SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, announced a corporate update on February 19, 2026, detailing new product launches, a collaboration with NVIDIA, and significant investments from fundamental institutions. The company reported over $33 million in cash raised since September 30, 2025, including a $25 million investment at $2.50 per share with no warrants, strengthening its balance sheet to execute growth initiatives and progress toward cash-flow generation and profitability.
SKYX announced a collaboration with the NVIDIA AI Ecosystem Connect Program and expects to grow this collaboration into existing and future smart home projects. Additionally, the company launched its patented advanced SKYFAN and Turbo Heater at Home Depot, including a new SkyPlug branding page on homedepot.com. The Turbo Heater Fan has also been launched at Target, Walmart, Lowe’s, and through its e-commerce platform with 60 websites.
SKYX’s revenues have increased for seven consecutive comparable quarters from Q1 2024 through Q3 2025, and the company expects continued quarterly growth. It anticipates securing additional significant business opportunities in 2026, including supplying advanced and smart home technologies to projects such as a North Carolina smart home community, developments in Austin, San Antonio, Miami’s new $4 billion smart city, and international projects in Saudi Arabia and Egypt. The company expects to deploy over 1 million units of its plug-and-play technologies during these projects.
SKYX continues to grow its market penetration and expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments. The company’s safety code standardization team is progressing toward a mandatory safety standardization for its ceiling outlet/receptacle technology, supported by industry veterans Mark Earley and Eric Jacobson. The team believes the technology has met necessary safety conditions for becoming a ceiling safety standardization requirement.
SKYX’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions. The company has secured strategic manufacturing partnerships in the U.S., Vietnam, Taiwan, China, and Cambodia. With a total addressable market of roughly $500 billion in the U.S. alone, SKYX aims to make homes and buildings safe and smart as the new standard.
