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.
SKYX Platforms Corp (SKYX) delivers innovative plug & play electrical solutions revolutionizing building installations through patented smart technology. This news hub provides investors and industry professionals with verified updates on corporate developments, strategic initiatives, and technological advancements.
Access comprehensive coverage of SKYX's latest press releases, including product launches, partnership announcements, and regulatory filings. Our curated collection features earnings reports, executive insights, and market expansion updates – all essential for tracking this leader in electrical safety innovation.
Discover updates across key operational areas: smart home technology deployments, patent portfolio expansions, and strategic collaborations with construction and hospitality leaders. Regular updates ensure you stay informed about SKYX's progress in standardizing safe electrical installations through advanced plug & play systems.
Bookmark this page for streamlined access to SKYX's official communications. Check back frequently for real-time updates on innovations shaping the future of building infrastructure and electrical safety standards.
SKYX Platforms Corp. (NASDAQ:SKYX) has appointed Al Weiss, former President of Worldwide Operations at Walt Disney Parks and Resorts, as a senior business development advisor. With a career spanning 39 years at Disney, Weiss will assist SKYX in forging strategic partnerships and business introductions globally. His expertise is expected to enhance the company's efforts in promoting its innovative technologies aimed at making homes and buildings safer and smarter. This appointment reflects SKYX's commitment to advancing its business objectives and expanding its market presence.
SKYX Platforms Corp (NASDAQ:SKYX) has signed an acquisition agreement with Belami, a lighting and home décor eCommerce company generating $86 million in revenue across 64 websites. This strategic move is designed to enhance SKYY's cash flow, market distribution, and accelerate the introduction of its innovative products. The acquisition is primarily funded through equity payments, with cash fully secured by two leading investors. Financial results for 2022 show a $27 million net loss, driven by increased operational costs, while the company's cash reserves improved to $16.8 million from $10.4 million in 2021. Additionally, SKYX won five awards at CES 2023 for its smart ceiling products.
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