NASDAQ: SKYX
MAKING
homes & buildings safe & smart
THE NEW STANDARD
Cautionary Statements
This presentation has been prepared by SKYX Platforms Corp. (d/b/a Sky Technologies) (the "Company") solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in completing their own evaluation of the Company and does not purport to contain all of the information that may be relevant. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in the presentation and any other information provided by or on behalf of the Company. This presentation does not constitute an offer to sell, nor a solicitation of an offer to buy, any securities of the Company by any person in any jurisdiction in which it is unlawful for such person to make such an offering or solicitation. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of the securities of the Company or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense.
Except as otherwise indicated, this presentation speaks as of the date hereof. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof. The Company anticipates that subsequent events and developments will cause its views to change; however, it undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws. You should, therefore, not rely on these forward-looking statements as representing the Company's views as of any date subsequent to the date of this presentation.
Certain of the information contained herein may be derived from information provided by industry sources. The Company believes that such information is accurate and that the sources from which it has been obtained are reliable. The Company cannot guarantee the accuracy of such information and has not independently verified such information.
Certain statements contained in this presentation constitute forward-looking statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Our estimates of the addressable market for our products may prove to be incorrect. The projected demand for our products could materially differ from actual demand. Forward-looking statements speak only as of the date they are made and include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company's efforts and ability to drive the adoption of Sky's Plug Smart Platforms into multi-family residential buildings and communities and adoption by hotels, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, and other risks and uncertainties described in the Company's filings with the Securities and Exchange
Commission. In | particular, | the | NEC's approval of the Company's | generic | names | for | its | weight-bearing | safe plug | & | play outlet/receptacle | for ceilings as WSCR (Weight-Supporting Ceiling Receptacle) for |
its | universal | ceiling | outlet and | WSAF | (Weight-Supporting Attachment Fitting) for its ceiling plug, or the American | National Standards Institute's (ANSI) and | the National Electrical Manufacturers Association's (NEMA) vote for | |||||
the | standardization | of | the | Company's | weight-bearing | plug | and outlet/receptacle for ceilings, | does not guarantee approval by the | National Fire Protection Association's (NFPA) Committee on the National Electrical Code (which | |||
consists of multiple code-making | panels and | a technical correlating committee and develops the National Electrical Code (NEC)) or any other | trade or regulatory organization and does not guarantee that any of the Company's products | |||||||||
will | become National | Electrical Code | (NEC)-code mandatory in | any jurisdiction, or | that any | of the | Company's current or future products | or technologies will be adopted | by any state, country, or municipality, within any specific timeframe | |||
or at all. There can be no assurance as to any of these matters. | Readers are cautioned not | to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to |
update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Additional risk factors are included in the Company's annual report on Form 10-K and it's subsequent filings with the Securities and Exchange Commission.
The Company's first-generation technologies enable light fixtures, ceiling fans and other electrically wired products to be installed safely and plugged in to a ceiling's electrical outlet box within seconds, and without the need to touch hazardous wires. The plug and play technology method is a universal power-plug device that has a matching receptacle that is connected to the electrical outlet box on the ceiling, enabling a safe and quick plug and play installation of light fixtures and ceiling fans in just seconds. In recent years, the Company has developed prototypes that expand the capabilities of its power-plug product, to include advanced safe and quick universal installation methods, as well as advanced smart capabilities, which are currently in the third and final prototype stage prior to launching. The smart features contained in the final prototype include control of light fixtures and ceiling fans by the SkyHome App, through WIFI, Bluetooth Low Energy and voice control connections. The Company's second-generation technology, which is in the second stage prototype, is an all-in-one safe and smart advanced platform (the "Smart Sky Platform") that is designed to enhance all-around safety and lifestyle of homes and other buildings. While the Company has developed and created working prototypes of its advanced and smart products, it is continuing to refine the product prototypes and expects to begin commercial manufacturing and marketing in the second half of 2022 for the advanced products and the smart universal power-plug, ceiling fans and lighting products and for the Smart Sky Platform. The Company cannot provide any assurance that it will be able to successfully launch its new products and technologies in its anticipated timeline, or at all, or that it will be able to integrate its products and technologies with third-party products and technologies, further develop them to include new features and to respond to customer demands, or otherwise realize its product strategy. In addition, the Company's estimates of the addressable market for its products may prove to be incorrect, and the projected demand for the Company's products could materially differ from actual demand. Even if the total addressable market for the Company's products is as large as it has estimated and even if it is able to gain market awareness and acceptance, the Company may not be able to penetrate the existing market to capture additional market share.
