SKYX Platforms at Noble Conference: Innovating Home Electrical Systems

On Thursday, 09 October 2025, SKYX Platforms (NASDAQ:SKYX) presented at the Noble Capital Markets Emerging Growth Virtual Investor Conference. Co-CEO Lenny Sokolow outlined the company’s strategic vision, emphasizing its innovative plug-and-play solutions for electrical systems. While the company is poised for growth with new product launches and strategic partnerships, it faces challenges in managing working capital and supply chains.

Key Takeaways

• SKYX Platforms aims to set a global standard for electrical systems, akin to the Edison bulb base.
• The company has secured over 100 global patents and is involved in a $3 billion Miami Smart City project.
• Revenue streams include product sales, licensing, and subscriptions, with projected market penetration of 40,000 receptacles by Q3’s end.
• Upcoming product launches, like the all-in-one smart heater and fan, are expected to drive positive cash flow.
• Regulatory approvals have redefined receptacles, facilitating broader adoption of SKYX products.

Financial Results

• 2023 Sales: $58.8 million
• 2024 Sales: $86.6 million
• Recent growth reflects comparative sequential increases over the past five and a quarter years.
• A private equity round raised $15 million, beginning in October 2024, from insiders and strategic partners.

Operational Updates

• Established partnerships with Home Depot, Wayfair, Kichler, Quoizel, EGLO, and Rui Appliances.
• The Miami Smart City project involves over 500,000 SKYX units, promising multi-year revenue impact.
• Regulatory approvals from ANSI and NEMA have redefined receptacles as WSCR (Weight Support Ceiling Receptacle).
• The company is targeting the hotel industry, with technologies showcased in Spring Hill Suites Marriott Hotel renovations.

Future Outlook

• The Miami Smart City project is expected to begin with receptacle installations next year, followed by smart device integrations.
• SKYX Platforms is expanding partnerships with developers, cities, and the prefab home industry.
• Anticipated positive cash flow generation in Q4, driven by new product launches.

Q&A Highlights

• The smart heater and ceiling fan launch will initially feature a regular version, followed by a smart version, with longer margins on manufactured products.
• Partnerships with manufacturers and retailers vary by channel, with a focus on managing working capital.
• The Miami Smart City project projects over 500,000 units, with opportunities for post-sale subscriptions and data aggregation.
• Additional partnerships with builders are generating significant interest, offering opportunities for both production installations and post-sale revenue streams.
• Hotel partnerships are expanding, with potential to penetrate both U.S. and international markets.

SKYX Platforms continues to innovate and expand its market presence, with a focus on safety and efficiency in home electrical systems. For a detailed account, readers are encouraged to refer to the full conference call transcript.

Full transcript - Noble Capital Markets Emerging Growth Virtual Investor Conference:

Patrick, Noble: With Noble, and today I have the pleasure of introducing SKYX Platforms. I’m joined by the Co-CEO, Lenny Sokolow. Before we get started, I just want to let you know we will have some Q&A at the end. With that, I will hand the floor over to Lenny. Go ahead, Lenny.

Lenny Sokolow, Co-CEO, SKYX Platforms: Great, thank you very much, Patrick, and I appreciate the invitation by you and Noble. SKYX Platforms, you know, we believe we’re the future of homes and buildings. We have a short three-minute video I’d like to play just to make sure everyone understands the three primary products we have. If I could start that now.

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 U.S. 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 U.S. 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 1 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 National Electrical Code (NEC) and mentioned in multiple publications, acknowledging the safety and the usability that its technology brings to the electrical profession. Our Gen 2 is a smart Sky Plug, 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, and color-changing light.

Our Gen 3 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 installs 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 Electrical 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 CO2 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, and control volume and music in each room. SKYX Platforms.

That video gives you some idea of our three core products. We give you some overview of our advisory board and management. We have a really impressive global team. Besides the founder, Rani Kohen, who’s our Executive Chairman, we have Steven Schmidt, former CEO of Nielsen and President of Office Depot International. He’s our President. Bob Nardelli, former CEO of Chrysler, Home Depot, and GE Power Systems, very active with us and helped us facilitate our collaboration and our programs that are developing with Home Depot. Al Weiss, former President of Disney Worldwide, which covered cruise ships and hotels, resorts, and a lot of understanding that a lot of those facilities all would benefit from our plug-and-play technology because it saves time and cost. Our Lead Director, Governor Tom Ridge, former head of Homeland Security, two-time Governor of Pennsylvania, he’s been our Lead Director.

