SKYX Platforms Corp. Common Stock M&A announcement

Thank you. Good morning, everyone. We're very excited about this call and about the merger, SKYX and Deako merger. We will have today our President, Steven Schmidt, former CEO of A.C. Nielsen, with us. We will have Derek Richardson, Founder and CEO of Deako, and we will have Lenny Sokolow, our CEO, and they will each one give some color and their aspects of the deal. Before I move it to Steven Schmidt, I would like to say the following. We are extremely excited about this merger. We strongly believe it's not only game-changing for SKYX and Deako, this is game-changing for the smart home and AI industry. If you ask yourself, how come every car today and all cars are smart, while 90% of homes are not?

The answer is that the complexity, the time-consuming, the rigorous wiring are tremendous barriers to make homes become smart. Technologies are so advanced, while homes are 90% not smart, and globally, it's a higher number. We strongly believe that this SKYX merger with Deako will revolutionize the smart home and AI industry. What we offer here, this offering, eliminates all the hard wiring and weeks of making a home become smart within minutes or hours at maximum. Every home has about 90 outlet boxes, electrical outlet boxes. We aim to control and lead all of those boxes with all-in plug-and-play solutions. While it takes usually several companies to fill those 90 outlet boxes, smart home companies, smoke detectors companies, wall switch companies, wall outlet companies, lighting companies, ceiling fan companies, we offer the entire solution where all our competitors need a few of them to do that.

90 outlet boxes are average per home in America, while we offer an all-in-one solution with all plug-and-play from wall outlet all the way to wall switches, to smart home plug-and-play products and smart lighting, smart ceiling fan, and an entire smart home, all plug-and-play solution. Not only are we the only one that has the entire solution, our competitors that need three or four to make an entire home or 90 boxes smart are all doing it with wires. So those two elements, the plug-and-play solution for the entire home, and the fact that we can offer the entire complete solution for a smart home, I think is game-changing for SKYX and for the smart home industry. We, for six months, had back and forth due diligence. We on Deako on us, and we understood that our platforms are game-changing.

Therefore, Deako's management, led by Derek Richardson, Scott Vertrees, and their board members and lead investor, Paul Jacobs, former CEO and Chairman of Qualcomm, and Marwan Fawaz, former CEO of Nest, all believe that our game-changing platforms are also game-changing for the industry. All the aspects here of this merger are win-win situations. There is going to be huge cost savings because of consolidation of employees and software accountings and general administration. We are going to do 5x on the SKUs that Deako offers today to the builder market with all the leading builders, including D.R. Horton, Toll Brothers, and many others. All of this will provide a lead position to control the outlet boxes in home, all plug-and-play, safe plug-and-play solution, very important to say, safe plug-and-play solution.

By this, whoever owns those 90 outlet boxes, might own the subscriptions, monitoring, data aggregation for our own use, and study to improve AI and our products, as well as open to licensing opportunities. So we are extremely excited after many, many meetings, discussions, and conversations. We are very happy to announce this, and this is just the beginning. We want to remind everyone this is just the beginning. Stay tuned on this because there is a lot more to say on this story. With that being said, I would like to have Steve Schmidt, our President, go over some bullet points and additional highlights.

Thank you, Steve. Rani, thank you very, very much.

As Rani said, we are really excited to announce the signing of this merger agreement with the leading U.S. AI smart home Silicon Valley-backed company, Deako. We are aiming to significantly enhance our strategy to lead the smart home, builder, and hotel markets with our combined platform technologies. I strongly believe that our combined plug-and-play platform technologies with vast electronic real estate and endless offerings, including home safety centers, smart home centers, AI intelligence, and much more, will be game-changing for the smart home, building, and hotel industries. Some facts on Deako. In the past five years, Deako has shipped over 32 million units of its technologies, including its smart home plug-and-play switches, and over $26 million in revenue in 2025.

They are a leading technology supplier to over 50 U.S. builders, including D.R. Horton, Toll Brothers, Risewell Homes, Adams Homes, Maronda Homes, Shea Homes, Schumacher Homes, among others, and is expected to fast-track SKYX technologies to the vast builder market. Their lead investors, as Rani talked about, and board members include Paul Jacobs, former Chairman and CEO of Qualcomm, and board member Marwan Fawaz, former CEO of Nest. Additionally, Deako is a smart home AI platform and intelligent lighting company with 20 U.S. and global patents and patents pending applications for plug-and-play advanced smart homes and AI-activated lighting wall switches.

The merger agreement between SKYX and Deako will enable SKYX to address, from A to Z, the smart electronic real estate of electrical outlet boxes in homes and buildings, including wall outlets, wall switches, ceiling outlet boxes for smart homes and safety products, lighting, ceiling fans, smoke detectors, among others, all with the advanced and smart home plug-and-play solutions. Most smart home solutions today require, as Rani talked, time-consuming and very costly wired installations and address only part of the A to Z opportunity. The SKYX/Deako merger is aiming to facilitate an entire A to Z solution, all plug-and-play for advanced smart home AI platforms and products. As previously stated, the merger is expected to fast-track SKYX's technologies and products into Deako's vast builder market footprint of over 50 U.S. builders, including those named above.

Additionally, this merger will open the door for Deako's products into SKYX products, including Marriott and European Hotels, Miami's $4 billion smart city, among others. This merger is expected to increase Deako's SKU count to builders, hotel, and pro markets fivefold. Additionally, this merger is expected to provide deployment opportunities of millions of combined products into the builder, hotel, and pro market, and future recurring revenue opportunities from plug-and-play products, interchangeability, AI services, monitoring, subscriptions, licensing, among others. This merger will enable significant cost-saving synergies, including overhead consolidation in software, accounting, general administration, sourcing, efficient optimization, and other benefits. This merger will expand the collective patent portfolio, where SKYX has over 100 patents and pending applications, and Deako with 20 patents and patents pending applications to over 120 patents and patents pending applications related to platforms, smart home, AI, and plug-and-play products.

Finally, I have to say in closing, that working with Rani over these many years, I need to emphasize that this merger and its growth potential really demonstrate how Rani's vision and business acumen are as unique as his inventing capabilities. Great job. With that, let me turn it back to Rani.

Thank you very much, Steve, and we will now go to Derek Richardson, founder and CEO of Deako.

Very excited to join Rani, Lenny, and the entire SKYX team. I'm Derek Richardson, founder and CEO of Deako. Before starting Deako, I was a sales leader at BlackBerry and Cypress Semiconductor. I'd first like to mention that all of us at Deako, myself included, along with our board members, Paul Jacobs, the former CEO and Chairman of Qualcomm, Marwan Fawaz, the former CEO of Nest, and our Executive Chairman, Scott Vertrees, are all very excited about our merger with SKYX and its game-changing platform technologies. That includes its all-in-one smart home and AI platform technology, as well as its plug-and-play ceiling outlet receptacle, which was voted in by ANSI, NEMA, and the NFPA's National Electrical Code based on its significant safety benefits. We view our merger with SKYX much like the way PayPal started. Elon Musk and Peter Thiel decided to merge and become PayPal instead of competing.