SkyX at Planet MicroCap: Revolutionizing Smart Home Tech

On Wednesday, 23 April 2025, SkyX Platforms Corp (NASDAQ:SKYX) presented at the Planet MicroCap Showcase: VEGAS 2025. The company highlighted its innovative approach to the lighting and smart home sector, emphasizing safety and efficiency. While SkyX’s growth trajectory is promising, achieving mandatory code adoption remains a challenge.

Key Takeaways

• SkyX offers a plug-and-play system for smart home installations, focusing on safety and cost efficiency.
• The company has launched two generations of products, with a third in production by year-end.
• SkyX holds approximately 97 patents, collaborating with major industry players.
• Revenue reached $86.3 million in 2024, with a strategic "razor-razor blade" sales model.
• The company is targeting a $500 billion total addressable market in the US.

Financial Results

SkyX Platforms Corp reported significant revenue growth, with figures climbing from $58.8 million in 2023 to $86.3 million in 2024. The company employs a "razor-razor blade" model, where sales of receptacles drive the demand for compatible plugs. SkyX anticipates continued revenue from product sales, licensing, and monitoring subscriptions.

Operational Updates

SkyX has successfully launched its Gen 1 and Gen 2 products, with Gen 3 expected to enter production by the end of the year. The company boasts approximately 97 patents, with 36 granted globally. Strategic collaborations include partnerships with GE, Wayfair, and Home Depot, among others. SkyX is also working with high-rise developers and modular home makers to expand its reach.

Future Outlook

SkyX aims to penetrate a $500 billion total addressable market in the US, focusing on residential, hotel, commercial, and cruise ship sectors. The company plans to make its technology a US and global standard, with mandatory adoption potentially influencing 20 to 30 other countries. SkyX is also establishing relationships with government agencies to accelerate this process.

Q&A Highlights

During the Q&A session, SkyX addressed the timeline for making its technology mandatory, acknowledging that it could take months or years. The company also highlighted its partnerships with architects and emphasized the potential cost savings for builders and developers.

For more detailed insights, readers are encouraged to refer to the full transcript.

Full transcript - Planet MicroCap Showcase: VEGAS 2025:

Unidentified speaker, Corp: Corp. We have a highly disruptive technology that’s already in the market, and we continue to penetrate. So a little bit about SkyX. We’re on Nasdaq, and we went public in 2022. I’ve got a three minute three and a half minute video to give you an idea of our products, and then I I’ll go in a little more detail.

Unidentified speaker: Skyx platforms. Skyx, the future is here. Advancing, simplifying, while saving time, cost, and lives. Skyx’s technologies won seven CES awards and has nearly 100 US and global patents and patent applications. Thomas Edison invented the light bulb that for many years was installed by twisting hazardous wires until inventing the Edison base that became the global standard in every home and building for billions of light bulbs.

Billions of fixtures are installed annually while touching hazardous dangerous wires and risking lives. SkyX has a goal to follow Edison’s path to become a US and global standard in homes and buildings for billions of fixtures including smart home, AI, lighting, and fans to become plug and play, advancing their performance, making homes become safer and smart within seconds while saving time, cost, and lives. Our Gen one Sky Plug enables a safe installation of light fixtures, ceiling fans, smart home, and electronics within seconds, making it safe, easy, and convenient for the user. First time installation takes a minute to install, and it is safe to touch. Sky Plug is recognized as part of the NEC, the National Electrical Code Determining Electrical Safety Protocols and Code nationally.

SkyPlug’s technology has been listed multiple times in the NEC code books. SkyPlug’s technology is also in the IAEI, the International Association of Electrical Inspectors, and mentioned in multiple publications, acknowledging the safety and the usability that its technology brings to the electrical profession. Our Gen two is a smart SkyPlug, Takes only seconds to install and is integrated with the newest technologies and platforms. The Sky Plug Smart is integrated with many smart features including phone control, voice control, energy saving eco mode, scheduling, dimming, works with Siri, Alexa, Google, Cortana, and SmartThings. It has an emergency light, night light, color changing light.

