1. It's like a universal USB standard for home electrical outlets and fixtures, simplifying installation and enabling smart home features.

2. Think of it as the 'Lego system' for installing light fixtures and other electrical products, making connections modular, safer, and smarter.

3. SKYX aims to be for home electrical systems what Google's Android is for mobile phones – a foundational platform that standardizes connections and enables a wide array of smart devices.

• First-generation Safe-Smart Platform Technologies: These technologies facilitate the easy installation of light fixtures, ceiling fans, and other electrically wired products into a ceiling's electrical outlet box.
• Second-generation Safe-Smart Platform Technology: A platform designed to enhance the safety and lifestyle of homes and other buildings.
• Power-plugs: Electrical plugs offered as part of the company's product line.
• Universal Power-Plug and Receptacle Products: Products designed for broad compatibility in electrical power connections.
• Smart Products: A variety of products integrating smart technology for enhancing homes and other buildings.

SKYX Platforms (symbol: SKYX) primarily sells its "safe-smart platform technologies" and related products to other companies. Its major customer categories include:

• Manufacturers: Companies that integrate SKYX's universal smart platform, power-plugs, and receptacle technologies into their own light fixtures, ceiling fans, and other electrically wired products.
• Retailers: Major home improvement and electronics retailers that serve as distribution channels for SKYX's universal power-plugs, receptacles, and smart products, selling them to both individual consumers and professional contractors. Companies like The Home Depot (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) are frequently mentioned in company communications as key distribution targets or partners.
• Homebuilders and Contractors: Companies involved in new construction, renovation, and smart home integration projects that incorporate SKYX's universal electrical platform and associated products into residential and commercial buildings.

• Zhongshan Zili Electrical Appliance Co., Ltd.
• Vina Smart Electric LLC
• Leoco (Suzhou) Electrical Industrial Co., Ltd.

Rani R. Kohen, Executive Chairman

Mr. Kohen is the founder of Sky Technologies (now SKYX Platforms Corp.) and the inventor of its technologies. He has served as Executive Chairman of the board since 2016 and as Chairman of the board of directors since November 2012. Mr. Kohen also previously served as the company's Chief Executive Officer from 2004 through 2012. He brings over 20 years of experience in business, advanced smart home technologies, product design, and lighting.

Leonard J. Sokolow, Chief Executive Officer

Mr. Sokolow was appointed Co-Chief Executive Officer in September 2023 and became the sole Chief Executive Officer following John Campi's retirement effective September 30, 2025. He previously served as Chief Executive Officer and President of Newbridge Financial, Inc. from January 2015 to September 2023, and was Chairman of its broker-dealer subsidiary, Newbridge Securities Corporation, from 2015 to July 2022, then CEO of Newbridge Securities Corporation from July 2022 to September 2023. Mr. Sokolow founded, chaired, and was CEO of Americas Growth Fund Inc. from 1994 to 1998. He also served as President and CEO of vFinance Inc. from November 1999 through July 2008. Earlier in his career, he practiced corporate, securities, and tax law and worked as a Certified Public Accountant for Ernst & Young and KPMG Peat Marwick.

Marc-Andre Boisseau, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer

Mr. Boisseau has served as Chief Financial Officer and as principal financial officer and principal accounting officer since January 1, 2022. He is a partner of Boisseau, Felicione & Associates Inc., which he founded in February 2002 and which provides assurance, advisory, and tax services. Prior to this, he served at Citrix Systems, Inc. as Corporate Controller from 1995 to December 1999 and as Principal Accounting Officer from March 1997 to December 1999.

Steven M. Schmidt, President

Mr. Schmidt spent 11 years with ACNielsen Corporation, most recently serving as President and Chief Executive Officer. Before ACNielsen, he spent eight years at Pillsbury Food Company, where he was President of its Canadian and Southeast Asian operations. He has also held management positions at PepsiCo and Procter & Gamble.

David Pamer, President Wholesale & Retail Channels

Mr. Pamer joined SKYX Platforms Corp. as President of Wholesale & Retail Channels on July 1, 2023. He previously spent 25 years with Kichler, holding various positions including Chief Financial Officer, Executive Vice President of Supply Chain, and Executive Vice President of Sales. After Kichler's acquisition in 2018, Mr. Pamer served as Chief Executive Officer of Elk Home, where he guided the company through the COVID pandemic and developed a transformational business strategy.

1. Regulatory Hurdles and Market Adoption: A primary aspect of SKYX Platforms' business model is the widespread adoption and potential mandatory standardization of its ceiling outlet receptacle technology. The company's success relies significantly on its technology becoming a National Electrical Code (NEC) standard for ceilings in homes and buildings. Slow adoption, or the failure to achieve such a mandatory safety standardization, poses a substantial risk to the company's projected revenue growth and market penetration.
2. Financial Sustainability and Capital Raising: SKYX Platforms has incurred net losses since its inception, and there is no assurance that it will achieve sustainable revenue generation. The company faces a "funding gap before they reach breakeven," and the current market environment may not be favorable for cash flow-negative microcap companies. Furthermore, shareholders have experienced substantial dilution in the past year, indicating an ongoing reliance on external financing which could further dilute existing shareholders. While the company has secured recent funding and aims to become cash flow positive in 2025, its historical losses and need for continuous funding remain a significant concern.
3. Competition and Need for Continuous Innovation: Although SKYX Platforms believes it does not currently face direct competition for its specific products, there is a theoretical risk that larger technology companies could develop similar solutions. This could lead to intense price competition and potentially erode the company's margins. To maintain its market position and competitive advantage, SKYX Platforms must continually innovate and update its product offerings to keep pace with technological advancements and evolving customer preferences.

