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SKYX Announces a Collaboration with Wayfair for its Advanced and Smart Plug & Play Lighting for Retail and Professional Segments including Designers and Architects

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SKYX Platforms Corp. (NASDAQ: SKYX) has announced a collaboration with Wayfair, a leading home décor website, to offer its advanced and smart plug & play lighting products. The collaboration will include a variety of SKYX's products such as retrofit kits, smart light fixtures, ceiling fans, recessed lights, and ceiling outlet receptacles. These products are expected to be available on Wayfair's website in the coming weeks.

Steve Schmidt, President of SKYX, views this collaboration as a significant growth opportunity for both companies, highlighting the game-changing nature of SKYX's products for retail and professional segments. Rani Kohen, Founder and Executive Chairman of SKYX, emphasized the importance of this partnership in enhancing market penetration for both retail and professional channels, including architects, designers, and home decorators.

SKYX Platforms Corp. (NASDAQ: SKYX) ha annunciato una collaborazione con Wayfair, un sito di riferimento per l'arredamento della casa, per offrire i suoi avanzati prodotti di illuminazione plug & play. La collaborazione includerà una varietà di prodotti SKYX come kit di retrofit, apparecchi di illuminazione smart, ventilatori da soffitto, luci incassate e prese elettriche da soffitto. Questi prodotti dovrebbero essere disponibili sul sito di Wayfair nelle prossime settimane.

Steve Schmidt, Presidente di SKYX, considera questa collaborazione un'importante opportunità di crescita per entrambe le aziende, evidenziando la natura innovativa dei prodotti SKYX per i segmenti retail e professionale. Rani Kohen, Fondatore e Presidente Esecutivo di SKYX, ha sottolineato l'importanza di questa partnership per migliorare la penetrazione nel mercato sia nei canali retail che professionali, includendo architetti, designer e decoratori d'interni.

SKYX Platforms Corp. (NASDAQ: SKYX) ha anunciado una colaboración con Wayfair, un sitio líder en decoración del hogar, para ofrecer sus avanzados productos de iluminación plug & play. La colaboración incluirá una variedad de productos de SKYX como kits de actualización, luces inteligentes, ventiladores de techo, luces empotradas y tomas de corriente de techo. Se espera que estos productos estén disponibles en el sitio web de Wayfair en las próximas semanas.

Steve Schmidt, Presidente de SKYX, ve esta colaboración como una oportunidad de crecimiento significativa para ambas compañías, destacando la naturaleza transformadora de los productos de SKYX para los segmentos minorista y profesional. Rani Kohen, Fundador y Presidente Ejecutivo de SKYX, enfatizó la importancia de esta asociación para mejorar la penetración en el mercado de los canales tanto minoristas como profesionales, incluyendo arquitectos, diseñadores y decoradores de interiores.

SKYX Platforms Corp. (NASDAQ: SKYX)는 선도적인 홈 декора 웹사이트 Wayfair와 협력하여 고급 스마트 플러그 앤 플레이라는 조명 제품을 제공한다고 발표했습니다. 이 협력에는 리트로핏 키트, 스마트 조명기구, 천장 팬, 매립등 및 천장 콘센트와 같은 다양한 SKYX 제품이 포함됩니다. 이러한 제품은 향후 몇 주 내에 Wayfair 웹사이트에서 제공될 예정입니다.

SKYX의 사장인 Steve Schmidt는 이 협력을 양사 모두에게 중요한 성장 기회로 보고 있으며, 소매 및 전문 부문에서 SKYX 제품의 혁신적인 성격을 강조했습니다. SKYX의 설립자이자 회장인 Rani Kohen는 건축가, 디자이너 및 홈 데코레이터를 포함한 소매 및 전문 채널 모두의 시장 침투를 향상시키는 이 파트너십의 중요성을 강조했습니다.

SKYX Platforms Corp. (NASDAQ: SKYX) a annoncé une collaboration avec Wayfair, un site web de décoration d'intérieur de premier plan, pour offrir ses produits d'éclairage avancés et intelligents plug & play. Cette collaboration comprendra une variété de produits SKYX tels que des kits de rénovation, des luminaires intelligents, des ventilateurs de plafond, des plafonniers encastrés et des prises de courant au plafond. Ces produits devraient être disponibles sur le site de Wayfair dans les semaines à venir.

Steve Schmidt, Président de SKYX, considère cette collaboration comme une opportunité de croissance significative pour les deux entreprises, soulignant le caractère révolutionnaire des produits SKYX pour les segments de détail et professionnels. Rani Kohen, Fondateur et Président Exécutif de SKYX, a souligné l'importance de ce partenariat pour améliorer la pénétration du marché tant dans les canaux de détail que professionnels, y compris les architectes, les designers et les décorateurs d'intérieur.

