SKYX Platforms (NASDAQ: SKYX) has signed an agreement to supply its patented safe advanced and smart home technologies to Trump Towers Hyderabad, a 2.2 million-square-foot luxury residential development in Hyderabad, India. The deal marks a significant milestone for SKYX as it expands its global footprint and demonstrates the scalability of its plug-and-play technologies in large-scale international projects.
Under the agreement, SKYX is expected to supply tens of thousands of units of its technologies during the development phase. Trump Towers Hyderabad will feature two 65-story towers connected by a suspended sky bridge and more than 450 residences. The project is being jointly developed by IRA Realty and Tribeca Developers, signaling strong confidence in SKYX's products from prominent real estate players.
The implications of this announcement extend beyond a single project. IRA Realty Founder and Managing Director Narsi Reddy stated that the developer intends to use SKYX technology as a building standard across its upcoming pipeline of premium branded townships and commercial portfolios. This commitment could translate into a recurring revenue stream for SKYX and solidify its position as a preferred supplier in India's rapidly growing real estate sector.
SKYX's technologies are designed to make homes and buildings safe-advanced and smart as the new standard. With over 100 U.S. and global patents and patent pending applications, the company emphasizes high quality and ease of use while enhancing safety and lifestyle. The adoption of its products in a high-profile development like Trump Towers Hyderabad could serve as a catalyst for broader acceptance in other international markets.
For investors, this agreement underscores SKYX's potential to capture a significant share of the global smart home and building technology market. The company also owns 60 lighting and home decor websites for both retail and commercial segments, further diversifying its revenue streams. As electricity is a standard in every home and building, SKYX's mission to make safe-advanced and smart technologies the new standard aligns with global trends toward automation and safety.
The full press release can be viewed at https://ibn.fm/7UgYc. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX.
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