SKYX Platforms to deploy over 1 million products, targets 100,000 homes

SKYX Platforms CEO Lenny Sokolow told investors Tuesday the company expects to deploy over 1 million plug-and-play products and reach more than 100,000 homes by the end of 2026. Sokolow also highlighted a new collaboration with NVIDIA's AI ecosystem.

Speaking at the IAccess Alpha Virtual Best Ideas Summer Investment Conference, Sokolow said the projected deployment covers multiple already-announced projects. The professional and retail segments would both contribute to the 100,000-unit goal. He described the company's platform as the future of smart and safe homes and buildings.

The patented Turbo Heater and Fan product line, which Sokolow said is growing despite warmer weather, is being expanded into an all-season fan category. The company created the category itself using its platform.

On the technology side, SKYX began working with NVIDIA's ecosystem as part of the Connect program during the first quarter. Sokolow said the platform works across verticals using NVIDIA's AI chips, allowing compatibility with current and future innovations. Revenue streams include recurring subscriptions tied to product upgrades, AI services, and interchangeability.

The projections are built on the same projects the company has previously disclosed. Sokolow did not offer current home penetration numbers or a timeline for the NVIDIA collaboration beyond the initial announcement. The 100,000-home target will depend on execution of those disclosed deployments.

SKYX's strategy centers on turning standard electrical fixtures into smart devices through its plug-and-play technology. The company positions itself as a platform rather than a single product, aiming to capture recurring revenue as users upgrade or add services over time.