SKYX Platforms Corp. (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, has completed its merger with Deako Inc., a smart home technology provider that serves more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The closing of the transaction, announced by TechMediaWire, marks a significant expansion of SKYX's platform and its reach into the new construction market.
The combined company now has an estimated pipeline exceeding 4 million units, with an expected average selling price of approximately $50 per product. SKYX anticipates more than $6 million in annual cost savings from operational synergies. 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 additional details, the full press release is available at https://ibn.fm/SDvVZ.
This merger matters because it positions SKYX to capitalize on the growing demand for smart home technology in new residential construction. By integrating Deako's builder relationships and product portfolio, SKYX can offer a comprehensive suite of safe, smart, and AI-enabled solutions directly to homebuilders, potentially driving widespread adoption and creating a new standard for home technology. The combined entity's enhanced patent portfolio and recurring revenue opportunities further strengthen its competitive position in the rapidly evolving smart home market.
Investors and industry observers can find the latest news and updates relating to SKYX in the company's newsroom at https://ibn.fm/SKYX. TechMediaWire, part of the Dynamic Brand Portfolio at IBN, provides communications solutions that include corporate communications solutions and social media distribution to help companies like SKYX reach a broad audience. For more information on TechMediaWire's terms, please visit https://www.TechMediaWire.com/Disclaimer.