I’ve been on the board with him for over 13 years. Lance Scheiner is the owner of 20 Hiltons and 60 Marriott hotels. He also understands the value of our technology of plug-and-play. The branded hotels have to renovate every seven years, some often refresh sooner than that. I’m going to give you a little overview of some of the hotel penetration we’re starting for that channel. Mark Early is probably the most important, least known, former head of the National Electrical Code, which is a federal code, handles all the electrical code and safety standards for the country. The states adopt those. After he retired after over 30 years as the head of the NEC and the Chief Engineer of the National Fire Protection Association, which is the umbrella organization, he came and became an advisor to us and led our code team.

He assigned our last and final, hopefully, application for mandatory so that we become a mandated product for homes and buildings. He, along with Eric Jacobson, head of our code team, Eric is the former CEO of the American Lighting Association, and Khadija Mustafa, former head of Global AI and sales with Microsoft. She’s been very active with us as an advisor for the application of Generation 3, especially for utilization of AI and chip performance. She says there’s no solution having a hub in a room, whether it’s residential or commercial, for data and AI performance. You have Ring, you have Nest, you have all these disparate products collecting information and AI, but the best location is the center of the room and the ceiling. She says that we have a great solution for that and unique.

Paul Sarnoski, he’s the founder of the Endurance Car Warranty, and he is our insurance guru, and he believes, along with the team, that when our full product lines launch, we’ll have more support and a discount, hopefully, being offered by insurance companies, similar to having that home alarm. Patty Behrens, our CEO, is our expert in UL and technology. She’s one of the U.S.’s leading experts in UL. What we’ve done is we’ve got over 100 patents and patents pending, 45 of them issued. These are global: U.S., China, India, and Europe. Our whole mission is to make the world, make ceilings and homes become safe and smart, thus the world safer and smarter, and with a whole new world of ceiling technologies and products. We have over 60 websites we acquired in 2023, and this e-commerce platform educates and enhances our market penetration.

We use it to lead and seed, and we address both the B2C to retail and the B2B to professional and builders. Our total TAM in the U.S. alone is $500 billion. There’s about 4.2 billion ceiling installations in the U.S. alone, and that does not include commercial. Our revenue streams are from product sales, and in the future, it’ll be royalties, licensing, subscriptions, monitoring, selling data, data aggregation, and country rights. We measure our penetration through how many receptacles, that’s the female that’s out in the market. We project approximately 40,000 by the end of Q3, and we know that everything that gets plugged into it is also something that we’ve built, or since it’s our patents as well on the male and the female, it’s something that we will have licensed. In effect, all roads lead to Rome.

It’s unique in the fact that our patents cover both sides. We’re growing our business through all the channels, the B2C, B2B, the builders, the big box like Home Depot, GE, Wayfair, and electrical suppliers, and of course our e-commerce sites. The insurance company opportunity I mentioned already, 2023, $58.8 million in sales, 2024, $86.6 million, and our last five and a quarter has been growth comparatively sequentially. We did a private equity round starting last October of 2024, totaling about $15 million, and it was done by all basically our insiders, strategic insiders, including the Marriott hotel chain developer and owner. These are the collaborations we’ve announced: Home Depot, Wayfair, Kichler, which is the world’s leading lighting company, Quoizel, the oldest in the U.S., EGLO, the biggest in Europe, and Rui Appliances, which is the world-leading Chinese manufacturer. We have a manufacturing and financial support agreement with them.

We’ve announced a new Miami urban smart city. It’s over $3 billion, the most recent announcement. Basically, we are the enabler for all the smart technologies in that. This is downtown Miami. This is Wynwood, where Art Basel is. South Beach is over here in the upper left. This is a 63-acre parcel that two large developers have been developing in Miami for decades. They did a 200-year land lease with the city of Miami, and we were an instrumental part of getting them this project and making it smart. They’re doing this because the smart applications save them time and money, let alone solving the problem of the easy integration. This is going to include 5,700 condo apartment units, a new tram rail station, train station that’s going to be there, and a lot of parks and commercial restaurants, et cetera.

