SKYX and Its Subsidiary Deako Will Supply 70,000 Units of Its Advanced & Smart Technologies Through 2027 to Stone Martin Home Community Builder Under Exclusive Agreement
The exclusive Stone Martin agreement now extends through 2029, beyond the expected supply program running through 2027.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
SKYX Platforms (NASDAQ: SKYX) and subsidiary Deako expect to supply approximately 70,000 smart-home technology units to Stone Martin communities through 2027. The program covers more than 850 homes in Georgia and Alabama, and the exclusive agreement with the developer has been extended through 2029.
Stone Martin is the third builder program announced since the Deako merger closed October 13, 2026. The three programs cover approximately 210,000 expected units across more than 2,550 homes. The combined pipeline of potential future orders is estimated at approximately 4 million units, with an expected average selling price of approximately $50 per product. Management believes the combined portfolio could increase future revenue per home by up to five times; the merger is expected to reduce annual cash expenses by more than $6 million.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Merger expected to reduce annual cash expenses by more than $6 million.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Stone Martin program expects approximately 70,000 units for more than 850 homes through 2027.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Home Creations program expects approximately 60,000 units for more than 700 homes in Oklahoma and Texas.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Maronda Homes program expects approximately 80,000 units for more than 1,000 homes.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Potential future-order pipeline estimated at approximately 4 million units, with expected average selling price approximately $50 per product.
3 minor points
- Minor pointStone Martin exclusive agreement extended through 2029.
- Minor point. Forward-looking: it has not happened yet and may not happen.Management believes future revenue per home could increase by up to five times with the combined portfolio.
- Minor pointDeako generated over $26 million in 2025 revenue.
Negative
- None.
Key Figures
- Expected supply
- Approximately 70,000 units
- Stone Martin communities
- Homes covered
- More than 850 homes
- Georgia and Alabama
- Supply period
- Through 2027
- Stone Martin program
- Exclusive agreement
- Through 2029
- Extended agreement with Stone Martin
- Combined builder-program units
- Approximately 210,000 units
- Three programs announced since the merger close
- Combined builder-program homes
- More than 2,550 homes
- Three programs announced since the merger close
- Potential future-order pipeline
- Approximately 4 million units
- Combined SKYX–Deako pipeline estimate
- Expected average selling price
- Approximately $50 per product
- Combined pipeline estimate
Historical Context
-
Announced expected supply of approximately 60,000 units to more than 700 homes.
-
Announced plans to supply over 80,000 units to more than 1,000 homes.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Plug-and-Play Advanced and Smart Home Technologies Expected to Be Supplied to Stone Martin Communities in Alabama and Georgia
Third Builder Program Announced by SKYX Deako Since Its Merger Closed October 13, 2026, with Approximately 210,000 Units Across More Than 2,550 Homes
MIAMI, Nov. 10, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), an award-winning, highly disruptive advanced smart home and AI platform technology company with over 120 U.S. and global pending and issued patents and with a mission to make homes and buildings advanced, safe and smart as the new standard, today announced that SKYX and its wholly owned subsidiary Deako expect to supply approximately 70,000 units of their advanced and smart home technologies to Stone Martin communities for more than 850 homes in Georgia and Alabama through 2027. The Company has also extended its exclusive agreement with the developer through 2029.
Stone Martin Builders is a prominent Southeast homebuilder that has been developing communities across Alabama and Georgia for over 20 years.
From resort-style pools and clubhouses to winding nature trails, lakeside views, playgrounds and pavilions, Stone Martin communities are designed to bring neighbors together. Every home pairs that lifestyle with Deako smart home and lighting, a full smart home package, energy-efficient spray foam insulation and personalized design selections, all backed by a 10-year structural warranty.
SKYX–Deako Homebuilder and Merger Highlights
- Stone Martin is the third homebuilder program SKYX and Deako have announced since the merger closed on October 13, 2026.
- Since the October 13, 2026, merger close, SKYX and Deako have announced three builder programs with approximately 210,000 units expected for more than 2,550 homes.
- Stone Martin Builders: Approximately 70,000 units expected for more than 850 homes in Georgia and Alabama.
