SKYX Platforms Corp., a smart home technology company, has announced significant corporate developments including new retail partnerships, artificial intelligence collaboration, and progress toward safety standardization that could impact millions of homes and buildings. The company reported raising over $33 million from fundamental institutions and existing investors since September 2025, strengthening its balance sheet for growth initiatives.
The company has launched its patented SKYFAN and Turbo Heater products at Home Depot, including a new SkyPlug branding page on the retailer's website. Additionally, SKYX has expanded distribution of its Turbo Heater Fan to Target, Walmart, Lowe's, and its own e-commerce platform consisting of 60 websites. This retail expansion represents a significant market penetration strategy for the company's plug-and-play smart home technologies.
SKYX announced a collaboration with NVIDIA through the AI Ecosystem Connect Program, with expectations to grow this partnership into existing and future smart home projects. The company plans to launch new AI-driven software for its e-commerce platform that could increase conversion rates and sales by up to 30%. This technological advancement aligns with the company's focus on recurring revenue opportunities through AI services, monitoring, and subscriptions.
The company reported seven consecutive quarters of revenue growth from Q1 2024 through Q3 2025 and anticipates continued quarterly growth. SKYX expects to deploy over 100,000 of its products into homes and units by the end of 2026 through retail and professional segments. Larger projects include supplying technology to smart home communities in North Carolina, Texas, Florida, and international developments in Saudi Arabia and Egypt, with expectations to deploy over one million units across these initiatives.
Safety standardization represents a potentially transformative development for the industry. SKYX's Safety Code Standardization Team, led by former National Electrical Code head Mark Earley and former American Lighting Association CEO Eric Jacobson, is progressing toward mandatory safety standardization for its ceiling outlet/receptacle technology. The product has received ANSI/NEMA specification approval voting and has been voted into 10 segments in the NEC Code Book.
The company believes its products could save insurance companies billions of dollars annually by reducing fires, ladder falls, and electrocutions. Management expects insurance companies will begin recommending its products once the full range of safe advanced plug-and-play offerings is complete. This safety focus addresses significant risks in current building electrical systems while enabling easier installation of lighting, fans, and smart home products.
SKYX has demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment during 2026. The Shaner Group, owner and developer of more than 70 hotels worldwide, led a $16.5 million investment round. The company has secured strategic manufacturing partnerships in the United States, Vietnam, Taiwan, China, and Cambodia to support its expanding operations.
The company's total addressable market in the United States is estimated at approximately $500 billion with over 4.2 billion ceiling applications. Expected revenue streams include product sales, royalties, licensing, subscriptions, monitoring, and sale of global country rights. SKYX has extended and converted $13.5 million in notes with maturity extended to 2030, providing additional financial stability as the company progresses toward sustained cash-flow generation and profitability.
