SQL Technologies Corp. (SKYX:NASDAQ) founder, innovator, and chairman, Rani Kohen never intended to run a publicly-traded company.
As a long-term player in the real-estate business, all Rani wanted to do was devise a safer, faster, more efficient way to install light fixtures and ceiling fans on his properties.
The problem is that the average ceiling fan installation can take anywhere from 35 to 60 minutes, depending on your level of experience.
SKYX designed an open platform system where the installation takes roughly 30 seconds for all fixture types. That equates to a 6,000% percent reduction in time to install.
I view this as a long-term hold that I will buy and hold for years to come.
What was most important to the company was making a safer product that would reduce the potential for injury or death. Over the years, there have been hundreds of thousands of light fixture and ceiling fan installation-related injuries—everything from falling off of a ladder, electrocution, or improper wiring that led to a fire.
The Safe-Smart Solution
With the team's innovation, SkyPlug was launched by SQL (now dba Sky Technologies Inc.) and is poised to change and improve the way every ceiling fan and light fixture will be installed in the future.
It’s basically the concept of your everyday electrical outlet, redesigned, and now on your ceiling—but the technology will be used in every home, business, cruise ship, hotel, hospital, and commercial real estate project for decades to come, once National Electric Code (NEC) certification is in hand. With certification from the regulating body of our national electric certification authority, there is a high likelihood that every lighting manufacturer, builder, architect, and engineer will use or specify the SkyPlug in every new project designed and built.
The Sky team has been through nine rounds with the NEC, and nine changes have been made to the NEC code to redefine it to reflect SkyPlug's design capabilities. The product redefines the NEC code, and the team is hopeful that the tenth time is a charm.
Sky succeeded in designing the product, but having a good design does not guarantee instant success.
So they used a multi-pronged approach to get there.
Three Steps to Success
One, Sky knew that the last product to be certified by the NEC was the ground fault interrupter (GFI) breaker in the 1980s. As you probably know, all structures have GFI breakers in the kitchen, garage, bathroom—basically anywhere where there is electricity and water (and the risk of electrocution).
The GFI breaker is not a choice. It is the required standard.
This makes it a shoo-in for guaranteed adoption.
Let's not stop there.
Second, SKYX studied what some of the most successful innovators have done throughout history, making their path to success almost inevitable. SKYX uses the example of the airbag system in the automobile.
The inventor of the airbag system did not hustle his design to each automotive manufacturer. He went to the insurance companies and the regulators for the auto industry with mountains of data proving his design reduced injury in the event of a collision or even loss of life. Which ultimately meant less cost for insurers as well. In the race to revolutionize an industry, some companies fail simply because there are more prominent and better-financed competitors.
Third, SKYX was smart enough to recognize that a good design does not make for instant success.
They partnered with a company that knows a thing or two about licensing and manufacturing. . .
A little company called GE.
Significantly Undervalued Stock
Sky Technologies has attracted a talent pool of executives, advisors, board of directors, designers, and innovators that should impress anyone regardless of their personal views or standards.
When you learn all of the potential applications of Skyplug and why it makes so much sense to be part of this solution, you will understand why I believe the stock is significantly undervalued at its current price level. As an investor with a long-term view, I see $SKYX as an opportunity to get in early on the ground floor of a company that will revolutionize not one but potentially multiple industries.
Sky Technologies has a clean cap structure and doesn't have a ballooned share count with death spiral financing.
Technically, after the recent IPO, there is not a lot of historical data to analyze. In a very volatile nervous market, the share price is in consolidation mode and holding up better than most stocks in this environment. There is substantial insider participation and a wide mote of protection because the NEC safety certification almost de-risks the investment.
Update at press time: With the time it took me to edit the interview and this article, the stock price broke technical support. That created a flush in the stock on a relatively light volume of around 270k thousand shares. SKYX has nearly one hundred million outstanding (fully diluted), 270 thousand shares traded does not seem like a high level of conviction during this recent sell-off. I took advantage of what I viewed as a tremendous opportunity to start building a position during last week's unsubstantiated sharp decline in the SKYX share price.
