SKYX announces an AI-driven e-commerce platform to enhance B2B and B2C sales across its home technology websites.
Quiver AI Summary
SKYX Platforms Corp. (NASDAQ: SKYX) announced its plan to launch an AI-driven software platform aimed at enhancing its e-commerce operations across 60 websites focused on lighting, home décor, and smart technologies. With the expectation of improving website conversion rates and sales by 30%, this initiative supports the company's growth in both B2B and B2C markets as it strengthens its builder segment through direct sales. Led by CEO Huey Long, former Director of Amazon E-Commerce, the new platform aims to unify data and accelerate revenue across specialty sites while expanding into new professional markets. Founder Rani Kohen emphasized the company's dedication to innovation and the creation of a smarter, safer living environment as a global standard. The initiative highlights the increasing significance of e-commerce and AI in retail growth.
Potential Positives
- SKYX is launching a new AI-driven software for its e-commerce platform, which is expected to increase website conversion rates and sales by 30%.
- The introduction of the AI platform aims to enhance both B2B and B2C segments, indicating potential for significant revenue growth.
- SKYX’s commitment to continuous innovation and use of AI demonstrates a proactive approach to improve efficiency and scaling of e-commerce operations.
- The leadership of CEO Huey Long, with his extensive background in e-commerce, positions the company well for capturing market share in fragmented home improvement markets.
Potential Negatives
- The press release heavily relies on forward-looking statements, indicating uncertainty about the company's ability to successfully launch and achieve market acceptance for its new AI-driven software, which could raise concerns about possible execution risks.
- The mention of potential risks affecting the company's ability to continue as a going concern may create apprehension among investors regarding financial stability.
- There is no mention of specific details about how the company will finance its operations or manage capital, leaving questions about financial sustainability in a competitive market.
FAQ
What is the purpose of SKYX's new AI-driven software?
SKYX's new AI-driven software aims to enhance e-commerce platforms, increasing conversion rates and sales by 30%.
How will SKYX's AI software support B2B and B2C segments?
The AI software is designed to grow both B2B and B2C segments by enhancing the builder and professional sales experience.
Who leads the SKYX e-commerce platform Belami?
Belami is led by CEO Huey Long and Executive Chairman Todd Johnson, who have extensive e-commerce experience.
What is SKYX's mission regarding smart homes?
SKYX aims to make homes and buildings safe, advanced, and smart, establishing these features as the new standard.
How many patents does SKYX hold?
SKYX holds over 100 pending and issued patents globally, emphasizing its commitment to innovation in home technologies.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SKYX Hedge Fund Activity
We have seen 41 institutional investors add shares of $SKYX stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 2,390,342 shares (+287.2%) to their portfolio in Q2 2025, for an estimated $2,497,907
- MILLENNIUM MANAGEMENT LLC removed 950,551 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $993,325
- GEODE CAPITAL MANAGEMENT, LLC added 718,712 shares (+96.9%) to their portfolio in Q2 2025, for an estimated $751,054
- VANGUARD GROUP INC added 602,591 shares (+24.2%) to their portfolio in Q2 2025, for an estimated $629,707
- STATE STREET CORP added 359,925 shares (+162.7%) to their portfolio in Q2 2025, for an estimated $376,121
- NORTHERN TRUST CORP added 340,869 shares (+256.7%) to their portfolio in Q2 2025, for an estimated $356,208
- CORIENT PRIVATE WEALTH LLC added 277,000 shares (+163.0%) to their portfolio in Q2 2025, for an estimated $289,465
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SKYX Positions to Advance its Market Penetration with the AI Native E-Commerce Platform Designed to Elevate B2B and B2C Experiences Through its Innovative and Smart Product Line
SKYX Continues to Grow its Builder Segment Through Direct Sales Channels and Intends to Utilize the New AI Driven Software to Enhance and Support its Builder and Pro Segments
E-Commerce Continues to Lead All Sectors as the Fastest-Growing Sales Channel for Businesses Worldwide
MIAMI, Nov. 05, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites, with a mission to make homes and buildings become smart and safe as the new standard, today announced it will be launching a new AI driven software for its e-commerce platform of 60 websites for lighting, home décor, and smart technologies. When fully integrated the new AI native driven software is expected to increase website conversion rates and sales by 30%.
As SKYX continues to grow its builder segment through direct sales channels, it intends to utilize the advantages of the new AI driven software platform to enhance and support its builder and pro segments. The software is expected to grow both B2B and B2C segments including SKYX’s advanced and smart home technologies.
SKYX’s E-commerce platform Belami, is led by CEO, Huey Long, and Executive Chairman, Todd Johnson.
Long, formerly Director of Amazon E-Commerce, Senior Vice President of Walmart, and Executive Vice President at Ashley Furniture, spearheaded the development of Amazon Basics, the company’s first private brand initiative. He has also served as Senior Vice President at Walmart Stores Inc., and Executive Vice President at Ashley Furniture.
Huey Long, CEO of Belami, said; “The next decade of retail growth will be driven by eCommerce and AI-powered innovation. By unifying our platform and data architecture, we can significantly accelerate revenue across more than 60 high-intent specialty sites and marketplaces while expanding into new B2B and professional segments. This new unified AI native software platform positions us to capture more share in large, fragmented home improvement markets — and to deliver measurable value for customers, vendors, and shareholders.”
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said; “This new AI-powered software reflects SKYX’s commitment to continuous innovation and growth. We are leveraging AI to maximize efficiency, scale our e-commerce operations, and create an intelligent ecosystem that supports our vision of making smart and safe living the global standard.”
To view SKYX's Technologies demo video CLICK HERE
About SKYX Platforms Corp.
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 has a series of highly disruptive advanced-safe-smart platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. 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 .
Forward-Looking Statements
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. 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 products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise 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; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; 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 can be no assurance as to any of the foregoing 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.
Investor Relations Contact:
Jeff Ramson
PCG Advisory
[email protected]