Our Gen three Sky all in one smart home platform enhances your all around lifestyle, making your home become smart and safe instantly. It includes the most advanced, smart, and safe features that are necessary for every home. The Sky platform installed safely and simply within minutes to the top center of your ceiling, blending inconspicuously with your decor. The Sky platform is integrated with a backup power failure LED light. In the center of the Sky platform is embedded the Sky outlet as approved by the National Electric Code.

Sky plug lighting, fans, and accessories can connect with the click of a button to the Sky platform. A series of Sky platforms installed in a home could repeat Wi Fi signal and play the same music throughout the house. In the event of a fire, the integrated smoke and c o two sensor would make an alarming sound. The Sky Home app can easily control light intensity, motion detector, light color control, temperature and humidity monitoring, room to room intercom, control volume and music in each room. Skyx platforms.

Unidentified speaker, Corp: So we showed you all three generations. We have generation one and two is in the market. We’re selling and penetrating, and generation three should be in production by the end of the year. And then and then the ramping up even more so in 2026. If I could, just a little overview, right, of our evolution.

As we talked about on the video, the, you know, Edison bulb, you know, which was put put in the ceiling originally with wires and and twisted, then it didn’t become a global standard till they came up with the Edison base. That’s when GE became a conglomerate. And and then you had the evolution of the wall outlet, the same thing with having to splice wires and twist them, and then someone invented the wall receptacle, which was over a hundred years ago. And and then you’ve got the same we’ve had the same problem for over a hundred years with the ceiling outlets. You know, we’ve been to the moon.

No one’s figured out how to avoid this, you know, this issue of having to twist wires and carry heavy fixtures on your shoulder or ceiling fans, etcetera. And I’ll show you in a little bit. There’s there’s a documented by the National Fire Protection Association. Hundreds of deaths a year just from fires of people installing light fixtures in the ceiling incorrectly. And then this receptacle came along, which was, you know, invented over thirteen years ago.

We we have renew renewable patents. We have 97 patents approximately and patents pending. 36 have been granted and they’re global. US, Canada, China, India, Europe. And we are we are already a standard, and I’ll explain explain that in a sec.

I hate when used to see on Wall Street a lot of companies and we got this guy, advisory board, that guy, and it’s all, you know, you talk to him once a year. These are the reason that you’ll see why we’ve accomplished so much, these are people that are very active with us on a daily basis. And so our president is Steve Schmidt, is a former CEO of Nielsen and and president of Office Depot International. We have a whole data to play with our product because of once you have sensors in the ceiling, you could you could do a data aggregation. Bob Nardelli, we announced the collaborative deal with Home Depot.

Bob, of course, was the former CEO of Home Depot, Chrysler, and most important GE Power Systems that went through a tremendous amount of national electrical code modifications. And the CEO of Home Depot now is Bob Nardelli hired when he was CEO. And the Al Weiss, who was former president of Disney Worldwide Parks Hotels, is is active with us strategically. And you’ll see the hotel vertical we have and myself. And I work closely with governor Tom Ridge, two time governor of Pennsylvania, first director of Homeland Security.

He’s our lead director. I’ve been on the board for over thirteen years and then joined as CEO a few years ago. Lance Shainer, led we did $11,000,000 preferred equity round in October. We’ve we continue to add some more with his strategics. Lance owns over 60 Marriotts and 20 Hilton’s.

The brand hotels have to renovate every five to seven years. And ours our solution saves time, money, and is safer. And so we’re ready starting to penetrate into the hotel industry with our full line of products that you’ll see. Probably the most important and least famous is Mark Early, who is the head of the National Electrical Code for over thirty three years. Mark retired.

Three months later, he joined us. He heads up our code committee. Him along with Eric Jacobson, is the former CEO of the American Lighting Association, probably responsible for the most changes in the electrical and lighting market for standards. And and both of them signed our application, our last and hopefully final application, which is to be mandatory. We are now a code provision.

I’ll explain that. And Khadija Mustafa joined us. She was head of global AI and sales for Microsoft. Came and she she is one of our advisors. She believes that there’s no hub in a home or a room for data aggregation and AI and chip performance.