SKYX Platforms Corp. (NASDAQ: SKYX) hat eine Zusammenarbeit mit Wayfair, einer führenden Website für Wohnkultur, angekündigt, um seine fortschrittlichen und intelligenten Plug-and-Play-Beleuchtungsprodukte anzubieten. Die Zusammenarbeit umfasst eine Vielzahl von SKYX-Produkten wie Retrofit-Kits, intelligente Leuchten, Deckenventilatoren, Einbaustrahler und Deckensteckdosen. Diese Produkte werden voraussichtlich in den kommenden Wochen auf der Website von Wayfair erhältlich sein.

Steve Schmidt, Präsident von SKYX, sieht diese Zusammenarbeit als eine bedeutende Wachstumschance für beide Unternehmen und betont die bahnbrechende Natur von SKYX-Produkten für den Einzelhandels- und Profisektor. Rani Kohen, Gründer und Vorstandsvorsitzender von SKYX, hob die Bedeutung dieser Partnerschaft zur Verbesserung der Marktdurchdringung für den Einzelhandel und professionelle Kanäle hervor, einschließlich Architekten, Designer und Wohnraumgestalter.

Positive
  • Collaboration with Wayfair, a world-leading home décor e-commerce company
  • Expansion into both retail and professional market segments
  • Potential for increased market penetration and growth opportunities
  • Offering a wide range of advanced and smart plug & play products
Negative
  • None.

Insights

SKYX's collaboration with Wayfair marks a significant step in expanding its market reach for smart home technology. The partnership leverages Wayfair's extensive e-commerce platform to showcase SKYX's innovative plug & play lighting and ceiling fan products. This move aligns with the growing smart home trend, potentially accelerating SKYX's market penetration.

The collaboration targets both retail and professional segments, including designers and architects, which could drive adoption of SKYX's technology in various settings. By offering products like smart light fixtures, retrofit kits and ceiling outlet receptacles, SKYX is positioning itself at the forefront of the smart building revolution.

However, while this partnership opens new distribution channels, the actual impact on SKYX's revenue and market share remains to be seen. Investors should monitor the product launch and subsequent sales performance on Wayfair's platform to gauge the collaboration's success and its potential to drive SKYX's growth in the competitive smart home market.

This collaboration represents a strategic move for SKYX to tap into Wayfair's vast customer base and established e-commerce infrastructure. Wayfair's strong presence in the home décor market could significantly boost SKYX's brand visibility and product accessibility.

The timing is opportune, as the smart home market is experiencing rapid growth. By offering a wide range of products from retrofit kits to smart light fixtures, SKYX is well-positioned to capture various consumer segments. The inclusion of professional channels like architects and designers could lead to increased adoption in commercial and high-end residential projects.

However, investors should consider the competitive landscape. The smart home sector is crowded with established players and new entrants. SKYX's success will depend on product differentiation, pricing strategy and the effectiveness of its marketing through Wayfair's platform. While the collaboration is promising, its true impact on SKYX's financial performance and market position will need to be closely monitored in the coming quarters.

SKYX will Offer a Variety of its Advanced and Smart Plug & Play Lighting and Ceiling Fan Products, Plug & Play Retrofit Kits and Recessed Lights, Ceiling Outlet Receptacles, and More

MIAMI, Oct. 16, 2024 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly disruptive smart platform technology company with over 97 issued and pending patents in the U.S. and globally, with a mission to make homes and buildings become smart, safe, and advanced as the new standard, announced today a collaboration with world leading home décor website, Wayfair, for its advanced and smart plug & play products.

SKYX will offer a large variety of its advanced and smart plug & play products including retrofit kits, plug & play smart light fixtures, ceiling fans, recessed lights, and ceiling outlet receptacles, SKYX’s advanced and smart products are expected to be offered on Wayfair’s website in the coming weeks.

Steve Schmidt, President of SKYX, said: “We are truly excited to collaborate with the world leading home décor e-commerce company, Wayfair. I view this collaboration as a great growth opportunity for us and Wayfair, as our technology offers a variety of game changing products for both retail and professional segments that is a growing category for Wayfair.”

Rani Kohen, Founder and Executive Chairman of SKYX, said: “We are thrilled to work together with Wayfair, a world leading home décor company. This is a significant opportunity to enhance our market penetration to both retail and professional channels, including architects, designers, and home decorators.”

  • Video Link to SKYX’s three generations of products Click Here 
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About SKYX Platforms 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 new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 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.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws. 

Investor Relations Contact:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com


FAQ

What products will SKYX offer through its collaboration with Wayfair?

SKYX will offer a variety of advanced and smart plug & play products including retrofit kits, smart light fixtures, ceiling fans, recessed lights, and ceiling outlet receptacles through its collaboration with Wayfair.

When will SKYX's products be available on Wayfair's website?

SKYX's advanced and smart products are expected to be offered on Wayfair's website in the coming weeks.

How many patents does SKYX Platforms Corp. (NASDAQ: SKYX) have?

SKYX Platforms Corp. has over 97 issued and pending patents in the U.S. and globally.

What market segments does SKYX aim to target through the Wayfair collaboration?

SKYX aims to target both retail and professional segments, including architects, designers, and home decorators through its collaboration with Wayfair.

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