SKYX Announces that it Will Begin Supplying its Products to 140 Commercial Units in January 2025
SKYX Platforms Corp. (NASDAQ: SKYX) has announced it will begin supplying products to developer Jeremiah Baron Companies, starting with 140 commercial units in January 2025. This represents the initial phase of a larger project expected to encompass 1,000 mixed-use residential and commercial units in Florida.
The company will supply various products including ceiling outlet receptacles, smart plug & play platform products, lighting solutions, ceiling fans, recessed lights, EXIT signs, emergency lights, and indoor/outdoor wall lights. The project will involve the delivery of tens of thousands of SKYX's advanced and smart platform technology products throughout the construction period.
SKYX Platforms Corp. (NASDAQ: SKYX) ha annunciato che inizierà a fornire prodotti allo sviluppatore Jeremiah Baron Companies, a partire da 140 unità commerciali a gennaio 2025. Questo rappresenta la fase iniziale di un progetto più ampio che si prevede coinvolgerà 1.000 unità residenziali e commerciali a uso misto in Florida.
La società fornirà vari prodotti tra cui prese di corrente a soffitto, prodotti per piattaforme intelligenti plug & play, soluzioni di illuminazione, ventilatori a soffitto, luci incassate, segnali di uscita, luci di emergenza e luci da parete per interni/esterni. Il progetto prevede la consegna di decine di migliaia di prodotti avanzati e tecnologici di SKYX durante il periodo di costruzione.
SKYX Platforms Corp. (NASDAQ: SKYX) ha anunciado que comenzará a suministrar productos al desarrollador Jeremiah Baron Companies, comenzando con 140 unidades comerciales en enero de 2025. Esto representa la fase inicial de un proyecto más grande que se espera abarque 1,000 unidades residenciales y comerciales de uso mixto en Florida.
La empresa proporcionará varios productos que incluyen enchufes de techo, productos de plataformas inteligentes plug & play, soluciones de iluminación, ventiladores de techo, luces empotradas, señales de salida, luces de emergencia y luces de pared para interiores/exteriores. El proyecto implicará la entrega de decenas de miles de los productos avanzados y tecnológicos de SKYX a lo largo del período de construcción.
SKYX Platforms Corp. (NASDAQ: SKYX)는 2025년 1월부터 개발자 Jeremiah Baron Companies에 140개의 상업용 유닛을 공급할 것이라고 발표했습니다. 이는 플로리다에서 1,000개의 혼합 사용 주거 및 상업 유닛을 포함할 것으로 예상되는 더 큰 프로젝트의 초기 단계입니다.
회사는 천장 콘센트, 스마트 플러그 앤 플레이 플랫폼 제품, 조명 솔루션, 천장 팬, 매립 조명, 비상구 표시등, 비상 조명, 실내/외 벽등 등 다양한 제품을 공급할 예정입니다. 이 프로젝트는 건설 기간 동안 SKYX의 고급 기술 제품 수만 개를 전달하는 것을 포함할 것입니다.
SKYX Platforms Corp. (NASDAQ: SKYX) a annoncé qu'elle commencera à fournir des produits au développeur Jeremiah Baron Companies, avec un début de 140 unités commerciales en janvier 2025. Cela représente la phase initiale d'un projet plus vaste qui devrait inclure 1 000 unités résidentielles et commerciales à usage mixte en Floride.
La société fournira divers produits, y compris des prises de plafond, des produits de plateforme intelligents plug & play, des solutions d'éclairage, des ventilateurs de plafond, des lumières encastrées, des panneaux de sortie, des lumières d'urgence et des lumières murales intérieures/extérieures. Le projet impliquera la livraison de dizaines de milliers de produits avancés et de technologie de plateforme de SKYX tout au long de la période de construction.
SKYX Platforms Corp. (NASDAQ: SKYX) hat angekündigt, dass sie ab Januar 2025 Produkte an den Entwickler Jeremiah Baron Companies liefern wird, beginnend mit 140 gewerblichen Einheiten. Dies stellt die erste Phase eines größeren Projekts dar, das voraussichtlich 1.000 gemischt genutzte Wohn- und Geschäftseinheiten in Florida umfassen wird.
