SKYX Collaborates with JIT Electrical Supply, Leading Builder Supplier of Electrical, Lighting and Ceiling Fan Products
SKYX Platforms Corp (NASDAQ: SKYX) has announced a new collaboration with JIT Electrical Supply, a leading supplier that has provided electrical products to over 100,000 U.S. homes. Under this partnership, SKYX will supply JIT with its advanced and smart Plug & Play products, including lighting fixtures, ceiling fans, recessed lights, EXIT signs, emergency lights, and various indoor and outdoor lighting solutions.
The implementation is scheduled to begin in early 2025, aiming to enhance SKYX's presence in the builder and professional segments. JIT's CEO Bob Hill highlighted SKYX's technology as the most disruptive advancement in the lighting industry since LED, emphasizing its safety features, time and cost savings, and smart home capabilities.
SKYX Platforms Corp (NASDAQ: SKYX) ha annunciato una nuova collaborazione con JIT Electrical Supply, un fornitore leader che ha fornito prodotti elettrici a oltre 100.000 case negli Stati Uniti. Nell'ambito di questa partnership, SKYX fornirà a JIT i suoi avanzati e intelligenti prodotti Plug & Play, tra cui lampade, ventilatori da soffitto, luci incassate, segnali EXIT, luci di emergenza e varie soluzioni di illuminazione interne ed esterne.
L'implementazione è programmata per iniziare all'inizio del 2025, con l'obiettivo di migliorare la presenza di SKYX nei segmenti di costruzione e professionali. Il CEO di JIT, Bob Hill, ha enfatizzato la tecnologia di SKYX come il progresso più dirompente nell'industria dell'illuminazione dai LED, sottolineando le sue caratteristiche di sicurezza, i risparmi di tempo e costi, e le capacità di smart home.
SKYX Platforms Corp (NASDAQ: SKYX) ha anunciado una nueva colaboración con JIT Electrical Supply, un proveedor líder que ha suministrado productos eléctricos a más de 100,000 hogares en EE.UU. En virtud de esta asociación, SKYX proporcionará a JIT sus avanzados e inteligentes productos Plug & Play, incluyendo luminarias, ventiladores de techo, luces empotradas, señalización de salida, luces de emergencia y diversas soluciones de iluminación para interiores y exteriores.
La implementación está programada para comenzar a principios de 2025, con el objetivo de mejorar la presencia de SKYX en los segmentos de construcción y profesionales. El CEO de JIT, Bob Hill, destacó la tecnología de SKYX como el avance más disruptivo en la industria de la iluminación desde el LED, haciendo hincapié en sus características de seguridad, ahorros de tiempo y costos, y capacidades para hogares inteligentes.
SKYX Platforms Corp (NASDAQ: SKYX)는 미국 내 100,000개 이상의 주택에 전기 제품을 공급해 온 선도적인 공급 업체인 JIT Electrical Supply와의 새로운 협업을 발표했습니다. 이 파트너십의 일환으로 SKYX는 JIT에게 조명 기구, 천장 팬, 매립 조명, EXIT 표지판, 비상 조명 및 다양한 실내외 조명 솔루션을 포함한 고급 스마트 Plug & Play 제품을 공급할 예정입니다.
구현은 2025년 초에 시작될 예정이며, SKYX의 건축 및 전문 분야 내 입지를 강화하는 것을 목표로 하고 있습니다. JIT의 CEO인 Bob Hill은 SKYX의 기술이 LED 이후 조명 산업에서 가장 파괴적인 발전이라고 강조하며, 안전 기능과 시간 및 비용 절감, 스마트 홈 기능을 강조했습니다.
SKYX Platforms Corp (NASDAQ: SKYX) a annoncé un nouveau partenariat avec JIT Electrical Supply, un fournisseur leader qui a fourni des produits électriques à plus de 100 000 foyers américains. Dans le cadre de ce partenariat, SKYX fournira à JIT ses produits Plug & Play avancés et intelligents, notamment des luminaires, des ventilateurs de plafond, des éclairages encastrés, des panneaux EXIT, des lumières d'urgence et diverses solutions d'éclairage intérieur et extérieur.
