SKYX Collaborating with U.S. Leading Prefabricated Home Manufacturer Cavco Homes
SKYX Platforms Corp. (NASDAQ: SKYX) announces collaboration with Cavco Industries, a leading U.S. prefabricated home manufacturer, to implement SKYX's advanced and smart plug & play technologies in Cavco's premium homes. The partnership will debut at the International Builders' Show (IBS) in Las Vegas from February 25-27, 2025, featuring Cavco's high-end models including Skye View and Bungalow.
Cavco, which has sold nearly one million homes since inception and currently sells approximately 20,000 units annually, will integrate SKYX's technology to enhance safety, smart capabilities, and time efficiency in their premium prefabricated homes. The collaboration aims to establish SKYX's platform as a new construction standard, offering instant smart home capabilities while reducing costs for developers and adding value for homeowners.
SKYX Platforms Corp. (NASDAQ: SKYX) annuncia una collaborazione con Cavco Industries, un importante produttore di case prefabbricate negli Stati Uniti, per implementare le avanzate e intelligenti tecnologie plug & play di SKYX nelle case premium di Cavco. La partnership debutterà all'International Builders' Show (IBS) a Las Vegas dal 25 al 27 febbraio 2025, presentando i modelli di alta gamma di Cavco, tra cui Skye View e Bungalow.
Cavco, che ha venduto quasi un milione di case dalla sua fondazione e attualmente vende circa 20.000 unità all'anno, integrerà la tecnologia di SKYX per migliorare la sicurezza, le capacità intelligenti e l'efficienza temporale nelle loro case prefabbricate premium. La collaborazione mira a stabilire la piattaforma di SKYX come nuovo standard di costruzione, offrendo capacità di smart home istantanee, riducendo i costi per i costruttori e aumentando il valore per i proprietari di casa.
SKYX Platforms Corp. (NASDAQ: SKYX) anuncia una colaboración con Cavco Industries, un destacado fabricante de casas prefabricadas en EE. UU., para implementar las avanzadas y inteligentes tecnologías plug & play de SKYX en las casas premium de Cavco. La asociación se presentará en el International Builders' Show (IBS) en Las Vegas del 25 al 27 de febrero de 2025, mostrando los modelos de alta gama de Cavco, incluidos Skye View y Bungalow.
Cavco, que ha vendido casi un millón de casas desde su creación y actualmente vende aproximadamente 20,000 unidades anualmente, integrará la tecnología de SKYX para mejorar la seguridad, las capacidades inteligentes y la eficiencia del tiempo en sus casas prefabricadas premium. La colaboración tiene como objetivo establecer la plataforma de SKYX como un nuevo estándar de construcción, ofreciendo capacidades de hogar inteligente instantáneas, al tiempo que reduce costos para los desarrolladores y añade valor para los propietarios de viviendas.
SKYX Platforms Corp. (NASDAQ: SKYX)는 미국의 선도적인 조립식 주택 제조업체인 Cavco Industries와 협력하여 Cavco의 프리미엄 주택에 SKYX의 첨단 스마트 플러그 앤 플레이 기술을 도입한다고 발표했습니다. 이 파트너십은 2025년 2월 25일부터 27일까지 라스베이거스에서 열리는 국제 건축가 전시회(IBS)에서 데뷔하며, Cavco의 고급 모델인 Skye View와 Bungalow를 선보일 예정입니다.
Cavco는 창립 이후 거의 100만 채의 주택을 판매했으며, 현재 연간 약 20,000 유닛을 판매하고 있습니다. Cavco는 SKYX의 기술을 통합하여 프리미엄 조립식 주택의 안전성, 스마트 기능 및 시간 효율성을 향상시킬 것입니다. 이 협력은 SKYX의 플랫폼을 새로운 건설 표준으로 확립하고, 즉각적인 스마트 홈 기능을 제공하며, 개발자의 비용을 줄이고 주택 소유자에게 가치를 추가하는 것을 목표로 하고 있습니다.
SKYX Platforms Corp. (NASDAQ: SKYX) annonce une collaboration avec Cavco Industries, un fabricant américain de maisons préfabriquées, pour mettre en œuvre les technologies avancées et intelligentes plug & play de SKYX dans les maisons premium de Cavco. Ce partenariat fera ses débuts au International Builders' Show (IBS) à Las Vegas du 25 au 27 février 2025, mettant en avant les modèles haut de gamme de Cavco, y compris Skye View et Bungalow.
Cavco, qui a vendu près d'un million de maisons depuis sa création et qui vend actuellement environ 20 000 unités par an, intégrera la technologie de SKYX pour améliorer la sécurité, les capacités intelligentes et l'efficacité temporelle de ses maisons préfabriquées premium. La collaboration vise à établir la plateforme de SKYX comme un nouveau standard de construction, offrant des capacités de maison intelligente instantanées tout en réduisant les coûts pour les développeurs et en ajoutant de la valeur pour les propriétaires.
SKYX Platforms Corp. (NASDAQ: SKYX) gibt die Zusammenarbeit mit Cavco Industries bekannt, einem führenden Hersteller von Fertighäusern in den USA, um die fortschrittlichen und intelligenten Plug-and-Play-Technologien von SKYX in die Premiumhäuser von Cavco zu integrieren. Die Partnerschaft wird auf der International Builders' Show (IBS) in Las Vegas vom 25. bis 27. Februar 2025 vorgestellt, wobei die hochwertigen Modelle von Cavco, einschließlich Skye View und Bungalow, präsentiert werden.
