GlobeNewsWire
20 May 2026, 12:45 UTC · 1d ago
Source · https://www.globenewswire.com/news-release/2026/05/20/3298500/0/en/SKYX-Signs-a-Licensing-Agreement-for-Its-Advanced-Technologies-with-U-S-Canada-and-Global-Leading-Lighting-Company-Eurofase.html
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SKYX Platforms Corp. signed a licensing agreement with Eurofase, a lighting company with global distribution in the U.S., Canada, Europe, and Asia. — Securing a partnership with a global distributor provides a scalable go-to-market channel and validates the commercial viability of the technology.
+0.60The partnership targets B2B segments including builders, hotels, and residential/commercial construction, where SKYX claims to reduce installation time and cost by up to 90%. — High efficiency gains in construction and renovation are strong selling points that could drive rapid adoption in high-volume commercial segments.
+0.40The agreement opens avenues for future recurring revenue streams via AI services, monitoring, subscriptions, and upgrades. — Transitioning from one-time hardware sales to a recurring revenue model generally increases company valuation and long-term financial stability.
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The company signed a licensing agreement with a global leader to expand its go-to-market channels and potential recurring revenues.