La mise en œuvre est prévue pour débuter début 2025, dans le but d'améliorer la présence de SKYX dans les segments de la construction et des professionnels. Le PDG de JIT, Bob Hill, a souligné que la technologie de SKYX représente l'évolution la plus disruptive dans le secteur de l'éclairage depuis les LED, en mettant l'accent sur ses caractéristiques de sécurité, ses économies de temps et de coûts, ainsi que ses capacités pour les maisons intelligentes.
SKYX Platforms Corp (NASDAQ: SKYX) hat eine neue Zusammenarbeit mit JIT Electrical Supply angekündigt, einem führenden Anbieter, der über 100.000 US-Haushalte mit elektrischen Produkten beliefert hat. Im Rahmen dieser Partnerschaft wird SKYX JIT mit seinen fortschrittlichen und intelligenten Plug & Play-Produkten beliefern, darunter Beleuchtungskörper, Deckenventilatoren, Einbauleuchten, EXIT-Schilder, Notlicht und verschiedene Lösungen für Innen- und Außenbeleuchtung.
Die Umsetzung ist für Anfang 2025 geplant und zielt darauf ab, die Präsenz von SKYX im Bau- und Profisegment zu verbessern. JITs CEO Bob Hill hob die Technologie von SKYX als den disruptivsten Fortschritt in der Beleuchtungsindustrie seit LED hervor und betonte deren Sicherheitsmerkmale, Zeit- und Kosteneinsparungen sowie Smart-Home-Funktionen.
- Strategic partnership with JIT Electrical Supply, which serves over 100,000 U.S. homes
- Expansion into builder and professional segments through established distribution channel
- Product implementation scheduled to begin in early 2025
- Company holds over 97 issued and pending patents globally
- Revenue impact and financial terms of collaboration not disclosed
- Implementation timeline suggests no immediate revenue generation until 2025
Insights
The collaboration with JIT Electrical Supply represents a moderate business development opportunity for SKYX. While JIT's track record of supplying over 100,000 U.S. homes suggests a substantial distribution channel, the delayed implementation timeline to early 2025 tempers immediate impact expectations. The partnership could enhance SKYX's market penetration in the builder segment, leveraging JIT's established presence. However, without specific revenue projections or contract values, it's challenging to quantify the financial impact. The company's extensive patent portfolio (97 patents) and technological capabilities in smart home solutions provide competitive advantages, but market adoption and execution risks remain.
SKYX's plug & play technology platform shows promise in addressing key industry pain points around installation efficiency and smart home integration. The system's focus on safety features and cost reduction through simplified installation could resonate well with builders and professionals. Their extensive patent protection creates barriers to competition, while the integration of smart features aligns with growing home automation trends. However, the success will largely depend on contractor adoption rates and the system's reliability in real-world applications. The partnership with JIT provides a valuable distribution channel, but the technology must prove its value proposition to overcome traditional installation methods.
Over the Years JIT has Supplied Over 100,000 U.S. Homes With a Full Range of Quality Lighting, Ceiling Fans and Electrical Products
SKYX will provide JIT a full assortment of its Advanced and Smart Plug & Play Products Including Lighting, Ceiling Fans, Recessed Lights, EXIT Signs, Emergency Lights, Down Lights, Indoor and Outdoor Wall Lights and Other
JIT Expects to Start Supplying SKYX’s Advanced Plug & Play Products Early 2025
MIAMI, Dec. 17, 2024 (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 a new collaboration with JIT Electrical Supply, a leading electrical, lighting and ceiling fan supplier to the building and professional industries.
The collaboration is expected to enhance SKYX’s penetration into the builder and professional segments. SKYX’s advanced and smart technologies make homes and buildings smart and safe, while saving time, cost, and creating significant value for property developers and homeowners.
Bob Hill, CEO of JIT Electrical Supply, said: “I am excited to start implementing SKYX’s game changing technologies into our projects in early 2025. SKYX’s advanced plug & play technology is the most disruptive technology for the lighting industry since LED. The safety, time saving, cost saving, advanced and smart home aspects of the technology are game changing for the builder and professional industries.”
Rani Kohen, Founder and Executive Chairman of SKYX, said: “This collaboration is another major step towards the builder and professional segments expanding the applicability and penetration of our technology. SKYX continues to align with industry leaders who support and share in the execution of our vision for growth and innovation in smart home and lighting sectors.”
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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