SKYX Platforms (SKYX) said Thursday it has formed a strategic manufacturing partnership with Profab Electronics, an electronic contract manufacturer, to strengthen the localized supply chain for its products.
Financial details weren't disclosed.
Profab Electronics operates a manufacturing facility in Pompano Beach, Florida, providing services such as new product introduction, production assembly, robotic inventory management, and integrated supply chain solutions, the company said.
SKYX shares were down more than 10% in recent Thursday trading.
Price: 1.05, Change: -0.12, Percent Change: -10.26
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