SKYX Platforms Corp. (NASDAQ: SKYX), a highly disruptive smart home platform technology company with over 97 issued and pending patents globally and a growing portfolio of more than 60 lighting and home décor websites, announced it has been selected as the smart home platform provider for a major $3 billion mixed-use development in Miami’s Little River District. The large-scale project, covering 63 acres, will integrate more than 500,000 SKYX smart home units across 5,700+ residential units, including 2,400 affordable apartments.
The company’s patented plug & play technologies will serve as the core infrastructure across all units, with components that include AI-powered lighting, ceiling outlet receptacles, emergency call functions, app-based controls, smart intercoms, and environmental safety sensors. All apartments will also benefit from complimentary internet access provided by the developers.
Rani Kohen, founder, inventor and executive chairman of SKYX Platforms Corp., said: “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.”
The smart city development is led by SG Holdings, a joint venture between Swerdlow Group, SJM Partners, and Alben Duffie, and designed by global architecture firm Arquitectonica. In addition to residential space, the project will include:
- 350,000 square feet of commercial and retail space
- 1.5 million square feet of green infrastructure, including parks, walkways, and bike lanes
- A $35 million Tri-Rail station
- 250,000+ square feet of public green space
- Amenities such as fitness centers, pools, and digital workspaces
Khadija Mustafa, former global AI and sales leader at Microsoft and senior technology advisor to SKYX, added: “This Miami groundbreaking smart city project marks the start of a new era in intelligent living... SKYX is laying the infrastructure to not just connect homes, hotels, and communities, but to unlock a gateway for AI-enabled services that will redefine how we live, work, and connect.”
With support from global manufacturing partners and over 97 issued and pending patents, SKYX is rapidly scaling its smart home platform across residential, commercial, and mixed-use sectors. The company’s model enables recurring revenue through subscriptions, hardware upgrades, and software integrations.
For SKYX’s Technologies video link, click here.
For investor relations, contact Jeff Ramson with PCG Advisory at jramson@pcgadvisory.com.
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard. SKYX Platforms Corp. (NASDAQ: SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at www.skyplug.com or follow us 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.
