SKYX Platforms Corp. (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, has closed its merger with Deako Inc., a smart home technology provider serving more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The combined company has an estimated pipeline exceeding 4 million units, with an expected average selling price of approximately $50 per product, and 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%. The deal marks a significant consolidation in the smart home technology sector, where integrating hardware, software, and AI-driven services is increasingly critical to capturing market share. By joining forces, SKYX and Deako aim to offer builders a seamless solution that enhances safety, convenience, and energy efficiency in homes.
The strategic rationale extends beyond simple scale. Deako’s established footprint with major home builders provides SKYX with immediate access to a distribution channel that might otherwise take years to build. In turn, SKYX’s advanced platform technologies, including its plug-and-play smart home products, can be integrated into Deako’s existing product lines, potentially increasing the average selling price per home and creating new revenue streams. The anticipated cost savings from operational synergies further strengthen the combined company’s financial profile.
For investors, the merger signals a potential inflection point for SKYX. The company’s ability to execute on its expanded pipeline and realize recurring revenue from AI services will be key to justifying the issuance of 25 million shares. The market will also watch how quickly the combined entity can convert its 4 million unit pipeline into actual sales, especially given the cyclical nature of the housing industry.
SKYX’s mission is 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 also owns 60 lighting and home decor websites for both retail and commercial segments. Its technologies emphasize high quality and ease of use, aiming to enhance safety and lifestyle in homes and buildings.
The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX. For more information about TechMediaWire, visit TechMediaWire. TechMediaWire is part of the Dynamic Brand Portfolio @ IBN, which provides access to a vast network of wire solutions via InvestorWire and editorial syndication to 5,000+ outlets. The platform also offers press release enhancement and social media distribution to millions of followers. For full terms of use and disclaimers, see https://www.TechMediaWire.com/Disclaimer.
