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SQL Technologies (SKYX) Appoints Lenny Sokolow as Co-CEO

September 13, 2023 8:34 AM

SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a "Sky Technologies"), a highly disruptive smart platform technology company with 72 issued and pending patents in the U.S. and globally and over 60 websites for lighting and home d�cor with a mission to make homes and buildings become safe and smart as the new standard, announced today that Leonard (Lenny) Sokolow has joined the SKYX as its Co-Chief Executive Officer. Mr. Sokolow will continue to serve on SKYX's Board of Directors, which he joined in 2015.

Prior to joining SKYX, Mr. Sokolow was the CEO of Newbridge Securities Corporation and Newbridge Financial Services Group, Inc. with approximately $3 Billion in client assets. During his time at Newbridge, he was leading its full-service broker/dealer, wealth management, as well as its investment banking operations. Previously he served as President and Vice Chairman of National Holdings Corporation (National Securities), a broad-based financial services company. Mr. Sokolow serves on the board of three additional Nasdaq-listed companies.

Leonard Sokolow said: "I can't emphasize enough how excited I am to join SKYX and introduce its growth opportunity to the financial institution segments during its inflection point. I strongly believe that SKYX's recent filling of its mandatory safety standardization application with the National Electrical Code (NEC) for its outlet receptacle platform for ceilings in homes and buildings, as well as its acquisition of 60 lighting and home decor websites, positions SKYX to revolutionize the lighting and smart home industries.

"As evidence, I agreed for the majority of my compensation to be paid in SKYX's stock and stock options. I look forward to joining Rani and to continue working together with John Campi, and the exceptional SKYX management team which includes several true leaders from a variety of industries."

John Campi, Chief Executive Officer of SKYX Platforms, said: I am extremely excited to have Lenny join SKYX and me as Co-CEO, as he is a widely respected authority in the public financial markets. He brings more than three decades of highly sophisticated institutional, managerial, investment banking, legal, regulatory, and public markets experience to SKYX."

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: "I am truly excited to have Lenny join SKYX as Co-CEO and work together with John Campi and I. With Lenny's vast experience and long-term relationships in the public financial markets, I am confident that he will significantly increase awareness of our unique growth opportunity in the financial institution segments."

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