The best location is the center of the room. You have Nest, you have Ring, you got a Samsung refrigerator, washer dryer that may be smart. But this has the best location because of the range and the the power that you get when you sit sit in that. Nothing’s in the way of a room, You know, you have it on the ceiling. Paul Turnoski is our insurance expert.

We think once we have our full line of product in this year, the insurance companies will start incentivizing companies in homes to install our product just like they do home alarms. Paul, you’ve probably heard of the company he founded, Endurance Car Warranty. It’s on the radio for extended warranties for cars. He sold it, bought it back again. He was ENY entrepreneur of the year in Chicago.

And Patty Barron is our UL technology expert out of our office in Atlanta. So what do we do? Our mission. We save lives, we save cost, we save time, and we simplify in advance. Any one of those by itself is a billion dollar company.

We’re I don’t people have trouble naming one that has all four of those that we could defend and and and explain. We have the patents which I explained to you. We own over 60 websites for lighting, which we bought in ’23 to be able to use a model that GE taught us, is lead and seed, where we’re selling fixtures and lights, where we could show people how to retrofit them with our kit so they can make it plug and play. And the lighting companies have followed, and I’ll show you the collaborations as a result. We have a huge TAM in The US.

I could give you the numbers, but we have about a 40,000,000 homes. The average home has 30 locations for for ceiling fixtures or sconces or outdoor lighting. When you look at what the wall outlet is, it’s the wall is a fraction of that. So when you do the math, you know, our market in The US with a projected retail price is is 500,000,000,000. It’s like a crazy number.

If we get less than a fraction a fraction of one percent, we’re a huge company. We we continue our market penetration. You know, we have collaborations with GE, Wayfair, Quizelle, the oldest lighting company, Kichler, the largest Eglo, the largest largest in The US, Kichler, probably the world, Eglo, the largest in Europe. And we have a collaboration with Rui, which is the largest lighting manufacturer probably in China in the world. And they make for about half of the lighting companies in Europe, US, and in China for the markets.

And we believe we’re gonna generate a lot of money not only from our product sales, but from licensing and, you know, monitoring, subscriptions, etcetera. So it’s all revenue streams associated with that. The CAGR growth in the smart and the smart building and smart home market is extraordinary besides just normal growth. 97% of the homes in The US are not smart. There’s a reason.

It’s too complicated for a builder to bother with. And when you and and then globally, it’s it’s even a greater percentage. So to make a home smart instantly or products is is is an amazing thing. And so just some financial highlights in ’23, we did 58,800,000, 20 four 80 six point three. Our, you know, q one through q four of this last year, we show continued growth.

We’ve continued to slowly penetrate our mark the market, especially as we get our products out there. The first products that we sell are the receptacle, you know, which is which is the lowest dollar product, but we call that our razors. The more razors we get in the market, the more plugs that that fit in those are sold or licensed. So it’s a it’s a very compelling, repeatable, almost annuity like. What’s important to understand is unlike the wall outlet, the guys who invented the wall outlet had a patent.

But anything that plugged into it like a lamp or a phone charger, they had got nothing on. We own patents on both sides. The receptacle and the plug. Not only that, our patents that are smart with the really anything that’s a sensor that touches each side, those are that’s our patents as well. So these are the collaborations I mentioned.

Home Depot, Wayfair, GE, you know, all these are announced. We’ve announced deals with developers, large high rise developers. We Kavco, the home the the the prefab modular homemaker. You know, this all makes sense for them. It’s too it and so there’s been nobody that had didn’t say it it was didn’t make sense for their business, Especially when it saves them money and time.

So again, our three generations, our standard plug and receptacle, the smart, which is both one and two are in the market. The two, have our app. You know, it’s working, available. You could schedule. You could do it by the, you know, circadian cycle, whatever you wanna do.

And then the all in one platform, which will be later down this this year. The CES awards you mentioned, you understand the evolution here between the wires, the Edison bulb, and where we are. This is why GE we have a five year agreement with GE to be our licensing partner because they know how to license technologies. So our margins on licensing are about 85%. Our top line is all ours.

