Category: Technology

Research News and Market Data on SKYX

January 21, 2026 09:00 ET  | Source: SKYX Platforms Corp.

Management Anticipates Significant Growth in Lowes Channel During 2026

Driven by Strong Demand, SKYX Expects Additional Winter Launches with Other Leading U.S. Retailers and Big-Box Chains

Management Expects its Ceiling SKYFAN & Turbo Heater to Generate Significant Revenue During this Winter and throughout Fiscal Year 2026

The Company Anticipates that the Turbo Heater Launch Will Advance its Path to Cash-Flow Positive

The Ceiling Fan and Space Heater Categories Represent a Multi-Billion-Dollar Annual Market, with Tens of Millions of Units Sold Each Year in North America

MIAMI, Jan. 21, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today announced it will launch its newly patented all-in-one ceiling plug & play SKYFAN & TURBO HEATER at U.S. leading retailer Lowes. Management anticipates significant growth in its Lowes business during 2026.

The innovative product—combining a ceiling fan with a built-in turbo heater—offers a safer, more efficient alternative to traditional space heaters and addresses a large year-round market opportunity across both winter and summer seasons. The combined ceiling fan and portable heater category is a multi-billion-dollar market, with tens of millions of units sold annually in North America.

In response to strong demand, SKYX intends to offer the product in six colors to serve both residential and commercial markets. Production is now underway with the Company’s manufacturing partners, and SKYX expects to continue its broad rollout in Q1 2026 to align with the winter season.

For a Link to SKYFAN & Turbo Heater in Lowes: Click Here

SKYFAN & TURBO HEATER

To view a video of SKYX’s turbo heater ceiling fan Click here

Lenny Sokolow CEO of SKYX Platforms Corp., stated; “We are excited to begin launching our ceiling SKYFAN and Turbo Heater at a leading retailer such as Lowes, and we expect to continue expanding our presence across additional leading retailers and big-box chains. This product exemplifies our commitment to innovation, safety, and scalable global solutions. We believe this all-in-one offering will drive meaningful value for customers, partners, and shareholders.”

About SKYX Platforms Corp.
SKYX Platforms Corp. (NASDAQ: SKYX) is a technology platform company focused on making homes and buildings safe, advanced, and smart as the new standard. As electricity is present in every home and building, SKYX is developing disruptive plug & play technologies designed to modernize traditional electrical infrastructure while improving safety, functionality, and ease of use.

The Company holds over 100 issued and pending U.S. and global patents and owns 60 lighting and home décor websites serving both retail and professional markets. SKYX’s platform emphasizes high-quality design, simplicity, and enhanced safety, with applications intended for every room in residential, commercial, hospitality, and institutional buildings worldwide.

SKYX’s technologies support recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions. The Company follows a “razor-and-blades” model, anchored by its advanced ceiling electrical outlet platform and an expanding portfolio of plug & play smart home products, including lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, indoor and outdoor fixtures, and themed lighting solutions. Its plug & play technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days.

SKYX estimates its U.S. total addressable market at approximately $500 billion, with more than 4.2 billion ceiling applications in the U.S. alone. Revenue streams are expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights.

For more information, please visit our website at http://skyx.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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3fb947d3-d666-4e39-950d-fca24b6a5164

Research News and Market Data on SKYX

January 14, 2026 10:42 ET  | Source: SKYX Platforms Corp.

Investment Brings a Total of $14 Million to SKYX in Recent Funding Over the Past 3 Months from Strategic Investors and Long-Term Shareholders as SKYX continues its Market Penetration and Path to Cash Flow Positive

MIAMI, Jan. 14, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 issued and pending patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe, advanced and smart as the new standard, today announced that it has closed a $4 million equity investment from a new institutional fund Philotimo Fund, LP, that invests in growing small-cap companies.

The investment was completed at $2.00 per share in straight common stock with no warrants, representing the purchase of 2,000,000 shares of common stock. The fund is a new investor in SKYX and joins the Company’s growing base of long-term and strategic shareholders.

