SKYX Platforms (US:SKYX) Prism Media Wireยท2024-07-11 13:14Core Viewpoint - SKYX Technologies has announced the production of its new globally patented advanced, smart, plug & play recessed light, aiming to enhance safety and ease of installation in homes and buildings [5][6]. Group 1: Product and Technology - The new recessed light features a Plug & Play installation that simplifies the process and reduces risks associated with hazardous electrical wiring [5]. - SKYX holds over 94 U.S. and global patents, with 36 issued patents specifically covering its advanced Plug and Play and smart home platform technologies [6]. - The recessed lights can be controlled via the SKYX app, voice control, and are compatible with major platforms like Apple's Siri, Amazon Alexa, Google Home, and Samsung [5]. Group 2: Market Potential - The global recessed light market is described as a multi-billion-unit market, indicating significant growth potential for SKYX's new product [5]. - The company's total addressable market (TAM) exceeds $500 billion, highlighting the substantial value created by its robust patent portfolio [6]. Group 3: Company Mission and Vision - SKYX's mission is to make homes and buildings smart, safe, and advanced, positioning its products as essential in every room [3]. - The company emphasizes high quality and ease of use in its technologies, aiming to enhance safety and lifestyle in residential and commercial settings [3].