SKYX Signs Agreement with Prominent U.S. and International Real Estate Developers Global Ventures Group to Deploy its Advanced Smart Home Technologies to Buildings and Hotels in Middle East Projects Including Saudi Arabia and Egypt

Core Insights - SKYX Platforms Corp. has entered into an agreement with Global Ventures Group to deploy its smart home technologies in residential, commercial, and hotel projects across the Middle East, particularly in Saudi Arabia and Egypt, marking a significant step in its global expansion strategy [1][4] Group 1: Agreement and Expansion - The agreement aims to deploy SKYX's advanced smart home technologies into tens of thousands of homes and hotel rooms [1] - SKYX expects to supply hundreds of thousands of units of its smart home products, including various lighting solutions and smart home platforms [3] Group 2: Technology and Revenue Opportunities - SKYX's technologies are anticipated to provide long-term recurring revenue opportunities through monitoring, subscriptions, and AI services, alongside product upgrades and platform-wide integrations [1] - The company holds over 100 pending and issued patents globally, emphasizing its commitment to innovation in smart home technology [5] Group 3: Leadership and Vision - Randall Langer, CEO of Global Ventures Group, expressed excitement about integrating SKYX's technologies to enhance safety, convenience, and design standards in the Middle East [4] - Rani Kohen, Founder and Executive Chairman of SKYX, highlighted the collaboration's potential to enhance the value of buildings and create safer, advanced smart homes [4]