SKYX Platforms Completes Merger with Deako to Expand AI Smart Home Technology Platform

SKYX Platforms Corp. (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, announced the closing of its merger with Deako Inc., a smart home technology provider serving more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The combined company has an estimated pipeline exceeding 4 million units, with an expected average selling price of approximately $50 per product, and anticipates more than $6 million in annual cost savings from operational synergies.

Deako, which shipped more than 32 million units and generated over $26 million in revenue in 2025, brings established builder relationships that SKYX expects will accelerate adoption of its plug-and-play smart home products. The merger also expands the combined patent portfolio to more than 120 issued and pending patents and creates opportunities for recurring revenue through AI services, subscriptions and licensing. Under the transaction, SKYX issued 25 million common shares, leaving existing SKYX shareholders with 84.4% ownership and Deako shareholders and its lender with 15.6%.

For Texas, the merger signals growth in the state’s technology and construction sectors. SKYX, which is based in Austin, Texas, will integrate Deako’s smart home technology into its platform, potentially benefiting Texas home builders and consumers. The combined company’s focus on AI-driven smart home solutions aligns with Texas’s reputation as a hub for innovation and business expansion.

The merger’s impact extends to the broader smart home industry. With a pipeline of over 4 million units and an average selling price of approximately $50 per product, the combined company is positioned to capture a significant share of the growing smart home market. The more than $6 million in annual cost savings from operational synergies will allow SKYX to invest further in research and development, potentially accelerating the introduction of new products and services.

Moreover, the expansion of the patent portfolio to over 120 issued and pending patents strengthens SKYX’s intellectual property position, creating opportunities for licensing and partnerships. The recurring revenue potential from AI services, subscriptions, and licensing could provide a stable income stream, enhancing the company’s financial stability and attractiveness to investors.

SKYX’s mission is to make homes and buildings safe-advanced and smart as the new standard. The company owns 60 lighting and home decor websites for both retail and commercial segments, and its technologies emphasize high quality and ease of use, significantly enhancing safety and lifestyle in homes and buildings. The merger with Deako is a strategic step toward achieving this mission.

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