SKYX and GE Magnify Partnership and Reinforce Global Reach with Licensing Agreement to Grow Market Penetration

SKYX Platforms (SKYX) and General Electric Company (GE) have signed a five-year renewal of a Global Licensing Master Service Agreement as SKYX continues to enhance its market penetration and collaborations with U.S. and top companies around the globe. .

GE’s licensing team will continue to provide licensing services that will run through the five-year term that includes automatic one-year renewal provisions. SKYX will receive the main portion of earned revenue and GE will receive a percentage of the earned revenue under license agreements established in connection with a program commercialized by GE’s licensing team.

“The SKYX GE licensing service agreement is a significant step towards enhancing our market penetration through licensing channels as we continue to increase our general market penetration as well as collaborate with U.S. and world-leading strategic companies,” said Rani Kohen, SKYX Founder and Executive Chairman.

As part of the agreement, General Electric Company will provide licensing services, establishing worldwide licensee partners, negotiating agreements, administering contracts, auditing, and assisting with monetization and patent protection. To date, SKYX has 77 pending and issued patents globally.

About SKYX

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.

SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with 77 U.S. and global patents and patent pending applications and over 60 lighting and home décor websites. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

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SKYX and GE Magnify Partnership and Reinforce Global Reach with Licensing Agreement to Grow Market Penetration

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