SKYX Platforms (SKYX) Lytham Partners 2025 Industrials & Basic Materials Investor Summit summary

Key challenges and solutions

• Addressing outdated and unsafe ceiling fixture installation with a patented plug-and-play system.

• Solution reduces installation time to minutes and enhances safety, addressing fire and shock risks.

• Product now included in the National Electrical Code (NEC) with a new definition for ceiling receptacles.

• Safety and ease of use drive adoption, with hundreds of annual deaths linked to improper installations.

• Regulatory progress includes ANSI and NEMA approvals, with multiple pathways to mandatory NEC adoption.

Regulatory and market adoption

• NEC inclusion achieved; one committee vote remains for mandatory status, which would require use in all new homes and renovations.

• Four new avenues identified for achieving mandatory status, increasing likelihood and speed of adoption.

• Industry typically has two years to adopt new mandatory standards, but impact on demand will be immediate.

• Global expansion possible as 20-30 countries follow the U.S. NEC.

• Mandatory status expected to multiply addressable market and accelerate growth.

Go-to-market and sales strategy

• Multi-channel approach: direct-to-consumer via 60+ owned websites, B2B sales to builders, and partnerships with Home Depot and Wayfair.

• Recent hire from Amazon and Ashley Furniture to drive B2B and wholesale growth.

• Targeting commercial real estate, hotels, and developers, with hotel renovations as a key growth area.

• Big box retail and online platforms support both consumer and professional sales.

• By Q1 2025, 20,000 units expected in the U.S. and Canada, with tens of thousands more projected throughout the year.