We pay GE fifteen percent for for helping us approach the market and help us defend the patents. If we needed to, we had the need to do that. So you understand the ceilings today, tomorrow, and when the builder does his build out or rough out, the wall outlets go in the the wall, you know, the old receptacles, and then our ceiling outlet. And because of the code provisions we have, the builders can get their certificate of occupancy without having to put in a light fixture anymore. Just like a wall outlet, they don’t have to plug a lamp in to get the permit.

So if you’re doing a renovation or a new build, the builder could get their CO, they put in all the receptacles, ceiling, and the wall outlets. And then when they got their CEO and and within hours for a house, they could light it up and put fans in and click, click, click, click. And in a one bedroom, it’s within minutes. And a hotel, it’s in, you know, it’s days, not not months or a year. So this is the standard we’re creating.

And the the residential applications, when I do do the math, you’ve got the ability to to see how many fixtures are are. People just really haven’t measured it. We know there’s generally over 30 per home, but we use that as a as a conservative number. And, you know, right now there’s about, you know, 4,200,000,000 fixtures installed in New York’s homes. And that, you know, then you got hotels, commercial, cruise ships, etcetera.

One of our strategic investors, the former chairman of Norwegian Cruise Lines, they do they do their cabins and retro renovations the same way. A lot of the cabins are modular. They just go they slip in the hole. But to put in lights, etcetera, it makes it easy to do a renovation now. Once the receptacles are in, the next time they do it, they’re clicking stuff in and putting stuff out.

This is the core. You know, I like to go to the slide first, but everything else everything seems important to us. But the when you look at the wall outlet, which was in the early nineteen hundreds, you then the forty years late ago, you have the GFCI, which I know everyone here has one in their bathroom or kitchen. And that was made mandatory. Now it’s in basements and they extended extended it.

But that GFC, the ground fault circuit interrupter, the guys that have that are still still getting patent royalties on that. That was the last time the code gave you know, did a mandatory to of that magnitude. They they called it a GFCI, ground fault circuit interrupter. What’s happened to us is that we’re already in 10 code provisions, 10 paragraphs in electrical code. It’s like getting 10 FDA phase three approvals.

The and that was all done in in over twelve years. We got an historical approval from ANSI, which covers all the building standardization for building. You know, it’s they cover rebar, concrete. We’ve been approved by ANSI, which is also monumental. There’s only been about fifteen, one five companies in the last fifty years in our in our category that have gotten that kind of approval.

And the the National Electrical Manufacturers Association has approved us. So right now, the architects, the AIA, they’re doing training on on safety to their architects. It’s one of the few products that an architect could spec in that actually saves money to the builder or developer. Usually, the architects are designing stuff that cost more money. The so what happened is that after we’ve checked all the boxes, next step is mandatory.

And we what’s happened is that the as part of the last step, the National Electrical Code has given us a generic name. It’s in the code book, WSCR, weight support ceiling receptacle. So we’re a receptacle, but we’re able to hold weight. So we have the junction box and the ceiling only the codes it only requires 50 pounds. We’ll we could hold 200.

We actually know we hold more. And it’s two clicks. It’s the ball bearing system that clicks in. Actually, it has two locks. So if you put it don’t put it all the way up, it’ll catch itself.

So it’s a it’s a extremely safe. We just finished an extensive ladder study with two PhDs about because we do believe and everyone understands intuitively that being on a ladder less time with less weight on your shoulder, with better balance, is gonna be safer. That’s been proven. But intuitively, we all know someone that’s fallen off a ladder. That’s a big problem in The United States.

And most people go into a hospital and say, by the way, what were you doing on the ladder? They just fell off and really hurt themselves. So safety is a necessity. And under the National Electrical Code, the reason why we’re in there is not because they like us, it’s because we save lives. They their their whole mandate is if a life is being saved, they’ve really got to consider it.

Thus, the GFCI, etcetera. Just as a side note, I was a former EVP and general counsel of Windmere Corp. We made hair dryers. And we competed against Conair and GE and Sunbeam. And in the late eighties, after the GFCI was put in the market, we had to go we were having the whole industry was getting sued by people dropping their air dryers into bathtubs and sinks.