It’s about 350,000 square feet of retail, and of course the high-rise and mid-rise condos and apartments, the 5,700 I mentioned, and the tram rail station. The architecture firm is a world-renowned firm called Arquitectonica. Their claim to fame was the Microsoft building in Paris. This is groundbreaking. Miami is like a Dubai in terms of prominence in the world, and it’s attracted a lot of interest from other opportunities. Again, validation of our products and our potential for AI ecosystem. Our three generations, one plug and the plug and the receptacle, our Generation 2, which is the smart plug and receptacle. These two are in the market and being sold now.

Our app is being used now and in the market for our Generation 2, and by the end of Q4, we expect to be in production of our Generation 3, which will all work with the app as well. It basically makes homes and buildings smart instantly. When we approach the regulators, just to refresh, in case you don’t know, these are major regulatory developments. It’s all about safety in the U.S. You had the wall outlet from 1904. This is avoiding putting in twisting wires and putting in lamps. You had the Edison bulb, and it never became a global standard until they created an Edison base so you could screw in a bulb.

In the 1980s, you had the GFCI, which I know most everyone’s got that in the bathroom or kitchen, and that became mandatory in the 1980s because people were getting injured and dying from electrical and fires as a result of the plugs in the wet areas. In the early first 1990, 1991, because of the developments of the GFCI, hair dryers, curling irons, and things that were in the bathrooms in the wet area, people were dying, dropping them in bathtubs and sinks and fires. We went through a mandatory phase where you had to put this GFCI plug at the end of all those small appliances. Today, you go into a department store and buy a hair dryer. It’s there now, still today. We come along and we solve this problem of this junction box, which holds 50 pounds by code.

You put it in, you’re twisting wires, you’re trying to juggle the lamps or fans on your shoulder going up ladders, and we come along and have this safe installation. There’s a double locking mechanism. Each lock holds and is tested for 200 pounds each. It’s a double ball bearing. Again, this junction box is 50 pounds. You have the exit signs, all about safety, emergency lights, airbag, and of course seat belts. We solved this problem of the solution, which was needed. We know that it reduces 90% of the installation time and cost. This is why the builders and the developers and the hoteliers are gravitated to this. Besides it being safer and reduces fires and makes these fixtures and appliances and smart devices plug and play. You just plug it, take out the old one and plug in a new one, just like a wall outlet.

The TAM went through, and I could share more if there’s any further interest. When we went to the regulators, we just said these are the equivalency of concepts. You had your wall outlet, you have our outlet, you have the junction box, the junction box, the wall outlet box. We basically had the same thing as a wall outlet. They’re here, we had those, we plug it in, and here’s a cord where the plug plugs it into the wall outlet. The unique thing, again, to remind you, is that our patents cover this side and this side, both sides. The guys that invented the wall outlet and had patents didn’t patent the plug, and whatever got plugged into it or whatever was developed 20 years later, like a phone charger that plugged into it.

This is unique that we have these patents, and not only that, a third of our patents are anything to do with sensors or smart. Sound, smoke, CO2, voice, Wi-Fi, Bluetooth, anything that touches that’s a sensor that touches either side is also our patents, our global patents. This is what’s very unique about what we have. What happened, what we accomplish regulatorily is that we’re in over 10 paragraph segments of the electrical code already. We’ve also been voted by ANSI and NEMA, which covers commercial buildings. ANSI is the American National Standardization Institute, and NEMA the National Electrical Manufacturers Association. We got this approval about two years ago. It’s historic. What happened is as a result of all these approvals, these are codified already in the National Electrical Code, is that they basically, they’ve changed after 120 years of definition of a receptacle.

This is a receptacle, the wall outlet from 1904, and now we are a defined receptacle. This enables now builders who want to get their CO, certificate of occupancy or permit, they put in a wall outlet, they don’t have to plug a lamp in to get their CO or permit. The same thing with our ceiling receptacle or sconce or outdoor. You don’t have to put in a fixture or a cheap light and have to change it later to get their CO or a permit. That’s a game changer that we’re now defined as a receptacle. Not only that, they’ve now given us a generic name. This is also in the code. Just like GFCI, they didn’t want to call it ABC Corp. They’re not going to call this receptacle SKYX, even though this is our patents. They’re calling it WSCR, Weight Support Ceiling Receptacle.

