Smart Home
Search documents
SKYX Provides Corporate Update including New Product Launches, NVIDIA Collaboration, and $29 Million in Recent Investments from Fundamental Institutions
Globenewswire· 2026-02-19 15:00
Core Insights - SKYX Platforms Corp. has announced a collaboration with NVIDIA AI Ecosystem Connect Program, aiming to enhance its smart home projects and technologies [1] - The company has launched its patented SKYFAN and Turbo Heater at major U.S. retailers, including Home Depot, Target, Walmart, and Lowe's, and expects significant growth in these product lines [1] - SKYX has reported a consistent revenue increase for seven consecutive quarters and anticipates further growth and business opportunities in 2026 [1][2] Financial Performance - As of September 30, 2025, the company reported $13 million in cash and equivalents, and has since raised over $33 million, including a $25 million investment at $2.50 per share [2] - The company has extended $13.5 million in notes due until 2030, strengthening its balance sheet for growth initiatives [2] - SKYX expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments [2] Product Development and Market Expansion - The company is launching an AI-driven software for its e-commerce platform, projected to increase conversion rates and sales by up to 30% [2] - SKYX has secured strategic manufacturing partnerships globally, including in the U.S., Vietnam, Taiwan, China, and Cambodia [3] - The company aims to deploy over 1 million units of its smart home technologies in various upcoming projects, including a $4 billion smart city in Miami and developments in Saudi Arabia and Egypt [1] Safety and Standardization Efforts - SKYX's Safety Code Standardization Team is making progress towards mandatory safety standards for its ceiling outlet technology, supported by industry veterans [7] - The company believes its products can significantly reduce costs for insurance companies by minimizing risks such as fires and electrocutions [7] - SKYX's technologies are positioned to become a standard feature in homes and buildings, with a total addressable market in the U.S. estimated at $500 billion [7]
CD&R Keeps Buying Resideo Technologies, Adds Another $63 Million in Stock
Yahoo Finance· 2026-02-09 17:01
What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 9, 2026, Clayton, Dubilier & Rice, LLC (CD&R) increased its stake in Resideo Technologies (NYSE:REZI) by 1,689,758 shares. The estimated transaction value, based on the average quarterly closing price, was approximately $62.53 million. The fund's quarter-end position value in Resideo Technologies decreased by $47.74 million, reflecting both new purchases and stock price movements. What else to know This buy brings th ...
鹿客Lockin冲刺港交所:静脉智能锁出货量位居全球第一,年营收超10亿元
IPO早知道· 2026-02-07 01:33
Core Viewpoint - Luoketech aims to strengthen its position in the smart lock market, focusing on AI-enabled home security solutions and expanding its product offerings to enhance user experience and functionality [5][6]. Company Overview - Established in 2014, Luoketech specializes in smart locks and comprehensive security solutions for homes and communities [3]. - The company launched its first integrated smart lock and management system in 2015, leading the trend of smart management in Chinese apartments [3]. Product Development - In 2021, Luoketech introduced the first mass-produced vein recognition smart lock, followed by the launch of the first mass-produced palm vein smart lock in 2023, enhancing security features beyond traditional fingerprint and facial recognition [4]. - The company unveiled the world's first AI smart lock with long-distance wireless optical charging at CES this year [5]. Market Position - In 2024, Luoketech's global smart lock shipment is projected to reach 1.3 million units, ranking fourth globally with a market share of 2.6%. In mainland China, it ranks third with a shipment of 1.2 million units and a market share of 5.8% [5]. - Luoketech leads the industry in palm vein smart lock shipments with a market share of 10.5% [5]. Financial Performance - Revenue for Luoketech was 1.015 billion yuan in 2023 and is expected to reach 1.086 billion yuan in 2024. In the first three quarters of 2025, revenue increased by 11.5% to 774 million yuan compared to the same period in 2024 [7]. - The gross profit margins for 2023, 2024, and the first three quarters of 2025 were 31.1%, 35.2%, and 31.2%, respectively, while net profit margins were 1.4%, 4.9%, and 4.1% [8]. Investment and Valuation - Luoketech has attracted investments from notable firms including Baidu and Xiaomi, achieving a valuation of 3.5 billion yuan after a 200 million yuan investment from Zhongguancun Science City in December 2025 [9]. - Baidu holds an 18.43% stake in Luoketech, making it the largest external investor [10]. Future Outlook - The global home security management solutions market is expected to grow at a CAGR of 11.4%, reaching $66 billion by 2029, with smart locks being a critical component of this growth [6]. - Luoketech plans to use IPO proceeds to enhance its AI-enabled home security technology ecosystem, expand its brand marketing, and repay existing debts [10].
