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 systems, including ceiling lighting, recessed lights, wall lights, EXIT signs, emergency lights, and plug-in LED backlit mirrors. SKYX expects to supply 10,000 units of its technologies to the development.
The partnership underscores SKYX's growing market penetration in the residential construction sector. The company's technologies offer potential for future recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions. This model could transform how property owners manage and upgrade building systems over time.
Daniele Management & Development Group has over 20 years of experience in developing mixed-use communities, apartment buildings, and hotels in New York. The Pittsford Oaks project will include amenities such as an in-house clubhouse, fitness center, meeting facilities, landscaped green spaces, Erie Canal trail access, an outdoor piazza, and underground heated parking.
Danny Daniele, President of Daniele Management & Development, highlighted the cost-saving benefits: “We see significant short and long-term cost savings across both construction and ongoing maintenance including the added benefits of delivering superior products and services to our customers.” Rani Kohen, Founder and Executive Chairman of SKYX, expressed enthusiasm for the collaboration: “We look forward to collaborating with them to enhance property and overall project value while creating safer, smarter, and more advanced homes for the future.”
SKYX's technology platform is designed to make homes and buildings safer and smarter, with over 100 pending and issued patents globally. The company also owns 60 lighting and home décor websites. The adoption by a prominent developer like Daniele Management & Development signals growing industry recognition of the value of integrated smart home systems. For more information on the Pittsford Oaks development, visit https://www.pittsfordoaks.com/. To view a demo of SKYX's technologies, click here.
This announcement is part of SKYX's broader strategy to establish its technologies as standard in residential construction, potentially leading to increased market share and recurring revenue streams. The company's forward-looking statements indicate expectations for continued growth and adoption, though actual results may vary due to market conditions and other risks detailed in SEC filings.