This is also codified. This is groundbreaking. It’s historic. The American Institute of Architects is already training their architects on safety. The reason why they did this is that their own data shows that there’s over 400 deaths per year and tens of thousands of injuries just from lighting fixtures and people twisting the wires in the ceiling incorrectly or not completely. The fixture may work for a couple of years even, but then it’ll get arc and spark and create a fire and smoke, deaths from smoke or fire. Not only that, there’s about 500,000 documented ladder falls. This is the data from the National Fire Protection Association, resulting in thousands of deaths and tens of thousands of injuries. This is, and of course, the electrocutions, electric shocks are in the tens of thousands. This is why we’re in the code.

Their mandate for the National Electrical Code is if it’s a foreseeable death or injury, it’s something that they must address. They have addressed it. Our last step is now to, as our mandatory application. Our strategy has been, you know, razor and blades, installing these receptacles, and then our full product line, all patented. When the builder puts in the receptacles, or the, including the ceiling or sconce, they put in our receptacle and then they light up the building or the resident, you know, anytime they want, it makes it easy. Of course, it’s, you know, homes, buildings, hotels, cruise ships, any commercial buildings. The reason why the builders gravitated to this so quickly is the time and cost savings. To put in this receptacle may be a minute into this junction box, whether you’re using electrician or not, that’s the time element.

When they want to light it up, it’s another minute to go up the ladder and click, click, click, click. You’re saving time on installing the actual fixture and a fan, or imagine, you know, and also exit signs and emergency lights are put in like a light fixture. Those are also plug and play. What I wanted to do just real quick is just to show you an example of our penetration into the hotels.

SKYX showcases its advanced, safe, and fast-install lighting technologies in a Spring Hill Suites Marriott Hotel renovation. First-time installation into a standard electrical outlet box takes a minute. In hospitality renovations, every second counts. With SKYX, replacing or installing light fixtures takes just seconds, making it safe, easy, and cost-efficient. Traditional installation of lighting and exit signs takes a lengthy amount of time. Now, with SKYX’s technology, an entire room takes only minutes to install. SKYX’s installation system reduces significant time and cost while enhancing the safety of the hotel, its employees, and guests. SKYX delivers fast, professional results for hotels and buildings, simplifying renovations, enhancing safety while reducing costs and time. Design meets function, mirrors with backlighting, installed in seconds with SKYX. SKYPLUG transforms maintenance. No wires, no delays. Simply plug, click, and you’re done. SKYX, innovation, speed, safety.

The future of hospitality starts here, saving time, cutting costs while maximizing safety and efficiency. SKYX’s technology is approved by UL, NFPA, NEC, and by ANSI, NEMA.

That gives you some idea of the penetration into the hotels and the easy renovation and refreshment that hotels could do. The quicker they could get those rooms back on inventory, the more money they could make, less money they would lose. Our all-in-one Generation 3, which is, you know, the key to our continued evolution into the smart home, basically provides a platform for seamlessly putting in all these features in the home, all integrated, all working with our app. We basically took the concept of an iPhone that you had all these different things in your bag and put it all in one device, all synchronized with apps. That’s the solution that we applied here. It’s very simple, you know, not inventing the wheel conceptually. We’re solving this problem. The reason why 97% of the homes in the U.S.

and probably 99% of homes and buildings internationally is this problem, is that you want to install all separate devices in one room. You’ve got to install different areas, you’ve got to synchronize, you’ve got to make all the apps work. It could take you days, let alone the cost of those products. Here, you know, with our all-in-one, you’re talking about a few, a minute or two, and you click it in the receptacle and all these work, you know, seamlessly with our apps. It takes minutes to install, the performance is great, and it’s one hub for all these products, you know, including, you know, it works with your voice and you have room-to-room intercom, you have speakers, it’s really incredible. We’re very excited about this as we continue to roll out our products.

