SKYX Platforms Expands European Presence Through Hospitality Technology Partnership

SKYX Platforms Corp. has entered into an agreement with European development group OTT Heritage Hospitality to deploy and market its smart home and building technologies across Europe's hospitality sector. The partnership targets a market of over 132,000 hotels with hundreds of thousands of additional rooms in development, representing a significant expansion opportunity for the technology company.

During the agreement term, the companies expect to deploy SKYX's technologies to hundreds of European hotels, buildings, and developments, with projections reaching hundreds of thousands of units. This expansion comes as Europe anticipates approximately 124,000 new hotel rooms opening in 2026, with over 250,000 additional rooms currently in development pipelines across the industry.

OTT Heritage Hospitality will leverage its platform and network to provide access to hospitality projects throughout Europe, actively marketing and facilitating adoption of SKYX's technologies. The partnership emphasizes the significant time and cost efficiencies of up to 90% that SKYX's technologies can provide for hotel renovations and new construction projects.

"As a long-time developer of hotel and real estate projects, I see a tremendous opportunity in marketing and facilitating the penetration of SKYX's highly disruptive technologies into hotels and real estate projects across Europe," said Jean-François Ott, Founder of OTT Heritage Hospitality. "By leveraging significant time and cost efficiencies of up to 90% for hotel renovations as well as new builds, we can enable properties to become smarter, safer, and more technologically advanced."

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, noted that "This partnership marks a significant step in our global expansion strategy as we continue with our goal and mission to advance hotels, homes, and buildings by making them smarter and safer." The company views this agreement as part of its broader strategy to establish smart technology as a standard feature in buildings worldwide.

Beyond initial product deployment, SKYX's technologies are expected to generate long-term recurring revenue opportunities through monitoring services, subscriptions, and artificial intelligence services. The platform also offers product upgrades, interchangeability, and integration capabilities for future development projects. For more information about OTT Heritage Hospitality, visit www.ottheritagehospitality.com, and for details about SKYX, visit https://www.skyx.com/.