SKYX Provides Corporate Update Including $9.5 Million in Recent Investment from its Leading Investors as it Continues to Grow its Market Penetration

SKYX Board Member Converted an $835,000 Convertible Note at $2.20 per share

SKYX is in Process of Expanding its AI Ecosystem Program and AI Future Offerings

SKYX Announced Launch of its Patented Advanced SKYFAN and Turbo Heater in U.S. Leading Retailer Target, as well as into the Canadian Market in addition to its E-Commerce Platform with 60 Websites

Driven by Strong Demand, Management Expects to Announce Additional Launches of its SKYFAN and Turbo Heater in January at Several Other Leading U.S. Retailers and Big Box Chains

The Company Anticipates the Winter Launch of its SKYFAN & Turbo Heater Will Advance its Path to Cash-Flow Positive

SKYX Continues its Growth and Expects to Deploy over 60,000 of its Products into Homes/Units by the End of Q1 2026 through Retail and Pro Segments

Management Expects to Secure Additional Significant Business Opportunities in 2026

Following SKYX’s Successful Demonstration of its Technologies during a Marriott Hotel Renovation Company Expects to Significantly Expand its Hotel Segment in 2026

SKYX Revenues Increased for 7 Consecutive Comparable Quarters from Q1 2024 Through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $23M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25

SKYX's Safety Code Standardization Team is Continuing to Progress and is Receiving Significant Support from a Prominent Leader with its Government Safety Organization Process for Safety Mandatory Standardization in Homes and Buildings of its Ceiling Outlet/Receptacle Technology

SKYX Will Supply its Technologies to Two Key Projects in Austin Texas 278 Units, and San Antonio Texas 340 Units, Built by Prominent Developers Landmark Companies, SKYX is Expected to Deploy Over 25,000 Units of its Advanced and Smart Plug & Play Technologies to The Projects

SKYX’s Major Collaboration with the Mixed-Use Smart City Development in Miami is Expected to Deploy over 500,000 Units of its Advanced and Plug & Play Smart Home Technologies; The Smart City Project Has Expanded from a $3 Billion to a $4 Billion Project

SKYX Will Be Launching a New AI Driven Software for its E-commerce Platform of 60 Websites Which is Expected to Increase its Conversion Rate and Sales Up To 30%; The AI-Native E-Commerce Platform is Designed to Elevate B2B and B2C Experiences through its Innovative and Smart Product Line

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring and Subscriptions, Among Others

MIAMI, Jan. 05, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today provides a corporate update including $9.5 million in recent investment from its leading investors as it continues to grow its market penetration.

Highlights, Recent and Future Events

• As of September 30, 2025, Company reported $13 million in total cash, cash equivalents, restricted cash, and receivables.
• Company has recently raised $9.5 million in additional capital from several of its leading shareholders.
• Company continues to leverage its cash position through its e-commerce platform of 60 websites among other methods including support from leading strategic investors and insiders.
• Management believes it has sufficient cash to achieve its goals including being cash flow positive.
• SKYX has recently extended and converted $13.5 million in notes coming due with maturity out to 5 years until 2030.
• SKYX entered into an agreement with Global Ventures Group, a leading U.S. and international real estate development firm, marking a significant step in SKYX’s global expansion strategy.
• Pursuant to the agreement, Global Ventures Group plans to deploy SKYX’s smart technologies into tens of thousands of homes and hotel rooms in that region and is expected to supply hundreds of thousands of units of its advanced and smart home technologies to projects across the Middle East, including developments in Saudi Arabia and Egypt.
• The Company entered a major collaboration with a mixed-use smart city development in the heart of Miami, now expanded to a $4 billion project. SKYX is expected to deploy over 500,000 units of its advanced and plug & play smart home technologies.
• SKYX announced it will be launching a new AI driven software for its e-commerce platform of 60 websites expected to increase its conversion rate and sales up to30%. The AI-native e-commerce platform is designed to elevate B2B and B2C experiences through its innovative and smart product line.
• SKYX announced it will provide over 25,000 units of its Advanced and Smart Plug & Play products in two projects in the Austin and San Antonio, Texas led by prominent developers Landmark Companies.
• Company is collaborating with Home Depot and Wayfair on its Advanced and Smart Plug & Play products for both retail and professional segments. SKYX’s product offering will include a variety of its advanced and Smart Plug & Play products including Retrofit Kits, Smart Light Fixtures, Smart Ceiling Fans, Ceiling Outlet Receptacles, Recessed Lights and more.
• Marriott hotel chain owner, The Shaner Group, led a $16.5 million preferred round to date. The Shaner Group is an owner, and developer of more than 70 hotels worldwide.
• SKYX has successfully demonstrated its technology during a Marriott Hotel renovation, incorporating its advanced and smart plug & play technologies, including ceiling lighting, recessed lights, downlights, wall lights, EXIT, and EMERGENCY lights, plug-in LED backlight mirrors among others.
• SKYX revenues increased for 7 prior period comparable quarters from Q1 2024 through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $24M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25.
• Management is expecting to secure additional significant business opportunities in 2026.
• SKYX continues its growth and expects to deploy over 60,000 of its products into homes/units by the end of Q1 2026 through retail and pro segments.
• The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including U.S., Vietnam, Taiwan, China, and Cambodia.
  
