Core Insights - SKYX Platforms Corp. has announced the issuance of 8 new patents, bringing its total to over 100 issued and pending patents globally, with 45 of these being issued patents [1][3][4] - The company's patent portfolio includes advanced plug-and-play smart home platforms, AI capabilities, home safety sensors, and various lighting solutions [2][3] - SKYX's Total Addressable Market (TAM) exceeds $500 billion, highlighting the significant value created by its robust patent portfolio [3] Patent Portfolio - The newly issued patents span multiple countries including the U.S., India, Japan, U.K., France, Germany, Italy, and Spain [1] - The patents cover technologies related to safety, smart home, AI, electrical, lighting, and ceiling fan industries [3][4] Company Vision and Mission - The company aims to establish smart, safe, and advanced homes and buildings as the new standard [4] - SKYX emphasizes high quality and ease of use in its technologies, which are designed to enhance safety and lifestyle in homes and buildings [4]

Core Insights - SKYX Platforms Corp. anticipates a broad launch of its all-in-one smart ceiling fan and heater in Q3 2025, aiming to achieve cash-flow positive operations by 2025 due to strong demand [1][3][5] Industry Overview - 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 [1][2] - The innovative product integrates a ceiling fan with a built-in heater, addressing a significant market opportunity across all four seasons [2][3] Company Developments - SKYX will introduce two different models of the product, each available in 6 to 8 colors, targeting both residential and commercial needs [3] - Manufacturing has commenced through long-term partners, indicating a commitment to meeting the anticipated demand [1][3] - The company holds over 97 issued and pending patents globally, emphasizing its focus on innovation and safety in smart home technology [1][6]

Core Insights - SKYX Platforms Corp. has been selected as the exclusive smart home infrastructure provider for a $3 billion mixed-use development in Miami, which will deploy over 500,000 smart home devices [1][2] - The company is set to be included in the Russell 2000® and Russell 3000® Indexes, effective June 27, 2025, as part of FTSE Russell's annual reconstitution [4] - SKYX reported record Q1 2025 results with revenue of $20.1 million, a 4.8% sequential gross margin improvement, and a 17% reduction in general and administrative expenses [5] Company Developments - The Miami project spans 63 acres in the Little River District and will integrate SKYX's patented plug & play technologies across more than 5,700 residential units, including 2,400 affordable apartments [2] - The advanced plug & play smart platform aims to support the next generation of urban developments, contributing to a connected and efficient living environment [4] - The company has expanded its footprint across the U.S. and Canada and anticipates achieving cash flow positivity in the second half of 2025, supported by its razor-and-blade business model [5] Technological Innovations - SKYX holds over 97 U.S. and global patents and patent pending applications for its advanced-safe-smart platform technologies [6] - The company's mission is to make homes and buildings safer and smarter, emphasizing high quality and ease of use to enhance safety and lifestyle [6]

Core Insights - SKYX Platforms Corp. is set to be added to the Russell 2000® and Russell 3000® Indexes, effective June 27, 2025, following the 2025 annual reconstitution [1][2] - The inclusion in these indexes is expected to enhance investor awareness and increase institutional ownership of SKYX's technology platform [3] Company Overview - SKYX is a smart home platform technology company with over 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites [1][4] - The company's mission is to make homes and buildings smart, safe, and advanced, positioning its products as essential in both residential and commercial segments [4] Market Context - The Russell indexes rank the largest U.S. public companies by total market capitalization, with approximately $10.6 trillion in assets benchmarked to these indexes [2][3] - Inclusion in the Russell 3000® Index provides automatic membership in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with relevant growth and value style indexes [2]

Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "United States Wine Cooler Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering.The United States wine cooler market size was around USD 332 million in 2024 and is expected to grow to around USD 522.3 million by 2033, with a compound annual growth rate (CAGR) of 5.17% during the period from 2025 to 2033 The growth is fueled by rising wine consumption in American homes, prompting ...

MIAMI, May 13, 2025 (GLOBE NEWSWIRE) -- SKYX (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, announced today that it has secured approximately $4 million in recent funding from strategic investors through the purchase of preferred stock representing $2.00 per share. This investment is part of a broader ...