SKYX Platforms Corp. (NASDAQ: SKYX), a leader in smart home platform technology, has recently expanded its global intellectual property portfolio significantly with the issuance of eight new patents in the U.S., India, Japan, U.K., France, Germany, Italy, and Spain. This expansion increases the company's total to over 100 issued and pending patents, with 45 already issued. These patents are crucial for SKYX's AI-enabled plug-and-play smart home ecosystem, which is designed for a wide range of home devices, including lighting, safety sensors, ceiling fans, and heaters.
The company has estimated its total addressable market to be over $500 billion, showcasing the significant potential for its technologies in making homes and buildings safer and smarter. Rani Kohen, Executive Chairman of SKYX, highlighted that these new patents reinforce the company's global leadership in advanced smart and safe home technologies. This development not only solidifies SKYX's position in the smart home technology sector but also opens up new avenues for innovation and market expansion.
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