Amazon is stepping back into the wearables game — but this time, it’s not about fitness tracking. The tech giant is acquiring Bee, an AI-powered bracelet startup whose smart device transcribes user conversations, makes them searchable, and turns those interactions into actionable content like to-do lists and reminders.
The acquisition was announced by Bee CEO Maria de Lourdes Zollo on LinkedIn Tuesday, with confirmation from Amazon shortly after. While financial details remain undisclosed and the deal hasn’t yet officially closed, the implications are clear: Amazon wants to push deeper into personal AI, and Bee’s technology may become a key building block.
Bee’s wearable device is always listening — but only stores text transcriptions, not audio. This subtle but important difference positions Bee as a tool for assistive intelligence, rather than surveillance. According to the company, its goal has always been to create an AI companion that “learns with you,” enhancing day-to-day life in a way that feels less intrusive and more useful.
This fits neatly into Amazon’s broader AI strategy. After shuttering its Halo wearables line in 2023, Amazon has refocused on AI-powered services, most recently launching a generative AI-powered upgrade to Alexa, known as Alexa+. Integrating Bee’s capabilities could push Alexa into more context-aware, proactive territory — automatically logging conversations, suggesting follow-ups, or building task lists without users lifting a finger.
The potential is enormous. Real-time conversation capture and transcription can provide a wealth of data, helping to train and refine personalized AI agents. For Amazon, this also represents a possible edge in the race against Google, Meta, Samsung, and others investing heavily in AI-powered smart wearables like earbuds, glasses, and compact assistants.
For investors, this is more than just another big-tech M&A deal — it’s a signal of the next wave in consumer AI. Devices like Bee’s bracelet represent a shift toward always-on, passively intelligent tools that blend into everyday life. And with Amazon in the mix, the scale of adoption could be swift.
There’s also a commercial layer to this: AI wearables could transform e-commerce, advertising, and user engagement. With access to rich, real-world behavioral data, companies could refine product recommendations, automate shopping lists, and deliver marketing that feels like a natural extension of a user’s day — not an interruption.
While privacy concerns will continue to hover over these developments, Amazon says its current user controls will apply to Bee’s device as well. That means opt-in settings, transparency reports, and more granular data handling tools — all of which will be under scrutiny as the tech rolls out.
Ultimately, Amazon’s acquisition of Bee isn’t just about a bracelet — it’s about redefining how AI fits into our daily lives, and who gets to lead the way.
FLORHAM PARK, N.J. — Conduent Incorporated (Nasdaq: CNDT), a global technology-driven business solutions and services company, plans to report its second-quarter 2025 financial results on Wednesday, Aug. 6, 2025 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET.
The call will be available by live audiocast along with the news release and online presentation slides at https://investor.conduent.com.
The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID is 13754400.
The international dial-in is +1 201-689-8337. The international conference ID is also 13754400.
A recording of the conference call will be available by calling 877-660-6853 three hours after the conference call concludes. The access ID for the recording is 13754400.
The call recording will be available until Aug. 20, 2025.
We look forward to your participation.
About Conduent Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 56,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $85 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.
Trademarks Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
Lock/Unlock Feature Now Live in 12 States to Help Safeguard SNAP Benefits
FLORHAM PARK, N.J.–(BUSINESS WIRE)–Jul. 22, 2025– Conduent Incorporated (Nasdaq: CNDT), a global technology-driven business solutions and services company, announced the continued deployment of its Electronic Benefits Transfer (EBT) solutions to enhance security and the end-user experience. These enhancements include fraud prevention tools such as intelligent voice systems that detect suspicious calls, technologies enabling the planned move to EBT chip cards and mobile wallet integration, as well as a Conduent feature that locks and unlocks accounts, which is now being used in 12 U.S. states.
The lock/unlock feature enables recipients of government assistance – specifically participants in the Supplemental Nutrition Assistance Program (SNAP) – to lock and unlock their EBT accounts through Conduent’s ConnectEBT mobile app and cardholder portal.
Benefit recipients can lock their card to block all purchases or limit the blocking to purchases outside of their home state, giving them greater control and helping to prevent unauthorized access by fraudsters.
Technology Backed by Conduent’s VeriSight Anti-Fraud Suite
Beyond account locking, Conduent’s VeriSight suite includes an advanced interactive voice response (IVR) system for EBT customer service centers. The system uses behavioral analytics to detect patterns such as excessive calls from a single number, enabling real-time restrictions to prevent suspicious access attempts.
