persistent will integrate and significantly broaden Arrka’s offerings to establish deep capabilities across the digital governance and trust domain, including:
AI Governance and Ethics: Equipping organizations to implement and manage AI risks, ensuring trust and governance across their AI initiatives.Data Privacy: Scaling Arrka’s Data Privacy expertise to help businesses enhance and mature their ability to comply with multiple privacy laws and regulations in a holistic manner.Privacy in AI Product Engineering: Offering privacy-by-design capabilities that help embed ethical and trustworthy practices into AI development, thus ensuring transparent and explainable systems.Consent and Rights Management: Developing tailored solutions for managing user consent, handling data subject rights requests, and ensuring transparency in data processing across multiple platforms and jurisdictions.AI Systems Auditing and Compliance Management: Offering continuous compliance and auditing solutions to ensure comprehensive monitoring of AI systems.Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: 
“Arrka’s acquisition perfectly aligns with our vision to deliver AI-driven services that fuel innovation and ensure data privacy, ethics, and compliance at every stage. By integrating Arrka’s expertise with our AI-led, platform-driven services strategy, we are empowering businesses to innovate responsibly while managing risk and compliance more effectively. Their mature frameworks and Data Privacy Management platform provide a scalable foundation to ensure this new capability is platform-driven and embeds governance from the outset, which is now critical for successful AI implementations. We’re delighted to welcome Shivangi and her talented team as we strengthen our digital governance and data privacy offerings and shape the future of responsible AI together.”
Shivangi Nadkarni, Co-Founder, Arrka: 
“The acquisition by Persistent catapults Arrka onto the global stage. With the strength and resources of Persistent, we now have the opportunity to go from what has been a specialist, boutique business working with select long-term clients in India, to expanding our footprint into global markets and deepening our expertise rapidly in multiple areas of digital governance. Moreover, this has come at an opportune time, just when this domain is experiencing significant growth globally with the rise of AI. The Arrka team is excited by the opportunities ahead.”
Chirag Mehta, Vice President and Principal Analyst, Constellation Research: 
“As customers accelerate their adoption of AI, the urgency to address data privacy and compliance challenges has never been greater. Persistent’s acquisition of Arrka strengthens its AI-led, platform-first approach, empowering customers to confidently pursue their business goals while tackling these critical security concerns head-on.”
About Persistent
Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 23,500 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company has been recognized as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals.
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
Logo: https://mma.prnewswire.com/media/1022385/Persistent_Systems_Logo.jpg 
 

View original content:https://www.prnewswire.co.uk/news-releases/persistent-advances-data-privacy-and-ai-driven-business-transformation-with-the-acquisition-of-arrka-302262217.html

Continue Reading

Artificial Intelligence

Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world

Published

on

fujitsu-launches-“takane”-–-a-large-language-model-for-enterprises-offering-the-highest-japanese-language-proficiency-in-the-world

With collaboration from Cohere, Fujitsu promotes the utilization of generative AI by achieving advanced customization in a secure private environment
News Facts:
Fujitsu launches Takane, a Japanese-language large language model (LLM) designed for secure enterprise useIntegrated into Fujitsu’s AI service Fujitsu Kozuchi and offered through the all-in-one operation platform Fujitsu Data Intelligence PaaS (DI PaaS)Specialized and tailored for industry-specific use and trained for the Japanese language (world-class score on the JGLUE benchmark) to address the challenges of using LLMs in sensitive industries that require a high degree of accuracy and reliabilityTOKYO, Sept. 30, 2024 /PRNewswire/ — Fujitsu today announced the launch of Takane, a large language model (LLM) designed for enterprise use in secure private environments. Developed in collaboration with Cohere Inc., (1) Takane represents a significant leap forward in generative AI capabilities, offering world-class Japanese language capabilities.

Fujitsu will integrate this new LLM into its generative AI services on Fujitsu Kozuchi and offer it through Fujitsu Data Intelligence PaaS (DI PaaS), an all-in-one operation platform that is part of Fujitsu Uvance, Fujitsu’s portfolio of solutions addressing cross-industry societal challenges. Takane will be available globally starting September 30, 2024.
Takane, which has achieved world-leading results on the Japanese General Language Understanding Evaluation (JGLUE) benchmark (2), is designed for enterprise use in a secure private environment. Fujitsu will offer Takane alongside its generative AI framework for enterprises which comprises knowledge graph extended RAG technology for referencing large-scale text and monitoring technology for generative AI that ensures output is compliant with laws, regulations, and corporate rules. With this comprehensive approach, Fujitsu aims to create an LLM that supports customers’ business transformation.
With the launch of Takane, Fujitsu elevates its generative AI offerings on Fujitsu Kozuchi with a high-precision LLM tailored for secure private environments. This strategic move aligns with Fujitsu’s vision for seamlessly integrating generative AI into business operations.
Takane will also be provided under an initiative to deliver total support for customers’ generative AI journeys by combining the LLM with its Uvance Wayfinders consulting service and broader Fujitsu Uvance offerings. With this comprehensive approach, Fujitsu aims to empower customers to unlock new value and address societal issues by enhancing productivity, creativity, and innovation in their business operations.
For full release click here
 

View original content:https://www.prnewswire.co.uk/news-releases/fujitsu-launches-takane—a-large-language-model-for-enterprises-offering-the-highest-japanese-language-proficiency-in-the-world-302262126.html

Continue Reading

Trending