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A Recent IPO, a $15 Bullish Price Target and a Partnership with GE (General Electric) & Over 60 Global Patents and patent pending, Could Put This Smart Home Innovator on the Map!

With a $23.1M IPO Earlier this year, and a soon to be launch of its products, SKYX Platforms Corp. (NASDAQ: SKYX) is a smart home innovator bringing a new Global Safety standard that could be used in homes around the world!

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    SKYX Platforms Corp. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.

    Significantly enhancing safety in homes and buildings as well as smart home lifestyle, SKYX Platforms Corp. (NASDAQ: SKYX) has highly disruptive smart platform technologies and over 60 issued and pending patents globally.

    The need for home automation is increasing by leaps and bounds on low energy consumption, which eventually leads to lesser household expenses and reduced carbon footprint. 

    The smart home sector is expected to see significant growth in the future and this emerging company on the NASDAQ could be positioned to become a primary player.

    "We truly believe that our patented smart-safe platform technologies will revolutionize the smart home and lighting industries, by saving lives, time, cost and simplifying the process. Our platform technology will significantly enhance all around home safety as well as smart home capabilities, while fulfilling our mission to make homes and buildings become smart and safe as the new standard."

    - Rani Kohen, Executive Chairman of SKYX Platforms

    Historic U.S. Standardization Approval Vote

    SKYX recently achieved historic U.S. standardization approval vote by ANSI / NEMA, the American National Standards Institute (ANSI) and the National Electrical Manufacturers Association (NEMA), for its safe plug & play ceiling outlet/receptacle.

    The smart home space has plenty of room to grow in the United States and the world making SKYX Platforms Corp. (NASDAQ: SKYX) a key player to keep your eyes on!

    HIGHLIGHTS:
    • Highly disruptive smart platform technologies and over 60 issued and pending patents globally.
    • As electricity is a standard in every home and building, the company’s mission is to make homes and buildings safer and smarter.
    • Skyx Platforms is covered by Benchmark analyst Michael Legg with a price target of $15.
    • Moving towards the commercialization of its flagship product line, which some believe opens up a large market opportunity.
    • In partnership with General Electric, Skyx Platforms has created a novel way for homeowners to mount ceiling fans.
    • With only minutes to install per room, Sky‘s Smart Platform can make commercial buildings and hotels safe and smart, with an installation process significantly shorter than traditional installations.
    • With only minutes to install per room, Sky‘s Smart Platform can make a large home Safe & Smart WITHIN JUST HOURS compared to existing technologies.
    • There is an average of 32,120 home fires per year and 430 civilian deaths per year associated with lighting products.
    • Mark Earley the former head of the NEC, for 33 years, has joined SKYX to lead its code team in achieving a US standard for the Sky Receptacle. Mr. Earley is also a leading member of the IEC (International Electrical Code) and it is expected that the Sky Receptacle will be adopted in additional countries.
    • The company has an upcoming public relations campaign to highlight the life-saving aspects, home safety benefits, cost savings, time savings and smart features of their products.
    THE COMPANY

    SKYX is a maker of smart devices, ceiling fixtures and various types of smart home appliances. 

    Its first-generation technology offerings include wall and ceiling receptacles which make it possible to install light fixtures, ceiling fans and other electrically wired items into the electrical outlet box in the ceiling with minimal exposure to wires, making the installation process safe and efficient.

    With more than 15 authorized patents and 60 patent applications, SKYX has pioneered a number of cutting-edge smart platform technologies for residential use. 

    The company's products have the dual goals of improving the security and usability of smart home gadgets while also bringing benefits in terms of time and money savings and ease of use.

    Products are expected to be launched in the second half of 2022.

    Key revenue streams apart from product sales are expected to be in the form of licensing its intellectual property and selling country-specific rights in non-U.S. markets. 

    SKYX has licensing and branding agreements in place with General Electric (NYSE:GE) allowing for use of the GE logo and branding on its products, which should enhance consumer appeal and confidence in the the quality of the product.

    Overview

    Check out the company’s product platform here: https://skyplug.com/products/ 

    • Sky Plug & Play Ceiling Receptacle based on its safety aspects voted into the National Electric Code (NEC), making it the most significant code addition in 40 years
    • All-in-One Smart Home Solution, the Sky Platform, is installed in the ceiling in homes to integrate a variety of smart home sensors and safety features that can integrate with voice assistants.
    • Two Global Licensing & Branding Agreements with General Electric (GE)
    • Robust Intellectual Property Suite includes 60 global patents and patent-pending applications with 15 issued patents.
    • Immense $500B U.S. Addressable Market.
    • Expected Revenue Streams include product sales, royalties/licensing, subscription monitoring and sale of global country rights.

    The Significance Of the NEC (National Electrical Code

    • The NEC is the U.S. National Building Code for Electrical. Their focus is on improving safety in U.S. homes and buildings.
    • The Sky Plug and receptacle was voted 10 times into the NEC (National Electrical Code Book) and has 10 different segments.
    • One of the key votes and segments in the NEC Code Book was the change of the definition of the ”receptacle,” making it one of the most significant additions to the NEC code in the past 40 years.
    • The NEC leads the US and Global electrical safety standards and is adopted by other countries around the world.
    • The Sky Receptacle enables builders to expedite and achieve their CO (Certificate of Occupancy) without the need to install a light fixture.

    The Opportunity

    What makes smart home technology important? Conservation of resources, wellness, usability, entertainment and security has made smart home products important and attractive. For instance, it ensures owners save electricity and reduce power and water bills, creating an optimal or comfortable ecosystem indoors while keeping outside environmental conditions in consideration.

    President Joe Biden has set a target to achieve net-zero emissions by no later than 2050 and plans to upgrade 4 million buildings and weatherize 2 million homes over the next four years. 

    The U.S. House just passed a landmark healthcare and climate bill. In fact, it is America’s first ever climate legislation to pass.

    According to a Fortune Business Insights report, the global smart home market size stood at $79.9 billion in 2018 and is expected to reach $622.59 billion in 2026, at an astonishing CAGR of 29.3%.

    THE BOTTOM LINE

    SKYX’s technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. 

    The company believes that their products are a necessity in EVERY room in both homes and other buildings in the U.S. and globally. 

    It wasn’t that long ago that the company successfully completed its upsized $23.1 million initial public offering (IPO) on the Nasdaq Capital Market.

    SKYX has placed initial production orders for hundreds of thousands of Sky safe smart home products - positioning the Company for its initial commercialization planned for the second half of 2022.

    "As we completed our IPO in mid-February, we have sufficient cash and are eager to start our pre-sales and PR campaign in the second half of this year, with validation by various industry leaders who clearly see the potential that our safe smart SkyPlug brings to countless industries."

    John Campi, CEO of Sky Technologies

    It looks like everything is about to get in motion this second half of 2022 for SKYX and now is the time to have the company high on your radar!

    HURRY AND START YOUR RESEARCH TODAY!
    SKYX Platforms Corp. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.

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