Additionally, users of Conduent’s ConnectEBT app can opt in to receive real-time usage alerts – empowering them to quickly detect and report potentially fraudulent activity.
Future EMV Chip and Mobile Wallet Integration
Meanwhile, Conduent continues to work with several states to prepare for the introduction of SNAP cards with EMV (Europay, Mastercard, and Visa) chip technology, which will further boost card security and reduce fraud risks at points of sale. The company is also poised to support state implementations of mobile wallet functionality, including Apple Pay and Google Pay, to bring added convenience and modernize benefit access.
“With decades of experience in helping state agencies serve residents more effectively, operate more efficiently, and ensure that public aid goes to the intended recipients, our EBT lock-and-unlock feature is one of many solutions Conduent is delivering to combat fraud that threatens taxpayer funds,” said Anna Sever, President, Government Solutions at Conduent. “Our team continues to make progress in implementing important features in more states, while also integrating AI technologies to automate processes, improve efficiency, and reduce costs, while improving service for the people who depend on these critical benefits.”
Conduent is a leading provider of government payment disbursements for federally funded benefit and payment card programs. The company also supports U.S. agencies with end-to-end solutions for healthcare claims processing, eligibility and enrollment, and child support administration.
About Conduent Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 56,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $85 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.
Forward-Looking Statements This press release, any exhibits or attachments to this release, and other public statements we make may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “expectations,” “in front of us,” “plan,” “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” “continue to,” “looking to continue,” “endeavor,” “if,” “growing,” “projected,” “potential,” “likely,” “see,” “ahead,” “further,” “going forward,” “on the horizon,” “as we progress,” “going to,” “path from here forward,” “think,” “path to deliver,” “from here,” “on track,” “remain” and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release or any attachment to this press release are forward-looking statements, including, but not limited to, statements regarding the planned adoption of technology, including all statements made under the first paragraph under the caption “Future EMV Chip and Mobile Wallet Integration” within this release. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make.
Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to those factors that are set forth in the “Risk Factors” section, the “Legal Proceedings” section, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and other sections in our 2024 Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.
Trademarks Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
Key Points: – ARCHIMED to acquire ZimVie Inc. for $19/share, nearly doubling its 90-day average price. – The $730M deal will take ZimVie private, accelerating its dental technology growth. – Positive signal for middle market healthcare investors as valuations rebound.
In a strategic move that underscores growing momentum in middle-market healthcare, ZimVie Inc. (Nasdaq: ZIMV), a leader in dental implant technology, has entered into a definitive agreement to be acquired by healthcare-focused investment firm ARCHIMED. The all-cash transaction values ZimVie at approximately $730 million, or $19.00 per share — nearly double its 90-day volume-weighted average price of $9.57.
For ZimVie shareholders, the nearly 99% premium represents a compelling exit, especially as the company faced headwinds in public markets. The deal will take the Florida-based firm private, offering it the strategic flexibility and financial backing often difficult to realize under the scrutiny of quarterly earnings and shareholder pressure.
The acquisition is expected to close by the end of 2025, pending regulatory and shareholder approvals. Until then, ZimVie will continue to operate independently.
ZimVie has carved out a niche in the global dental implant market, developing and delivering a comprehensive portfolio of restoration products and digital workflow solutions. Its global footprint and innovation in oral health make it a prime example of a middle-market firm with strong fundamentals and potential for accelerated growth under private ownership.
ARCHIMED’s interest aligns with a broader trend: private equity firms are showing renewed appetite for small and mid-cap healthcare players that have proven tech, scalable platforms, and room for international expansion. ARCHIMED, which manages €8 billion across its healthcare-focused funds, has a track record of guiding companies through global scaling, M&A, and innovation cycles.
While this deal removes a promising small-cap from public investor reach, it also sends a positive signal to investors looking to identify the next undervalued gem. ZimVie’s valuation leap shows that quality middle-market healthcare firms can still command significant premiums — and that smart capital is actively hunting in this space.
Notably, ZimVie has entered a 40-day “go-shop” period, during which it can solicit competing bids. Though there’s no guarantee of a superior proposal, this opens the door for additional interest, potentially raising the final sale price — a factor for investors still holding shares.
