SKYX showcases tech solutions during Marriott hotel renovation

MIAMI - SKYX Platforms Corp. (NASDAQ:SKYX), a technology company with a market capitalization of $130 million and currently trading at $1.16 per share, has successfully demonstrated its advanced technologies during a renovation at a Marriott SpringHill Suites Hotel owned by the Shaner Group, according to a company press release issued Wednesday.

The demonstration incorporated SKYX’s plug-and-play technologies, including ceiling lighting, recessed lights, downlights, wall lights, exit and emergency lights, and plug-in LED backlight mirrors.

The company claims the demonstration validated safety improvements, time savings, and cost savings provided by its technologies during the hotel renovation process. SKYX expects its products to be utilized in additional Marriott renovations and potentially other hotel brands.

"We have successfully demonstrated our technology’s ability to provide significant hotel safety, time savings and cost savings during hotel renovation and buildouts," said Rani Kohen, Founder and Executive Chairman of SKYX Platforms.

Lance Shaner, Founder of the Shaner Hotel Group, stated, "We clearly recognize SKYX’s significant value of time saving, cost saving, and safety as demonstrated during our Marriott SpringHill Suites hotel renovation."

SKYX Platforms describes itself as a technology company with over 100 pending and issued patents globally. The company owns more than 60 lighting and home décor websites for retail and commercial segments. While showing promise in market penetration, InvestingPro analysis indicates the company currently operates with moderate debt levels and faces some liquidity challenges. Discover detailed insights and 6 additional key ProTips about SKYX’s financial health with an InvestingPro subscription.

Major hotel chains typically require their properties to undergo complete renovations every seven years, creating potential opportunities for implementation of such technologies.

The company’s stock is traded on the Nasdaq under the ticker symbol SKYX.

In other recent news, SKYX Platforms Corp reported its Q2 2025 earnings, demonstrating steady financial performance. The company’s revenue reached $23.1 million, slightly exceeding the forecast of $22.94 million. Earnings per share (EPS) were reported at -$0.08, aligning with analyst expectations. These results indicate a stable position for SKYX Platforms in the market. Analysts had anticipated these outcomes, which were met with a positive response. The earnings report highlights the company’s ability to meet and slightly surpass revenue projections. This development is part of a series of recent updates from SKYX Platforms.

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