SQL Technologies (d/b/a Sky Technologies), which provides universal power-plug devices for light fixtures and ceiling fans, filed on Wednesday with the SEC to raise up to $23 million in an initial public offering.
Sky Technologies states that it has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 US and global patents and patent pending applications. Its first-generation technologies enable safe and quick installation of light fixtures, ceiling fans, and other electrically wired products through the use of universal power-plug devices. The company also offers devices with advanced smart capabilities including scheduling, energy savings eco mode, dimming, back-up emergency light, night light, and light color changing that can be controlled by voice control and its SkyHome app.
The Johns Creek, GA-based company was founded in 2004 and plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: SKYT.RC). The Benchmark Company is the sole bookrunner on the deal. No pricing terms were disclosed.
