Curated News
By: NewsRamp Editorial Staff
June 25, 2025
SKYX Platforms Joins Russell 2000, Advances Smart Home Revolution
TLDR
- SKYX Platforms gains a competitive edge with its inclusion in the Russell 2000 Index and deployment of 500,000 smart home units in Miami's Urban Smart Home City project.
- SKYX Platforms will deploy its Plug & Play technologies, including an AI-powered platform, in a 63-acre development, following a 6.3% revenue increase in Q1 2025.
- SKYX Platforms' smart home technologies aim to enhance safety and lifestyle, making homes and buildings safer and smarter for a better tomorrow.
- SKYX Platforms is set to launch two All-In-One Smart Turbo Heater & Fan models in Winter 2025, expanding its innovative product line.
Impact - Why it Matters
This news highlights the growing importance of smart home technologies in enhancing safety and lifestyle. SKYX Platforms' inclusion in the Russell 2000 Index and its ambitious projects underscore the potential for significant advancements in how we live, making homes safer and more convenient. For investors, this represents a promising opportunity in a rapidly expanding market. For consumers, it means access to innovative products that could redefine home living standards.
Summary
SKYX Platforms Corp. (NASDAQ: SKYX) is set to join the Russell 2000 Index, marking a significant milestone as it advances its smart home initiatives, including the deployment of over 500,000 units of its Plug & Play technologies at Miami's $3 billion Urban Smart Home City project. This ambitious project, led by SG Holdings and designed by Arquitectonica, showcases SKYX's commitment to revolutionizing home safety and convenience with its AI-powered platform. The company also reported a 6.3% year-over-year increase in Q1 2025 revenue, reaching $20.1 million, and secured $15 million in preferred stock funding from strategic investors like The Shaner Group. With product demand on the rise and partnerships with major retailers and manufacturers, SKYX is poised for significant growth, aiming for installations in over 30,000 homes by Q2 2025 and achieving cash-flow positivity within the year.
For more details, visit the full press release.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Platforms Joins Russell 2000, Advances Smart Home Revolution
