This partnership brings SKYX's advanced and smart products to both professional and retail markets.
This collaboration agreement provides SKYX with substantial support in multiple areas, including finance, mass production capacity, and sales to global markets.
MIAMI, April 25, 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 90 issued and pending patents and more than 60 lighting and interior decoration websites worldwide, the company is a leading global lighting supplier and manufacturer in China, Ruee Appliances, and the United States, China, and We have announced a new partnership for the European market. This partnership provides SKYX with substantial support in several areas, including finance, high-volume manufacturing capabilities, and sales to global markets.
This collaboration agreement is expected to improve operational and logistics efficiency and significantly increase SKYX's gross margins on product sales.
SKYX's technology makes homes and buildings advanced, smart and safe, creating significant value for real estate developers and homeowners.
SKYX recently announced record annual sales of $58.8 million and a five-year global licensing partnership agreement with General Electric (GE) to license SKYX's patented advanced smart home platform technology. announced several partnerships, including a partnership with Kichler, the world's leading lighting company. We have partnered with Quoizel, a major lighting manufacturer in the United States, and have begun sales to the Canadian market. The company continues to strengthen its market penetration into both the retail and specialty sectors through its global e-commerce platform of over 60 websites for lighting and home décor products.
“This partnership marks an important milestone that will help us expand our technology and products into global markets while strengthening our financial foundation,” said Lani Cohen, Founder and Executive Chairman of SKYX. Ta. Key to our growth strategy is partnering with industry leaders who support our vision for growth and innovation in the smart home and lighting space. We plan to announce even more impactful collaborations as we drive next-generation technology solutions. ”
About SKYX Platforms Co., Ltd.
Electricity is the standard in every home and building, so our mission is to make homes and buildings the new standard, safe, advanced and smart. SKYX has a series of highly disruptive advanced safe smart platform technologies with over 90 U.S. and global patents and patent applications pending. Additionally, we have over 60 lighting and interior decoration websites in both the retail and commercial sectors. Our technology emphasizes high quality and ease of use, and greatly improves both the safety and quality of life in homes and buildings. We believe our products are a must-have for every room in homes and other buildings in the United States and around the world. For more information, please visit our website https://skyplug.com/ or follow us on LinkedIn.
Forward-looking statements
Certain statements made in this press release are not based on historical fact and are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “anticipates,” “anticipates,” “believes,” “could,” “could,” “continue” and similar expressions. “estimate”, “expect”, “evaluate”, “predict”, “guidance”, “intend”, “likely”, “might”, “might”, “objective”, “progress” “medium'', “forecast'', “plan'', “possibility'', “forecast'', “likely'', “plan'', “seek'', “should'', “aim'', “see'' , “will,” “will,” or the negative thereof, or other variations, or comparable terminology, but not all forward-looking statements include these words. These statements reflect the Company's reasonable judgment regarding future events and are subject to risks, uncertainties and other factors. Many of them involve consequences that are difficult to predict and may be beyond our control and could cause actual outcomes or outcomes to differ. This material contains excerpts from the forward-looking statements contained herein. Such risks and uncertainties include the ability to launch, commercialize, develop additional features and functionality of our products, achieve market acceptance of our products and technologies, and the integration of our products and technologies with third-party platforms or technologies. Contains statements about abilities. our efforts and ability to drive the adoption of our products and technologies as standard features, including for use in homes, hotels, offices and cruise ships; the Company's ability to gain market share; estimates of potential addressable markets and demand for our products and technologies; our ability to raise additional capital to support our business operations as needed; However, it may not be possible to procure it on acceptable terms or at all. the Company's ability to continue as a going concern; our ability to pursue sales, licensing or other strategic opportunities; the possibility that any of our products may become National Electrical Code (NEC) codes or codes required by other jurisdictions, or the possibility that our current or future products or technologies may be adopted by any state; , local government, within a certain period of time, or at all. risks arising from mergers, acquisitions, joint ventures and other partnerships; the Company's ability to attract and retain key executives and talented personnel; This guidance is provided by management and may differ from our actual results of operations. the potential impact of volatile market and economic conditions on our 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. We cannot make any guarantees regarding the above matters. Any forward-looking statements speak only as of the date of this press release, and, except as required by the United States, the Company does not make any forward-looking statements, whether as a result of new information, future events or otherwise. We undertake no obligation to update or revise any information contained herein. Federal securities laws.
Investor Information Contact:
Jeff Lamson
PCG Advisory
jramson@pcgadvisory.com