SKYX Platforms (SKYX) said Wednesday it has collaborated with a $3 billion mixed-use smart city project in Miami's Little River District to deliver over 500,000 plug-and-play smart home devices.
The company's technology suite includes smart ceiling outlets, AI-enabled platforms, lighting systems, and emergency equipment designed to improve home safety and efficiency, SKYX Platforms said.
Each apartment will be equipped with SKYX's all-in-one smart home system, featuring app and voice controls, emergency calling, intercom, safety lighting, and smoke/CO detection, it added.
The project will cover 63 acres and deliver 5,700 residential units, including 2,400 homes, along with retail space, green areas, and a $35 million Tri-Rail station, according to the company.
SKYX Platforms said it expects recurring revenue from future product upgrades, subscriptions, and integration across ongoing and future smart city developments.
Shares of the company were up about 5.8% in recent trading.
Price: 1.55, Change: +0.08, Percent Change: +5.10
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