SKYX Platforms Corp. (NASDAQ: SKYX) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 120 patents and pending applications globally and over 60 lighting and home décor websites, with a mission to make homes and buildings safe and smart as the new standard, today provides a corporate update.
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homes → pende → update
The combined SKYX and Deako pipeline is estimated at over 4 million units with an expected average selling price of approximately $50 per product.
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pipeline → estimate → product
- SKYX’s subsidiary Deako announced it will supply over 80,000 units to 1,000 homes of prominent builder Maronda Homes.
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it → announce → Homes
The Company recently signed an agreement to supply two 65 stories luxury Trump Towers with over 2.2 million SQF in one of India’s leading tech cities Hyderabad, expecting to deploy tens of thousands of units.
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Company → sign → units
- SKYX recently announced it will supply its technologies during a renovation of a Marriott city center hotel in Durham, NC.
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it → announce → Durham
- The Company reported $27.7 million in total cash, cash equivalents, and restricted cash as of the end of the second quarter of 2026 and continues to maintain a strong cash position to achieve its business goals, including achieving positive cash flow as it exits 2026.
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it → report → 2026
- The Company reported 10 consecutive quarters of year-over-year growth and expects to continue this pattern of quarterly growth.
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Company → report → growth
SKYX Patented Turbo Heater Fan
- Despite a very hot summer, SKYX’s sales of its patented Turbo Heater Fan continued to grow during the summer with all retailers, including Home Depot, Lowe’s, Target, Walmart, Costco, Amazon, Wayfair, and through SKYX’s e-commerce platform of 60 websites.
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sales → patent → websites
- The Company expects sales of its Turbo Heater Fan to grow significantly during the fall and winter seasons in both the retail and builder segments.
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sales → expect → segments
- Due to increasing demand, SKYX intends to launch new designs in both larger and smaller sizes and in five different colors.
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SKYX → increase → colors
SKYX’s full product line is expected to create an opportunity to increase Deako’s revenue per home by up to fivefold.
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line → expect → fivefold
- Synergies between SKYX and Deako are expected to reduce annual cash expenses by over $6 million.
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Synergies → expect → million
In addition to expected revenues from sales, both SKYX and Deako use the razor-and-blades model and are expected to provide additional future revenues from upgrades, as well as recurring revenue opportunities from plug & play product interchangeability, AI services, monitoring, subscriptions, and licensing, among other sources.
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SKYX → expect → sources
- The merger opens the door for Deako’s products in SKYX projects, including Marriott and European hotels and Miami’s $4 billion Smart City.
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merger → open → hotels
In consideration for the merger, SKYX issued 25,000,000 shares of common stock, subject to a 12-month full lock-up (followed by quarterly leak-out releases at 12, 15, 18, and 21 months after the closing, with share sales subject to a Rule 10b5-1 trading plan).
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sales → issue → plan
Deako’s lead investors include Paul Jacobs, former Chairman and CEO of Qualcomm; Deako’s former board member Marwan Fawaz served as CEO of Nest (Google).
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member → include → Nest
- Deako has recently extended its supply agreement with leading builders D.R. Horton and Stone Martin.
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Deako → extend → Horton
- Deako has shipped over 32 million units, including its smart plug-in wall switches, and generated over $26 million in revenue in 2025.
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Deako → ship → 2025
- Deako is a leading technology supplier with over $26M in 2025 revenues and has shipped over 32 million units, including its smart home plug-in wall switches, to over 50 U.S. homebuilder customers, including D.R. Horton, Toll Brothers, Risewell Homes, Adams Homes, Maronda Homes, Shea Homes, and Schumacher Homes, among many others.
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Deako → lead → others
The merger between SKYX and Deako will enable SKYX to offer an A-to-Z AI and smart home plug & play solution for homes and buildings, including wall outlets, wall switches, and ceiling outlet boxes for smart home and safety products, lighting, ceiling fans, and smoke detectors, among others.
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merger → enable → others
- Most smart home solutions today require time-consuming and costly wired installation and address only part of the A-to-Z opportunity, while the combined company aims to offer a complete A-to-Z AI and plug & play smart home solution.
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company → require → solution
SKYX’s Signed Agreements Prior to Merger with Builder / Hotel Segments
- The Company recently signed an agreement to supply two 65 stories luxury Trump Towers with over 2.2 million SQF in one of India’s leading tech cities Hyderabad, expecting to deploy tens of thousands of units.
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Company → sign → units
- SKYX recently announced it will supply its technologies during a renovation of a Marriott city center hotel in Durham, NC.
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it → announce → Durham
- SKYX announced its technology will become a brand standard for European hotel developer Group OTT, a developer of over 250 hotels and buildings across Europe.
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technology → announce → Europe
SKYX’s future U.S. and international projects include Miami’s new $4 billion Smart City and projects in North Carolina, Austin, San Antonio, South Florida, New York, Europe, Saudi Arabia, and Egypt.
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projects → include → Florida
- SKYX is progressing toward its goal to become a brand standard for national and international hotel chains and builders.
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SKYX → progress → chains
- SKYX has recently signed a licensing agreement for its advanced technologies with Eurofase, a leading lighting company in the U.S., Canada, and global markets.
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SKYX → sign → U.S.
- SKYX expects to continue its licensing model for its vast patent portfolio as part of its safety code standardization efforts, as well as through licensing to leading tech companies.
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SKYX → expect → companies
- SKYX will be launching a new AI-driven system and infrastructure for its e-commerce platform of 60 websites, expected to significantly increase its conversion rate and sales.
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SKYX → launch → rate
- The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers in the U.S., Vietnam, Taiwan, China, and Cambodia.
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Company → secure → U.S.
Safety Standardization Mandatory Code and Insurance Exposure
- SKYX’s Safety Code Standardization Team is receiving support from a prominent new leader in connection with its government safety agency process for mandatory safety standardization of its electrical ceiling outlet/receptacle technology.
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Team → receive → technology
SKYX’s code team is led by industry veterans Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA).
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team → lead → Association
The Company’s Safety Code Standardization Team believes it will garner assistance from additional safety organizations in its mandatory safety code standardization efforts based on the product’s significant safety aspects.
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it → believe → aspects
Both strongly believe that, considering the Company’s standardization progress, including ANSI / NEMA (American National Standards Institute / National Electrical Manufacturers Association) voting to approve its product specification and its technology being voted into 10 segments of the NEC Code Book, its technology has met the necessary safety conditions for becoming a ceiling safety standardization requirement for homes and buildings.
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technology → believe → homes
- The Company strongly believes its products can save insurance companies many billions of dollars annually by minimizing risks (e.g., reducing fires, ladder fall injuries, and electrocutions).
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products → believe → fires
Management expects that insurance companies will use the Company’s range and variations of its safe advanced plug & play products to reduce their exposure and minimize their risks.
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companies → expect → risks
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings safe-advanced and smart as the new standard.
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homes → make → standard
SKYX has a series of highly disruptive advanced, safe, smart and AI platform technologies, with over 120 U.S. and global patents and patent pending applications.
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SKYX → have → patents
Additionally, the Company owns 60 lighting and home décor websites for both retail and commercial segments.
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Company → own → segments
Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings.
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technologies → place → homes
…and 6 more, not listed.
The Aporia