SKYX Announces Launch at Home Depot of its Ceiling Plug & Play SKYFAN & TURBO HEATER, including a Launch of a Dedicated SkyPlug Branding Page at HomeDepot.com
Globenewswire· 2026-02-06 14:28
Core Insights - SKYX Platforms Corp. has launched its new patented all-in-one ceiling plug & play SKYFAN and Turbo Heater at Home Depot, which is expected to significantly enhance product visibility and consumer education in 2026 [1][2][7] - The ceiling fan and space heater categories represent a multi-billion-dollar annual market in North America, indicating substantial growth potential for the company [1][4] - The launch of the dedicated SkyPlug branding page on HomeDepot.com aims to support product education and awareness, facilitating scalable growth for SKYX [2][3] Company Overview - SKYX Platforms Corp. is a technology platform company focused on making homes and buildings safe, advanced, and smart, holding over 100 patents globally and operating 60 lighting and home décor websites [8][9] - The company emphasizes high-quality design, simplicity, and enhanced safety in its products, which are intended for various applications in residential, commercial, hospitality, and institutional settings [9][10] - SKYX's business model includes recurring revenue opportunities through product interchangeability, upgrades, AI-enabled services, and subscriptions, following a "razor-and-blades" strategy [10] Product Details - The SKYFAN and Turbo Heater product combines a ceiling fan with an integrated turbo heater, designed for year-round use to address both heating and cooling needs, improving safety and efficiency [4][5] - The company plans to expand variations and additional SKUs of the Turbo Heater Ceiling Fan to cater to both residential and commercial markets, responding to early demand [5] Market Potential - SKYX estimates its total addressable market in the U.S. at approximately $500 billion, with over 4.2 billion ceiling applications available, indicating a vast opportunity for market penetration [11]
Resideo Wins Two 2026 IoT Breakthrough Awards for Smart Home Innovation
Prnewswire· 2026-02-05 22:19
Core Insights - Resideo Technologies has won two 2026 IoT Breakthrough Awards for its Honeywell Home X8S smart thermostat and First Alert CX4 video cameras, highlighting its innovation in connected technology [1][3] Company Overview - Resideo is a leading global provider of home comfort, safety, and security solutions, with a strong presence in over 150 million residential and commercial spaces worldwide [5] - The company sells tens of millions of new devices annually and has over a century of proven expertise in the industry [5] Product Recognition - The Honeywell Home X8S smart thermostat was awarded "Smart Heating and Cooling Product of the Year" for its advanced features, including live video streaming, precision sensing, and indoor air quality monitoring [8] - The First Alert CX4 video cameras received the title of "Connected Home Camera Product of the Year" for their high-quality video and flexible installation options, enhancing home security [8] Industry Impact - The 2026 IoT Breakthrough Awards evaluated nearly 4,000 nominations, emphasizing Resideo's leadership in the smart home ecosystem and its commitment to delivering technology that addresses real-world problems [3]
Lockin Technology (Beijing) Co., Ltd.(H0399) - Application Proof (1st submission)
2026-02-05 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Lockin Technology (Beijing) Co., Ltd. 鹿客科技(北京)股份有限公司 (the "Company") (A joint stock company incorporated in the Peo ...
SmartRent: Is The Market Ignoring The SaaS Transformation?
