SKYX.O News & Events

SKYX Platforms will supply its technologies to a new contemporary residential project in Pittsford, New York. The apartment complex will include 171 new residential units. The project is led by the Daniele Management & Development Group, which has over 20 years of experience developing mixed-use communities, apartment buildings, residential homes, and hotels in the New York area and beyond. The project will include a range of amenities, including an in-house resident clubhouse, a state-of-the-art fitness center, modern meeting and conference facilities, landscaped green spaces, access to the Erie Canal walking trail, an outdoor community piazza, underground garage heated parking, and many other lifestyle-focused amenities. SKYX is expected to supply 10,000 units of its advanced and smart plug & play technologies, including ceiling lighting, recessed lights, downlights, wall lights, EXIT signs, EMERGENCY lights, plug-in LED backlight mirrors and other SKYX products.

The company said, "Since reporting $13M in total cash, cash equivalents, restricted cash, and receivables as of September 30, 2025, the Company has raised over $33M in cash from fundamental institutions and existing investors, with a $25 million investment from one fundamental institution at $2.50 per share in straight common with no warrants. All investments were made with no warrants. In light of its strengthened balance sheet following recent capital raises, management believes the Company is well capitalized to execute its growth initiatives while progressing toward sustained cash-flow generation and profitability. Company has extended and converted $13.5M in notes coming due with maturity out to 5 years until 2030. SKYX will be launching a new AI driven software for its e-commerce platform of 60 websites, expected to increase its conversion rate and sales up to 30%. SKYX has successfully demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment during 2026. Marriott Hotel chain owner, The Shaner Group, led a $16.5M round. The Shaner Group is an owner and developer of more than 70 hotels worldwide. SKYX revenues increased for 7 prior period comparable quarters from Q1 2024 through Q3 2025 and are expected to continue to grow. Company is expecting to secure additional significant business opportunities in 2026. SKYX continues its growth and expects to deploy over 100,000 of its products into homes/units during 2026 through retail and pro segments. SKYX's technologies expansion provides additional opportunities for future recurring revenues through interchangeability, upgrades, AI services, monitoring, subscriptions, and more. The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including in the U.S., Vietnam, Taiwan, China, and Cambodia."

SKYX Platforms (SKYX) will launch its newly patented all-in-one ceiling plug & play SKYFAN & TURBO HEATER at Walmart (WMT). Management anticipates significant growth in its Walmart business during 2026.