SKYX Platforms Corp. will deploy its advanced smart technologies during the comprehensive renovation of The Mozart Prague, an iconic 5-star hotel located in the Czech Republic. The deployment aims to reduce renovation time and costs by up to 90%, offering significant efficiency gains for the hospitality sector. The hotel is owned by France-based Group OTT and managed by global hospitality leader Accor.

The renovation encompasses guestrooms, suites, restaurants, bars, public areas, meeting facilities, wellness amenities, and other key spaces. SKYX is expected to supply its advanced smart plug & play technologies, including ceiling lighting, ceiling fans, recessed lights, down lights, EXIT signs, emergency lights, and indoor and outdoor wall lights.

Strategic Partnership

Jean-François Ott, Founder of Group OTT, expressed enthusiasm for integrating SKYX's technologies into the Mozart Prague Hotel renovation. He emphasized that the integration would cut significant time and costs while advancing lifestyle and safety standards. Group OTT has developed over 250 buildings throughout Europe, with projects valued at over $4 billion.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, highlighted the value proposition for hotels. He stated that the time and cost-saving aspects of SKYX's technologies are expected to drive growth in the builder and hotel segments across the U.S. and Europe.

Technology and Revenue Potential

SKYX's expansion into The Mozart Prague provides additional opportunities for future recurring revenues. These opportunities include interchangeability, upgrades, AI services, monitoring, and subscriptions. The company holds over 100 U.S. and global pending and issued patents and owns a portfolio of 60 lighting and home décor websites.

SKYX is continuing discussions with additional hotel groups and owners regarding the utilization of its technologies for hotels and buildings. The company's mission is to make homes and buildings safe, advanced, and smart as a new standard.