With this new investment, SKYX has now raised approximately $14 million in recent funding over the past 3 months from its strategic investors and long-term shareholders, further strengthening the Company’s balance sheet and supporting its path to cash flow positive while accelerating growth across commercial, retail, and smart home platform initiatives.

The new investor is a growth-focused fund known for building long-term positions in companies with differentiated growth platforms, scalable business models, and large addressable markets.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said; “We believe this investment further validates our strategy, execution, and momentum. With expanding retail distribution, increasing commercial deployments, and the continued build-out of our AI ecosystem, we are well positioned for our next phase of growth in 2026 and beyond, as we continue to build what we believe is the future standard for smart, safe, and advanced homes and buildings.”

Leonard Sokolow, CEO of SKYX Platforms, added; “We are pleased to welcome a new long-term strategic investor to SKYX. This investment reflects increasing institutional recognition of our platform vision, technology leadership, and the significant global opportunity ahead of us.”

To view SKYX’s Technologies demo video Click Here.

About SKYX Platforms Corp.

SKYX Platforms Corp. (NASDAQ: SKYX) is a technology platform company focused on making homes and buildings safe, advanced, and smart as the new standard. As electricity is present in every home and building, SKYX is developing disruptive plug & play technologies designed to modernize traditional electrical infrastructure while improving safety, functionality, and ease of use.

The Company holds over 100 issued and pending U.S. and global patents and owns more than 60 lighting and home décor websites serving both retail and professional markets. SKYX’s platform emphasizes high-quality design, simplicity, and enhanced safety, with applications intended for every room in residential, commercial, hospitality, and institutional buildings worldwide.

SKYX’s technologies support recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, monitoring, and subscriptions. The Company follows a “razor-and-blades” model, anchored by its advanced ceiling electrical outlet platform and an expanding portfolio of plug & play smart home products, including lighting, recessed and down lights, emergency and exit signage, ceiling fans, chandeliers, indoor and outdoor fixtures, and themed lighting solutions. Its plug & play technology enables rapid installation in high-rise buildings and hotels, reducing deployment timelines from months to days.

SKYX estimates its U.S. total addressable market at approximately $500 billion, with more than 4.2 billion ceiling applications in the U.S. alone. Revenue streams are expected to include product sales, licensing, royalties, subscriptions, monitoring services, and the sale of global country rights.

For more information, visit www.skyx.com or follow SKYX 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

Research News and Market Data on SKYX

January 12, 2026 09:23 ET  | Source: SKYX Platforms Corp.

The Waterfront Smart Home Community Lake Shore Reserve is Located on the Hickory Lake in Granite Falls, North Carolina Nearby Microsoft’s Upcoming 1,385 Acres Mega Park and will include 140 Luxury Smart Single-Family Homes 

SKYX is Expected to Supply its All-In-One Smart Home Platform Hub Comprising its NVIDIA AI Ecosystem with over 10,000 Units Including its Advanced Smart Plug & Play Technologies, Ceiling Lighting, Ceiling Fans, Recessed Lights, Down Lights, EXIT Signs, Emergency Lights, Indoor and Outdoor Wall Lights Among Other Advanced Smart Products

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, Among Others

MIAMI, Jan. 12, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today announced that it will supply and enable its advanced smart plug and play technologies to a luxury smart home residential development project Lake Shore Reserve on Hickory Lake in Granite Falls, North Carolina. The first phase of the project will include 140 luxury smart single-family homes.

The project will comprise luxury amenities including swimming pools, a state-of-the-art gym, modern meeting conference facilities, pickleball courts, nature walking trails, landscaped green spaces, and more.

SKYX is expected to provide its all-in-one smart home platform hub, integrated with the NVIDIA AI ecosystem, including over 10,000 units of its advanced and smart plug & play technologies, ceiling lighting, recessed lights, downlights, wall lights, EXIT signs, and EMERGENCY lights, plug-in LED backlight mirrors among other SKYX products.

