SKYX Platforms Corp. (NASDAQ: SKYX), a provider of advanced and smart home platform technologies, announced a strategic partnership agreement with Jean-François Ott, founder of Group OTT, a prominent European hotel and real estate developer. Under the agreement, SKYX's technologies will be deployed as a brand standard across Group OTT's existing and future hotels and buildings in Europe. Over the past 35 years, Group OTT has developed more than 250 hospitality, residential, and commercial properties valued at over $4 billion.
The partnership is expected to significantly reduce time and costs associated with renovations and new builds. According to SKYX, its technologies can cut up to 90% of installation time and cost by replacing traditional fixed electrical wiring with modular ceiling receptacle systems. This innovation simplifies installation, enhances safety, and enables native integration of smart features, including lighting and IoT devices.
Jean-François Ott, founder of Group OTT, expressed enthusiasm about the collaboration. "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, highlighted the strategic importance of the partnership. "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 patented "smart ceiling" technology is designed to transform traditional electrical installations into modular, safe, and intelligent systems. This structural innovation introduces a paradigm shift in building infrastructure, comparable to the historical emergence of standardized wall outlets. The technology is expected to provide Group OTT with a competitive edge in the European real estate market.
The agreement comes as SKYX is in discussions with additional hotel groups and owners regarding the utilization of its smart 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/.
