SKYX Provides Corporate Update Including $9.5 Million in Recent Investment from its Leading Investors as it Continues to Grow its Market Penetration

Core Insights - SKYX Platforms Corp. is expanding its AI ecosystem and product offerings, including the launch of its patented SKYFAN and Turbo Heater in major U.S. retailers and the Canadian market, driven by strong demand [1] - The company anticipates achieving cash flow positivity with the winter launch of its products and aims to deploy over 60,000 units by the end of Q1 2026 [1][5] - SKYX has reported consistent revenue growth over seven consecutive quarters, with revenues increasing from $19 million in Q1 2024 to $24 million in Q3 2025 [1][5] Financial Position - As of September 30, 2025, the company reported $13 million in total cash and has raised an additional $9.5 million from leading shareholders [2] - SKYX has extended and converted $13.5 million in notes due to 2030, indicating a strategic approach to managing its financial obligations [2] Product and Market Expansion - The company is collaborating with prominent developers to deploy over 25,000 units of its smart technologies in projects in Austin and San Antonio, Texas [1][5] - A significant partnership with Global Ventures Group aims to introduce SKYX's technologies into tens of thousands of homes and hotel rooms across the Middle East [5] - The total addressable market for SKYX's products in the U.S. is estimated at $500 billion, with over 4.2 billion ceiling applications available [9] Technological Advancements - SKYX is launching a new AI-driven software for its e-commerce platform, expected to increase conversion rates and sales by up to 30% [1][5] - The company is focused on a "Razor & Blades" business model, offering advanced ceiling electrical outlets and smart home plug & play products [9] Safety and Standardization Efforts - SKYX's Safety Code Standardization Team is making progress with support from industry leaders to establish mandatory safety standards for its technologies [1][5] - The company believes its products can significantly reduce costs for insurance companies by minimizing risks associated with electrical hazards [5]