SKYX Platforms Corp. Common Stock LD Micro 20th Annual Main Event Conference
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Please give a warm welcome to the CEO of SKYX Platforms, Leonard Sokolow.
Thank you very much. I know some of you may be familiar with the company. I am going to assume I am educating everyone equally. Let me start with a quick video of our products, and then I will get into some of the highlights.
SKYX Platforms. 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.
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 SkyPlatform installed safely and simply within minutes to the top center of your ceiling, blending inconspicuously with your decor. The SkyPlatform is integrated with a backup power failure LED light. In the center of the SkyPlatform 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 SkyPlatform. A series of SkyPlatforms installed in a home could repeat Wi-Fi signal and play the same music throughout the house.
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. SKYX showcases its advanced, safe, and fast install lighting technologies in a SpringHill Suites 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. 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. 3-in-1 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. That gives you some idea of the products that we have, and just go through real quick, so you'll have an overview of the company and what we've done and where we're going.
Just very quickly, I know a lot of people put their board and advisors in the back. Because we're a small NASDAQ company, we have an unbelievably impressive group involved with us for a reason. I have Steve Schmidt, my President, who's a former CEO of Nielsen and President of Office Depot International, and he really understands data. That's an opportunity for us long-term with data and having Wi-Fi and Bluetooth in homes and buildings. Bob Nardelli is a very active Advisor to us, got us into Home Depot. He's former CEO of Home Depot, of course GE Power Systems and Chrysler.
Al Weiss, former president of Disney, who did a lot of development with Disney parks, resorts, and even cruise ships. Our Lead Director, Tom Ridge. Governor Ridge is a two-time governor of Pennsylvania, former head of Homeland Security. I have been on the board with him for over 10 years. Lance Shaner, that was his Marriott we did a demo on. He owns 80 hotels, 60 Marriotts, 20 Hiltons. Probably the most important two guys, least known, is Mark Earley, former CEO, head of the National Electrical Code for over 30 years, and Eric Jacobson out of Texas, former head of the American Lighting Association. They have signed our application with the National Electrical Code to be mandatory. We are already a code standard. I will explain that real quick. Khadija Mustafa, former head of Global AI for Microsoft.
Our All-In-One Platform, she believes, is the best hub in a home or a room for aggregating data for chip performance, AI, et cetera. We have a great team. We finished Q2 with about $27 million in cash. We have had 10 consecutive quarters year-over-year comparable growth. You see our trends in 2025. We finished at $92 million in revenues. We announced and we closed last week a merger with Deako. It is a smart home, Silicon Valley-based company, and they were aiming to lead the smart home and builder markets with their. Together with us, our combined markets into that whole channel. They had over $26 million in revenues last year in 2025. They shipped over 32 million units of its smart home technologies and switches. They work with 50 U.S. home builders. We just announced another one today, press release, Miranda Homes, and their builders include D.R.
Horton, Toll Brothers. Their lead investors and on their board with Paul Jacobs, former CEO of Qualcomm, which was Qualcomm was a platform company, obviously Apple phones use them. When he invested in Deako, he viewed Deako as a platform into the homes and buildings with light switches and wall outlets. When he saw what SKYX had, he said, "This just makes so much sense as a platform company." We are an open system. I will show you how and why. Over the 25 million, they have shipped over 32 million units in their lifetime as a company, Deako. The other director of Deako was Marwan Fawaz, former CEO of Nest. Again, open platform and a very compelling group and investors that they have. They are now post-merger, their investor group is about 15%, one five, of SKYX.
We believe together in that builders channel that Deako had, we could increase the revenues fivefold. Their average sales price and the amount of receptacles and outlets they have, combined with the amount of receptacles and outlets that we address, indoor, outdoor sconces, which is probably 2x of what they do, we will address about 90 outlets. Our average sales price of our products is about up to fivefold. We think we will get a lot of leverage out of that channel. We think that the combined pipeline will be about 4 million units that we are projecting. The average sales price blended between all the products is about $50. Together, we have 120 patents that we have been granted and pending applications, and we have already pre-merger worked on the cost-saving synergies, and we think there will be about $6 million in savings.
Together, our buying power and the ordering power is going to be much more compelling. We save lives, our mission. We save costs, we save time, and simplify and advance all the builders and the big developments that we've done, and you'll see those. It's because the builders and developers save 90% of the time and 90% of the money to install fixtures and sconces, fans, et cetera. They're doing it for commercial and economic reasons. Of course, it's a lot safer. The total addressable market in the U.S. is $500 billion, and it doesn't include recurring revenues because once you have Wi-Fi and Bluetooth, we have subscription services, monitoring, call 911, as well as data aggregation. We'll be able to aggregate and legal anonymize data. Our revenue streams are product sales, interchangeability, easy to click in, click out.
Licensing, we've already announced our first licensing agreement with Eurofase, which is in the lighting industry. It's PE-backed. Why did they license from us? Because they see the penetration we're getting, and we've signed a five-year non-exclusive license. Together with Deako, we've addressing all these builders and also leveraging all the retail channels that we're already in with Home Depot, Lowe's, Target, Walmart, Amazon, Wayfair, 1StopLighting, which is one of our 60 websites we own. We announced last year a smart city. Two of our investors, billionaires in Miami, been developing there for multiple decades. They signed a 63-year land lease just north of Wynwood, which is where Art Basel is. They have every year in north of downtown Miami, you see South Beach in the foreground. They signed a 20-year land lease with the City of Miami to build a smart city.
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