What this gives is, again, I mentioned to what Khadija Mustafa from Microsoft was saying, is the ceiling location is significant. It could implement a lot of technologies. The chip space here is like four to five times of an Apple iPhone. You have really unlimited electronic real estate. Then you have unlimited electrical power because you’re coming right from the building or the home power. Most of everything on here is all low power. You could harness many, many, many devices and products and chips, et cetera. You could still plug your light in the center. Eventually, as we roll out with the builders and developers, we have monitoring subscriptions because we have a smoke alarm that alerts your phone, your app, but we could call the fire department and we’ll revenue share with the subscription for services, data aggregation, et cetera.

To Khadija Mustafa’s point about the location, most people, let’s say, for example, put the Wi-Fi extenders in the wall and the ceiling, and by the time you get to the other side of the room, it’s really not very effective. Here, when we have our Wi-Fi extender repeater in the ceiling, like a lot of other things up here, you’ve got basically two to three times the range and also two to three times the speed. This is what’s critical and what people are missing in their homes as well for data and speed and Wi-Fi and Bluetooth performance. To install one bedroom is a minute, the house is a couple hours with all of our platforms, and a hotel or a building could be a couple days, not six months or a year. This is a game changer.

You could name rooms, you could name floors, you could, the lights on, lights off, dim, et cetera, all by voice and remotely. We also think there’s a great opportunity for prefabricated. We think that the prefab homes and buildings are growing, that whole business. Outside the U.S., it’s probably over 50%, and many countries are ready. They’re building high rises with prefabricated modules. In the U.S., it’s under 5%. It’s ideal because in the factory, when they’re building the modules, they could put in our receptacles, and then when they bring it out to the site and assemble, they could light up, put it, install the smart devices within minutes. This is a game changer for that whole business segment and making all those prefabricated modular homes smart, basically seamlessly, instantly. These are all our products.

We have global patents on all these high hats, exit signs, emergency lights, outdoor, and all these features are already being used and they’re in the market. One of the other big products that we’re launching in Q4 is our all-in-one smart heater and fan, which is a heater, turbo heater underneath a fan, and both for the heater, pushing the heat down, and a regular fan if you want to cool the room, same concept. The response has been very positive. That’s our pretty much overview of our products and our go-to-market, and I’m happy to take any questions.

Patrick, Noble: Thanks, Lenny. A few questions here. First off, just what you were speaking about there at the end, the smart heater and ceiling fan, that’s being expected to launch here towards the end of the year and help drive your path towards positive cash flow generation and that inflection point in Q4 that you’ve guided towards. Could you talk a little bit about what the impact you expect from that launch to be?

Lenny Sokolow, Co-CEO, SKYX Platforms: Yeah, the initial launch is the regular combined fan and heater for season. That’ll be followed by having it smart. Just that initial production, we expect to be delivered in Q4. The response from the big box has been really positive. There’s nothing like it in the market. We have global patents on it. What it does is it gets the box heater and the ceramic heaters off the floor, which have a tremendous problem with fires and deaths from people dropping blankets on it, et cetera. It happens all the time. What we didn’t realize is that the big box stores have a problem because when they do have those fires, the people who get hurt or injured or property damaged, they sue the manufacturer and they sue the retailer. This is also solving an enterprise problem, which we didn’t realize.

We think that as Q4 approaches and we start rolling out this product, since it’s a product that we manufacture, and the margins are longer on products that we have manufactured for us like these, we think that it’ll be impactful to helping us achieve cash flow break even. Of course, as we roll into next year, this should be an all-season product, right? It’s just not winter related. We’re working very hard to get that in the marketplace, you know, for Q4. It’ll also accelerate, we believe, the adoption, people understanding how to put, how to use it with the receptacle. It’s such an easy thing, and I have the receptacle, and then I walk up the ladder and I just click this thing in, and I’m good to go. It’s also going to, I think, accelerate, we believe it can accelerate the adoption. We’re excited about that.

Patrick, Noble: Could you actually, along those same lines, talk a little bit about your partnerships with manufacturers and the economics related to those, as well as with retailers and how those are structured from a profitability standpoint for you?

Lenny Sokolow, Co-CEO, SKYX Platforms: It really depends on the channel, but some of them, when we have a large order, let’s say from a developer, we work directly with the factories on the line of products that we’re delivering for them. We work, you know, we’re able to push because we have good relationships with the factories, you know, on good terms on those, let’s call it the direct, the B2B sales that are done not through our e-commerce, but directly. With respect to the B2C where we’re on our websites, a lot of those products now are from third parties, and we’re able to extend our payables out 30 to 60 days, and we collect the cash in day one or two. We have a kind of an inverted cash flow, a good one, you know, on our e-commerce site.

