SKYX Announces Production of its New Global Patented Advanced, Smart, Plug & Play Recessed Light
July 11 2024 - 9:14AM
SKYX (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly
disruptive smart platform technology company with over 94 issued
and pending patents in the U.S. and globally, and which owns over
60 lighting and home décor websites with a mission to make homes
and buildings become smart, safe, and advanced as the new standard
announced today that it will start production of its new global
patented advanced, smart, plug & play recessed light.
The global recessed light market is a
multi-billion-unit market. SKYX’s new Plug & Play recessed
light global patents include the U.S., China, Canada, Hong-Kong and
Mexico.
As billions of recessed lights are installed
globally with hazardous electrical wires, SKYX’s recessed light
solution enables an advanced, simple Plug & Play installation
that saves time, cost and lives.
SKYX’s Plug & Play recessed lights can be
controlled through SKYX’s App, Voice Control and Phone and works
with Apple’s Siri, Amazon Alexa, Google Home and Samsung.
SKYX’s Total Addressable Market (TAM) of over $500
billion with its robust versatile U.S. and global patent portfolio
creates tremendous company value and brings the company’s patent
portfolio to a total of over 94 issued and pending patents, 36 of
which are issued patents covering SKYX’s advanced Plug and Play and
smart home platform technologies for safety, smart home, AI,
electrical, lighting and ceiling fan industries.
Rani Kohen, Founder and Executive Chairman of SKYX
Platforms, said, “We are happy to announce that we will start
production of our new patented and advanced, smart, plug
and play recessed lights. Our global robust intellectual property
portfolio in the critical areas of our advanced safe, smart homes
and sensor technologies, position SKYX as a leading technology
provider of advanced smart home platform solutions for the smart
home, AI, electrical, lighting and ceiling fan industries.”
About SKYX Platforms Corp.
As electricity is a standard in every home and
building, our mission is to make homes and buildings become
safe-advanced and smart as the new standard. SKYX has a series of
highly disruptive advanced-safe-smart platform technologies, with
over 94 U.S. and global patents and patent pending applications.
Additionally, the Company owns over 60 lighting and home decor
websites for both retail and commercial segments. Our technologies
place an emphasis on high quality and ease of use, while
significantly enhancing both safety and lifestyle in homes and
buildings. We believe that our products are a necessity in every
room in both homes and other buildings in the U.S. and globally.
For more information, please visit our website
at https://skyplug.com/ or follow us
on LinkedIn.
Forward-Looking StatementsCertain
statements made in this press release are not based on historical
facts, but are forward-looking statements. These statements can be
identified by the use of forward-looking terminology such as “aim,”
“anticipate,” “believe,” “can,” “could,” “continue,” “estimate,”
“expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,”
“may,” “might,” “objective,” “ongoing,” “outlook,” “plan,”
“potential,” “predict,” “probable,” “project,” “seek,” “should,”
“target” “view,” “will,” or “would,” or the negative thereof or
other variations thereon or comparable terminology, although not
all forward-looking statements contain these words. These
statements reflect the Company’s reasonable judgment with respect
to future events and are subject to risks, uncertainties and other
factors, many of which have outcomes difficult to predict and may
be outside our control, that could cause actual results or outcomes
to differ materially from those in the forward-looking statements.
Such risks and uncertainties include statements relating to the
Company’s ability to successfully launch, commercialize, develop
additional features and achieve market acceptance of its products
and technologies and integrate its products and technologies with
third-party platforms or technologies; the Company’s efforts and
ability to drive the adoption of its products and technologies as a
standard feature, including their use in homes, hotels, offices and
cruise ships; the Company’s ability to capture market share; the
Company’s estimates of its potential addressable market and demand
for its products and technologies; the Company’s ability to raise
additional capital to support its operations as needed, which may
not be available on acceptable terms or at all; the Company’s
ability to continue as a going concern; the Company’s ability to
execute on any sales and licensing or other strategic
opportunities; the possibility that any of the Company’s products
will become National Electrical Code (NEC)-code or otherwise code
mandatory in any jurisdiction, or that any of the Company’s current
or future products or technologies will be adopted by any state,
country, or municipality, within any specific timeframe or at all;
risks arising from mergers, acquisitions, joint ventures and other
collaborations; the Company’s ability to attract and retain key
executives and qualified personnel; guidance provided by
management, which may differ from the Company’s actual operating
results; the potential impact of unstable market and economic
conditions on the Company’s 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. There
can be no assurance as to any of the foregoing matters. Any
forward-looking statement speaks only as of the date of this press
release, and the Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by U.S.
federal securities laws.
Investor Relations Contact:
Jeff RamsonPCG Advisoryjramson@pcgadvisory.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/38d19cf4-206c-442a-929e-44b6ac9a340b
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/4166d320-d532-4157-8c72-ede4456a00bd
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