Seeking Alpha· 2026-02-05 10:39
Company Overview - SmartRent (SMRT) is a leading company in providing smart home solutions, offering both smart software and devices [1] Product Offering - The company enables homeowners to have comprehensive visibility and full control over their real estate assets [1]
SKYX Announces Closing of $25 Million in Funding via Offering of Common Stock at $2.50 per share from One Fundamental Institutional Investor
Prism Media Wire· 2026-01-27 13:00
Core Viewpoint - SKYX Platforms Corp. has successfully closed a $25 million funding round through a registered direct offering of common stock priced at $2.50 per share, aimed at enhancing its working capital and corporate purposes [2][3]. Group 1: Funding Details - The company issued a total of 10 million shares of common stock for an aggregate purchase price of $25 million, with no warrants included in the offering [3]. - Roth Capital Partners acted as the exclusive placement agent for this funding round [3]. Group 2: Company Overview - SKYX Platforms Corp. is a technology platform company focused on creating smart and safe homes and buildings, holding over 100 patents globally and operating 60 lighting and home décor websites [2][6]. - The company aims to modernize traditional electrical infrastructure with its plug & play technologies, enhancing safety and functionality [6][7]. Group 3: Market Potential - SKYX estimates its total addressable market in the U.S. to be approximately $500 billion, with over 4.2 billion ceiling applications available [9]. - The company's revenue streams are expected to include product sales, licensing, royalties, subscriptions, and monitoring services [9].
Kiwi Information Technology Co. Ltd. debuts Philips Home Access Solutions at Big 5 Construct Saudi 2026, deepening channel partnerships across Saudi Arabia
Globenewswire· 2026-01-22 13:29
Core Insights - Kiwi Information Technology Co. Ltd. showcased Philips Home Access solutions at Big 5 Construct Saudi 2026, emphasizing its expansion in intelligent access solutions within Saudi Arabia's retail and commercial sectors [2][3] Company Developments - Kiwi highlighted a dedicated portfolio of Philips smart locks designed for Saudi Arabia's environmental conditions, including high temperatures and dust exposure [4] - A Memorandum of Understanding (MOU) was signed with Al Ghomlas Trading Company to deploy Philips Home Access solutions across residential and commercial sectors [6][7] - Kiwi has expanded its channel presence in Saudi Arabia, entering leading offline retail chains such as SACO and EXTRA, enhancing product visibility and consumer engagement [8][9] Product Offerings - The showcased Philips smart lock portfolio includes: - DDL801 Series: Designed for dusty environments with IP-rated protection and fast biometric access [11] - DDL505 Series: Suitable for outdoor use, engineered for high temperatures and compatible with solar panels [11] - DDL611 Series: Features an ultra-slim profile and dual-sided fingerprint verification [11] - DDL902MFVP Series: Flagship models with advanced biometric recognition and triple-camera systems [11] Market Strategy - Kiwi is expanding online exposure for Philips Home Access solutions through e-commerce platforms like Noon, complementing its offline strategy [12] - The company aims to build a sustainable local smart access ecosystem supported by a professional installation network and after-sales service [13] - Since entering the Saudi market, Kiwi has focused on localization strategies, channel development, and project collaboration to support the growth of smart home and building sectors [14]
SKYX Announces Launch at U.S Leading Retailer Lowes of its Ceiling Plug & Play SKYFAN & TURBO HEATER
Globenewswire· 2026-01-21 14:00
Core Insights - SKYX Platforms Corp. anticipates significant growth in its business with Lowes during 2026, driven by strong demand for its innovative products [1][6] - The company is launching a patented all-in-one ceiling plug & play SKYFAN and Turbo Heater, which is expected to generate substantial revenue during the winter and throughout fiscal year 2026 [1][2] Product Overview - The SKYFAN and Turbo Heater combines a ceiling fan with a built-in turbo heater, providing a safer and more efficient alternative to traditional space heaters, addressing a multi-billion-dollar market with tens of millions of units sold annually in North America [2][3] - The product will be available in six colors to cater to both residential and commercial markets, with production already underway [3] Market Potential - The ceiling fan and space heater categories represent a multi-billion-dollar annual market, with significant sales opportunities year-round [2] - SKYX estimates its total addressable market in the U.S. at approximately $500 billion, with over 4.2 billion ceiling applications available [11] Business Strategy - The company follows a "razor-and-blades" model, focusing on recurring revenue opportunities through product interchangeability, upgrades, and AI-enabled services [10] - SKYX aims to expand its presence across additional leading retailers and big-box chains, emphasizing innovation, safety, and scalable solutions [6]