It really depends on the retailer or the partner and, you know, what we’re selling and the type of products we do. They could work with us on, you know, where we don’t, we don’t, similar to the e-commerce model, we call it the Dell model. They could work with us on the U.S. channels where we don’t, we don’t, we could maybe defer payment until we get paid. We’re working very hard to manage our working capital requirements. It really depends on the structure and, you know, the different purchase orders that we have. It could vary, but we’re very diligent about that.

Patrick, Noble: Excellent. Could you also talk a little bit about the Miami Smart City project? On the one hand, as far as that project goes, how long of a tail that project will have in terms of a revenue impact, and then also if there are other similar large developments that are partnerships that are in the pipeline?

Lenny Sokolow, Co-CEO, SKYX Platforms: That is a good question. In the Miami project, we’re projecting over 500,000 of our units, applications we call them, right? They could range from a simple receptacle, a simple flush mount light to our all-in-one Generation 3 in terms of revenue. There could end up being a blended average sales price to the developer on our products. We expect about 500,000 in total, and that’ll start into next year as they start doing the build-out and the rough-out of the project. It will first be the receptacles, which are our lowest revenue items that we recognize. When they’re ready to put in, in year two or year three, the actual fixture, appliance, smart device, that’s when the bigger revenues will kick in. Ultimately, those sales won’t end our outlook for revenue generation because post-sales, we have the opportunity for monitoring, the subscription fees, and data aggregation, et cetera.

It is a very unique model that we have because of the fact that we have Wi-Fi and Bluetooth in all our smart devices. Similar to what Alexa and Google is gathering in your home, we have that ability as well. It is very valuable, and it’s all anonymized, all legal data that we could aggregate and we would own. That is just the kind of a post-sale revenue opportunity, subscription, monitoring fees, et cetera. That will be residual, and over time, it will be potentially continued.

Patrick, Noble: Excellent. As far as additional partnerships with other builders and so forth, does that, you know, what is that pipeline? Is that pipeline growing? Are you getting more and more traction with other potential partnerships based on the credibility that you might be receiving from this very prominent smart city partnership?

Lenny Sokolow, Co-CEO, SKYX Platforms: Yeah, that’s a great question. It’s generated a lot of interest. We haven’t announced what things we’re working on, but stay tuned. It’s the developers, it’s the cities, and it’s the production homes and the prefab home industry. All those have been very active because of our model. It also opens the opportunity for partners for not only the production installation product, but also post-sale of the revenue streams. It’s very, very stay tuned, that’s all I can say.

Patrick, Noble: Lenny, I just want to squeeze in one more question. You showed the video from the hotel installation, and I’m wondering if you could talk a little bit about that channel and how discussions are going there in order to have partnerships with various hotel chains to really expand into that channel and as another meaningful revenue driver.

Lenny Sokolow, Co-CEO, SKYX Platforms: It is, we’re talking, you know, that is an important channel. We got to, we’re finishing production of products to be able to start the renovations, like that you saw the LED bathroom mirror, just for imagine the hotel bathrooms to click one in and click, you know, click it in. It’s a game changer. Those products are in production and being landed, as well as the exit signs, which is a big problem for hotels. They get damaged all the time by some of the people that stay there and for whatever reason. It’s all about delivering and then making sure we have the supply channel. The Marriott developer that has 60 Marriotts and 20 Hiltons disclosed with the Starwoods, which is a massive holding company for multiple brands, including Ritz-Carlton, et cetera. Excuse me.

We have the ability to penetrate further, not only in the U.S., but also in hotels outside the U.S., potential opportunities. It’s happening. We just, you know, it’s, we got a, we’re in a Ferrari and we’re driving 30 miles an hour right now. Part of it is being careful. Part of it is managing our working capital and trying to make sure we protect the shareholders.

Patrick, Noble: Great, much appreciated, Lenny. I just want to thank everyone for joining us today. Thank you, Lenny, for presenting your company. We really appreciate it.

Lenny Sokolow, Co-CEO, SKYX Platforms: My pleasure. Thank you very much for inviting us again.

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