SKYX Platforms Expands Smart Home Infrastructure with Miami Project and Russell Index Inclusion
TL;DR
SKYX Platforms secures exclusive smart home infrastructure provider role in $3 billion development, deploying 500,000 devices, ensuring market dominance.
SKYX Platforms focuses on safe-advanced smart technologies with 97+ patents, enhancing safety and lifestyle in homes and buildings globally.
SKYX Platforms aims to make homes safer and smarter as the new standard, enhancing quality of life and safety for occupants.
SKYX Platforms set to join Russell 2000(R) and Russell 3000(R) Indexes, achieves record Q1 revenue of $20.1 million, showcasing significant growth.
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SKYX Platforms Corp. (NASDAQ: SKYX) is poised for substantial expansion after announcing a major smart home infrastructure project in Miami's Little River District and confirming its upcoming inclusion in prominent stock market indexes.
The company will deploy more than 500,000 smart home devices in a $3 billion mixed-use development, serving as the exclusive smart home infrastructure provider. This strategic deployment represents a significant milestone in the company's growth strategy and demonstrates the increasing demand for advanced smart home technologies.
In addition to the Miami project, SKYX has been selected for inclusion in the Russell 2000 and Russell 3000 Indexes, effective June 27, 2025. This inclusion is a notable achievement that typically signals a company's market capitalization growth and increased investor visibility.
The company recently reported record first-quarter revenue of $20.1 million and remains confident in achieving cash flow positivity in the second half of the year. SKYX's technology portfolio, which includes over 97 U.S. and global patents and patent pending applications, focuses on creating safe, advanced, and smart infrastructure for homes and buildings.
The Miami project and index inclusion suggest SKYX is positioning itself as a significant player in the evolving smart home technology market, with potential implications for residential and commercial infrastructure development.
Curated from InvestorBrandNetwork (IBN)