1Majestic Development Co. luxury home founders and developers have over 20 years of experience in building luxury homes and developments in North Carolina and Florida among other locations. 1Majestic Development Co. is a partnership comprised of Robert Anderson, founder of ABH Construction, and One dwell Developers Group led by Ron Dable and Dror Tohar.

Majestic Group Project in North Carolina

1Majestic Development Co. General Partner, Ron Dable, said; “We are excited to collaborate with SKYX and bring their innovative technologies into our waterfront Lake Shore Reserve Granite Falls project. Our focus has always been on creating modern, high-quality living spaces that enhance the daily lives of our homeowners. By integrating SKYX’s advanced smart home AI-driven plug-and-play solutions, we are raising the standard of safety, convenience, and design for our communities.”

Rani Kohen, Founder and Executive Chairman, of SKYX Platforms, said; “We are happy to work with luxury home developers 1Majestic Group on this exciting and unique smart home waterfront community. We look forward to collaborating with them to enhance home values while creating smarter, safer, and advanced homes of the future.”

For information about the Lake Shore Reserve development Click Here.

To view SKYX’s Technologies demo video 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 100 U.S. and global patents and patent pending applications. Additionally, the Company owns 60 lighting and home decor websites for both retail and commercial segments. 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

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/db15df8c-8110-49f9-973d-bc4f49f2f9d3

https://www.globenewswire.com/NewsRoom/AttachmentNg/8c39dba0-2611-493c-b03b-c58ec6fb4732

https://www.globenewswire.com/NewsRoom/AttachmentNg/f92ec918-9b1c-4058-9a15-7d8386a54

Research News and Market Data on SKYX

January 08, 2026 07:58 ET  | Source: SKYX Platforms Corp.

 NVIDIA Connect Supports Advanced Technology Companies Developing AI-powered Products

Part of NVIDIA’s Connect Program is to Promote, Assist, and Identify Go-To-Market Opportunities

SKYX Expects to Include its All-In-One Smart Platform and Hub, in Collaboration with NVIDIA’s AI Features, in Future U.S. and Global Projects, Including the Upcoming $4 Billion Miami, Florida Smart City

NVIDIA Connect is Designed to Help Build AI Solutions Faster, Accelerate Growth, and Maximize Opportunities while Delivering a Range of Significant AI Ecosystem Advantages, as Well as Free Benefits

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues, AI Services, Monitoring, and Subscriptions Through Interchangeability and Upgrades, Among Others

MIAMI, Jan. 08, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today announced it has joined the NVIDIA Connect Program, gaining access to NVIDIA’s cloud and AI ecosystem to support the development of SKYX’s all-in-one smart home platform and hub, as well as its broader portfolio of advanced smart home products.

SKYX’s all-in-one smart home platform and hub comprises numerous safety, security, and smart home features including Wi-Fi and repeaters, AI ecosystem, voice, and app controls, 911 emergency calling feature, smoke and CO detectors, thermostat, speakers, room-to-room intercom, emergency light, safety night light, color changing light, among others.

The NVIDIA Connect Program, cloud, and AI ecosystem accelerates and offers significant advantages for SKYX’s all-in-one smart home platform and hub including the following:

• Access to NVIDIA’s world-class GPU-accelerated AI development ecosystem, including advanced frameworks for speech recognition, anomaly detection, real-time analytics, and scalable cloud inference.
• Advances the Company’s vision of transforming the ceiling into the AI-powered brain of the home, enabling the all-in-one SKYX platform to deliver intelligence across six distinct domains, such as voice, audio, safety, environmental, behavioral, and predictive.
• Powers a secure, privacy-first cloud infrastructure leveraging NVIDIA’s GPU and DPU technologies to process anonymized device data, enabling fleet-wide learning while ensuring enterprise-grade security and data protection.
• Supports the Company’s long-term roadmap, including next-generation safety intelligence, computer vision, healthcare applications such as elderly monitoring and fall detection, and whole-home connectivity through Wi-Fi mesh extension, Matter protocol and capabilities.
• Joining a global ecosystem of AI innovators leveraging NVIDIA technology, reinforcing SKYX’s commitment to delivering the most intelligent and comprehensive smart home platform available.