As healthcare innovation continues to be a resilient sector, especially in medtech and dental care, this deal could be a bellwether. Middle market investors may find increasing value in companies that combine specialized solutions with long-term demand — especially before they’re targeted by institutional buyers.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Updated Model. Earlier this week, Bit Digital announced preliminary revenue for 2Q25 in the $24.3-$26.9 million range, which is modestly below our and consensus estimates. The difference, in our view, is likely driven by the push to the right of some contracts. We are not too concerned as of now, as we expect the contracts to come online this year.
Adjusted Numbers. We lowered our 2Q revenue expectation to $25.3 million from a prior $31.6 million, with the biggest change coming in the Cloud Services and Mining line items. Net loss is now at $4.4 million, or $0.02/sh, versus a prior loss of $1.4 million, or $0.01/sh.
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Deal Enhances Social Mobile’s Position in Enterprise Mobility and Expands Carrier Channel Reach
In a strategic move to strengthen its leadership in the enterprise mobility space, Social Mobile announced it has entered into a definitive agreement to acquire the assets and liabilities of Sonim Technologies (NASDAQ: SONM). The all-cash transaction is valued at $20 million, including a $5 million potential earn-out, and is expected to close in the fourth quarter of 2025, pending customary closing conditions.
The acquisition aligns with Social Mobile’s long-term strategy to expand its footprint in the purpose-built enterprise mobility market. Sonim Technologies, known for its rugged mobile solutions trusted by first responders, government agencies, and Fortune 500 companies, brings a complementary product portfolio and proven expertise in mission-critical communications to Social Mobile’s custom enterprise offerings.
“This acquisition creates a powerful synergy between Sonim’s durable, field-tested devices and Social Mobile’s scalable, custom mobility solutions,” said a spokesperson for Social Mobile. “Together, we are better positioned to deliver innovative, secure, and tailored mobility ecosystems that meet the evolving needs of our global clients.”
Sonim’s Board of Directors has approved the agreement.
Founded in 1999, Sonim Technologies has established itself as a leading U.S. provider of ultra-rugged phones, wireless data devices, and accessories, with a distribution footprint across North America, EMEA, and Asia-Pacific. The company’s products are widely adopted in industries where durability, security, and performance are non-negotiable.
For Social Mobile, a Google-certified Android Enterprise Gold Partner, this acquisition not only enhances its enterprise-grade product suite but also significantly expands its sellable addressable market, particularly through carrier channels where Sonim has longstanding relationships.
Social Mobile specializes in developing custom mobility solutions for clients across healthcare, transportation, retail, and defense. With over 15 million devices distributed globally, the company offers end-to-end services from design and deployment to lifecycle management, ensuring product availability and operational efficiency at scale.
As enterprise mobility demand continues to rise, the combined capabilities of Social Mobile and Sonim are expected to unlock new revenue opportunities and deliver greater value to customers looking for rugged, reliable, and custom-built mobile solutions.
Uber is taking a bold step into the future of mobility with a newly announced six-year, $300 million partnership aimed at deploying more than 20,000 autonomous electric vehicles across the United States. The ride-hailing giant has partnered with luxury electric vehicle manufacturer Lucid and autonomous driving startup Nuro to bring a custom-built fleet of robotaxis to the streets starting next year.
The deal, revealed Thursday, signals Uber’s deeper push into self-driving technology, a space that has seen accelerating momentum in recent years. As part of the agreement, Uber will invest $300 million in Lucid, helping to fund the development of a new line of electric vehicles designed specifically for autonomous ride-hailing. Nuro, known for its robotics expertise and backed by investors like Google and SoftBank’s Vision Fund, will supply the Level 4 autonomous driving software that powers these vehicles.
Under the terms of the partnership, Lucid will manufacture and supply at least 20,000 robotaxis to Uber over the next six years. These vehicles will be equipped with Nuro’s full-stack self-driving system, capable of handling everyday driving without human intervention under typical conditions. Testing of the first prototype is already underway at Nuro’s proving grounds in Las Vegas, where the vehicles are being refined in preparation for public deployment.
The companies expect the program to launch in a major U.S. city in 2026, though they have not yet disclosed which one. The initiative builds on Uber’s recent expansion with Alphabet-backed Waymo, which brought self-driving ride services to cities like Atlanta and Austin earlier this year. With the new Lucid-Nuro partnership, Uber is doubling down on its long-term strategy to integrate more fully autonomous vehicles into its platform.
