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SKYX Platforms - SKYX STOCK NEWS

Welcome to our dedicated page for SKYX Platforms news (Ticker: SKYX), a resource for investors and traders seeking the latest updates and insights on SKYX Platforms stock.

Overview of SKYX Platforms Corp

SKYX Platforms Corp is a technology company that specializes in the development and commercialization of advanced plug & play electrical fixture solutions. The company has developed a proprietary technology that includes a weight-bearing, fixable socket and a corresponding revolving plug that jointly provide a safe, quick, and efficient method for installing electrical fixtures such as light fixtures and ceiling fans. With a significant portfolio of patents both in the United States and internationally, SKYX Platforms has positioned itself as a key innovator in electrical connectivity and building safety technology.

Core Technology and Operations

The heart of SKYX Platforms’ offering is its safe, advanced, and smart platform technology. This technology combines nonconductive bodies housing conductive rings within both the socket and the plug components, ensuring that electrical power can be securely transmitted to attached appliances. The design is intended to simplify the installation process in buildings, reducing the time and cost associated with traditional electrical installations. Emphasizing user safety and ease of use, the platform minimizes wiring complexities and promotes a more efficient, streamlined approach to home and commercial building installations.

Market Presence and Business Model

SKYX Platforms operates primarily within the United States while extending its technology through strategic partnerships and collaborations internationally. The company generates revenue by integrating its hardware solutions into various segments, including residential, hospitality, retail, and commercial infrastructures. Its extensive network of over 60 home décor and lighting websites provides a direct channel for reaching both retail consumers and professional installers. By targeting sectors where safety and advanced design are paramount, such as high-end real estate and the professional builder segment, SKYX demonstrates a robust and diversified approach in its business model.

Industry Applications and Competitive Differentiation

The company’s technology is applicable across several segments:

  • Residential Installations: Ensuring ease of installation for smart, safe, and energy-efficient home lighting systems.

  • Commercial and Hospitality Sectors: Providing tailored solutions that meet the rigorous standards demanded by hotels, office spaces, and high-end residential properties.

  • Retail and E-Commerce: Leveraging its digital presence to provide a streamlined purchasing experience, aided by strategic collaborations with leading e-commerce platforms.

What sets SKYX Platforms apart is not only its disruptive technology that reduces installation time and enhances safety but also its extensive patent portfolio which acts as a barrier to entry for competitors. The company’s approach to integrating advanced smart technology with everyday building needs makes its products a definitive part of modernizing electrical infrastructures without compromising on safety or usability.

Technological Impact and Industry Terminology

Within the electrical and building technology industry, SKYX Platforms is recognized for its use of industry-specific terminology such as "smart home", "advanced plug & play", and "electrical fixture safety". The integration of these concepts into its platform underscores the multifaceted value proposition that combines innovation with operational efficiency. This approach aligns with the current demands for high-quality, reliability-focused, and safe electrical connectivity solutions.

Operational Excellence and Strategic Partnerships

SKYX Platforms’ operational model is bolstered by key strategic investments and collaborative efforts with partners in the hospitality, retail, and construction sectors. These partnerships enhance their market penetration and validate the technological disruption achieved by their products. By aligning with industry stalwarts and leveraging both technological and manufacturing expertise, the company positions itself as a critical contributor to the evolving landscape of smart, safe, and efficient building solutions.

Conclusion

Overall, SKYX Platforms Corp exemplifies an innovative integration of smart technology into traditional electrical wiring and fixture installation. Their proprietary solutions provide not only a significant improvement in installation efficiency and safety but also reimagine the way electrical systems are implemented in modern homes and buildings. For anyone evaluating technological advancements in the electrical installation sector, SKYX Platforms offers a comprehensive, well-integrated system that underscores its commitment to advancing safety standards and enhancing everyday living environments.

