SKYX Platforms at IAccess Alpha: Innovations and Growth Prospects

On Tuesday, 16 September 2025, SKYX Platforms Corp. (NASDAQ:SKYX) presented at the IAccess Alpha Virtual Best Ideas Fall Conference 2025, showcasing its innovative ceiling receptacle technology and strategic growth plans. The company revealed its participation in a significant $3 billion Smart City project in Miami, marking a pivotal milestone. While SKYX is optimistic about future growth opportunities, challenges remain in achieving mandatory adoption of its products.

Key Takeaways

• SKYX is part of a $3 billion Smart City project in Miami, indicating substantial growth potential.
• The company projects revenue growth from $58.8 million in 2023 to $86.3 million.
• SKYX is targeting a $500 billion total addressable market in the U.S.
• Over 100 patents support its innovative product line, with 45 already issued globally.
• The company aims for cash flow break-even by the end of 2025.

Financial Results

• 2023 revenue was $58.8 million, with projections of $86.3 million.
• Gross margins are around 30%, with plans to improve through product mix.
• The goal is to achieve cash flow break-even by the end of 2025.

Operational Updates

• Partnerships with Home Depot, Wayfair, and several leading lighting companies bolster market presence.
• SKYX’s products are included in 10 segments of the U.S. electrical code.
• The company is exploring mandatory status for its products with the National Electrical Code.

Smart City Project in Miami

• A $3 billion project with a 63-acre footprint.
• Expected to include over 5,700 apartments and condos, with significant sales potential for SKYX products.
• SKYX’s involvement validates its products for large-scale developments.

Future Outlook

• Plans to expand Smart City success to other developments.
• Launching an all-in-one smart heater fan before winter.
• Continued momentum expected in 2026 through product mix and innovation.
• Expanding sales channels, including online, retail, and licensing.

Q&A Highlights

• Focus on scaling Smart City success in and outside the U.S.
• Timing for the smart heater fan launch is set before winter.
• Sustained revenue growth through product innovation and higher margins.
• Over 100 SKUs available through Home Depot.

The full transcript of the conference call provides further insights into SKYX’s strategic plans and outlook.

Full transcript - IAccess Alpha Virtual Best Ideas Fall Conference 2025:

Operator: Good day, and welcome to the Iaxis Alpha Virtual Best Ideas Fall Investment Conference 2025. The next presenting company is SKYX Platforms Corp. If you’d like to ask a question during the webcast, you can do so at any point during the presentation by clicking on the Ask Question button on the left side of your screen. Type your question into the box and hit Send to submit. I’d now like to turn the floor over to today’s host, Leonard Sokolow, Co-CEO of SKYX Platforms Corp. Sir, the floor is yours.

Leonard Sokolow, Co-CEO, SKYX Platforms Corp.: Very good. Thank you very much. It’s great to be here presenting again at Iaxis. As I said during our most recent presentations, we were working on some very big things, which we have since accomplished and announced, as you will see today. I again would like to reiterate that we’re continuing to work on major developments coming in the near future, including standardization process and other significant projects. We appreciate you investing your time and listening to this presentation. We welcome any questions you would have. We’re going to make some time at the end and any follow-up. I’m sure we could organize with Iaxis. With that, I’ll start the presentation. As you could see, the future of homes and buildings is SKYX. We have our cautionary statements.

I wanted to just provide a little overview of our leadership team, which, I know in a lot of decks, there’s always advisors or consultants, but these are very substantial active participants and investors with us. Besides Rani Kohen, who’s our founder and Executive Chairman and our inventor, responsible for over 100 patents and patents pending, we have Steven Schmidt, our President, who’s former President of Office Depot International and CEO of Nielsen Data Rating Corporation. Bob Nardelli is an active advisor, former CEO of Home Depot and Chrysler, and GE Power Systems, and he’s been instrumental in working with us, including our collaboration and relationship with Home Depot. Al Weiss, former President of Disney Worldwide Parks and Resorts, has been an investor I understand in the commercial and hotel application. Our lead director is Governor Tom Ridge, two-time Governor of Pennsylvania, former head of Homeland Security.