Lucid’s role is particularly significant, as the company brings to the table its EV engineering and range capabilities. Its upcoming Gravity SUV, which boasts a 450-mile battery range, will serve as the initial vehicle platform for the robotaxi fleet. This extended range is expected to reduce charging downtime and lower operating costs, while also increasing vehicle availability on the Uber platform.
Nuro described the agreement as a scalable model for commercial robotaxi programs worldwide. With significant investment from top-tier venture capital firms and an extensive R&D history in autonomous systems, Nuro is positioning itself as a key player in next-generation transportation infrastructure.
Lucid, for its part, sees this partnership as a strategic move into a new, high-growth segment of the EV market. While traditionally focused on luxury electric sedans and SUVs, the company is now expanding into fleet-based mobility services, opening the door to recurring revenue through large-scale partnerships.
Together, the three companies aim to create a purpose-built robotaxi experience that blends safety, efficiency, and advanced EV design. As Uber continues to diversify beyond its traditional driver-based model, this alliance marks a major step toward a more autonomous and electrified future of urban mobility.
NEW YORK–(BUSINESS WIRE)– Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced that it plans to release its financial results for the second quarter of 2025 before U.S. markets open on Tuesday, July 29, 2025.
About Perfect Corp.
Founded in 2015, Perfect Corp. is a leading AI company offering self-developed AI- and AR- powered solutions dedicated to transforming the world with digital tech innovations that make your virtual world beautiful. On its direct to consumer business, Perfect operates a family of YouCam consumer apps and web-editing services for photo, video and camera users, centered on unleashing creativity with AI-driven features for creation, beautification and enhancement. On the enterprise business side, Perfect empowers major beauty, skincare, fashion, jewelry, and watch brands and retailers by supplying them with omnichannel shopping experiences through AR product try-ons and AI-powered skin diagnostics. With cutting-edge technologies such as Generative AI, real-time facial and hand 3D AR rendering and cloud solutions, Perfect enables personalized, enjoyable, and engaging shopping journey and helps brands elevate customer engagement, increase conversion rates, and propel sales growth. Throughout this journey, Perfect maintains its unwavering commitment to environmental sustainability and fulfilling social responsibilities. For more information, visit https://ir.perfectcorp.com/.
Zimmer Biomet (NYSE: ZBH), one of the world’s leading medical technology companies, announced a definitive agreement to acquire Monogram Technologies (NASDAQ: MGRM), a fast-growing robotics innovator, in a strategic move that could redefine the future of orthopedic surgery. The $177 million all-cash deal includes an upfront payment of $4.04 per share and a potential additional $12.37 per share via a non-tradeable contingent value right (CVR), contingent on milestones through 2030.
The acquisition marks a major milestone in Zimmer Biomet’s mission to deliver a next-generation surgical robotics platform. Monogram brings proprietary semi- and fully autonomous robotic systems designed for total knee arthroplasty (TKA), bolstered by FDA clearance in early 2025. The deal also positions Zimmer Biomet to be the first company in orthopedics to offer a fully autonomous surgical robot—a potential game-changer in an increasingly tech-driven sector.
Zimmer Biomet’s existing ROSA® Robotics platform already leads in imageless robotics and is nearing 2,000 global installations. By integrating Monogram’s AI-driven, CT-based surgical systems, the company expands its portfolio to address varying surgeon preferences—manual, semi-autonomous, or fully autonomous—and across different anatomical procedures.
This acquisition gives Zimmer Biomet a first-mover advantage in the race for orthopedic robotics innovation. With Monogram’s platform, the company aims to deliver safer, more efficient surgeries and drive adoption across hospitals and ambulatory surgery centers (ASCs) seeking digital and robotic enhancements.
Monogram’s technology complements Zimmer Biomet’s current development pipeline, including ROSA Knee with OptimiZe, ROSA Posterior Hip, and ROSA Shoulder—key components of its multi-year plan to remain the global leader in orthopedic robotics.
Financially, the acquisition is expected to be neutral to Zimmer Biomet’s adjusted earnings per share through 2027 and accretive thereafter. Management projects high-single-digit returns on invested capital by year five, fueled by accelerated robotic knee adoption, greater share of wallet, and broader customer reach in the U.S. and internationally.
