SKYX Announces a Collaboration with Wayfair for its Advanced and Smart Plug & Play Lighting for Retail and Professional Segments including Designers and Architects

Rhea-AI Summary

SKYX Platforms Corp. (NASDAQ: SKYX) has announced a collaboration with Wayfair, a leading home décor website, to offer its advanced and smart plug & play lighting products. The collaboration will include a variety of SKYX's products such as retrofit kits, smart light fixtures, ceiling fans, recessed lights, and ceiling outlet receptacles. These products are expected to be available on Wayfair's website in the coming weeks.

Steve Schmidt, President of SKYX, views this collaboration as a significant growth opportunity for both companies, highlighting the game-changing nature of SKYX's products for retail and professional segments. Rani Kohen, Founder and Executive Chairman of SKYX, emphasized the importance of this partnership in enhancing market penetration for both retail and professional channels, including architects, designers, and home decorators.

Positive

• Collaboration with Wayfair, a world-leading home décor e-commerce company
• Expansion into both retail and professional market segments
• Potential for increased market penetration and growth opportunities
• Offering a wide range of advanced and smart plug & play products

Negative

• None.

News Market Reaction

-3.91%

1 alert

-3.91% News Effect

On the day this news was published, SKYX declined 3.91%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SKYX will Offer a Variety of its Advanced and Smart Plug & Play Lighting and Ceiling Fan Products, Plug & Play Retrofit Kits and Recessed Lights, Ceiling Outlet Receptacles, and More

MIAMI, Oct. 16, 2024 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly disruptive smart platform technology company with over 97 issued and pending patents in the U.S. and globally, with a mission to make homes and buildings become smart, safe, and advanced as the new standard, announced today a collaboration with world leading home décor website, Wayfair, for its advanced and smart plug & play products.

SKYX will offer a large variety of its advanced and smart plug & play products including retrofit kits, plug & play smart light fixtures, ceiling fans, recessed lights, and ceiling outlet receptacles, SKYX’s advanced and smart products are expected to be offered on Wayfair’s website in the coming weeks.

Steve Schmidt, President of SKYX, said: “We are truly excited to collaborate with the world leading home décor e-commerce company, Wayfair. I view this collaboration as a great growth opportunity for us and Wayfair, as our technology offers a variety of game changing products for both retail and professional segments that is a growing category for Wayfair.”

Rani Kohen, Founder and Executive Chairman of SKYX, said: “We are thrilled to work together with Wayfair, a world leading home décor company. This is a significant opportunity to enhance our market penetration to both retail and professional channels, including architects, designers, and home decorators.”

• Video Link to SKYX’s three generations of products Click Here 
• Link to an updated company summary Click Here

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 97 U.S. and global patents and patent pending applications. 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 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 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 Ramson
PCG Advisory
jramson@pcgadvisory.com

FAQ

What products will SKYX offer through its collaboration with Wayfair?

SKYX will offer a variety of advanced and smart plug & play products including retrofit kits, smart light fixtures, ceiling fans, recessed lights, and ceiling outlet receptacles through its collaboration with Wayfair.

When will SKYX's products be available on Wayfair's website?

SKYX's advanced and smart products are expected to be offered on Wayfair's website in the coming weeks.

How many patents does SKYX Platforms Corp. (NASDAQ: SKYX) have?

SKYX Platforms Corp. has over 97 issued and pending patents in the U.S. and globally.

What market segments does SKYX aim to target through the Wayfair collaboration?

SKYX aims to target both retail and professional segments, including architects, designers, and home decorators through its collaboration with Wayfair.