I’ve been on the board with him for over 13 years. Lan Shaner, who owns 60 Marriott and 20 Hiltons, led our private equity round that we did early in the year that we completed. He’s an active developer in the branded hotels and has been an investor with us for a very long time. Probably the most important, at least now, guy is Mark Early, former head of the National Electrical Code. He was the head for over 30 years and Chief Engineer of the NFPA, which is the umbrella organization to the National Electrical Code. He retired about three months later, joined us to lead our code team, and he assigned our application now for a mandatory status. He, along with Eric Jacobson, the former CEO of the American Lighting Association, these two gentlemen have probably done the most regulatory electrical lighting changes in the U.S.

Khadija Mustafa is our Senior Advisor and former head of Global AI for Microsoft, and she’s been helpful with us in framing the application of our Generation 3, which should be in production by the end of this year, for positioning it as a hub for AI and shared performance. Paul Chernowski, the founder of Endurance Car Warranty, we hear it on the radio a lot. He sold it, bought the company back. He is our insurance guru, and we believe insurance companies will provide discounts to, or at least we install products similar to incentives or discounts similar to the home alliance. Patty Barron, our CLO, she’s an extraordinary technology guru and probably the country’s leaders in UL regulatory aspects. As a quick preview, we’ve gone to our mission, as you could see, is enabling the new world on the ceiling.

I mentioned we have over 100 patents, 45 of them issued in the U.S. and globally, including China, India, and Europe. We have over 60 websites that we acquired in 2023, and we use it to lead and feed the market, which is basically educating consumers and enhancing our market penetration. It’s a platform that we’ve given us to be able to exhibit and show and ultimately know as we’re selling our products and the transformative nature of our generation, now Generation 1 and Generation 2. Predominantly, our websites are B2C business, business in the retail, and we’re growing in the B2B platform as we understand. We know that builders and large builders are buying more of their products online than contractors. Our TAM, our total addressable market in the U.S. is over $500 billion and about 4.2 billion ceiling applications in the U.S. alone.

We have the math to support all that. Our revenue streams include product sales, royalty, licensing, subscription monitoring, data aggregation, and ultimately selling global country-wide. Those are all our focus channels of revenue. We measure our penetration with how many receptacles that we have in the market. We’re projecting by the end of Q3, 40,000 in the U.S. and Canada. We measure that because we know that anything that plugs into it is either a product we’ve sold or ultimately the product we’ll have licensed. It’s a way to measure it. In effect, all roads lead to Rome because our patents cover our receptacle and our plug. We’ve now expanded our business on our B2B to builders and the pro. We’re in Home Depot, Wayfair, electrical suppliers, as well as the websites discussed. If you look at our historical revenues from 2023, we’re $58.8 million. We were $24 million.

We’re due to the $86.3 million. We’ve had sequential quarters, comparative quarter to quarter growth. So far, we’re following that until 2025. We did an equity round with the insiders, including Lance Shaner, the Marriott Hotel chain developer, as well as a lot of other strategic partners with him. When you look at the collaborations, we’ve announced Home Depot, which we continue to expand our line into with Wayfair. We have a licensing agreement with the GE Licensing Group, Kichler, which is the world’s leading lighting company, QOUIZEL, the U.S.’s oldest leading lighting company, EGLO, the biggest in Europe, and Lui, which is the largest Chinese manufacturer. These are all collaborations that we’ve announced. Most important, several months ago, we had an announcement with respect to Smart City in Miami. It’s a $3 billion Smart City. If you could see this picture, it is downtown Miami in the background.

