SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, announced it will supply its advanced technologies to a new residential project in Pittsford, New York. The Pittsford Oaks Apartments, developed by Daniele Management & Development Group, will feature 171 residential units equipped with SKYX's smart plug-and-play products, including ceiling lighting, recessed lights, wall lights, and LED backlight mirrors. The company expects to deliver approximately 10,000 units of its technologies to the development.
The project underscores SKYX's strategy to integrate its products into new construction, aiming to make smart home features standard in residential buildings. The technologies are designed to enhance safety and convenience, with potential for future recurring revenues through upgrades, AI services, and subscriptions. SKYX holds over 100 issued and pending patents globally and operates 60 lighting and home decor websites.
Pittsford Oaks Apartments will offer amenities such as a clubhouse, fitness center, meeting facilities, landscaped green spaces, Erie Canal trail access, and underground heated parking. Danny Daniele, President of Daniele Management & Development, noted the collaboration would provide cost savings in construction and maintenance while delivering superior products. Rani Kohen, Founder and Executive Chairman of SKYX, expressed enthusiasm for working with innovative developers to enhance property value and create safer, smarter homes.
This announcement follows SKYX's broader market expansion efforts. The company's technologies are positioned to become a standard feature in homes and buildings, similar to electricity. For more details on the Pittsford Oaks project, visit https://www.pittsfordoaks.com/. A demo of SKYX's technologies is available via https://www.skyplug.com/.
The development represents a significant step for SKYX in penetrating the New York residential market, with implications for future growth and recurring revenue streams. As the company continues to partner with developers, it aims to drive adoption of its smart home solutions as a new standard in construction.
