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SKYX Platforms
SKYX Platforms, founded by Rani Kohen, turns ceiling-fixture installation into a plug-and-play standard — now mandated in North Carolina building code.
SKYX Platforms
SKYX Platforms was founded in 2004 by Rani Kohen, who developed a twist-and-lock ceiling receptacle designed to replace traditional junction-box wiring for light fixtures, ceiling fans, and smart-home devices. The company went public on the Nasdaq in 2022 and subsequently rebranded from SQL Technologies to SKYX Platforms, reflecting its ambition to move beyond hardware into a broader standards-setting and licensing model. SKYX's business spans three revenue streams: direct sales of its All-in-One Smart Home Platform units through retail and e-commerce channels, including Home Depot and Amazon; licensing agreements with lighting and ceiling-fan manufacturers that embed the SKYX receptacle into their products; and royalty collection tied to the number of certified installations. The company reports a growing library of patents — over 60 issued in the U.S. and internationally — covering both the mechanical receptacle and a smart-home variant that integrates WiFi and Bluetooth mesh capabilities. Geographic reach is concentrated in the U.S. market, with distribution partnerships extending into Canada. SKYX reports that it has sold or placed more than 10 million units since launch. In May 2024, the company announced that its technology was formally adopted into the 2024 North Carolina Building Code, making it the first U.S. state to mandate a specific plug-and-play ceiling standard in its electrical wiring regulations — a decision that SKYX frames as a critical precedent for other state-level adoptions. Adjacent vehicles or separate philanthropic structures are not publicly disclosed. SKYX's structural differentiator lies in its regulatory-governance strategy rather than traditional fund deployment. Unlike most building-products companies, SKYX does not simply sell into existing code; it actively pursues mandatory code adoption at the city and state level, creating a legally enforced demand floor for its patented interface. This transforms a consumer-hardware business into a standards-licensing entity with a regulatory moat — a model more common in telecom or medical devices than in residential electrical components.
General information
Firm type
Asset Manager
Year founded
2004
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Pompano Beach
Corporate office
Pompano Beach, FL, United States
Principals
Rani Kohen
Executive Chairman
Sector focus
Frequently asked questions
What does SKYX Platforms actually sell?
SKYX sells a twist-and-lock ceiling receptacle that replaces traditional hardwired junction boxes for lights, fans, and smart devices. The company also licenses its design to lighting manufacturers and earns royalties on installations performed by certified electricians.
Is SKYX a manufacturing company or a licensing business?
It is a hybrid. SKYX generates revenue from selling its own branded hardware units directly to consumers and trade professionals, but it also pursues licensing agreements with third-party fixture manufacturers and collects royalties, making the licensing component a growing share of its strategy.
Why did North Carolina's building code matter for SKYX?
In May 2024, North Carolina became the first U.S. state to adopt a mandatory building-code provision requiring a plug-and-play ceiling standard that aligns with SKYX's patented design. The decision legally mandates the use of compatible hardware in certain new residential construction, creating a regulatory precedent SKYX hopes other states will follow (per the firm, May 2024).
Who runs the company and what is its corporate history?
Rani Kohen founded the company in 2004 and serves as Executive Chairman. It originally operated as SQL Technologies before rebranding to SKYX Platforms and listing on the Nasdaq in 2022, signaling a shift from a product-centric identity to a broader platform and standards strategy.
Does SKYX have any competitors with similar building-code strategies?
The electrical-components industry includes large incumbents like Leviton and Hubbell that sell traditional junction boxes and wiring devices, but SKYX's explicit focus on code-mandated proprietary standards is unusual. Most competitors compete on specification-approval with electricians and contractors rather than pursuing mandatory state-level code requirements.
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