SKYX Platforms Eyes Deako Merger to Scale Smart-Home Electrical Technology

Key Points

• SKYX expects its merger with Deako to close within weeks, combining complementary plug-and-play electrical technologies. Deako’s products are installed in roughly 350,000 homes and sold through more than 50 homebuilders, potentially accelerating SKYX’s residential-market reach.
• The combined platform is designed to simplify and speed up electrical installations while adding smart-home capabilities such as lighting control, monitoring, safety alerts and connectivity. SKYX estimates the technology can reduce installation time and costs by up to 90%, though the claim was not independently verified in the article.
• SKYX is pursuing broader adoption through electrical-code recognition, a potential mandatory-code designation, and projects across residential, hospitality and commercial markets in the U.S. and internationally. The company also sees future revenue opportunities from licensing, royalties, subscriptions and AI-enabled services.

SKYX Platforms NASDAQ: SKYX CEO Lenny Sokolow outlined the company’s smart-home and electrical-installation technology strategy at the Lytham Partners Fall 2026 Investor Conference, emphasizing its planned merger with Deako, building-code efforts and expansion into residential, hospitality and commercial markets.

Sokolow said SKYX expects its recently announced merger with Deako to close “in the next few weeks.” He described the combination as complementary because both companies use plug-and-play electrical technologies and serve overlapping homebuilder channels. Deako has sold 32 million units and has products installed in approximately 350,000 homes, according to Sokolow.

SKYX develops ceiling-mounted electrical receptacles and related fixtures intended to enable lighting, fans and other devices to be installed without directly handling wires. The company’s product line includes its Generation 3 All-In-One Smart Platform, which Sokolow said can be installed in about three minutes and incorporates smart-home functions such as lighting controls, motion detection, temperature and humidity monitoring, speakers, Wi-Fi support, safety alerts and room-to-room communication.

Deako Merger Targets Builder Channel

Sokolow said Deako’s presence with more than 50 homebuilders, including D.R. Horton, Toll Brothers and Stone Martin Builders, could help accelerate SKYX’s market penetration. He said the combined companies would address approximately 90 electrical outlets or junction boxes in an average home, creating a broader platform for smart-home devices and potential future services.

“Once we control basically all 90 outlets in an average home, we basically have a platform for making a home smart and safe easily,” Sokolow said.

He said the combined platform could support future artificial-intelligence services, subscriptions, monitoring and data aggregation, while also integrating with other smart-home technologies. SKYX currently works with platforms and companies including Google Home, Amazon Alexa, Alarm.com, Control4 and Matter, according to the presentation.

Sokolow also said the combined sales channels could create leverage for SKYX products. He estimated that each dollar of Deako sales could translate into about $5 of SKYX product sales, though he did not provide a timeline or financial forecast for that potential expansion.

Focus on Installation Speed and Safety

The company presented its technology as a way to reduce time and labor involved in installing lighting fixtures, ceiling fans, exit signs and other electrical products. Its video presentation showed applications in a SpringHill Suites Marriott hotel renovation, where SKYX said its systems could allow fixtures to be installed or replaced in seconds after the initial platform installation.

Sokolow said builders and developers have adopted the technology because it can save “90% of the time and money” associated with conventional installation methods. He also positioned the products as a safety solution through a double-locking mechanism designed to support ceiling fixtures.

SKYX said its technology has approvals or standards recognition involving UL, the National Fire Protection Association, the National Electrical Code, and ANSI/NEMA. Sokolow said the company’s ceiling receptacle technology is included in 10 segments of the electrical code and has been given the generic designation “weight-supporting ceiling receptacle.”

The company is pursuing a mandatory-code application for the technology, according to Sokolow. He said that if the technology becomes mandatory, SKYX would be required to license its basic plug and receptacle patents on fair, non-discriminatory royalty terms.

Commercial, Hospitality and International Projects

Sokolow cited multiple announced projects and initiatives across hospitality, residential and commercial markets. These include a full renovation of a Marriott property in Durham, North Carolina; smart-home and community projects in North Carolina, Pittsburgh and New York; and commercial and hotel opportunities in Europe.

He said SKYX is renovating a hotel in France and has an Accor-branded hotel project in Prague, Czech Republic. The company’s products are designed to operate on both 110-volt and 220-volt electrical systems, he said.

SKYX also referenced a 63-acre smart-city project north of Wynwood in Miami, as well as collaborations involving Saudi Arabia and Egypt. Sokolow said the company’s addressable market spans hundreds of millions of electrical installations annually in the U.S., although he did not provide further market-sizing details.

For the prior year, Sokolow said SKYX finished with $92 million, without specifying whether that figure represented revenue or another financial measure. He added that the company has announced 10 quarters of comparable quarter-over-quarter growth.

Beyond product sales, Sokolow said SKYX’s long-term model includes potential revenue from licensing, royalties and subscriptions. The company has more than 100 patents and patent applications, while Deako contributes approximately 17 U.S. and international patents, he said.

About SKYX Platforms (NASDAQ:SKYX)

SKYX Platforms Corp. is a technology company focused on advancing smart-home and building technology through its “Smart Home” and “Smart Platform” product offerings. The company develops plug-and-play electrical and smart-home solutions designed to improve the installation, connectivity, functionality and safety of lighting fixtures and other ceiling-based devices.

Its product portfolio includes smart ceiling receptacles, smart platforms, lighting products and related technologies intended to simplify the installation of smart lighting and enable additional connected-home features.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.