SKYX Platforms Corp. provides updates on its progress, including raising $3.25 million in September. The company demonstrated its technology during a Marriott Hotel renovation and will supply over 10,000 units for a project in Austin, Texas. SKYX is expected to deploy over 500,000 units for Miami’s Smart Home City project.

The Miami Smart Home City project, led by SG Holdings, aims to redefine the city’s urban landscape. SKYX has financial backing from U.S. and global manufacturers to support its product deployment. The company is also progressing towards a winter launch of its turbo heater & ceiling fan to achieve cash-flow positivity in 2025.

SKYX has raised $15 million in investments from strategic investors. The company leverages its trades payable to enhance its cash position. A strategic manufacturing partnership with Profab Electronics in Pompano Beach, Florida, aims to strengthen SKYX’s supply chain for its product lines.

The company’s Safety Code Standardization Team is supported by a prominent new leader for safety standardization efforts. SKYX’s products have the potential to save insurance companies billions annually. The company expects to be cash flow positive by the end of 2025 and has seen revenue growth over the past six quarters.

Read more at GlobeNewswire: SKYX Provides Corporate Update Including an Additional