SKYX Platforms Corp. (NASDAQ: SKYX), an advanced and smart home platform technology company, announced a strategic partnership agreement with prominent European real estate and hotel developer Jean-François Ott, founder of Group OTT. Under the agreement, SKYX's technologies will be deployed as a brand standard across Group OTT's existing and future hotels and buildings throughout Europe.
Over the past 35 years, France-based Group OTT has developed more than 250 hospitality, residential, and commercial buildings valued at over $4 billion. The integration of SKYX's technologies is expected to reduce up to 90% of time and cost during hotel and building renovations and new builds, while providing advanced and safer properties.
Jean-François Ott, founder of Group OTT, expressed excitement about the partnership, stating, 'Throughout all these projects, our goal has always been to deploy leading and highly disruptive technologies. By integrating SKYX's technologies into these properties, we will cut significant time and cost while advancing the lifestyle and safety standards of our hotels and buildings.'
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said, 'We are very excited to be in this strategic partnership with an established and prominent European hotel and real estate developer such as Jean-François Ott and Group OTT. We look forward to collaborating with him and all his companies on their European and global existing and upcoming projects to enhance the value of their properties while creating advanced, smart, and safer hotels and buildings of the future.'
SKYX's patented 'smart ceiling' technology replaces fixed electrical wiring for ceiling lights, fans, smart tech, and other equipment with an integrated ceiling receptacle system. This innovation enables simplified and safer installation with no exposed wiring, significant reductions in installation time and costs, easier maintenance and enhanced modularity, and native integration of connected features. The approach introduces a paradigm shift in building infrastructure, comparable to the historical emergence of standardized wall outlets.
SKYX is currently in discussions with additional hotel groups and owners regarding the utilization of its smart advanced time and cost-saving technologies for hotels and buildings. The company holds over 100 U.S. and global pending and issued patents and owns a portfolio of 60 lighting and home décor websites.
For more information about Jean-François Ott and Group OTT, visit https://www.groupott.com/. For more information about SKYX, visit https://www.skyx.com/.