SKYX Platforms (symbol: SKYX) operates within several significant addressable markets related to smart home technology and electrical infrastructure. The company's products and services, including smart home platforms, universal power-plugs and receptacles, light fixtures, and ceiling fans, target substantial market opportunities both globally and in the U.S.

Here are the addressable market sizes for SKYX Platforms' main products and services:

• Overall U.S. Addressable Market: SKYX Platforms estimates its total addressable market in the U.S. to be approximately $500 billion, encompassing more than 4.2 billion ceiling applications alone.
• Smart Home Market:
  • Global: The global smart home market was valued at approximately $127.80 billion in 2024 and is projected to reach $537.27 billion by 2030, growing at a compound annual growth rate (CAGR) of 27.0% from 2025 to 2030. Other estimates place the global market at $163.30 billion in 2025, projected to grow to $278.32 billion by 2034.
  • U.S.: The U.S. smart home market size was estimated at $36.38 billion in 2024 and is projected to reach approximately $403.09 billion by 2034, with a CAGR of 27.19% from 2025 to 2034. Another report indicates the U.S. smart home market was approximately $25 billion based on a five-year historical analysis.
• Electrical Plugs, Sockets, and Receptacles Market:
  • Global: The global electric plugs and sockets market is estimated at $14.16 billion in 2025 and is expected to reach $21.01 billion by 2032, growing at a CAGR of 5.8% from 2025 to 2032. The global receptacles market is expected to grow from $4.450 billion in 2025 to $5.603 billion in 2030, at a CAGR of 4.72%.
• Lighting Fixtures Market:
  • Global: The global lighting fixtures market size was estimated at $127.66 billion in 2025 and is expected to reach $196.28 billion by 2033, growing at a CAGR of 4.5% from 2026 to 2033. Another source projects the market to reach $653.09 billion by 2032, exhibiting a CAGR of 13.3% from 2025 to 2032.
• Ceiling Fans Market:
  • Global: The global ceiling fans market size was estimated at $14.24 billion in 2023 and is projected to reach $19.92 billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.

SKYX Platforms (symbol: SKYX) anticipates several key drivers for its future revenue growth over the next 2-3 years, primarily stemming from increased market penetration of its smart platform technologies, expansion into new segments, and strategic technological advancements.

Expected Drivers of Future Revenue Growth:

• Increased Market Penetration and Large-Scale Product Deployment: SKYX Platforms is focused on significantly increasing the deployment of its products in residential and commercial units. The company projects its products to be in 40,000 homes across the U.S. and Canada by mid-2025 and 50,000 units by the end of Q4 2025. Furthermore, SKYX expects to deploy over 100,000 products in 2026. A notable driver is a major collaboration on a $3 billion mixed-use smart home city project in Miami, where SKYX is expected to supply over 500,000 units of its advanced smart home plug & play platform technologies, with revenue contributions anticipated to begin in 2026.
• Launch of New Products and Innovations: The company is actively developing and launching new products to expand its offerings. Upcoming product launches include a patented Advanced & Smart Turbo heater fan and various Plug & Play ceiling fans, which are expected to contribute to achieving positive cash flow. SKYX has also secured 8 new patents, reinforcing its intellectual property portfolio and supporting future product development.
• Expansion Through Strategic Partnerships: SKYX is forging strategic partnerships to penetrate new markets, particularly in the B2B and international segments. The company has signed an agreement with Global Ventures Group to deploy its smart home technologies in projects across the Middle East, including Saudi Arabia and Egypt, and will also supply technology to a 278-apartment project in Austin, Texas. Following a successful demonstration at a Marriott hotel, SKYX expects to significantly expand its presence in the hotel segment. Collaborations with major retailers such as Home Depot and Wayfair are also expected to enhance market presence.
• AI-Driven E-commerce Platform Enhancements: The upcoming launch of new AI-driven software for SKYX's e-commerce platform, which spans over 60 websites, is projected to increase conversion rates in sales by up to 30%. This initiative aims to elevate both B2B and B2C experiences, thereby boosting online sales.
• Safety Code Standardization and Regulatory Adoption: A significant potential driver for long-term growth is SKYX's ongoing effort to achieve mandatory safety code standardization for its advanced safe ceiling technologies. The company is engaging with industry code bodies and insurance companies. If SKYX's products are adopted as a National Electrical Code (NEC) standard, it could lead to widespread adoption across the industry and create opportunities for recurring revenues. The next decision on NEC inclusion is anticipated in September 2026.

Share Issuance

• SKYX Platforms closed a registered direct offering in January 2026, raising $25 million by issuing 10 million shares of common stock at $2.50 per share to an institutional investor. The net proceeds are intended for working capital and general corporate purposes.
• In January 2026, SKYX secured a $4 million equity investment from Philotimo Fund, LP, a new institutional investor, through the issuance of 2 million shares at $2.00 per share.
• A board member converted an $835,000 convertible note into shares at $2.20 per share in January 2026.

Inbound Investments

• SKYX Platforms reported raising over $33 million in cash from institutional and existing investors since September 30, 2025, which includes a $25 million investment at $2.50 per share.
• In January 2026, the company announced a $4 million equity investment from Philotimo Fund, LP, as part of approximately $14 million in funding raised over three months from strategic investors and long-term shareholders.
• SKYX Platforms secured $15 million in investment from strategic investors in June 2025.