SKYX Platforms Corp. (NASDAQ: SKYX), a company specializing in smart home platform technologies, has announced a strategic partnership with prominent European real estate and hotel developer Jean-François Ott, founder of Group OTT. Under the agreement, SKYX's technologies will be deployed as a brand standard across Group OTT's new and existing hotels and buildings throughout Europe.
Over the past 35 years, Group OTT has developed more than 250 hospitality, residential, and commercial projects valued at over $4 billion. The partnership is expected to significantly reduce time and cost during renovations and new builds, with SKYX estimating up to 90% savings. The integration will also provide advanced safety features and smart capabilities to the properties.
Jean-François Ott expressed enthusiasm about the collaboration, stating, 'I am very excited to partner with SKYX and bring their advanced and smart technologies into my companies’ existing and upcoming hotels and buildings across Europe. Throughout all these projects, our goal has always been to deploy leading and highly disruptive technologies. By integrating SKYX’s technologies into these properties, we will cut significant time and cost while advancing the lifestyle and safety standards of our hotels and buildings.'
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, noted, 'We are very excited to be in this strategic partnership with an established and prominent European hotel and real estate developer such as Jean-François Ott and Group OTT. We look forward to collaborating with him and all his companies on their European and global existing and upcoming projects to enhance the value of their properties while creating advanced, smart, and safer hotels and buildings of the future.'
SKYX's technology centers on a patented 'smart ceiling' system that replaces fixed electrical wiring with an integrated ceiling receptacle. This allows for simplified installation, reduced labor and material costs, easier maintenance, and native integration of smart features. The company holds over 100 U.S. and global patents and patent pending applications, and also operates 60 lighting and home décor websites.
This partnership marks a significant step for SKYX in expanding its footprint in the European market. The company is currently in discussions with additional hotel groups and owners regarding the utilization of its technologies. For more information about Jean-François Ott and Group OTT, visit https://www.groupott.com/. For more information about SKYX, visit https://www.skyx.com/.
