Company Overview

SKYX Platforms Corp. (NASDAQ: SKYX) is a technology company focused on developing and commercializing standardized smart platforms for electrical ceiling outlets and related plug‑and‑play lighting, fan, and home‑automation products. The company operates at the intersection of the electrical infrastructure, smart home, and lighting and ceiling fixture industries, with the core objective of replacing traditional hard‑wired ceiling installations with safer, standardized, and code‑compliant plug‑in solutions.

The company’s primary revenue drivers include sales of its proprietary ceiling outlet platforms, smart plugs, and compatible lighting and ceiling products, as well as licensing and commercial partnerships with manufacturers, builders, and distributors. SKYX positions its technology as a safety‑enhancing and installation‑simplifying solution that reduces fire hazards, lowers labor costs, and enables smart home functionality. Founded in Israel and later expanding to the United States, the company evolved from a product‑development business into a publicly traded platform company, completing its U.S. public listing through a merger and rebranding into SKYX Platforms Corp.

Business Operations

SKYX generates revenue through the development, manufacturing coordination, and sale of its proprietary ceiling outlet systems and smart platform components, as well as through commercial agreements tied to product adoption. Its operations are organized around integrated platform offerings rather than traditional standalone product lines, with emphasis on SKYX smart ceiling outlet platforms and compatible SKYX plug‑and‑play lighting and ceiling accessories.

The company conducts operations in both the United States and Israel, with research and development historically centered in Israel and corporate, commercial, and market‑facing activities primarily based in the United States. SKYX controls a portfolio of patents and intellectual property related to ceiling outlet designs, electrical safety mechanisms, and smart connectivity. It also works with manufacturing partners, distributors, and large retailers, and has established relationships with builders and developers for residential and commercial deployments. Public disclosures reference multiple subsidiaries used to hold intellectual property and conduct regional operations.

Strategic Position & Investments

SKYX’s strategic direction centers on driving adoption of a standardized ceiling outlet as a new category within electrical infrastructure, positioning its platform as an industry standard analogous to wall outlets. Growth initiatives include expanding retail distribution, deepening relationships with homebuilders and commercial property developers, and integrating smart and connected‑home capabilities into its platform ecosystem.

The company has invested heavily in patent development and regulatory alignment, emphasizing compliance with U.S. electrical safety standards to support mass adoption. SKYX has announced collaborations and supply arrangements with lighting and home‑fixture manufacturers to broaden the ecosystem of compatible products. While the company has disclosed intentions to pursue strategic acquisitions or investments that enhance its platform reach or technology base, publicly available information indicates that platform expansion and organic adoption remain the primary strategic focus. Data inconclusive based on available public sources regarding material completed acquisitions beyond internal restructurings.

Geographic Footprint

SKYX maintains its corporate headquarters and primary commercial presence in the United States, which represents its most important target market due to the scale of residential and commercial construction activity. The company also has a significant operational and development footprint in Israel, reflecting its origins and ongoing research and engineering activities.

Commercially, SKYX markets its products across North America, with stated intentions to expand into additional international markets as electrical codes and regulatory approvals allow. The company has referenced global market opportunities in Europe and other regions where standardized electrical safety solutions are in demand, though large‑scale international revenue remains limited based on publicly available disclosures.

Leadership & Governance

SKYX was founded by Rani Kohen, who continues to play a central role in shaping the company’s strategic vision around safety, standardization, and smart‑home integration. The leadership team emphasizes long‑term platform adoption, intellectual property protection, and collaboration with regulators and industry partners as core governance principles.

Key executives include:

• Rani Kohen – Founder, Executive Chairman, and Chief Executive Officer
• Leonard J. Sokolow – Chief Financial Officer
• Stephen J. Merritt – Chief Operating Officer
• Alon Glickman – Chief Technology Officer

The board and management structure reflect a founder‑led governance model, with strategic oversight focused on scaling adoption, maintaining regulatory credibility, and advancing the company’s platform‑based business model within the electrical and smart‑home industries.