SKYX Platforms Corp. (NASDAQ: SKYX), a platform technology company specializing in smart home and lighting solutions, has announced a significant agreement to supply more than 80,000 units of its advanced plug-and-play and smart home technologies to over 1,000 residences built by Maronda Homes. The installations are expected to span several states, including Ohio, Georgia, Maryland and Pennsylvania. This deal marks a substantial expansion of SKYX's market penetration and underscores the company's strategy to make smart and safe technologies standard features in homes and buildings.
Maronda Homes, founded in 1972, has built more than 70,000 homes across the United States and currently develops residential communities in 11 states. The partnership with SKYX allows Maronda to integrate cutting-edge smart home technology into its new constructions, potentially enhancing the value and appeal of its homes. For SKYX, this agreement represents a major vote of confidence from a well-established homebuilder and accelerates the adoption of its platform technologies in the residential market.
SKYX's technologies are designed to enhance safety and lifestyle in homes and buildings, with over 100 U.S. and global patents and patent pending applications. The company also owns 60 lighting and home decor websites for both retail and commercial segments. As electricity is a standard in every home and building, SKYX's mission is to make homes and buildings become safe-advanced and smart as the new standard. This agreement with Maronda Homes is a step toward that goal, demonstrating the growing demand for integrated smart home solutions among builders and homeowners.
The implications of this announcement are significant for SKYX's growth trajectory. By securing a deal with a prominent homebuilder like Maronda Homes, SKYX not only increases its revenue potential but also gains valuable exposure in key markets. The installation of over 80,000 units across more than 1,000 residences will provide real-world validation of SKYX's technology, potentially leading to further adoption by other builders. Investors can view the full press release at https://ibn.fm/Xhd99 and stay updated on the latest news and updates relating to SKYX in the company's newsroom at https://ibn.fm/SKYX.
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