  

Safety Standardization Mandatory Code / Insurance Specification and Recommendation:

• SKYX's Safety Code Standardization Team is receiving support from a new significant prominent leader with its government safety agency’s process for a safety mandatory standardization of its electrical ceiling outlet/receptacle technology.
• SKYX’s code team is led by industry veterans Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA). The Company’s safety Code Standardization team believes it will garner assistance from additional safety organizations with its code mandatory safety standardization efforts based on the product’s significant safety aspects. Mr. Earley and Mr. Jacobson were instrumental in numerous code and safety changes in both the electrical and lighting industries. Both strongly believe that, considering the Company’s standardization progress including its product specification approval voting for by ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturers Association) and being voted into 10 segments in the NEC Code Book, it has met the necessary safety conditions for becoming a ceiling safety standardization requirement for homes and buildings.
• With respect to insurance companies, the Company strongly believes its products can save insurance companies many billions of dollars annually by reducing fires, ladder falls, and electrocutions among other things. Management expects that once it completes an entire range and variations of its safe advanced plug & play products it will start being recommended by insurance companies.
  
  

About SKYX Platforms Corp.

• As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.
• SKYX’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions. Company is focused on the “Razor & Blades” model and its product range includes its advanced ceiling electrical outlet (Razor) and its advance and smart home plug & play products (Blades) including its advance and smart home plug & play platform products, lighting, recessed lights, down lights, EXIT signs, emergency lights, ceiling fans, chandeliers/pendants, holiday/kids/themes lights, indoor/outdoor wall lights among other. Company’s plug & play technology enables an installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months.
• Company’s total addressable market (TAM) in the U.S. is roughly $500 billion with over 4.2 billion ceiling applications in the U.S. alone. Expected revenue streams from retail and professional segments include product sales, royalties, licensing, subscription, monitoring, and sale of global country rights.
  
  

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with First-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise 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; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions, including recent measures adopted by the federal government, on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Non-GAAP Financial Measures

Management considers earnings (loss) before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, an important indicator in evaluating the Company’s business on a consistent basis across various periods. Due to the significance of non-recurring items, EBITDA, as adjusted, enables management to monitor and evaluate the business on a consistent basis. The Company uses EBITDA, as adjusted, as a primary measure, among others, to analyze and evaluate financial and strategic planning decisions regarding future operating investments and potential acquisitions. The Company believes that EBITDA, as adjusted, eliminates items that are not part of the Company’s core operations, such as interest expense and amortization expense associated with intangible assets, or items that do not involve a cash outlay, such as share-based payments and non-recurring items, such as transaction costs. EBITDA, as adjusted, should be considered in addition to, rather than as a substitute for, pre-tax income (loss), net income (loss) and cash flows used in operating activities. This non-GAAP financial measure excludes significant expenses that are required by GAAP to be recorded in the Company’s financial statements and is subject to inherent limitations. Investors should review the reconciliation of this non-GAAP financial measure to the comparable GAAP financial measure. Investors should not rely on any single financial measure to evaluate the Company’s business.

Investor Relations Contact:

Jeff Ramson
PCG Advisory
[email protected]