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SPYR/Applied Magix Provide a Rare Peek Inside the ‘Secret Lab’
SPYR/Applied Magix Provide a Rare Peek Inside the ‘Secret Lab’.
About this update from Spyr, Inc.
[{"type":"text","content":"\n THE WOODLANDS, Texas, April 05, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – SPYR (https://spyr.com/), a technology company whose subsidiary, Applied Magix, Inc., develops and resells Apple® ecosystem compatible products in the growing multibillion-dollar smart home and connected car markets, pulls back the curtain on Applied Magix’s “Secret Lab,” and the developments and directions being explored in 2022. “The Secret Lab is very much like Apple’s Advanced Technology Group (ATG) from years ago. Not everything being explored there is necessarily destined for release as a product or would necessarily see the light of day, beyond exploration and technology demos,” said Applied Magix CEO Dr. Harald Zink. “Nevertheless, much of the knowledge being gained will find its way into our products and services, while some of what we explore is based on annoyances we encounter that we believe we can design a better solution for.” “For example, a frequent frustration I have encountered is interacting with Crypto ATMs and access to your funds. It is an experience that can be incredibly frustrating - this has led me and engineers to explore how to design a better cryptocurrency ATM - in essence designing a user experience (UX) that would make such interactions pleasant and enjoyable. This would ultimately be a software solution, which could be licensed, without any investment in hardware since there is nothing special about an ATM device,” Zink continued. “This in turn has led us to explore the core of the crypto market. Namely, the mining of the various crypto coins which is still done in a terribly conventional manner and is incredibly resource intensive through the use of power, electricity, heat, cost, and so on. We have been exploring a better device to mine crypto coins - namely, a mining rig that uses significantly less power while demonstrating significantly higher performance.” Zink also states that, “The answer to this lies in the same technology Apple has turned to for their own Apple Silicon powered devices - ARM (Advanced RISC Machines) chips and System On Chip (SOC) devices. By exploring scalable ARM devices, we believe that it might be possible to provide the crypto market with a better and more performant hardware solution to their ever-exp...