Tariffs and broader market volatility have weighed on the healthcare sector in 2025, but Zimmer Biomet’s move signals a long-term, innovation-led growth strategy. By enhancing its robotics suite, the company is positioning itself to capture demand in one of the fastest-growing medtech segments.
With regulatory approval and Monogram shareholder consent still pending, the merger is expected to close later this year. Once complete, Zimmer Biomet will be uniquely positioned with the industry’s most flexible and comprehensive orthopedic robotics ecosystem.
This acquisition isn’t just a strategic bolt-on; it’s a forward-looking bet on where surgery is headed—autonomous, data-driven, and personalized. For investors seeking exposure to the convergence of AI, robotics, and healthcare, Zimmer Biomet’s expanding portfolio offers a compelling case for long-term value creation.
Bitcoin has once again captured the spotlight after smashing through the $112,000 mark this week—its first all-time high since May 2025. This milestone solidifies the cryptocurrency’s remarkable comeback and affirms its growing relevance in mainstream finance. As of Thursday morning, BTCUSD is trading slightly below its record, consolidating gains while traders and investors alike look ahead to what’s next.
The digital asset’s latest rally is driven by a combination of favorable technicals, strengthening institutional demand, and a more constructive policy environment in the U.S. That’s an increasingly powerful trifecta in a year where markets have otherwise been defined by policy uncertainty and choppy economic data.
Technically, Bitcoin has broken above the top of a descending channel it’s been trading in since late May. This kind of breakout is often viewed as a bullish continuation signal, suggesting the uptrend that started earlier in the year may still have room to run.
Momentum indicators such as the Relative Strength Index (RSI) remain strong but not yet overbought, implying the rally could continue without immediate risk of a pullback. A widely used forecasting technique known as the measuring principle places Bitcoin’s next major upside target near $146,400, suggesting a potential 30% gain from current levels.
Fundamentally, Bitcoin’s breakout is underpinned by a steady stream of positive developments. Notably, more corporations have begun adding Bitcoin to their balance sheets—signaling long-term belief in its value as a hedge or store of wealth. Meanwhile, lawmakers in Washington are making progress on bipartisan crypto legislation aimed at providing regulatory clarity, particularly around digital asset custody and taxation.
Additionally, the rise of spot Bitcoin ETFs continues to attract institutional money that might otherwise avoid crypto exchanges. While trading volumes on platforms like Coinbase remain muted, demand through custodial services and ETFs is on the rise—a sign that “quiet accumulation” is likely underway.
Bitcoin is up nearly 19% year-to-date, a performance that puts it in line with top-performing tech stocks like Microsoft and Nvidia. For many investors, this reinforces the asset’s appeal as a digital growth play with asymmetric upside potential.
While the medium- and long-term outlook remains bullish, investors should keep an eye on near-term support. The$107,000level, just under the breakout trendline and 50-day moving average, could serve as the first key floor during any pullbacks.
A break below that might open the door for a retest of the psychological$100,000 level, which coincides with a dense area of price action from late 2024 and early 2025.
Bitcoin’s new all-time high marks more than just a number—it reflects growing maturity in the asset class. Whether you’re a long-term believer or a tactical trader, the setup ahead presents both opportunity and risk. But for now, Bitcoin’s breakout confirms what many in the crypto space have long expected: the next chapter of mainstream adoption is already underway.
STAMFORD, Conn.–(BUSINESS WIRE)– Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, said today it will release its second-quarter financial results on Wednesday, August 6, 2025, at approximately 4:15 p.m., U.S. Eastern Time.
The firm will host a conference call with investors and industry analysts at 9 a.m., U.S. Eastern Time, the following day, Thursday, August 7. Dial-in details are as follows:
The dial-in number for U.S. participants is +1 (800) 715-9871.
International participants should call +1 (646) 307-1963.
The security code to access the call is 9414856.
Participants are requested to dial in at least five minutes before the scheduled start time.
A recording of the conference call will be accessible on ISG’s investor relations page for approximately four weeks following the call.
