SKYX Platforms Corp. has announced multiple corporate developments including new retail partnerships, a collaboration with NVIDIA, and progress toward safety standardization for its products. The company reported raising over $33 million in recent investments from fundamental institutions, strengthening its balance sheet for growth initiatives. The company has launched its patented SKYFAN and Turbo Heater products at major U.S. retailers including Home Depot, where it has established a new SkyPlug branding page. Additional launches have occurred at Target, Walmart, Lowe's, and across the company's e-commerce platform consisting of 60 websites. SKYX expects to deploy over 100,000 of its products into homes and units by the end of 2026 through both retail and professional segments.
SKYX announced a collaboration with NVIDIA through the AI Ecosystem Connect Program, which the company expects to expand into existing and future smart home projects. The company also plans to launch new AI-driven software for its e-commerce platform, anticipating conversion rate and sales increases of up to 30%. The company's safety code standardization team, led by former National Electrical Code head Mark Earley and former American Lighting Association president Eric Jacobson, continues working toward mandatory safety standardization for its ceiling outlet and receptacle technology. The team has received support from a new prominent leader in government safety agency processes and believes the technology has met necessary safety conditions for becoming a ceiling safety standardization requirement.
SKYX reported revenue growth for seven consecutive comparable quarters from Q1 2024 through Q3 2025 and expects continued quarterly growth. The company anticipates securing additional significant business opportunities in 2026, including supplying its technologies to projects in North Carolina, Austin, San Antonio, Miami's $4 billion smart city development, Saudi Arabia, and Egypt. Through these projects, SKYX expects to deploy over 1 million units of its plug-and-play technologies. The company has demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment in 2026. Marriott chain owner The Shaner Group, which owns and develops more than 70 hotels worldwide, led a $16.5 million investment round. SKYX has secured strategic manufacturing partnerships in the U.S., Vietnam, Taiwan, China, and Cambodia.
Management believes the company's products could save insurance companies billions of dollars annually by reducing fires, ladder falls, and electrocutions, and expects insurance companies to begin recommending the products once the full range is completed. The company's technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions. The expansion into major retailers like Home Depot and collaboration with technology leaders like NVIDIA represent significant milestones in bringing safer, smarter home technologies to mainstream markets while establishing industry standards that could transform electrical safety practices globally.
