SKYX Platforms Supplies 10,000 Smart Devices for 278-Unit Austin Apartment Project
SKYX Platforms Supplies 10,000 Smart Devices for 278-Unit Austin Apartment Project

SKYX Platforms Supplies 10,000 Smart Devices for 278-Unit Austin Apartment Project

News summary

SKYX Platforms Corp. has been selected to supply over 10,000 units of its advanced smart plug-and-play technologies for a new 278-apartment development in the Austin Manor area of Texas, led by prominent developers Landmark Companies. The project will include a variety of amenities such as swimming pools, a state-of-the-art gym, conference facilities, and landscaped green spaces. SKYX's products to be installed encompass ceiling lighting, recessed lights, downlights, wall lights, EXIT and EMERGENCY lights, as well as plug-in LED backlight mirrors. Landmark Companies bring 27 years of experience and have thousands of units under development in Texas, Florida, and Colorado, with expectations to collaborate on further upcoming projects with SKYX. SKYX operates in the industrial products sector, focusing on innovative technologies aimed at making homes and buildings safer and smarter, although it faces financial challenges such as a negative operating margin and high debt-to-equity ratio. This contract marks continued market penetration efforts by SKYX in the U.S. and Canada and reflects their commitment to integrating smart technology in modern residential developments.

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