Financial Wire

SKYX Platforms Collaborates With Group OTT in Europe

-- SKYX Platforms (SKYX) said Tuesday it is collaborating with Group OTT founder Jean-Francois Ott to deploy its smart electrical systems across Group OTT's properties in Europe.

Installation of SKYX's technologies in current and future hospitality assets is projected to cut construction time and renovation costs by up to 90%, the company said.

The company said it is also negotiating with additional property owners for the use of its smart technologies in other commercial buildings.

Shares of the company were up 5.7% in Tuesday trading.

Price: $1.21, Change: $+0.07, Percent Change: +5.70%

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SKYX Platforms Collaborates With Group OTT in Europe | Financial Wire