Miami, FL, May 22nd, 2025, FinanceWire
Collaboration with SG Holdings Marks Major Milestone in Scalable Infrastructure Deployment
SKYX Platforms Corp. (NASDAQ: SKYX) (“SKYX” or the “Company”), a smart home technology company transforming building infrastructure with patented plug & play solutions designed to make homes and buildings safer, smarter, and connected, has announced a major collaboration in a $3 billion mixed-use development in Miami’s Little River District. The 63-acre project will integrate SKYX’s plug & play smart home platform into more than 5,700 residential units, including 2,400 affordable apartments.
SKYX is expected to deploy over 500,000 units of its smart technologies across the development. These include ceiling outlet receptacles, AI-enabled lighting and safety products, and its all-in-one smart platform featuring 911 emergency call functions, voice and app controls, environmental sensors, and room-to-room intercoms. Free internet will be provided to all apartment units.
“We are proud to collaborate on a Miami urban mixed-use smart city project of this magnitude in the heart of the city… and we look forward to the opportunity to contribute to a connected, safer, and more efficient living environment,” said Rani Kohen, Founder, Inventor and Executive Chairman of SKYX Platforms Corp.
The development is being led by SG Holdings, a joint venture between Swerdlow Group, SJM Partners, and Alben Duffie. Designed by internationally renowned architecture firm Arquitectonica, the project will also include:
- 350,000 sq. ft. of retail and commercial space, featuring national retailers, a major supermarket, restaurants, and offices
- 1.5 million sq. ft. of green walkways, parks, bike paths, and shuttle lanes
- A new $35 million Tri-Rail station to enhance regional connectivity
- 250,000+ sq. ft. of publicly accessible green space
- Amenities include fitness centers, pools, and computer labs
“This Miami groundbreaking smart city project marks the start of a new era in intelligent living…SKYX is laying the infrastructure to unlock a gateway for AI-enabled services that will redefine how we live, work, and connect,” said Khadija Mustafa, Senior Tech Advisor to SKYX and former Global AI and Sales Leader at Microsoft.
With backing from global manufacturers and a growing retail and commercial portfolio, SKYX is positioning itself as a leading provider of plug & play smart infrastructure across residential and mixed-use developments.
For SKYX’s Technologies Video Link, users can CLICK HERE
About SKYX Platforms Corp.
As electricity is a standard in every home and building, SKYX Platforms Corp‘s mission is to make homes and buildings become safe, advanced, and smart as the new standard. SKYX has a series of highly disruptive, advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent-pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Their technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. The team believes that their products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, users can visit their website at https://skyplug.com/ or follow them on LinkedIn.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.