Company Description
Skkynet Cloud Systems, Inc. (OTCQB: SKKY) operates in the information sector as a software publisher focused on real-time information systems. According to the company’s public statements, Skkynet positions itself as a global leader and innovator in secure, real-time industrial data communications and connectivity for industrial, embedded, and financial systems. Its technology is described as "secure by design," with an architecture that avoids exposing an attack surface on plant networks.
Skkynet’s platform centers on its DataHub technology and related services. The company highlights the award‑winning DataHub® middleware, the Skkynet DataHub service on Microsoft Azure, the SkkyHub™ cloud service, and Embedded Toolkit (ETK) software. These offerings are designed to enable real‑time data connectivity using open, standard industrial protocols, allowing users to connect operations technology (OT) with information technology (IT) systems and other applications.
Core products and technology
The company describes its DataHub software as real‑time middleware for secure industrial data communications. Public releases state that DataHub can connect to popular industrial data historians from AVEVA, InfluxData, and OSIsoft, and can generate alarms and notifications. Skkynet reports that its technology can handle large numbers of MQTT connections, including MQTT Sparkplug B, and that it has enhanced support for MQTT with patent‑pending features intended to strengthen IoT communications.
The Skkynet DataHub service for Microsoft Azure, available through the Azure Marketplace, is presented as a way for Azure customers to acquire, monitor, control, consolidate, and share live process data. Using standard protocols such as OPC UA or MQTT, users can connect to Azure IoT Hub and to applications, dashboards, and data lakes running on Azure or at remote locations.
The company also promotes the SkkyHub™ cloud service and ETK software for embedded devices as part of its platform. Across these offerings, Skkynet emphasizes secure access to industrial data, integration of embedded devices and on‑premise systems, and real‑time connectivity among remote locations.
Security and architecture
Skkynet’s public materials repeatedly stress that its architecture is "secure by design." The company explains that its security model is based on patented technology using outbound‑only connections from plant networks. According to Skkynet, this approach avoids open inbound firewall ports, VPNs, additional hardware, or special programming, while still allowing real‑time bidirectional data flow through DMZs and network proxies to the cloud.
This design is presented as a response to demand for secure access to remote industrial systems and for OT/IT data collaboration. Company statements link this demand to regulatory requirements, such as the Directive on Security of Network and Information Systems (NIS 2) in Europe, and to broader interest in secure remote access for industrial process data.
Industrial IoT and Industry 4.0 focus
Skkynet explicitly aligns its platform with the "Internet of Things," the "Industrial Internet of Things," and "Industry 4.0." The company states that its products and services enable users to integrate OT with IT systems and other applications anywhere in the world, and to extend real‑time data flows from production lines to management and across entire enterprises. Public communications describe this as supporting the "real‑time enterprise" in manufacturing and other industrial contexts.
The company reports that secure integration of embedded devices, on‑premise systems, and remote locations through seamless, end‑to‑end connectivity in real time is intended to help users derive value from Industrial IoT and Industry 4.0 initiatives. Skkynet also notes that its platform is used for real‑time bidirectional Industrial IoT systems and cloud‑based remote monitoring in industrial and commercial applications.
Growth, partnerships, and markets
Skkynet has reported year‑over‑year revenue growth in multiple fiscal periods, including record quarterly and annual revenues in several recent years. Company news releases attribute this performance to rising demand for secure access to remote industrial systems, industrial process data for IT departments, and cybersecurity solutions, along with OT/IT data collaboration.
The company highlights a strategy of building industry partnerships and distribution relationships, particularly in high‑growth industrial sectors and specific regions. For example, Skkynet has announced distributor and partner relationships with HongKe Technology Co., Ltd. for mainland China, Hong Kong, Macau, Taiwan, and South Korea, as well as collaborations with firms such as Incentro S.A., Becolve Digital, S.A., and Davinco SPA. These partnerships are described as expanding Skkynet’s reach in industrial automation and related markets.
Innovation and intellectual property
Skkynet reports ongoing development of new versions of its DataHub product line, including major releases that add capabilities such as connections to industrial data historians, alarms and notifications, and enhanced MQTT support. The company has also disclosed work on applications to leverage AI within the DataHub product stack.
Public updates note that Skkynet has multiple issued U.S. patents across several technologies, and that additional patent applications have been filed, including for secure remote access to historical data and for MQTT connectivity. The company states that these intellectual property assets support its technology for secure, real‑time industrial data communications.
Regulatory filings and corporate developments
Skkynet Cloud Systems, Inc. is incorporated in Nevada and files reports with the U.S. Securities and Exchange Commission. In a Form 8‑K, the company disclosed an Industrial AI Product Development Initiative partially funded by the Government of Canada through FedDev Ontario’s Regional Artificial Intelligence Initiative, under an interest‑free repayable loan agreement. Other recent 8‑K filings describe changes in board composition and executive leadership.
According to SEC filings, the company’s principal offices are in Mississauga, Ontario, Canada. Skkynet’s common stock trades on the OTCQB market under the symbol SKKY.
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Short Interest History
Short interest in Skkynet Cloud Sy (SKKY) currently stands at 2.4 thousand shares, up 1000.0% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has increased by 5306.8%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Skkynet Cloud Sy (SKKY) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.