The Company's future plans include offering subscription services as part of its Smart Sky Platform, including, among other services, communications, fire alarms, home intrusion alerts, emergency response services and monitoring services. The smart platform will include, among other features, a smart smoke detector, a smart carbon monoxide detector, and a WIFI extender. The Company intends to expand its operations to enable it to provide services relating to these functions, including high-speed internet services, monitoring systems designed to sense movement, smoke, fire, carbon monoxide, temperature, and other environmental conditions and hazards, monitor home access and visitors and address personal emergencies such as injuries and other medical emergencies. The Company's ability to provide such services will depend on a variety of factors, including, but not limited to, subscriber interest and financial resources, any applicable licensing and regulatory compliance, the Company's ability to manage its anticipated expansion and to hire, train and retain personnel, and general economic conditions. The Company may partner with other businesses to provide such services. The Company expects to begin providing such services in 2023, but cannot provide any assurance that it will be able to do so.
1
KEY U.S. and Global Leaders Joining SKYX
Our founder Rani Kohen has managed to engage a Management, Board and Advisory team that includes U.S. and world leading members from a variety of industries. most of them invested in the Company and are all compensated in stock and options.
Rani Kohen | Steve | Bob Nardelli | Al Wiess | Governor | Mark Earley | Eric Jacobson | Lance | Khadija | Paul |
SKYX | Schmidt | SKYX Senior | SKYX Senior | Tom Ridge | SKYX Head of | SKYX Co-Head | Shaner | Mustafa | Chernawsky |
Founder | SKYX | Advisor | Advisor | SKYX Lead | Code | of Code | Chair of | SKYX Senior | Chair of SKYX |
President | |||||||||
and | Director of the | /Standards. | /Standards. | SKYX's | Tech Advisor | Insurance | |||
Executive | Former CEO | Former | Former | Board. | Former Head of | Former | Hotel | Advisory | |
Chairman | CEO | President | Former | the National | President/ CEO | Advisory | Former | Board | |
of Nielsen | |||||||||
of | of | Head of | Electrical Code | of the | Board | Microsoft | |||
DATA/Rating | |||||||||
Business | Home Depot, | Disney | Homeland | (NEC) | American | Global AI and | Founder of | ||
Corporation, | |||||||||
Leader, | Chrysler, | Worldwide | Security | And Chief | Lighting | Owner of | Business | Endurance | |
Entrepreneur | and | and | Parks, Hotels, | and | Engineer | Association | Leader | ||
over 60 | E&Y | ||||||||
And | President | GE Power | Resorts, | Two times | of the NFPA | (ALA) | retires | ||
Marriott, | entrepreneur | ||||||||
Inventor | of | Systems | Cruise Ships, | Governor | retires after 33 | retires after 30 | after 23 years | ||
Hilton, | |||||||||
Office Depot | and Products | Of | years and | years and | and | of the year | |||
IHG, hotels | |||||||||
International | Pennsylvania | joins SKYX | joins SKYX | joins SKYX | 2017 | ||||
2
Overview
Our Mission:
To make homes and buildings SAFE and SMART as the NEW Standard
Our Products Significantly:
Save Lives - Save Cost - Save Time - And Simplify
Company strongly believes that based on these aspects we are positioned to revolutionize both the lighting and smart home industries and can become a safety standard in homes and buildings in the U.S. and globally.
- Patents: We have over 90 U.S. and Global Patents and Patents Pending Applications with 30 issued patents including in the U.S., China, India and Europe
- We are currently selling our product in over 60 Lighting and Home Décor Websites
- Immense $500B U.S. Addressable Market (TAM) spanning almost every room
- Expected Revenue Streams include product sales, royalties/licensing, subscription monitoring and sale of global country rights
3
Our Technologies Advance Key Sectors
- Electrical and Building Safety Regulators: Will advance homes and buildings safety.
- Insurance Companies: Huge dollar savings for Insurance companies.
- Lighting industry: Will save cost and significantly increase sales and profits.
- Smart home industry: Will save significant cost and increase adoption.
- Electrical Outlet Box manufacturers: Will significantly increase sales and profits.
- Builders: Significant cost and time saving, while enhancing buildings safety.
