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SKYX Signs Merger with Leading U.S. AI Smart Home Silicon Valley Backed Company Deako , Aiming to Lead the Smart Home , Builder & Hotel Markets with Their Combined Platform Technologies In the Past 5 Years Deako Has Shipped Over 32 million Units of Its Technologies Including Its Smart Home Plug - In Wall Switches , with Over $ 26M in Revenues in 2025 Deako is a Leading Technology Supplier to Over 50 U.S. Builders Including D.R. Horton , Toll Brothers , Risewell Homes , Adams Homes , Maronda Homes , Shea Homes , Schumacher Homes , Among Others , and is Expected to Fast Track SKYX's Technologies to the Vast Builder Market Deako's Lead Investor and Board Member , Include Paul Jacobs , former Chairman and CEO of Qualcomm , and Board Member Marwan Fawaz , former CEO of Nest SKYX and Deako Management will Hold a Conference Call Today , September 10 , 2026 , at 8:30 a.m. Eastern Time , to Discuss Merger Aspects . See below for dial - in information . MIAMI , Sept. 10 , 2026 ( GLOBE NEWSWIRE ) -- SKYX Platforms Corp. ( NASDAQ : SKYX ) ( d / b / a SKYX Technologies ) ( the " Company " or " SKYX " ) , an award winning highly disruptive advanced safe - smart home and Al platform technology company with over 100 U.S. and global pending and issued patents and a portfolio of 60 lighting and home décor websites , with a mission to make homes and buildings become advanced , safe and smart instantly as the new standard , today announced it has signed a merger agreement with U.S. Al smart home Silicon Valley backed company Deako Inc. , aiming to lead the Al smart home , builder and hotel markets with their combined plug and play smart home and Al platform technologies . Merger Agreement Highlights and Economics • Deako Inc. is a smart home Al platform and intelligent lighting company with 20 U.S. and global patents and patent pending applications for plug & play advanced , smart home and Al activated lighting wall switches . • The merger agreement between SKYX and Deako will enable SKYX to address from A - to - Z the smart electronic real estate of electrical outlet boxes in homes and buildings including wall outlets , wall switches and ceiling outlet boxes for smart home and safety products , lighting , ceiling fans , smoke detectors , among others , all with advanced and smart home plug & play solutions . • Most smart home solutions today require time - consuming and costly wired installation and address only part of the A - to - Z opportunity , while the SKYX Deako merger is aiming to facilitate an entire A - to - Z solution , all plug & play for advanced , smart home Al platforms and products . • Based on SKYX technology's safety aspects , during the past years its safe instant plug & play ceiling outlet receptacle system has received vote approvals from U.S. leading building safety standardization organizations including 10 segments in the NFPA - NEC code book ( National Fire Protection Association / National Electrical Code ) and its technology's specifications received an approval vote by ANSI / NEMA as a standard . • In the past 5 years Deako has shipped over 32 million units of its technologies including its smart home plug - in wall switches , with over $ 26 million in revenue in 2025 . Deako is a leading technology supplier to the builder market with over 50 U.S. builders , including D.R. Horton , Toll Brothers , Risewell Homes , Adams Homes , Maronda Homes , Shea Homes , Schumacher Homes , among others . • The merger is expected to fast track SKYX's technologies and products into Deako's vast builder market footprint of over 50 U.S. builders , including those named above . Additionally , the merger will open the door for Deako's products into SKYX projects including Marriott and European hotels , Miami's $ 4 billion Smart City , among others . • The SKYX Deako merger is expected to increase Deako's SKU count to the builder , hotel and pro markets five- fold .