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SKYX Platforms Corp (SKYX) Has A Float Under 50M Shares That is Bouncing Off Support And Has Over 77 Pending and Issued Patents Globally!
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Free up your agenda and ensure you have this hot Cutting-edge, secure, intelligent platform technologies company on your screen prior to the market opening bell.
About SKYX Platforms Corp.
In summary, SKYX emerges as a formidable player in the realm of platform technology, armed with a staggering portfolio of 77 pending and issued patents worldwide and a robust network of over 60 specialized websites for lighting and home décor. Their unwavering mission to transform homes and buildings into safe, advanced, and smart
environments sets them apart. Recent collaborations with industry giants like Golden Lighting underscore their commitment to excellence, while accolades such as multiple CES awards affirm the groundbreaking nature of their smart home platform technology. Renewed partnerships with established entities like GE further solidify their position as a leader in the field. With record-breaking revenue figures and ongoing advancements in both technology and market penetration, SKYX proves itself as a stock worthy of investors' attention.
Most Notable Catalysts for SKYX:
- A highly disruptive platform technology company with over 77 pending and issued patents globally.
- Operates over 60 lighting and home décor websites.
- Mission to elevate homes and buildings to a new standard of safety, advancement, and intelligence.
- Recently announced collaboration with Golden Lighting, a leading U.S. elegant lighting company established 42 years ago in 1982.
- Golden Lighting is renowned for high-quality designs catering to contemporary and traditional segments.
- Collaboration includes smart and advanced plug & play products for online, builder, professional, and retail channels.
- Awarded two CES 2024 awards for its patented smart home platform technology by leading U.S. technology publications Residential Systems and Twice.
- SKYX's smart home platform technology products, with the proprietary SkyHome app, won seven CES awards in the past year.
- Signed a five-year renewal of a global licensing master service agreement with GE Technology Development, Inc. ("GE") in December.
- Under the agreement, SKYX licenses certain advanced and smart technologies to GE for global distribution.
- SKYX receives the main portion of earned revenue, with GE receiving a percentage under license agreements established by GE's licensing team.
Third Quarter 2023 and Subsequent Operational Highlights:
-Generated a record $21.6 million in revenue in Q3 2023, including sales of advanced and smart plug & play products.
-Cash, cash equivalents, restricted cash, available cash, and investments available for sale totaled $24.4 million as of September 30, 2023, compared to $16.8 million as of December 31, 2022.
-Continues to expand market penetration of advanced and smart platform technology products in both retail and commercial segments.
-Issued eight additional patents, bringing the total to 77 pending and issued patents in the U.S. and globally, including five new utility patents in the U.S. and international markets such as Canada, Mexico, and Hong Kong for smart plug-and-play platform technology products.
