Miami, FL, USA, October 30th, 2025, FinanceWire
Deal positions SKYX for large-scale adoption and recurring revenue opportunities across international real estate markets
SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (“SKYX” or the “Company”), a disruptive platform technology company with more than 100 issued and pending patents and over 60 lighting and home décor websites, announced a new agreement with Global Ventures Group, a U.S. and international real estate developer based in Chicago. The partnership will deploy SKYX’s advanced smart home and building technologies across large-scale projects in the Middle East, including developments in Saudi Arabia and Egypt.
Under the agreement, SKYX expects to supply hundreds of thousands of smart home products—ranging from ceiling lighting and fans to its all-in-one smart home platform—to tens of thousands of homes and hotel rooms throughout the region. The initiative supports SKYX’s broader mission to make intelligent, connected environments the global standard for residential and commercial spaces.
Randall Langer, Founder and CEO of Global Ventures Group, stated, “We are excited to collaborate with SKYX to bring their smart home and innovative technologies into our upcoming Middle East projects in Saudi Arabia and Egypt. By integrating SKYX’s technologies, we are advancing the standards of safety, convenience, and design for communities throughout the region.”
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, added, “We are excited to be working with a prominent developer such as the Global Ventures Group. We look forward to collaborating on international projects to enhance the value of buildings and hotel projects in the region while creating safer, advanced, and smart homes and buildings for the future.”
The agreement marks a major step in SKYX’s global expansion strategy and is expected to create long-term recurring revenue opportunities through product monitoring, subscriptions, AI-driven services, and future technology upgrades.
This announcement follows SKYX’s October 9 corporate update, in which the company reported an additional $3.25 million investment from a leading investor, progress in multiple large-scale U.S. developments—including a $3 billion mixed-use Smart Home City in Miami—and six consecutive quarters of revenue growth.
To view SKYX’s Technologies demo video users can click here.
About SKYX Platforms Corp.
As electricity is a standard in every home and building, the company’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 100 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. SKYX believes that these products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, visit their website at https://skyplug.com/ or follow 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.