Sky Technologies Initiates Orders for Hundreds of Thousands of its Generation-1 Safe Smart Plug & Play Products in Preparation for a 2022 Commercial Launch
Sky Technologies (NASDAQ:SKYX) is set to launch its safe smart home products after placing initial production orders for hundreds of thousands of its SkyPlug devices. This commercialization effort is slated for the second half of 2022, facilitated through GE approved factories. The company, having completed its IPO in February, is poised for pre-sales and a public relations campaign to highlight the safety and efficiency benefits of its innovations. Executive leadership emphasizes the goal of establishing new global electrical safety standards and delivering long-term shareholder value.
- Initial production orders for hundreds of thousands of SkyPlug products.
- Commercialization planned for the second half of 2022.
- Sufficient cash available post-IPO to support product launch and marketing efforts.
- Collaboration with GE approved factories for manufacturing.
- None.
MIAMI, FL / ACCESSWIRE / June 1, 2022 / SQL Technologies Corp. (NASDAQ:SKYX) ("Sky Technologies" "Sky" or "the Company"), a Company significantly enhancing safety in homes and buildings as well as smart home lifestyle, with highly disruptive smart platform technologies and over 60 issued and pending patents globally, today announced that the Company has placed initial production orders for hundreds of thousands of Sky safe smart home products - positioning the Company for its initial commercialization planned for the second half of 2022.
Sky Technologies is in the process of initiating orders through General Electric (GE) approved factories for the production of its safe smart connected SkyPlug products. The Company remains on-track for pre-sales to begin in the second half of 2022.
"We are proceeding with our commercialization plan and are initiating orders to produce hundreds of thousands of our advanced smart plug & play products through our GE approved manufacturing partners," said John Campi, CEO of Sky Technologies. "As we completed our IPO in mid-February, we have sufficient cash and are eager to start our pre-sales and PR campaign in the second half of this year, with validation by various industry leaders who clearly see the potential that our safe smart SkyPlug brings to countless industries."
Rani Kohen, Executive Chairman of Sky Technologies, added: "Our upcoming public relations campaign to highlight the life-saving aspects, home safety benefits, cost savings, time savings and smart features of our products will reinforce our message to support our online, retail, wholesale, and OEM product launches. We are excited to create a new global electrical safety standard, creating sustainable, long-term value for our shareholders."
About SQL Technologies Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard.
SQL Technologies Corp. (NASDAQ:SKYX) d/b/a Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com or follow us on LinkedIn.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements, including with respect to the proposed initial public offering. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made and include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, the Company's efforts and ability to drive the adoption of Sky's Plug Smart Platforms into multi-family residential buildings and communities and adoption by hotels, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. Recommendations are not to be construed as, and may not result in, any binding agreements, arrangements or commitments for the use or adoption of the Company's technologies. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us
SOURCE: MZ North America
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