SKYX Platforms' 4 Million Unit Pipeline Signals Growing Smart Home Demand in Texas and Beyond

SKYX Platforms Corp. (NASDAQ: SKYX), a smart home technology company, reported a combined pipeline with Deako estimated at more than 4 million units, with an expected average selling price of approximately $50 per product. The disclosure came as part of a corporate update that also highlighted several recent agreements and financial milestones, according to a press release distributed via InvestorWire.

The pipeline includes a plan by Deako to supply more than 80,000 units to 1,000 Maronda Homes residences. SKYX separately signed agreements to supply technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. The company expects its merger with Deako to reduce annual cash expenses by more than $6 million and potentially increase Deako revenue per home by up to fivefold.

SKYX reported $27.7 million in cash, cash equivalents and restricted cash at the end of the second quarter of 2026, along with 10 consecutive quarters of year-over-year growth. The company said it is targeting positive cash flow as it exits 2026 and anticipates increased seasonal sales of its patented Turbo Heater Fan. SKYX also highlighted licensing agreements, planned artificial intelligence-driven e-commerce enhancements and continued efforts to establish mandatory safety standards for its electrical ceiling outlet technology.

The update matters for Texas because SKYX is a publicly traded company whose advanced safe, smart and AI platform technologies carry 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. For readers tracking the state's innovation economy, SKYX's progress offers a window into how home technology firms are scaling through mergers and licensing rather than only direct sales.

The broader market implications are notable. A combined pipeline above 4 million units at roughly $50 per product suggests meaningful revenue potential if the deals convert. The Deako merger, if it delivers the projected $6 million in annual cash expense reductions and the anticipated revenue-per-home gains, could strengthen SKYX's balance sheet as it pursues positive cash flow. The international projects, including the Trump Towers in India, also indicate demand for smart building technology beyond the United States.

For industry observers, SKYX's push to establish mandatory safety standards for its electrical ceiling outlet technology could influence how builders and regulators approach electrical safety in homes and commercial buildings. The company's planned AI-driven e-commerce enhancements point to a wider trend of blending hardware with digital sales channels.

The full press release is available at https://ibn.fm/LJP97. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX. InvestorWire, a specialized communications platform focused on wire-grade press release syndication, is one of 75+ brands within the Dynamic Brand Portfolio @ IBN and provides services including editorial syndication to 5,000+ outlets and social media distribution.