SKYX Patented All-In-One Smart Home Platform and Hub

Khadija Mustafa, SKYX’s Senior AI Advisor and former Global Business & AI leader at Microsoft & G42, said; “This is a significant development that positions SKYX to lead the smart, safe home and AI solutions category. Since joining SKYX as Lead AI Advisor, our focus has been on expanding the company’s AI opportunities and capabilities. Aligning with NVIDIA and its programs was a top priority from the outset. NVIDIA’s Connect Program and broader AI ecosystem provide SKYX with meaningful advantages to accelerate innovation, strengthen differentiation, and lead the advanced smart and safe home segment. Combined with SKYX’s progress in home safety standardization, this collaboration has the potential to be truly game-changing for homes and buildings.”

Rani Kohen, Founder and Executive Chairman of SKYX, said; “This is a significant and very exciting development for SKYX. The NVIDIA Program gives us a tremendous advantage toward our safe and smart home goal. Utilizing NVIDIA’s programs and the benefits of its Connect and AI ecosystem can be game changing for our Company and Shareholders.”   

For SKYX All-In-One Smart Platform and Hub Video Demo: Click Here

About SKYX Platforms Corp.

• For more information about SKYX Platforms Corp. go to SKYX.com
• 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 100 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. 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.
• SKYX’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions. Company is focused on the “Razor & Blades” model and its product range includes its advanced ceiling electrical outlet (Razor) and its advance and smart home plug & play products (Blades) including its advance and smart home plug & play platform products, lighting, recessed lights, down lights, EXIT signs, emergency lights, ceiling fans, chandeliers/pendants, holiday/kids/themes lights, indoor/outdoor wall lights among other. Company’s plug & play technology enables an installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months.
• Company’s total addressable market (TAM) in the U.S. is roughly $500 billion with over 4.2 billion ceiling applications in the U.S. alone. Expected revenue streams from retail and professional segments include product sales, royalties, licensing, subscription, monitoring, and sale of global country rights.

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 First-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, including recent measures adopted by the federal government, 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.

Non-GAAP Financial Measures

Management considers earnings (loss) before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, an important indicator in evaluating the Company’s business on a consistent basis across various periods. Due to the significance of non-recurring items, EBITDA, as adjusted, enables management to monitor and evaluate the business on a consistent basis. The Company uses EBITDA, as adjusted, as a primary measure, among others, to analyze and evaluate financial and strategic planning decisions regarding future operating investments and potential acquisitions. The Company believes that EBITDA, as adjusted, eliminates items that are not part of the Company’s core operations, such as interest expense and amortization expense associated with intangible assets, or items that do not involve a cash outlay, such as share-based payments and non-recurring items, such as transaction costs. EBITDA, as adjusted, should be considered in addition to, rather than as a substitute for, pre-tax income (loss), net income (loss) and cash flows used in operating activities. This non-GAAP financial measure excludes significant expenses that are required by GAAP to be recorded in the Company’s financial statements and is subject to inherent limitations. Investors should review the reconciliation of this non-GAAP financial measure to the comparable GAAP financial measure. Investors should not rely on any single financial measure to evaluate the Company’s business.

