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. SKYX has launched its patented SKYFAN and Turbo Heater products at major U.S. retailers, including Home Depot, where it established a new SkyPlug branding page. Additional launches have occurred at Target, Walmart, Lowe's, and across the company's e-commerce platform of 60 websites. SKYX expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments.
The company announced a collaboration with NVIDIA through the AI Ecosystem Connect Program, which it expects to expand into existing and future smart home projects. SKYX 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 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. These developments highlight SKYX's strategic positioning to drive adoption of safer, smarter home technologies with broad economic and safety implications.