- Home Creations: Approximately 60,000 units expected for more than 700 homes in Oklahoma and Texas.
- Maronda Homes: Approximately 80,000 units expected for more than 1,000 homes.
- The SKYX Deako combined pipeline of potential future orders estimated at approximately 4 million units, with an expected average selling price of approximately
$50 per product. - Deako has shipped more than 32 million units, generated over
$26 million in 2025 revenue and established relationships with more than 50 U.S. homebuilders, including D.R. Horton and Toll Brothers. - The combined SKYX–Deako portfolio is designed to provide an end-to-end smart home offering for the builder and hospitality markets.
- Management believes the combined product portfolio could increase future revenue per home by up to five times; the merger is expected to reduce annual cash expenses by more than
$6 million .
Stone Martin Development
For information about Stone Martin, visit www.stonemartinbuilders.com.
For more information about SKYX and Deako, visit www.SKYX.com and www.Deako.com.
Derek Richardson, Founder and CEO of Deako, stated: “We are proud to grow our partnership with Stone Martin. They lead by making upgraded smart home technology standard in every home, which reflects how thoughtfully they build for their homebuyers. As our technologies are plug-and-play, home buyers can easily add products, including future products and upgrades, over the life of the home.”
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: “Working with a community developer such as Stone Martin is another important step in expanding our presence in the U.S. homebuilder market. In the four weeks since we closed our merger with Deako, we have announced three builder programs covering more than 2,550 homes, demonstrating our value proposition for the builder segment. We believe our combined plug-and-play technologies position us to bring safer, more advanced, and smarter solutions to a growing number of homes and buildings, and we expect to continue expanding our builder programs.”
About SKYX Platforms Corp.
SKYX Platforms Corp. (NASDAQ: SKYX) is an advanced smart home, artificial intelligence (AI), and plug-and-play technology platform company with a mission to make homes and buildings safe, advanced, and smart as the new standard. Following its merger with Deako, Inc., SKYX combines complementary technologies designed to simplify the installation, integration, and upgrading of smart home and building systems across residential, commercial, builder, and hospitality markets.
The combined company offers a broad portfolio of plug-and-play platform technologies and products spanning ceiling and wall electrical infrastructure, intelligent lighting and switches, smart home and AI-enabled solutions, and other connected home and building applications. By bringing together SKYX's ceiling-based technologies and Deako's established wall-switch platform, the company enables a more comprehensive approach to smart homes and buildings, reducing the complexity associated with traditional wired installations while enhancing convenience, safety, and functionality.
SKYX has a combined portfolio of more than 120 issued and pending U.S. and international patents and patent applications relating to smart home and building platforms, AI, and plug-and-play technologies. Including its wholly owned subsidiary, Deako, SKYX supplies plug-and-play smart lighting technologies to more than 50 U.S. homebuilders and builders. The merger expands SKYX's opportunities across the homebuilder, professional, commercial, and hospitality markets, while creating potential for future recurring revenue through product upgrades and interchangeability, AI-enabled services, monitoring, subscriptions, and licensing.
In addition to its technology platforms, SKYX owns a portfolio of 60 lighting and home décor websites serving retail and commercial customers. Through its combined technologies and product portfolio, SKYX is focused on advancing the adoption of smart, connected, and safer environments in homes and buildings across the United States and internationally.
For more information, please visit www.skyx.com and www.deako.com .
Forward-Looking Statements
Certain 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 ability to achieve positive cash flows; 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 Contacts:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com
Ronald A. Both
Encore Investor Relations
rb@encore-ir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5c44fe7-f154-46a3-9154-b1b89a528a2d
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many units will SKYX and Deako supply to Stone Martin, and when?
SKYX and Deako expect to supply approximately 70,000 units of smart-home technologies for more than 850 homes in Georgia and Alabama through 2027. The exclusive agreement with Stone Martin has been extended through 2029.
How large is SKYX and Deako’s potential future-order pipeline?
The combined pipeline of potential future orders is estimated at approximately 4 million units, with an expected average selling price of approximately $50 per product. These are potential future orders, rather than completed shipments.