SKYX Platforms Corp. Common StockSKYX
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SKYX Platforms Corp. Common Stock Noble Capital Markets Virtual Equity Investor Conference

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Joe GomesManaging Director and Senior Analyst

Good afternoon and welcome to the Noble Capital Markets Virtual Equity Conference. I am Joe Gomes, Managing Director and Senior Analyst at Noble Capital. Today, I have the pleasure of introducing SKYX Platforms. Following the presentation, we will have some time for Q&A. With us today from the company is Len Socolow, Chief Executive Officer. With that, I am going to turn it over to the company. The floor is yours, Len.

Lenny SokolowCEO

All right. Thank you very much. Thank you, Joe. Appreciate the opportunity. I am going to start with a quick 4 and a half minute video, make sure everyone understands our product line. Then I will get into a little bit about us, and also our recently announced merger. Let me start now. SKYX Platforms.

Speaker

SKYX, the future is here. Advancing, simplifying, while saving time, cost, and lives. SKYX's technologies won 7 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.

Speaker

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 SKYX all-in-one platform is fully integrated with an AI ecosystem. 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 SkyOutlet, as approved by the National Electrical Code. SkyPlug 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.

Speaker

In the event of a fire, the integrated smoke and CO2 sensor would make an alarming sound. The SkyHome App can easily control light intensity, motion detector, light color control, temperature and humidity monitoring, room-to-room intercom, control volume and music in each room. SKYX Platforms showcases its advanced, safe, and fast install lighting technologies in a SpringHill Suites by 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.

Speaker

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. Introducing the SkyFan & Turbo Heater, a breakthrough in home comfort. Three-in-one comfort. Fan, heater, light. Good for all seasons. A powerful ceramic heater for cozy winters. A high-performance fan for cool, breezy summers. A soft LED light to set the perfect mood anytime. Installs simply in minutes with the SkyPlug system. No wires, no mess. The Sky heater chandelier, the only ceiling fixture you'll ever need. SkyFan & Turbo Heater. Okay.

Lenny SokolowCEO

Then maybe I'll take a little time and go through our deck a little and give you an overview, and update you a little bit on the announced merger we announced just several weeks ago and expect to close very soon, with respect to Deako. Just to give you a flavor, briefly, we have our inventor and founder, Rani Kohen. Steve Schmidt, former CEO of Nielsen and President of Office Depot is our President. A very active advisor, Bob Nardelli, former CEO of Home Depot, Chrysler, and GE Power Systems. He helped get us into Home Depot. The current CEO of Home Depot is someone he hired. Al Weiss, former President of Disney Worldwide Parks, Hotels, Resorts, and Cruise Ships. He has been an active investor with us, strategic, and understands what our products can do for the commercial side.

Lenny SokolowCEO

Governor Tom Ridge is our Lead Director and of course, former head of Homeland Security and a two-time Governor of Pennsylvania. Lance Shaner owns 80 hotels globally, 60 of which are Marriott, and that demo you saw was his Marriott in State College, Pennsylvania. We recently announced the Marriott we're doing renovation for now in Durham, North Carolina. Mark Earley, probably most important, least known guy, headed the National Electrical Code and Chief Engineer of the NFPA, which is the National Fire Protection Association, which was the umbrella organization for the code. When he retired, he joined us. He assigned our application for mandatory. We are already a standard in the National Electrical Code. We are already a defined receptacle along with the wall outlet. We are now the first time they've changed the receptacle to add us in 120 years.

Lenny SokolowCEO

Our next step is mandatory, just like the ground fault circuit interrupter that is in your bathroom or kitchen. He is, along with Eric Jacobson, former CEO of the American Lighting Association, signed our application. Also Khadija Moustafa, former Microsoft Global AI and Business Leader. She believes that our Generation 3 platform, which you saw, there is nothing else in the market that is a hub for a home to aggregate data and performance of AI and chip performance. We have announced the Deako merger, and both companies have focused on the fact that why are 100% of the cars smart, meaning data is getting shared somewhere, doing something for your car, and 90% or more of the homes are not. The main barrier really has been that it is time-consuming and the costly wiring of smart home systems. Both SKYX and Deako end the hazardous wiring problem.

