SKYX Merges with Deako to Transform the Smart Home Industry

In a significant development within the smart home sector, SKYX Platforms Corp. has successfully merged with Deako, a notable player in AI-driven home technology. This alliance not only promises to enhance the product offerings of both companies but also aims to position them as leaders in the burgeoning smart home market.

Merger Overview

This merger, announced on October 14, 2026, creates a powerhouse with a robust pipeline exceeding 4 million units, each expected to be sold at an average price of around $50. With this merger, current shareholders of SKYX maintain an 84.4% stake in the combined company, while Deako's shareholders and lenders hold 15.6%.

Key Players and Innovations

• Notable investors of Deako include Paul Jacobs, the former CEO of Qualcomm, and Marwan Fawaz, ex-CEO of Nest.
• Deako has an impressive record of shipping over 32 million units, contributing significant revenue with smart lighting solutions.
• The merger enhances SKYX’s already substantial patent portfolio, which now boasts over 120 patents and pending applications for smart home solutions.

This combination of expertise and technology sets the stage for not only product innovation but also strategic expansion into new markets, including hotels and residential builders.

Strategic Advantages

The merger is expected to streamline operations, with a forecasted expense reduction of more than $6 million annually. This economic efficiency is anticipated to not only lead Deako to profitability but also support SKYX in achieving positive cash flow.

Furthermore, Deako's established relationships with over 50 prominent U.S. home builders, including D.R. Horton and Toll Brothers, provide an invaluable channel for the distribution of SKYX's advanced technological solutions.

Future Opportunities

Both companies look forward to leveraging the merger to drive future revenue through various avenues, including:

• Plug-and-play product interoperability
• AI-driven services and subscription models
• Enhanced monitoring and licensing opportunities

With an ambitious aim to transform homes into smart living spaces, their product portfolio includes a comprehensive range of AI-centric devices such as wall outlets, switches, and safety products designed for ease of use and effective functionalities.

Leadership Insights

Rani Kohen, Founder and Executive Chairman of SKYX, stated, “This merger represents a transformative opportunity to redefine smart home technology standards, merging our innovative technologies with Deako's market presence.”

Derek Richardson, Founder and CEO of Deako, added, “Together, we envision increasing revenue potential per home significantly, thereby creating meaningful long-term value for our stakeholders.”

As they work to integrate their operations and technologies, the combined expertise of SKYX and Deako positions them strongly for the future of smart homes.