SKYX Platforms (NASDAQ: SKYX), an advanced smart home and artificial intelligence technology company, has closed its merger with Deako Inc., a smart home technology provider that serves more than 50 U.S. home builders, including D.R. Horton and Toll Brothers. The combined company now 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. The deal significantly strengthens SKYX's position in the rapidly growing smart home market and could accelerate the adoption of its plug-and-play smart home products across the U.S. homebuilding industry.
Deako brings substantial traction to the merger. The company shipped more than 32 million units and generated over $26 million in revenue in 2025. Its established relationships with major home builders are expected to serve as a catalyst for SKYX's technology, which aims to make homes and buildings safe, advanced, and smart as a new standard. By integrating Deako's builder network with SKYX's innovative platform, the combined entity is poised to scale quickly and capture a larger share of the smart home market.
The merger also expands the combined patent portfolio to more than 120 issued and pending patents, creating a formidable intellectual property moat. This broad portfolio covers advanced, safe, smart, and AI platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, SKYX owns 60 lighting and home decor websites for both retail and commercial segments, further diversifying its revenue streams. The enhanced patent portfolio not only protects the company's innovations but also opens opportunities for recurring revenue through AI services, subscriptions, and licensing.
Under the terms of 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%. This structure allows SKYX to maintain majority control while bringing Deako's assets and relationships into the fold. The merger is expected to be accretive to SKYX's growth trajectory, providing immediate scale and operational efficiencies.
The strategic rationale for the merger is clear: by combining SKYX's disruptive smart home technologies with Deako's established builder relationships, the company can accelerate the adoption of its products in new home construction. With electricity being a standard in every home and building, SKYX's mission to make homes and buildings safe-advanced and smart as the new standard aligns well with the growing consumer demand for smart home features. The combined pipeline of over 4 million units represents a significant revenue opportunity, especially with an average selling price of around $50 per product.
For investors, the merger news is available in the full press release at https://ibn.fm/SDvVZ. The latest updates and news relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX. As the smart home market continues to evolve, SKYX's expanded capabilities and patent portfolio position it as a key player to watch.
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