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SKYX Technologies Corp. will officially launch its advanced smart platform technologies at the International Builders' Show, showcasing its award-winning solutions that enhance real-estate value for developers and homeowners. Collaborations with leading manufacturers and a strong presence at the event highlight SKYX's commitment to market penetration and innovation.
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SKYX Platforms Corp. (NASDAQ:SKYX) has won a total of seven CES awards for its disruptive smart home platform technology, with its patented All-In-One Smart Platform, which can significantly save lives, time, and cost while simplifying the process of making a smart home. The platform integrates with various voice control systems and is expected to be available to consumers in Q1 of 2024.
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SKYX Platforms Corp. (NASDAQ:SKYX) will debut its patented new game-changing smart home platform technologies at CES 2024. The company has 77 pending and issued patents globally, with over 60 lighting and home décor websites. The All-In-One Smart Platform significantly saves lives, time, and cost while simplifying the process of making a smart home. SKYX's smart technology plug & play products, with its proprietary SkyHome app, has already won five awards from various publications at CES 2023. The All-in-One Smart Platform is a complete stand-alone platform system that can operate on a standalone basis or can be used to connect light fixtures. It integrates with Apple Siri, Amazon Alexa, Google Home, Samsung Smart Things, Cortana, and more. The All-in-One platform is expected to be available to consumers in Q1 of 2024.
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SKYX Platforms Corp. (NASDAQ:SKYX) has renewed a five-year global licensing master service agreement with GE Technology Development, Inc. to license certain advanced and smart technologies in the U.S. and worldwide. The agreement includes provisions for revenue sharing and support for defending the Company's intellectual property. Rani Kohen, Founder and Executive Chairman, and Lenny Sokolow, Co-CEO, both expressed optimism about the agreement's potential to enhance market penetration and monetize the company's disruptive platform technologies.
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SKYX Platforms Corp. (SKYX) announced a product collaboration with Kichler, a leading lighting and ceiling fan company, to feature its advanced and smart plug & play technology on Kichler's high-end designed light fixtures and ceiling fans at the upcoming International Builders' Show (IBS) in Las Vegas from February 27-29, 2024. SKYX, a highly disruptive platform technology company with over 77 pending and issued patents globally, aims to make homes and buildings safe and smart as the new standard. Kichler, celebrating its 85th anniversary, is a top-quality manufacturer with leading high-end designs and is a principal supplier to most sectors including big-box retail, builders, professionals, and online segments.
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SKYX Platforms Corp. (NASDAQ:SKYX) reported a record $21.6 million revenue in Q3 2023, with $24.4 million cash and investments. The company has 77 pending and issued patents globally and is expanding its market penetration of advanced and smart platform technology products. SKYX filed for a mandatory safety standardization with the National Electrical Code, collaborated with QUOIZEL, and signed agreements with Material Bank and for the International Builders' Show. Financially, the company saw increased revenue and gross profit, but also higher sales and marketing expenses, leading to a net loss of $7.2 million in Q3 2023.
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SKYX Platforms Corp. (NASDAQ:SKYX) to Host Q3 2023 Investor Update Call for its Highly Disruptive Platform Technology with Over 77 Pending and Issued Patents Globally
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SKYX Platforms Corp. (NASDAQ:SKYX) announces Q3 2023 investor update call with key executives to discuss the company's disruptive platform technology, mission, and global patents. The call will take place on November 13, 2023, at 4:30 p.m. Eastern time. Dial-in and webcast details provided.
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SKYX Technologies (NASDAQ:SKYX) will be a main event at the International Builders' Show 2024, showcasing its advanced smart home technologies. The company's patented technology has won five Consumer Electronic Show Awards and is expected to significantly enhance real-estate value for developers and homeowners.
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SKYX Technologies, a disruptive platform technology company, will showcase its patented smart home platform technology at TheRealDeal's Miami Experience event. The technology, which won five CES Awards, allows builders to make homes smart and safe instantly. Over 4,000 high-end real estate developers and professionals will have the opportunity to learn about SKYX's innovative solution.
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FAQ

What is the current stock price of SKYX Platforms (SKYX)?

The current stock price of SKYX Platforms (SKYX) is $1.18 as of March 10, 2025.

What is the market cap of SKYX Platforms (SKYX)?

The market cap of SKYX Platforms (SKYX) is approximately 128.1M.

What is the primary business of SKYX Platforms Corp?

SKYX Platforms Corp develops advanced plug & play technology for electrical fixtures, focusing on safe and efficient installation solutions.

How does SKYX Platforms generate revenue?

The company earns revenue from the sale and licensing of its patented hardware solutions and through its network of digital retail platforms catering to both residential and professional markets.

What differentiates SKYX Platforms’ technology?

Their proprietary design, featuring a secure, weight-bearing socket and a revolving plug with conductive rings, simplifies installation while enhancing safety and efficiency.

Which markets does SKYX Platforms primarily serve?

SKYX Platforms serves a diverse market, including residential, commercial, hospitality, and e-commerce channels, with a primary focus on the United States.

What role does the patent portfolio play for SKYX Platforms?

The extensive portfolio of patents reinforces their competitive advantage by protecting their innovative designs and technological methods from replication by competitors.

How does the technology improve installation processes?

The plug & play nature of their technology reduces installation time and complexity, ensuring that electrical fixtures are installed safely and efficiently without extensive wiring.

What safety benefits are associated with SKYX Platforms’ products?

Their design emphasizes nonconductive structural elements combined with conductive rings, ensuring that electrical appliances are securely connected and reducing the risk of installation errors.

How are strategic partnerships important to SKYX Platforms?

Collaborations with industry players in hospitality, high-end real estate, and e-commerce help expand their market reach and validate their innovative technology through practical applications.
SKYX Platforms

Nasdaq:SKYX

SKYX Rankings

SKYX Stock Data

128.13M
64.07M
40.62%
7.28%
3.15%
Electrical Equipment & Parts
Electric Lighting & Wiring Equipment
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United States
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