Contracts & Customers
SKYX and Deako Extend Stone Martin Deal, Expect 70,000 Units Through 2027
By News Desk ·
Key takeaways
- SKYX and its subsidiary Deako expect to supply approximately 70,000 smart-home units to Stone Martin communities in Georgia and Alabama through 2027.
- The exclusive Stone Martin agreement now runs through 2029, beyond the expected supply program through 2027.
- Stone Martin is the third builder program announced since the SKYX-Deako merger closed on October 13, 2026, with about 210,000 units expected across more than 2,550 homes.
SKYX Platforms and its wholly owned subsidiary Deako expect to supply approximately 70,000 units of their advanced and smart home technologies to Stone Martin communities for more than 850 homes in Georgia and Alabama through 2027, Stock Titan reported on November 10, 2026. The company also extended its exclusive agreement with the developer through 2029.
Stone Martin Deal Covers 850 Homes
SKYX Platforms is a smart home technology company that sells patented plug-and-play ceiling receptacle and canopy products plus an AI-powered smart home hub, serving hospitality operators, residential developers, retail consumers and lighting OEMs. Deako is its wholly owned subsidiary.
Stone Martin Builders is a Southeast homebuilder that has been developing communities across Alabama and Georgia for over 20 years. The company said every Stone Martin home pairs its lifestyle amenities with Deako smart home and lighting, a full smart home package, energy-efficient spray foam insulation and personalized design selections, backed by a 10-year structural warranty.
Derek Richardson, founder and CEO of Deako, said: "We are proud to grow our partnership with Stone Martin. They lead by making upgraded smart home technology standard in every home, which reflects how thoughtfully they build for their homebuyers."
Rani Kohen, founder and executive chairman of SKYX Platforms, said: "In the four weeks since we closed our merger with Deako, we have announced three builder programs covering more than 2,550 homes, demonstrating our value proposition for the builder segment."
SKYX Revenue and Funding Records
According to akta.pro company records, SKYX reported revenue of $92 million in FY2025, up from $86.3 million in 2024 and $58.8 million in 2023, with nine consecutive quarters of year-over-year growth as of Q1 2026. The records list total funding of $68.4 million, including a $25 million post-IPO equity round in January 2026.
Earlier SKYX Builder Programs
SKYX and Deako announced on October 26, 2026 that they expect to supply about 60,000 smart home units to over 700 homes for Oklahoma and Texas builder Home Creations within 12 months, according to GlobeNewswire. On October 21, 2026, TradingView reported that SKYX had completed the Deako merger the week before its conference and projected a pipeline of about 4 million units.
Stone Martin Agreement Runs to 2029
The exclusive Stone Martin agreement now extends through 2029, beyond the expected supply program running through 2027, the company said.