SKYX Announces Closing of Merger with Leading AI Smart Home Technology Company Deako, Positioning the Combined Company to Become a Leader in the AI Smart Home Market
Globe Newswire•14/10/2026•09:22 ET
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Key Highlights
- ➤SKYX closed its merger with Deako, issuing 25 million shares as consideration
- ➤Combined pipeline exceeds 4 million units at approximately $50 average selling price
- ➤Deako generated over $26 million revenue in 2025 after shipping over 32 million units
- ➤Merger synergies are expected to reduce annual expenses by over $6 million
- ➤SKYX paid $4 million upfront and issued an $8.5 million secured promissory note
Expert Statements
Rani Kohen, Founder and Executive Chairman of SKYX Platforms
“The close of the SKYX Deako merger is a major step forward in our mission to make advanced, safe, smart homes and buildings the new standard.”
Rani Kohen, Founder and Executive Chairman of SKYX Platforms
“Combining our complementary technologies, extensive patent portfolios, and established market relationships, we believe we are creating the most comprehensive A to Z smart home and AI platform in the industry.”
Rani Kohen, Founder and Executive Chairman of SKYX Platforms
“Importantly, Deako’s track record with 50 prominent U.S. builders provides an opportunity to significantly accelerate SKYX’s builder market penetration, creating a meaningful long-term value for our shareholders.”
Derek Richardson, Founder and CEO of Deako, Inc.
“We are excited for the official closing of the SKYX Deako merger.”
Derek Richardson, Founder and CEO of Deako, Inc.
“In Deako, we bring a consistent business track record with more than 50 U.S. home builders and over 32 million units shipped, and SKYX brings a broad patent technology portfolio of plug & play and smart home and AI platforms, complemented by its growing market penetration into the hotel and builder segments.”
Derek Richardson, Founder and CEO of Deako, Inc.
“Together, we see a significant opportunity to increase revenue per home by as much as five-fold and to create long-term value for SKYX shareholders.”
Combined Companies Have an Estimated Pipeline Exceeding 4 Million Units, with an Expected Average Selling Price of Approximately $50 per Product
Deako is a Leading Technology Supplier to Over 50 U.S. Home Builders Including D.R. Horton and Toll Brothers, Among Others
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