Das Unternehmen wird verschiedene Produkte liefern, darunter Deckensteckdosen, intelligente Plug & Play-Plattformprodukte, Beleuchtungslösungen, Deckenventilatoren, Einbauleuchten, EXIT-Schilder, Notbeleuchtung und Innen-/Außenwandlichter. Das Projekt wird die Lieferung von Zehntausenden von fortschrittlichen und intelligenten Plattformtechnologieprodukten von SKYX während der Bauzeit umfassen.
- Secured contract for initial 140 commercial units with potential expansion to 1,000 mixed-use units
- Project involves delivery of tens of thousands of products across multiple categories
- Geographic expansion in Florida market
- Revenue impact and contract value not disclosed
- Exact timeline for full project completion not specified
Insights
The announced supply deal with Jeremiah Baron Companies represents a small but tangible commercial validation for SKYX's smart building technology platform. The initial phase covering 140 commercial units is modest, but the potential expansion to 1,000 mixed-use units shows promising scalability. For context, a typical commercial unit installation could require anywhere from 50-200 smart devices, suggesting this initial rollout may involve 7,000-28,000 units.
The real value proposition lies in the developer's adoption of SKYX's full ecosystem of products - from basic ceiling outlets to smart lighting and emergency systems. This comprehensive integration could translate to $500-2,000 per commercial unit in product revenue, depending on specifications. The developer's focus on cost and time savings through SKYX's plug & play platform indicates strong product-market fit in the commercial construction sector.
SKYX's platform approach is strategically positioned at the intersection of two growing markets: smart building technology and safety-focused construction products. The company's extensive patent portfolio (97 pending/issued) provides meaningful IP protection, while their network of 60+ lighting and décor websites offers multiple distribution channels.
The deal structure - starting with a smaller initial deployment before expanding to larger projects - allows for operational validation and risk management. For a company with a market cap of
The timing of this deal is notable, with deliveries scheduled to begin immediately in January 2025. This suggests SKYX has confidence in their supply chain readiness and inventory positions. The phased approach to product delivery throughout the construction timeline helps manage working capital requirements and production scheduling.
The broad product mix - including emergency lighting, EXIT signs and various smart devices - demonstrates supply chain complexity that will require careful management. Success with this initial 140-unit deployment could serve as a valuable reference case for securing similar developer partnerships, potentially creating a scalable business model in the commercial construction sector.
As SKYX Continues to Grow its Market Penetration, it is Expected to Supply Developer Jeremiah Baron Companies Products to a Total of 1000 Mixed-Use Residential and Commercial Units
The Products that are Expected to be Supplied to the Mixed-Use Project will include Ceiling Outlet Receptacles, Smart Plug & Play Platform Products including Lighting, Ceiling Fans, Recessed Lights, EXIT Signs, Emergency Lights, Down Lights, and Indoor and Outdoor Wall Lights
MIAMI, Jan. 15, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the "Company" or "SKYX"), a highly disruptive smart platform technology company with more than 97 issued and pending patents globally and over 60 lighting and home décor websites, announces that it will start supplying its products to developer Jeremiah Baron Companies for 140 commercial units representing the initial rollout of overall projects.
During the course of the projects, SKYX is expected to deliver tens of thousands of its products, representing a variety of its advanced and smart platform technology plug & play products. Delivery is expected to start in January 2025 and to continue throughout the construction of the developments in the state of Florida.
Rani Kohen, Founder/Inventor and Executive Chairman, of SKYX Platforms, said: “This is another step towards our goal of making homes and buildings become advanced, safe, and smart as the new standard. We are eager to continue to demonstrate our advanced smart platform technology’s ability to instantly make homes and buildings become advanced, safe, and smart.”
Jeremiah Baron, CEO and Founder of Jeremiah Baron Companies, said: “We are looking forward to developing and providing safe, smart, and advanced residential and commercial projects utilizing SKYX’s game changing technologies. This enables us to create substantial added value to our homes and buildings as well as for our customers, while realizing significant cost and time savings.” About Jeremiah Baron, click here: https://jeremiahbaroncompanies.com
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. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. 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
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