SKYX Platforms (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, has closed its merger with Deako Inc., a smart home technology provider serving more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The combined company has an estimated pipeline exceeding 4 million units, with an expected average selling price of approximately $50 per product, and anticipates more than $6 million in annual cost savings from operational synergies. The deal, announced via SKYX Platforms (NASDAQ: SKYX), marks a significant consolidation in the smart home sector.
Deako, which shipped more than 32 million units and generated over $26 million in revenue in 2025, brings established builder relationships that SKYX expects will accelerate adoption of its plug-and-play smart home products. The merger also expands the combined patent portfolio to more than 120 issued and pending patents and creates opportunities for recurring revenue through AI services, subscriptions, and licensing. Under the transaction, SKYX issued 25 million common shares, leaving existing SKYX shareholders with 84.4% ownership and Deako shareholders and its lender with 15.6%. For full details, see the full press release.
The merger is important because it combines SKYX's advanced safe, smart, and AI platform technologies with Deako's extensive builder network, potentially accelerating the adoption of smart home technology in new residential construction. With over 100 U.S. and global patents and patent pending applications, SKYX aims to make homes and buildings safe-advanced and smart as the new standard. The company also owns 60 lighting and home decor websites for both retail and commercial segments. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX.
The combined company's pipeline of over 4 million units, with an average selling price of approximately $50 per product, suggests potential revenue generation of up to $200 million from the pipeline alone. Additionally, the $6 million in annual cost savings from operational synergies could improve profitability. The expansion of the patent portfolio to over 120 patents strengthens the company's intellectual property position, potentially enabling licensing opportunities and recurring revenue streams.
This merger could have broader implications for the smart home industry, as it creates a larger player with the scale to influence building standards and accelerate the integration of AI and smart technologies into new homes. Home builders and consumers may benefit from more advanced, safe, and easy-to-use smart home products. For investors, the merger presents a potential growth opportunity, though it also carries integration risks. The news was distributed through TechMediaWire, a specialized communications platform focused on pioneering companies driving the future of technology. TechMediaWire is part of the Dynamic Brand Portfolio at IBN, which provides access to a vast network of wire solutions via InvestorWire and other services. For full terms of use and disclaimers, visit https://www.TechMediaWire.com/Disclaimer.
