Sky Technologies (SKYX) recently completed an IPO, a market valuation of $1 billion pre-revenue, and founder and chairman Rani Kohen, a Miami-based inventor and entrepreneur who has created more than 60 global patents, took the stage at the NASDAQ on March 4 to ring the opening bell.

“As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard,” Kohen says. “Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent-pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally.”

Based on the safety aspects of the technology, this invention became a National Electrical Code (NEC), making it the most significant change to the NEC in 40 years.