About ISG
ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
Parrot Uncle is a World Leading Ceiling Fan and Home Décor Manufacturer Selling Millions of Ceiling Fans in the U.S. and Global Markets
Ceiling Fans and Space Heaters Category Represents a Multi-Billion-Dollar Annual Market with Tens of Millions of Units Sold in the U.S. Alone
SKYX Anticipates Q3 Winter Global Launch Will Support its Path to Cash-Flow Positive in 2025
MIAMI, July 08, 2025 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (“SKYX” or the “Company”), a highly disruptive smart home platform technology company with over 100 issued and pending patents globally and a growing portfolio of over 60 lighting and home décor websites, with a mission to make homes and buildings become smart, safe, and advanced as the new standard, today announced a U.S. and global sales and marketing collaboration agreement with Parrot Uncle, a world leading ceiling fan and home décor manufacturer selling millions of fans globally.
SKYX and Parrot Uncle will jointly market SKYX’s disruptive technologies and products in the U.S. and to global markets including its patented all-in-one smart turbo heater & ceiling fan.
The ceiling fan and space heater category represents a multi-billion-dollar annual market with tens of millions of units sold in the U.S. alone.
In response to the strong demand, SKYX will introduce two different versions of the product each in 6 to 8 colors, designed to meet both residential and commercial needs. Production has officially begun with the Company’s manufacturing partners, and SKYX anticipates a broad launch in Q3 2025, aligned with the upcoming winter season.
This highly innovative product—integrating a ceiling fan with a built-in heater—is designed to address a massive market opportunity for all four seasons. The combined ceiling fan and portable heater category is a multi-billion-dollar market, with tens of millions of units sold annually in the U.S. alone.
The Company believes that the successful launch of this product line is a critical milestone on its path toward achieving cash-flow positive operations in 2025.
Rani Kohen, Founder and Executive Chairman of SKYX Platforms Corp., stated: “This sales and collaboration agreement with Parrot Uncle is strategic for both U.S. and global markets. This exemplifies our commitment to global strategic relationships based on our innovation, safety, and global market products. As we prepare for our upcoming launch, we believe this breakthrough all-in-one heater ceiling fan solution will drive significant value for our customers, partners, and shareholders.”
To view SKYX’s technologies in action, click here: 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 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.
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.
One of the first contactless payment systems introduced for boat transportation in Italy
MILAN & FLORHAM PARK, N.J. — Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), has implemented a new EMV (Europay, Mastercard, and Visa) contactless payment system for Gestione Governativa Navigazione Laghi, the government agency of the Ministry of Infrastructure and Transport that operates a fleet of boats on Lakes Maggiore, Garda, and Como in northern Italy. This marks one of the first EMV contactless payment systems deployed for boat transportation in Italy.
Enhancing Passenger Convenience Through Digitalization
The new contactless payment system simplifies transactions for passengers by enabling tap-in and tap-out payments using the on-board validators with contactless debit and credit cards, as well as NFC-enabled digital wallets. This advancement modernizes the fare structure and facilitates the digitalization of payments, making travel more seamless and efficient.
Complementing the electronic ticketing system previously implemented by Conduent at ticket offices across the three lakes, this new solution enhances on-board accessibility, facilitating a smooth travel experience for the 12 million passengers Navigazione Laghi serves annually.
“Operating an efficient, passenger-friendly boat fleet is vital to the transportation network on Lakes Maggiore, Garda, and Como, which are some of Italy’s most visited destinations,” said Pietro Marrapodi, Government Manager at Navigazione Laghi. “As part of the public tender won by Conduent, we first introduced electronic ticketing, and now we’ve further enhanced the system with EMV contactless payment. This upgrade gives passengers more flexible ticketing options, ensuring a seamless travel experience.”
Industry Leaders in EMV Payment Systems for Transportation
“Navigazione Laghi’s adoption of contactless EMV payment systems reflects a global shift toward digitalized ticketing,” said Jean-Charles Zaia, President, Transit Solutions at Conduent. “Across the world, transportation authorities are modernizing their systems, encouraging wider adoption of EMV payment methods. Contactless EMV solutions make travel easier for passengers while enabling dynamic and flexible fare management – key benefits of public transport digitalization.”
Conduent fare collection systems are in use on more than 400 public transit networks of all sizes around the world. In July 2024, Conduent announced that it had launched a contactless payment system on the Venice transportation network managed by Azienda Veneziana della Mobilità (AVM).
Conduent Transportation is a leading provider of streamlined, high-volume mobility services and solutions, spanning tolling and advanced transit systems, which enhance the services provided by transportation agencies to benefit the citizens who use them. For over 50 years, the company has helped clients advance transportation solutions in more than 20 countries.
About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 56,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $85 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
