SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, provided a corporate update on February 19, 2026, highlighting new product launches, a collaboration with NVIDIA, and significant investments from fundamental institutions. The company reported over $33 million in cash raised since September 30, 2025, including a $25 million investment from a fundamental institution at $2.50 per share with no warrants. Management believes the company is well capitalized to execute growth initiatives and progress toward sustained cash-flow generation and profitability.
SKYX announced a collaboration with the NVIDIA AI Ecosystem Connect Program and expects to grow this collaboration into its existing and future smart home projects. The company also launched its patented advanced SKYFAN and Turbo Heater at U.S. leading retailer Home Depot, including a new SkyPlug branding page on homedepot.com. Additionally, SKYX launched its Turbo Heater Fan at Target, Walmart, Lowe’s, and its e-commerce platform with 60 websites.
Revenues increased for seven consecutive comparable quarters from Q1 2024 through Q3 2025, and the company expects to continue quarterly growth. SKYX anticipates securing additional significant business opportunities during 2026, including supplying advanced and smart home technologies to key projects in the U.S. and globally, such as a North Carolina smart home community, a $4 billion smart city in Miami, Florida, and projects in Saudi Arabia and Egypt. The company expects to deploy over 1 million units of its plug-and-play technologies across these projects.
SKYX continues to grow market penetration and expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments. The company’s safety code standardization team is progressing toward a goal of mandatory safety standardization for its ceiling outlet technology. The team, led by former National Electrical Code head Mark Earley and former American Lighting Association president Eric Jacobson, believes the technology has met necessary safety conditions for becoming a ceiling safety standardization requirement.
The company also reported extending and converting $13.5 million in notes due to 2030, and successfully demonstrating its technology during a Marriott Hotel renovation led by The Shaner Group, which invested $16.5 million. SKYX will launch new AI-driven software for its e-commerce platform, expected to increase conversion rates and sales up to 30%. The company’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions.
SKYX has secured strategic manufacturing partnerships in the U.S., Vietnam, Taiwan, China, and Cambodia. The company believes its products can save insurance companies billions of dollars annually by reducing fires, ladder falls, and electrocutions, and expects insurance companies to recommend its products once a full range is completed.