- Apartment Buildings: Significant cost and time saving, while enhancing buildings safety.
- Hotels: Significant cost and time saving while enhancing buildings safety.
- Cruise Industry: Significant cost and time saving, while enhancing buildings safety.
4
Financial Highlights 12-23-2023
- Generated a record $58.8 million in revenue in 2023, including E-commerce sales, smart home products and advanced plug & play products as compared to $32,022 in 2022.
- Reported $22.4 million in cash, cash equivalents, restricted cash, available cash, and investments available for sale as of December 31, 2023, as compared to $16.8 million as of December 31, 2022.
- Management anticipates the Company will become cash-flow positive during 2025.
5
Key Collaborations in The Past 6 Months
Key Collaborations with U.S. and World Leading Companies
- SKYX and General Electric (GE) signed a 5-year global licensing partnership agreement to license SKYX's patented advanced and smart home platform technologies, including its ceiling outlet/receptacle related products as well as its all-in-one smart home platform technology.
- Announced a collaboration with world leading lighting Company Kichler, which will include SKYX advanced smart and standard products for online, retail, and professional channels.
- Announced a collaboration with U.S. leading lighting manufacturer Quoizel a U.S. leading lighting manufacturer for nearly 100 years, which will include SKYX advanced smart and standard products for online, retail, and professional channels.
- Announced a collaboration with U.S. leading elegant lighting company Golden Lighting, which will include SKYX advanced smart and standard products for online, retail, and professional channels.
- Announced a Global Collaboration with World Leading Chinese Lighting Supplier and Manufacturer For The US, Chinees, and European Markets. The Collaboration Provides SKYX Substantial Backing in Several Areas Including Financial, Mass Production Manufacturing Capabilities, and Distribution to Global Markets
Enhancing Market Penetration to Both Retail and Pro Segments
- SKYX has started sales to the builder and pro segments and opened over 100 builder and pro accounts during Builders' Show (IBS - NAHB) in Las Vegas.
- During 2023 SKYX has already shipped its products to thousands of U.S. homes. Products include both advanced and smart home plug & play products. Many orders to homes included multiple units.
- SKYX expects its product to be in tens of thousands of homes during this calendar year.
- SKYX has begun selling to the Canadian market.
- Company continues to enhance market penetration of its advanced and smart platform technology product to both retail and pro segments through its e-commerce platform of over 60 websites for lighting and home décor.
- The Company entered into an agreement to supply approximately 1,000 homes with its advanced smart home platform technologies and is expected to deliver approximately 30,000 units representing a variety of its advanced and smart platform technology products to the developer's upcoming
projects. | 6 |
Universal Ceiling Outlet Receptacle
4.2 Billion Applications In U.S. Homes/Buildings
- 140 Million U.S. Homes
- Average of 30 light fixtures per home Including common areas (lobbies, corridors, emergency steps, parking garages, exterior, etc.)
- 140M x 30 = 4.2 Billionfixtures Installed in US homes
- Average of fixture replacement is 10 years
- 4.2B : 10 years = 420M U.S. fixture installs annually
- 4.2 Billion US installs are residential only, and do not include commercial properties
- Estimated number of U.S. commercial installs are similar to residential
SKYX is Opening a New World of Plug & Play Ceiling Products
NOW Every HOME Shall have a CEILING Outlet Receptacle
Every HOME has a WALL Outlet Receptacle
- Global fixture installations are estimated to be several
billion annually. | 7 |
Making Homes & Buildings Smart Instantly!!!
RAZOR & BLADE MODEL
Opening a New World
of Plug & Play Ceiling Products
Create a
SMART
HOME
IN MINUTES
SMART HOME PACKAGES FOR
- Homes
- Buildings
- Hotels
- Commercial
Ceiling Outlet / Receptacle
Plug & Play
SkyPlug
- Safe Plug & Play
- Safety Double Locking Mechanism
- Each Lock Bearing tested for 200 lbs
- Specified to holds 50 lbs
App & Voice Control
Apple Siri
Amazon Alexa
Google Home
Samsung Bixby
Plug & Play: Lighting, SMART Lighting, All-In-One SMART HOME Platform, Fans & SMART Fans
8
SKYX Wins SEVEN CES 2023/24 Awards
SEVEN 2023/24 CES AWARDS
(CES- Consumer Electronic Show)
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Disclaimer
SKYX Platforms Corp. published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 16:34:32 UTC.