Patrick McCann

Jack Vander Aarde

Brandon B. Rogers

Gerard Sweeney

Gerry Sweeney

Paul Cooney

- **SKYX Platforms Corp.** has entered into an agreement with **Global Ventures Group** to deploy its advanced smart home and smart building technologies.  **[1598981_a03b0f2f49f24ddeb000b1e4f2a34dd5_0]** 
- The collaboration will focus on residential, commercial, and hotel projects in the **Middle East, including Saudi Arabia and Egypt**.  **[1598981_a03b0f2f49f24ddeb000b1e4f2a34dd5_0]** 
- Global Ventures Group intends to integrate SKYX's technologies into **tens of thousands of homes and hotel rooms**, with SKYX anticipating the deployment of **hundreds of thousands of products**.  **[1598981_a03b0f2f49f24ddeb000b1e4f2a34dd5_0]** 
- This initiative is expected to create **long-term recurring revenue opportunities** for SKYX through monitoring, subscriptions, and AI services.  **[1598981_a03b0f2f49f24ddeb000b1e4f2a34dd5_0]**

SKYX Platforms Partners with Global Ventures Group for Middle East Deployment

- **SKYX Platforms Corp.** restructured **$7.6 million** in outstanding convertible promissory notes, extending their maturity by **5 years to October 17, 2030**.  **[1598981_0001493152-25-018513_form8-k.htm:1]** 
- The company secured an additional **$2 million** in capital from an existing investor, resulting in a total of **$9.6 million** in 5-year subordinated secured convertible promissory notes.  **[1598981_0001493152-25-018513_form8-k.htm:1]** 
- The **$2 million** in incremental proceeds will be utilized for general working capital purposes.  **[1598981_0001493152-25-018513_form8-k.htm:1]** 
- These notes are convertible into common stock at **$1.20 per share** and carry a **10% annual interest rate**, with **7% payable in cash quarterly** and the remaining **3% payable in cash or common stock** at the holder's election.  **[1598981_0001493152-25-018513_form8-k.htm:1]**

SKYX Platforms Corp. Restructures Debt and Secures Additional Capital

- SKYX Platforms offers smart home and building technologies, including Gen 1 and Gen 2 Sky Plugs currently in the market, with the **Gen 3 Sky All-in-One Smart Home Platform** expected to enter production by the **end of Q4**.  **[0001598981_2174363_1]** **[0001598981_2174363_3]** 
- The company reported **$58.8 million in sales for 2023** and **$86.6 million for 2024**, and secured **$15 million in private equity funding** starting October 2024.  **[0001598981_2174363_3]** 
- SKYX has achieved significant regulatory recognition, including being defined as a **Weight Support Ceiling Receptacle (WSCR)** in the National Electrical Code (NEC), addressing safety and ease of installation.  **[0001598981_2174363_4]** **[0001598981_2174363_5]** 
- Strategic collaborations include Home Depot, Wayfair, and a **$3 billion Miami urban smart city project** where SKYX is the smart technology enabler, projecting **500,000 units** of its applications.  **[0001598981_2174363_3]** **[0001598981_2174363_9]** 
- A new all-in-one smart heater and fan is launching in **Q4**, which is expected to contribute significantly towards achieving **cash flow breakeven**.  **[0001598981_2174363_7]** **[0001598981_2174363_8]**

SKYX Platforms Discusses Product Launches, Regulatory Milestones, and Financial Outlook

- SKYX Platforms has been chosen to supply over **500,000 units** of its plug-and-play platform technologies and AI ecosystem for a **new Miami $3 billion smart urban smart city** project, developed by SG Holdings and the Swerdlow Group.  **[1598981_2162559_1]** **[1598981_2162559_2]** 
- The company is expanding its market penetration, recently demonstrating its advanced lighting technologies in a **Marriott SpringHill Suites renovation** to highlight significant time and cost savings.  **[1598981_2162559_2]**  Its Gen 1 and Gen 2 products are currently in the market, with the **Gen 3 all-in-one smart home platform** and an **all-in-one fan and heater** expected to be in production by the end of this year and impactful in Q4, respectively.  **[1598981_2162559_4]** **[1598981_2162559_6]** 
- SKYX's technology has achieved significant regulatory milestones, including being voted into **10 paragraphs of the National Electrical Code** and receiving historic approval from **ANSI and NEMA**, resulting in its product being codified as the **WSCR (weight support ceiling receptacle)**.  **[1598981_2162559_4]** **[1598981_2162559_5]** 
- The company reported revenue history of **$2,358A** and **$2,486.3 million**, showing quarter-to-quarter sequential comparative growth.  **[1598981_2162559_3]**  By the end of Q3, SKYX expects to have approximately **40,000 receptacles** in the market.  **[1598981_2162559_3]**

SKYX Platforms Announces Smart City Deployment and Hotel Sector Inroads

- SKYX Platforms Corp. projects **$86.3 million** in revenue for **2025**, an increase from **$58.8 million** in **2023**, and aims to be **cash flow break-even by the end of 2025**.  **[1598981_2145822_2]** **[1598981_2145822_6]**  The company's gross margins are currently around **30%**.  **[1598981_2145822_6]** 
- The company is a key participant in a **$3 billion Smart City project in Miami**, which is anticipated to generate over **500,000 unit sales** of its Generation 1, 2, and 3 products.  **[1598981_2145822_2]** 
- SKYX has achieved significant regulatory milestones, including being codified into **10 segments of the U.S. electrical code** and receiving approval from **ANSI and NEMA in 2023** for commercial buildings.  **[1598981_2145822_4]**  The National Electrical Code has also redefined "receptacle" to include SKYX's outlet, and the company has applied for **mandatory status** for the National Electrical Code.  **[1598981_2145822_4]** 
- SKYX's products, including the upcoming Generation 3 and all-in-one smart heater fan, are designed to save almost **90% of the time and cost** for installation in new construction and renovations, while also enhancing safety by addressing issues like electrical fires and ladder falls.  **[1598981_2145822_4]** **[1598981_2145822_5]** **[1598981_2145822_6]**

SKYX Platforms (SKYX)