SKYX Signs Agreement to Supply 1,000 Homes With its Advanced Smart Home Platform Technology Products

MIAMI, FL, October 25, 2023 - SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a "SKYX Technologies") a highly disruptive platform technology company with over 77 pending and issued patents globally, and over 60 lighting and home décor websites with a mission to make homes and buildings become safe and smart as the new standard, today announced that it signed an agreement with a Florida developer to supply approximately 1,000 homes with a variety of its advanced and smart home platform technology products.

A SKYX smart home, that will include the Company's patented advanced smart platform technology and its plug & play products, will enable builders to make homes become smart and safer instantly and efficiently.

SKYX is expected to deliver approximately 30,000 units, representing a variety of its advanced and smart platform technology plug & play products, to the Floridan developer Jeremiah Baron Companies upcoming projects. Delivery is expected to start in 2024 and to continue throughout the course of the construction of the projects.

Link to developer's website: https://jeremiahbaroncompanies.com

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.

SKYX Platforms Corp. (NASDAQ: SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with 77 U.S. and global patents and patent pending applications and over 60 lighting and home décor websites. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

The letter agreement represents the parties' intentions to supply and purchase products, but is not a binding commitment on either party to purchase or sell a specific or any quantity of product. The parties agree to further negotiate the pricing and terms for the ultimate sale of units of the SKYX Products in good faith. The agreement signed between the parties is non-binding. Parties have entered into mutual understanding, which is subject to negotiation of final agreement terms.

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "can," "could," "continue," "estimate," "expect," "evaluate," "forecast," "guidance," "intend," "likely," "may," "might," "objective," "ongoing," "outlook," "plan," "potential," "predict," "probable," "project," "seek," "should," "target" "view," "will," or "would," or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. Such forward-looking statements include any statements regarding SKYX's products becoming a new standard. There can be no assurance that any of the Company's current or future products or technologies will gain market acceptance or that they will be adopted by any state, country, or municipality, within any specific timeframe or at all. Our estimates of the addressable market for our products may prove to be incorrect. The projected demand for our products could materially differ from actual demand. These statements reflect the Company's reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of sales, the Company's efforts and ability to drive the adoption of Sky's Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There is no assurance that any of the Company's products will become National Electrical Code (NEC)-code mandatory in any jurisdiction, or that any of the Company's current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all. There can be no assurance as to any of these matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

SOURCE: SKYX Platforms Corp. dba Sky Technologies