And in the late eighties, the the industry was required to, on a mandatory basis, put those blocks at the end of your hair dryer cord. So when you’re in the hotel and you take the hair dryer out, some of you may need it, you know, the the you’ve got that GFCI essentially at the end of the hair dryer cord so people don’t get injured. We were getting people were getting burned and fires, etcetera. So when I saw the the inventor’s invention, I said this thing is brilliant. Speaking of which, Ronnie Cohen, who is the founder, was a businessman, never an inventor before.

He’s got the 97 patents. He will be here tomorrow for our one on ones if you’d like to meet them meet them. So he’ll be coming in tonight. So our whole strategy is the razor razor blade model. So to get the receptacles out in the market, we now have we now have in or we’re landing all these products.

The top row, we have global patents on all and recessed lighting, can lighting, in which is everything is going to LED. So I have one in my kitchen. It’s an LED can that was installed a few years ago. It’s it burned out. They burn.

Even though they’re supposed to last forever, there’s a defective rate. I gotta replace the whole fixture because the LED is just the chip. So to do this in a hotel, you could just click, click, click, and you could change them or a home, of course. So we have exit signs, which is a massive market. We had to do this for the hotel and the commercial guys and emergency lights because all those are installed like a fixture with wires.

Here, when you have a receptacle, you’re just clicking in the exit signs. They break all the time, especially in hotels. The hotel guys tell me that the kids jump go to the hallways and whack them. Not that and none of you have done that before. The bottom are landing already.

The products, the sconces and the outdoor lighting, they have the plug already manufactured in the back. So when you take them out of the box and there’s if you the receptacle’s up, you’re just clicking it in. And then you’ve got the the the the second row is all here. They’re being sold on our websites, including Christmas trees for the second season where you can just click it in and Halloween lights and then the fans. And we have a very interesting here’s the the recessed lights, our all in one solution which solves a major problem of making your home smart.

It’s same concept as an iPhone, putting everything on one app essentially. So we have all these features including an I one one voice activated room to room. This is the problem why builders don’t do this. And this is our solution. In one minute, two minutes, you’re you’ve you have a fully integrated smart home.

And the speakers are great, by the way. And having them in the center of the ceiling is the sound’s phenomenal. And going on for WiFi and cheer performance, better. Everyone’s got a WiFi extender in a wall. It loses it loses this power.

When you get to the rest of the room, having it over in the center of the room, you have it’s twice the range, twice the intent, you know, power of the signal. Making buildings quick, hotels, etcetera. The the use cases are enormous. And so you’ve got all our all the products. This is coming out at the end of this year.

Also revolutionary. All in one feeder fan with a heater, a turbo heater underneath, safer, it’s off the floor, and it’s got a light. There’s one that’s called the fandelier, and this is big box. Again, going to our relationships with, like, a Home Depot, etcetera. This is a game changer too because no one has it in the planet and it also you don’t have the box heaters on floors where it caused fires.

So this is all ready and the boxes are prepared. This is our whole product line. And on the left, you see our Sky outlet. We sell 24 pack for builders and contractors. And so we the whole product line is is is ready and being sold generation one and two.

So lead and seed, our go to market strategy. Very well defined, and this is our licensing strategy with GE, the GE management team, and then our team. That’s I know it’s quick, but it’s just to give you a flavor. You know, if you wanted to meet on one on ones, this is very disruptive. We’ve got really great people involved and it’s very smart.

And so and once it’s mandatory in The US, Twenty to 30 other countries have to pick it up. We work dual voltage. So it’s it’s safer. Question? It’s a great question.

Could be months. Seriously, could be years. It’s it’s it’s the NF NEC is not a government organization, although it’s not for profit. But we have a new relationship we’ve alluded to in one of our press releases where we think we have four other government agency avenues now based on where we are because it needs the every day someone’s dying. And and and we need to avoid political swampiness of people having a syndrome of agreeing to mandatory now.

They’ve agreed on everything else, all these code provisions. And so we’re just we’re now really pushing really hard. We think we have a better pass than than we’ve ever had before. So once it’s mandatory, people will know. They’ll give the industry eighteen to twenty four months to get ready.

Any more questions I could be outside. I don’t want to take up there.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.