SKYX Platforms Corp. (NASDAQ: SKYX), a developer of advanced smart home and AI platform technologies, announced an agreement with OTT Heritage Hospitality, a prominent European developer, to deploy and market SKYX's technologies across the European hotel sector. The partnership aims to penetrate a market comprising over 132,000 hotels, with hundreds of thousands of additional rooms in the development pipeline, as well as residential and commercial projects.
Under the agreement, SKYX and OTT Heritage Hospitality expect to deploy hundreds of thousands of units across European hotels and real estate developments. OTT Heritage Hospitality will leverage its platform and network to facilitate adoption, emphasizing significant time and cost efficiencies—up to 90%—offered by SKYX's technologies. These efficiencies are critical for hotel renovations and new builds, enabling properties to become smarter, safer, and more technologically advanced.
Jean-François Ott, Founder of OTT Heritage Hospitality, stated, "As a long-time developer of hotel and real estate projects, I see a tremendous opportunity in marketing and facilitating the penetration of SKYX's highly disruptive technologies into hotels and real estate projects across Europe. By leveraging significant time and cost efficiencies of up to 90% for hotel renovations as well as new builds, we can enable properties to become smarter, safer, and more technologically advanced."
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, commented, "This partnership marks a significant step in our global expansion strategy as we continue with our goal and mission to advance hotels, homes, and buildings by making them smarter and safer. We look forward to partnering with such an established European hotel and real estate developer."
SKYX's technologies are expected to offer long-term recurring revenue opportunities through monitoring, subscriptions, and AI services, in addition to product upgrades, interchangeability, and platform-wide integrations for future development. The company holds over 100 U.S. and global patents and pending patent applications, along with a portfolio of 60 lighting and home décor websites.
For more information about OTT Heritage Hospitality, visit www.ottheritagehospitality.com. For more about SKYX, visit www.skyx.com.