Investor Relations Contact:

Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13461e59-836b-4c5a-8676-e1f57b6cc2b2

Research News and Market Data on SKYX

SKYX Board Member Converted an $835,000 Convertible Note at $2.20 per share

SKYX is in Process of Expanding its AI Ecosystem Program and AI Future Offerings

SKYX Announced Launch of its Patented Advanced SKYFAN and Turbo Heater in U.S. Leading Retailer Target, as well as into the Canadian Market in addition to its E-Commerce Platform with 60 Websites

Driven by Strong Demand, Management Expects to Announce Additional Launches of its SKYFAN and Turbo Heater in January at Several Other Leading U.S. Retailers and Big Box Chains

The Company Anticipates the Winter Launch of its SKYFAN & Turbo Heater Will Advance its Path to Cash-Flow Positive

SKYX Continues its Growth and Expects to Deploy over 60,000 of its Products into Homes/Units by the End of Q1 2026 through Retail and Pro Segments

Management Expects to Secure Additional Significant Business Opportunities in 2026

Following SKYX’s Successful Demonstration of its Technologies during a Marriott Hotel Renovation Company Expects to Significantly Expand its Hotel Segment in 2026

SKYX Revenues Increased for 7 Consecutive Comparable Quarters from Q1 2024 Through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $23M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25

SKYX’s Safety Code Standardization Team is Continuing to Progress and is Receiving Significant Support from a Prominent Leader with its Government Safety Organization Process for Safety Mandatory Standardization in Homes and Buildings of its Ceiling Outlet/Receptacle Technology

SKYX Will Supply its Technologies to Two Key Projects in Austin Texas 278 Units, and San Antonio Texas 340 Units, Built by Prominent Developers Landmark Companies, SKYX is Expected to Deploy Over 25,000 Units of its Advanced and Smart Plug & Play Technologies to The Projects

SKYX’s Major Collaboration with the Mixed-Use Smart City Development in Miami is Expected to Deploy over 500,000 Units of its Advanced and Plug & Play Smart Home Technologies; The Smart City Project Has Expanded from a $3 Billion to a $4 Billion Project

SKYX Will Be Launching a New AI Driven Software for its E-commerce Platform of 60 Websites Which is Expected to Increase its Conversion Rate and Sales Up To 30%; The AI-Native E-Commerce Platform is Designed to Elevate B2B and B2C Experiences through its Innovative and Smart Product Line

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring and Subscriptions, Among Others

MIAMI, Jan. 05, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today provides a corporate update including $9.5 million in recent investment from its leading investors as it continues to grow its market penetration.

Highlights, Recent and Future Events

• As of September 30, 2025, Company reported $13 million in total cash, cash equivalents, restricted cash, and receivables.
• Company has recently raised $9.5 million in additional capital from several of its leading shareholders.
• Company continues to leverage its cash position through its e-commerce platform of 60 websites among other methods including support from leading strategic investors and insiders.
• Management believes it has sufficient cash to achieve its goals including being cash flow positive.
• SKYX has recently extended and converted $13.5 million in notes coming due with maturity out to 5 years until 2030.
• SKYX entered into an agreement with Global Ventures Group, a leading U.S. and international real estate development firm, marking a significant step in SKYX’s global expansion strategy.
• Pursuant to the agreement, Global Ventures Group plans to deploy SKYX’s smart technologies into tens of thousands of homes and hotel rooms in that region and is expected to supply hundreds of thousands of units of its advanced and smart home technologies to projects across the Middle East, including developments in Saudi Arabia and Egypt.
• The Company entered a major collaboration with a mixed-use smart city development in the heart of Miami, now expanded to a $4 billion project. SKYX is expected to deploy over 500,000 units of its advanced and plug & play smart home technologies.
• SKYX announced it will be launching a new AI driven software for its e-commerce platform of 60 websites expected to increase its conversion rate and sales up to30%. The AI-native e-commerce platform is designed to elevate B2B and B2C experiences through its innovative and smart product line.
• SKYX announced it will provide over 25,000 units of its Advanced and Smart Plug & Play products in two projects in the Austin and San Antonio, Texas led by prominent developers Landmark Companies.
• Company is collaborating with Home Depot and Wayfair on its Advanced and Smart Plug & Play products for both retail and professional segments. SKYX’s product offering will include a variety of its advanced and Smart Plug & Play products including Retrofit Kits, Smart Light Fixtures, Smart Ceiling Fans, Ceiling Outlet Receptacles, Recessed Lights and more.
• Marriott hotel chain owner, The Shaner Group, led a $16.5 million preferred round to date. The Shaner Group is an owner, and developer of more than 70 hotels worldwide.
• SKYX has successfully demonstrated its technology during a Marriott Hotel renovation, incorporating its advanced and smart plug & play technologies, including ceiling lighting, recessed lights, downlights, wall lights, EXIT, and EMERGENCY lights, plug-in LED backlight mirrors among others.
• SKYX revenues increased for 7 prior period comparable quarters from Q1 2024 through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $24M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25.
• Management is expecting to secure additional significant business opportunities in 2026.
• SKYX continues its growth and expects to deploy over 60,000 of its products into homes/units by the end of Q1 2026 through retail and pro segments.
• The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including U.S., Vietnam, Taiwan, China, and Cambodia.