You have Wynwood, which is where they have Art Basel. This is South Beach up to the upper left, and here is the Smart City footprint. It’s a 200-year land lease that was given to two major developers, 63 acres. This includes, it’ll result in over 500,000 of our unit sales of Generation 1, 2, and 3. Our Generation 3 is critical to this Smart City. We expect to have over 5,700 apartments, condos, retail mixed-use, as well as the tram rail station that’s being built for this area from the East Coast to add to the existing tram rail stations. All of this is part of the footprint and our mandate. This project was provided by SG Holdings and the Swerdlow Group, which have been developers in Miami for many decades. The architecture is from Arquitectonica, which really became world renowned when they designed the Microsoft building in Paris.

They’re designing the Smart City, and it’s gotten us a lot of interest globally. Also, it’s validation that’s been the application and the justification for these builders to use our product. This will redefine Miami’s urban landscape. Fortunately for us, Miami is like a Dubai, and there’s a lot of, this will generate, we believe, a lot of further interest in this whole space, needless to say. In terms of the next slide, we’re running the course 7CS awards in 2023 and 2024. These are our regenerations. I encourage you on the website where the Iaxis is going to post a PowerPoint. There’ll be a link to our video. It’s a three-minute video. It’ll be worth watching. These are Generation 1, 2, and 3. Generation 1 and 2 are out there selling.

We have our app, which works in the marketplace, works with our Generation 2, and will be working with our Generation 3. Our Generation 2 works with that, you know, Apple Air Voice, Apple Siri, Alexa. You could dim the lights. You could raise the intensity. It’s got an emergency light, Wi-Fi, Bluetooth, etc. This is a game changer for the industry. What we’ve done is we approached the regulators and followed suit with what’s happened in the U.S. and, of course, other countries, including Canada. In 1904, they created a standard for the wall outlet. They used to be put in lamps with wires, similar to the Edison bulb. It was put in the ceiling by wires. It didn’t become a global standard until they invented the Edison base, so you could screw it in.

In the 1980s, I know most of you, if not all of you, have in your bathroom kitchen a GFCI, a ground fault circuit interrupter, which became mandatory in the 1980s because people were dying as a result of personal injury, fires, etc., in those wet areas. Believe it or not, some people know this, but I was General Counsel and EVP of the New York Stock Exchange Company, and we made personal care products, including hair dryers and flat iron that competed against Philips and Conair and Sunbeam. After this became mandatory in the late 1980s and early 1990s, they mandated putting this plug at the end of hair dryers. I lived through this personally. We had to go out and license that technology. Twenty-four months later, the industry is making all these products to this day with the plug at the end of these electrical cords.

When I met Rani, I saw our basic all-in-one sky plug and receptacle. I got it because I understood, I’ve seen the fires. I was also on the board of a lighting company, public company as well, that had fires, all the firing pictures. We come along and we invent and solve this problem that’s been around, you know, since 1920, the junction box with wires. We come in with a plug-and-play solution. It’s safe. There’s a double locking mechanism. Each lock holds 200 pounds, and the junction box itself is only coded for 50 pounds. We put on our box 50 pounds, and that’s all we need to say. We know it’s a double lock, each one holding 200. The regulators, of course, required exit signs as we evolve, emergency lights, airbags, and seatbelts. What these issues are is we’ve solved a major problem that occurs in the billion.

You know, it’s these installations and then our safe solution. What we’ve done is we’ve approached it. This is the TAM we calculated. We approached the market and said, "We want to be ubiquitous, just like the wall outlet." You know, like every home has a wall outlet. Every home or building should have a receptacle. There’s a reason for it. It’s just not cost-effective, but it’s safe. It prevents a lot of injuries in the TAM calculation. When we went to the regulators over 13 years ago and said, "Look at the difference between this wall outlet and our outlet." They did two junction boxes, outlets, with the receptacle, cover plate, finished product, and then we plug in and they plug in. The only difference, by the way, is that we have patents on both sides, on the receptacle and on the plug side.