Cavco, das seit seiner Gründung nahezu eine Million Häuser verkauft hat und derzeit jährlich etwa 20.000 Einheiten verkauft, wird die Technologie von SKYX integrieren, um die Sicherheit, die intelligenten Funktionen und die Zeiteffizienz in ihren Premium-Fertighäusern zu verbessern. Die Zusammenarbeit zielt darauf ab, die Plattform von SKYX als neuen Baustandard zu etablieren, der sofortige Smart-Home-Funktionen bietet, während die Kosten für Entwickler gesenkt und der Wert für Hausbesitzer erhöht wird.
- Partnership with major prefab home manufacturer Cavco, which sells ~20,000 homes annually
- Technology implementation in Cavco's premium home models
- Expansion of market penetration in U.S. and Canada
- Portfolio of 97 issued and pending patents globally
- None.
Insights
This strategic collaboration represents a significant milestone for SKYX Platforms Corp., potentially opening up a substantial new revenue stream in the prefabricated housing market. With Cavco's impressive scale of approximately 20,000 annual unit sales, this partnership could significantly accelerate SKYX's market penetration strategy.
The timing of this announcement, coinciding with the International Builders' Show (IBS), is particularly strategic. IBS is the industry's premier event, offering SKYX an unparalleled platform to showcase its technology to key decision-makers across the construction sector. The selection of Cavco's premium models for the technology integration suggests a focus on higher-margin market segments, where advanced home technology features are increasingly expected by buyers.
SKYX's extensive intellectual property portfolio, comprising over 97 issued and pending patents globally, positions them strongly in the smart home technology space. The collaboration with a leading manufacturer like Cavco validates their technology's commercial viability and could serve as a blueprint for similar partnerships across the industry.
The prefabricated housing market is experiencing significant growth, driven by housing affordability concerns and construction efficiency demands. SKYX's plug & play technology addresses key pain points in this sector - installation time, safety, and smart home integration - potentially creating a compelling value proposition for both manufacturers and end-users.
This partnership could serve as a catalyst for broader industry adoption, particularly given Cavco's influential position in the market. The endorsement from Cavco's National Vice President suggesting SKYX's technology could become "the standard for new construction" is particularly noteworthy, as it indicates potential for significant market expansion beyond this initial collaboration.
SKYX Advanced and Smart Plug & Play Technologies to be utilized in Cavco’s High-End Premium Manufactured Homes at the World Largest Builders’ Show IBS
Since its Inception Cavco Homes is Estimated to Have Sold Nearly 1 Million Homes and Close to 20,000 Homes Annually During the Past Years
As SKYX Continues to Increase its U.S. and Canada Market Penetration, its Technologies will be Used in Cavco’s High-End Homes including the New Leading Premium Homes Skye View and Bungalow Models, in Show Village during the International Builders’ Show in Las Vegas February 25-27, 2025
MIAMI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the "Company" or "SKYX"), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and over 60 lighting and home décor websites, announces it will collaborate with Cavco Industries, Inc., a U.S. leading prefabricated home manufacturer to utilize SKYX’s advanced and smart plug & play technologies in Cavco’s premium prefabricated homes during the International Builders’ Show (IBS). SKYX’s technologies will be used in Cavco’s high-end homes, including their new leading premium homes Skye View and Bungalow models, in Show Village during the International Builders’ Show place in Las Vegas from February 25-27, 2025.
SKYX’s advance and smart plug & play platform technologies makes homes and buildings become advanced, safe, and smart instantly while significantly saving time and cost as well as adding substantial value to developers and homeowners.
Cavco is a leading U.S. manufacturer of prefabricated homes. As a publicly traded company, it ranks among the largest producers of manufactured and modular homes in the nation, renowned for its high-quality, premium designs. Cavco specializes in designing and producing factory-built housing products, which are distributed through an extensive network of independent and company-owned retailers. Since its inception, it is estimated that Cavco has sold nearly one million homes, with recent annual sales approaching 20,000 units.
Tim Gage, National Vice President of Cavco’s Park Models, and Specialty Homes said, “We are excited to utilize SKYX’s game-changing safe plug and play technology in our Cavco Park Model prefabricated homes at the IBS Pro Builder Show Village. We welcome people to visit our premium homes including our Skye View and Bungalow models to see how we utilize SKYX’s technologies. I strongly believe that the SKYX technology can become the standard for new construction, as it provides, safety, time saving, and smart capabilities, while advancing and adding significant value to our homes.”
Rani Kohen, Founder/Inventor and Executive Chairman, of SKYX Platforms, said, “We are truly excited to collaborate with a U.S. leading premium prefabricated home manufacturer such as Cavco during the world’s largest building show, IBS. This is another step toward our goal of making homes and buildings become advanced, safe, and smart as the new standard. We look forward to continuing to demonstrate our advanced smart platform technology’s ability to make homes and buildings become smarter and safer instantly, while significantly advancing buildings and saving time and costs for developers.”
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
What is the scope of SKYX's collaboration with Cavco Industries announced in February 2025?
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How many patents does SKYX (NASDAQ: SKYX) hold globally as of February 2025?