Safety Standardization Mandatory Code / Insurance Specification and Recommendation:

• SKYX’s Safety Code Standardization Team is receiving support from a new significant prominent leader with its government safety agency’s process for a safety mandatory standardization of its electrical ceiling outlet/receptacle technology.
• SKYX’s code team is led by industry veterans Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA). The Company’s safety Code Standardization team believes it will garner assistance from additional safety organizations with its code mandatory safety standardization efforts based on the product’s significant safety aspects. Mr. Earley and Mr. Jacobson were instrumental in numerous code and safety changes in both the electrical and lighting industries. Both strongly believe that, considering the Company’s standardization progress including its product specification approval voting for by ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturers Association) and being voted into 10 segments in the NEC Code Book, it has met the necessary safety conditions for becoming a ceiling safety standardization requirement for homes and buildings.
• With respect to insurance companies, the Company strongly believes its products can save insurance companies many billions of dollars annually by reducing fires, ladder falls, and electrocutions among other things. Management expects that once it completes an entire range and variations of its safe advanced plug & play products it will start being recommended by insurance companies.

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 100 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. 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.

SKYX’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions. Company is focused on the “Razor & Blades” model and its product range includes its advanced ceiling electrical outlet (Razor) and its advance and smart home plug & play products (Blades) including its advance and smart home plug & play platform products, lighting, recessed lights, down lights, EXIT signs, emergency lights, ceiling fans, chandeliers/pendants, holiday/kids/themes lights, indoor/outdoor wall lights among other. Company’s plug & play technology enables an installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months.

Company’s total addressable market (TAM) in the U.S. is roughly $500 billion with over 4.2 billion ceiling applications in the U.S. alone. Expected revenue streams from retail and professional segments include product sales, royalties, licensing, subscription, monitoring, and sale of global country rights.

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 First-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, including recent measures adopted by the federal government, 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.

Non-GAAP Financial Measures

Management considers earnings (loss) before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, an important indicator in evaluating the Company’s business on a consistent basis across various periods. Due to the significance of non-recurring items, EBITDA, as adjusted, enables management to monitor and evaluate the business on a consistent basis. The Company uses EBITDA, as adjusted, as a primary measure, among others, to analyze and evaluate financial and strategic planning decisions regarding future operating investments and potential acquisitions. The Company believes that EBITDA, as adjusted, eliminates items that are not part of the Company’s core operations, such as interest expense and amortization expense associated with intangible assets, or items that do not involve a cash outlay, such as share-based payments and non-recurring items, such as transaction costs. EBITDA, as adjusted, should be considered in addition to, rather than as a substitute for, pre-tax income (loss), net income (loss) and cash flows used in operating activities. This non-GAAP financial measure excludes significant expenses that are required by GAAP to be recorded in the Company’s financial statements and is subject to inherent limitations. Investors should review the reconciliation of this non-GAAP financial measure to the comparable GAAP financial measure. Investors should not rely on any single financial measure to evaluate the Company’s business.

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