Not only that, about a third of our patents have to do with smart. Anything that’s smart that touches either side of it, those are our patents. These are global. The regulators, after going through 13 years of this, based on the fact that they’re our entity and their own data, is that we were put in 10 code segments in the electrical code, the U.S. electrical code. We are already a standard. We’ve been codified. Not only that, in 2023, we got approved by ANSI, which is the American National Standards Institute, and NEMA, which is the National Electrical Manufacturers Association. We’re approved for commercial buildings, which is also an extremely rare event. It covers rebars and concrete that go into buildings. There’s a specification that’s standard. The AIA, the architects, are already training the architects for safety on our product.

What happened as a result of all these changes, and I think what the market doesn’t always understand, is that as a result of these changes, the National Electrical Code changed the definition of receptacle. This is codified to include not only this wall outlet, but our outlet. There are two defined receptacles in the National Electrical Code. In addition, just like the GFCI, we’ve already been granted a generic name, weight-support ceiling receptacle. The plug side is called the WFAM. We’ve been codified. We’ve been given a generic name. We’ve checked all the boxes. The last thing we’re having to do now, and the last thing we have done, is we’ve applied for mandatory for the National Electrical Code. That’s the last thing that’s left.

The reason why we got all these approvals is not only is this a really brilliant solution that has global application, but their own data from the National Fire Protection Association says that there’s approximately 400 deaths per year and tens of thousands of injuries annually from people just putting in the wiring wrong in the ceilings. Electrical fires in homes are a major problem. There are over 500,000 ladder falls and thousands of deaths annually. This is why we’re in the code. This is why we’ve gotten the approvals we received. For us, it makes sense. For the industry, it’s critical. For saving lives, it’s critical. We’ve also announced recently a collaboration with a Senior Advisor close to the U.S. administration.

We’ve concluded that there are two other government agencies that we believe have the ability to make what we have mandatory because they’re all mandated with having to protect lives, to mitigate injuries, and property damage. That’s something that we feel and we believe will accelerate our process for mandatory adoption. Our business model is not dependent on mandatory. It just becomes a stratospheric result when that happens. We continue to penetrate and expand our channels, including the Smart City speech for itself. The reason why these builders are doing this and developers may make so much sense on new construction and renovation and for the hotel, which have to be renovated every seven years, the major brands, is that we save almost 90% of the time and cost for the installation. Why? Because it’s a minute to put in this receptacle in the ceiling.

You have the junction boxes there where you’re not displacing anybody. We put in our receptacle, three wires into it, and you screw it into the junction box and the bracket. That’s standard. That’s a minute. When they want to light up their building or their home, then it’s someone that walks around going click, click, click, click. That takes another minute or two. You’re changing the industry and how you install the fixtures. You’re saving a lot of money and time. By the way, because of our definitional changes to becoming a receptacle defined by the code, a builder could just put in this receptacle in the ceiling or a sconce or outdoor and get their certificate of occupancy or a permit. They don’t have to put in a light fixture like they did before.

For a wall outlet, they didn’t have to go around plugging in a lamp to get their permit or certificate of occupancy. That’s what’s happened as a result of this change. This is why we’re getting a tremendous amount of interest and adoption and penetration into the commercial channels as well. If you look at the all-in-one, which should be in production by the end of this year, this is a solution to make this easy and to install all these smart features that are synchronized and work together seamlessly. We basically took the concept of an iPhone and all the apps that can go on one iPhone and work seamlessly without any latency under one application, one application dealing with lights, dealing with flashlights, cameras, and not having separate products. We’ve solved that problem.

This is essentially for the builders why 97% of the homes and buildings aren’t smart is that the installing in a one bedroom with all the smart products could take these days and could be synchronized and not have latency. Here we are. We’ve got a solution that takes minutes to install, and it’s all ready to go with our app that’s already out in the field. More so, we’ve got the location for all-in-one platform, being able to work as an open platform with other technology companies, and ultimately have some monitoring because we have smoke and CO detector subscriptions and, of course, the data integration to monetize that ultimately is a massive business. The reason why, by the way, Khadija Mustafa says that we’ve got the best location is for this alone.