I highly recommend watching this video and deciding if Sky Technologies is indeed another "Hidden Gem!" I believe that, as Rani eloquently put it during our interview, the sky is truly the limit.
After you see Rani's passion and understand how much opportunity lies ahead for Rani and Sky Technologies Inc., put $SKYX on your watchlist. Maybe dip your toe in with a starter position, and—as Sky executes its strategy—consider adding to that starter position.
As I said earlier, I view this as a long-term hold that I will buy and hold for years to come, opportunistically adding to my holding at various levels as I deem worthy.
Tim Weintraut is the CEO of Alpha Wolf Trading, whose mission is to help new and struggling day traders, swing traders, and long-term investors achieve sustainable success.
Tim started Alpha Wolf Trading to provide an extremely affordable service for anyone looking to take a balanced approach to the markets. He has been running Alpha Wolf for the last eight years and providing educational content through Blog | Alpha Wolf Trading and his Youtube channel, https://www.youtube.com/c/AlphaWolfTrading.
For additional information, visit www.alphawolftrading.com.
Sign up for our FREE newsletter
Disclosures
1) Tim Weintraut: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: SQL Technologies Corp. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. Additional Vegastrader66 (Tim Weintraut), Alpha Wolf Trading, and Alpha Wolf Capital LLC disclosures are below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Alpha Wolf Capital LLC. Disclosures
I am not an investment advisor. All information provided here Is purely for education, entertainment, and sharing opinions about stocks and market trends/ conditions by Vegastrader66 (Tim Weintraut), Alpha Wolf Trading, and Alpha Wolf Capital. Under no circumstance should ANY content or materials on the Alpha Wolf Trading Website, related social media streams, LinkedIn, Twitter, YouTube, Stock Twits, Podcasts, or any future platforms or email correspondence be deemed, used, or interpreted as a recommendation to any party (investor, traders' analyst, member of Alpha Wolf Trading) endorsement, offer or solicitation of an offer to buy sell or issue any interest, securities or instruments of any issuer. I present what I may view as an opportunity at a particular time. That view may change due to factors that are unknown at the time I express my ideas. ANY INVESTMENT DECISIONS MUST, IN ALL CASES, BE MADE ENTIRELY BY THE VIEWER, READER, LISTENER OR MEMBER, OR THEIR INVESTMENT ADVISOR.
2022-2025 Alpha Wolf Capital LLC., Alpha Wolfs Den, Alpha Wolf Trading, Vegastrader66 (Tim Weintraut)
The material presented by the parties mentioned above is NOT a paid-for promotion. To the best of my knowledge, no compensation has or was, or will ever be paid with the express intent to promote the companies presented in print, video, or audio.
No part of this Alpha Wolf Material may be copied, distributed, or referred to in any publication without the express written permission of Alpha Wolf Trading/Alpha Wolf Capital LLC.
The information provided is for educational, informational, and entertainment purposes only and is subject to change without notice. All statements made regarding companies or securities is strictly opinion, beliefs, and points of view held by Alpha Wolf Trading/ Alpha Wolf's Den and Vegastrader66 (Tim Weintraut). These are not endorsements by any of the parties mentioned above of any company or security recommendations to buy, sell, or hold any security. Historical results are not indications of future results.
Certain statements contained in this presentation may be forward-looking statements of future expectations based on AWT's current views and assumptions. It involves known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. The matters discussed in this presentation may also involve risks and uncertainties described from time to time in AWT's membership service.
Alpha Wolf Trading assumes no obligation to update any forward-looking information in this presentation. Certain information stated or presented may be obtained from sources that Alpha Wolf Trading believes reliable. However, Alpha Wolf Trading, Vegastrader66, and all other parties mentioned above do not guarantee the accuracy or completeness of any information obtained from any third party.
Alpha Wolf Trading, Vegastrader66, Alpha Wolf Trading members, Vegastreader66 (Tim Weintraut), and related persons may have a financial interest in securities or issuers presented.
