SKYX Platforms Corp. Joins Russell 2000 Index, Advances Smart City Initiatives in Miami

SKYX Platforms Corp. (NASDAQ: SKYX) has announced its inclusion in the Russell 2000 Index, effective after market close on June 27, 2025, a move that underscores the company's growing influence in the smart home technology sector. This development coincides with SKYX's deployment of over 500,000 units of its Plug & Play technologies, including an AI-powered platform, at Miami's ambitious $3 billion Urban Smart Home City project. The project, a collaboration with SG Holdings and designed by Arquitectonica, represents a significant leap forward in urban smart home integration.

The company also reported a 6.3% year-over-year increase in Q1 2025 revenue, reaching $20.1 million, alongside securing $15 million in preferred stock funding from strategic investors such as The Shaner Group. With product demand on the rise, SKYX is preparing for the Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models, further expanding its product lineup.

Partnerships with major retailers and manufacturers, including Home Depot, Wayfair, Cavco Homes, and lighting leaders Kichler and EGLO, are expected to facilitate installations in over 30,000 homes by Q2 2025, with tens of thousands more anticipated in the latter half of the year. SKYX's management remains confident in achieving cash-flow positivity within the year, reinforcing the company's strong position in the evolving smart home market.