We know that Wi-Fi extenders, people plug in on the sidewalk because that’s where the power is. You lose the power going through a room or passing furniture. Here, when you have all this on your ceiling in the middle of a room, your speed and your range almost doubles, if not triples. This is the tower of what we have for builders and developers to install one bedroom of a home or a hotel or a commercial. It’s a fraction of the time and the cost to do it. Just a little preview, we think there’s a huge opportunity within the modular prefabricated home sales, you know, in that business of being able to put our receptacles when the homes are being constructed in the factories and the receptacles are there.

When they’re ready to go into the field and install them and stack the modules, the prefabricated homes, you’re just plugging in the fixtures, click, click, click, and everything works, you know, on the app. This is a massive business that’s going in the U.S. We have maybe 3 to 4% penetration. Some countries are over 50% already. It’s because of the consistency of the product, labor issues, etc. The cost for prefabricated modular buildings and even in high rises are big cost savings. I’m just trying to be quick. We have all these products that this will be out at the pre-introduction of into the theater, hopefully. We have all these products in production or in stock now. These are in stock and in production. A lot of these would be some of those that we could work with the hotels, etc.

We announced a demonstration with the Marriott Spring Hill Suite, as well as other opportunities. One of the bigger products for the end of this year, I think, will be impactful, will be our all-in-one smart heater fan. It’s got the fan and the heater underneath. There’s two, three different designs. We think that this is a year-round product. We’ve got a lot of interest in this from our channels. We believe this will be very impactful as it develops and we just continue to roll it out. We’ve got a go-to-market. We’ve been B2B. I’ve mentioned online sales, big box retail, builders, apartments, hotels, and then licensing. It’s a pretty straightforward strategy. In the interest of time, I know we’ve got a lot left, but I wanted to hit some questions. I have one question. The Miami $3 billion Smart City project is a milestone.

How do you envision scaling that success into other large developments? That’s a great question. We think that one is that will generate a lot of interest, you know, in the fact that, you know, we’ve got the exposure and there’s a lot of smart projects around the world, which makes so much sense in smart developments. You know, stay tuned. We believe it’ll be something that will scale and that could easily scale not only in the U.S. but outside the U.S. The expected timing and contribution of the new all-in-one smart heater fan ahead of winter demands, a question mark. The answer is, you know, we expect to get it before the winter demand. We expect to get some in the channel. We can’t say how much. We’re not projecting, but that’s our target. We believe that the demand will continue to exhibit itself. That’s been our goal.

It’s just a function of timing and shipping. That’s been the plan. The question on momentum on our revenue growth, which has been 15% sequentially, with gross margins reaching 30%. There are what levers will sustain this momentum in 2026? We think it’ll be the product mix, which we believe will create a blended higher gross margin because a lot of the product is product that we’re having produced for ourselves that we’re making, you know, and not third-party products that we’re retrofitting. We think that’ll be important. These newer products, which we believe will provide, you know, continued momentum into 2026. You know, stay tuned on that. Our gross margins right now are around 30%.

Our goal that we publicly stated is, you know, to be cash flow break even at the, you know, by the end of 2025, not on an annual basis, but, you know, at that time. It shouldn’t take much with some of the new products, but we, you know, we shall see this, you know, function of getting them into the marketplace and getting them through the channel. One of the questions was how many SKUs are in Home Depot today? The market says it’s over 100. Between Home Depot, you have online, and you have stores. It’s something that’ll continue to grow, you know, more meaningfully, not only with that big box, but other retail. I’m going to see if there’s any other questions. I think I’ve done it.

I really appreciate everyone’s time and your interest in SKYX, and we’ll be happy to follow up in any way with any questions or one-on-ones, etc. I hope you guys have a good day and productive.

Operator: Thank you. That concludes SKYX Platforms Corp. presentation. You may now disconnect. Please consult the conference agenda for the next presenting company.

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