Lenny SokolowCEO

Our solution to having all-in-one, you saw in Generation 3, within minutes, you could have a smart home, smart room with our app, speaker, smoke, CO detector, 5G. It works with Alexa, Amazon, and Google. This could take days to install in the old-fashioned way with wired, and we solved that problem. Again, we took the idea of an iPhone with all these features all in one device, and it can be anything that is invented sometime in the future. Again, to Khadija Moustafa's point, this location in the center of a room, with respect to any signal, Wi-Fi or Bluetooth, gives you 2 to 3 times the range and the speed. Everyone has got their Wi-Fi extenders in the wall because that is where the electrical outlet is, and by the time it gets to the other part of the room, there is degradation.

Lenny SokolowCEO

When it is up here in the top of the room in the ceiling, you get really unlimited range for a home or room without interruption. With Deako, the two companies, we will be able to address all of the outlets and the junction boxes in the home between the ceiling, sconces, indoor, outdoor, and wall switches and outlets. There is about 90 average, and with that is a platform that both companies have. The Deako merger announcement had a quote from Paul Jacobs, former CEO of Qualcomm, who is a big investor in Deako, along with Marwan Fawaz, also on the board of Deako and a big investor who was a former CEO of Nest. They both invested because Deako, one, is an open platform, and Qualcomm had the similar approach for its chip with respect to mobile devices and phones, believing that they serve as a platform for many technologies.

Lenny SokolowCEO

Both companies approached it this way. We have all our line of products, fans and lights in our all-in-one platform, and they have all their wall switches, doorbells, locks, automated, all synchronized with their app. Our two apps will be combined. We both approach the market as a razor and blade model. Ours is plug-and-play. Again, our patents cover the receptacle and the plug itself, and this is what is a standard now in the code book. They have the receptacle, and they have all the products that plug into it, and I will show you how theirs works. The Deako addresses are ready. They sell to about 50 builders, including D.R. Horton and Toll Brothers.

Lenny SokolowCEO

What is important to understand is that for every dollar they sell into that channel, they could probably sell fivefold more adding our products to the channel, primarily because one, we address more outlets in the home, and two is that our average sales price or our products and margins are longer and bigger than theirs. There is a lot of leverage in this transaction for us. Again, 90 junction boxes we address, and both companies have focused on recurring revenues, post-product sales Data, AI, subscriptions, monitoring. Once you are in the home and you are providing data or services like 911, smoke, fire department, police department, you have a revenue opportunity, let alone the data that you are collecting. You are able to install and make a one-bedroom smart within minutes, a large home within hours, and a building or a hotel within days smart. Both companies are ready work.

Lenny SokolowCEO

We collaborate, again, open platform, Google, Alarm.com, Siri, Control4, SmartThings, Alexa, and we are both focused on utilizing the Matter chip, which is a chip that enables a lot of the smart product companies to talk to each other. This is the footprint of the builders, and SKYX has already announced the smart city in Miami. It is a $4 billion project just north of Wynwood, 63 acres. The two big billionaire investors are also investors in SKYX. They understand what we do, and our component is what is making it smart, including the train station. We know that we could sell all of Deako's products into this project as well. So there is a cross-selling channel opportunity between the two companies. We just announced yesterday two towers in Hyderabad, India. Two Trump Towers, 65 stories, 2.2 million square feet.

Lenny SokolowCEO

We expect to deploy tens of thousands of units, and it is a huge opportunity, and there are also an indication that our partners could help make this a standard in other projects in India. We have two announced multifamily projects in Texas, one in North Carolina, smart home community, Pittsford, New York, a collaboration with a group in Saudi Arabia and Egypt for potential projects. A European group, Group OTT, we already have two renovations in France for a hotel and in Prague in the Czech Republic for a hotel for renovation. Of course, I mentioned the Durham hotel, the Marriott for Lance Shaner's hotel. So this is a picture of the second one here of the Trump Towers in Hyderabad, and of course, the European projects. The $92 million we exited 2025. We have had 10 consecutive quarters of year-over-year growth, and quarter-over-quarter comparable growth, 10 consecutive quarters.

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