SKYX Platforms Corp (NASDAQ:SKYX) has announced a collaboration leading home improvement retailer with Home Depot Inc (NYSE:HD).
SKYX Platforms is a smart platform technology company with over 94 issued and pending patents globally.
The partnership aims to introduce SKYX's advanced smart plug-and-play products into the market, making homes and buildings smarter and safer.
SKYX will launch various products, including Retrofit Kits, Smart Light Fixtures, Smart Ceiling Fans, Ceiling Outlet Receptacles, and Recessed Lights.
The products are expected to be available on Home Depot's website in the coming months, with some items being available in select stores.
Steve Schmidt, President of SKYX Platform, said, "Our technology offers a variety of products for both retail and professional segments; therefore, I view this collaboration as a tremendous growth opportunity for us that can have a significant impact on our business".
The collaboration with Home Depot is poised to expand the reach of SKYX's smart technologies, bringing advanced solutions to a wider audience.
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said, "We strongly believe that this opportunity will have a significant effect on our business and market penetration for both our retail and professional sales channels."
Price Action: SKYX shares are trading higher by 2.46% at $1.25 in premarket at last check Tuesday.