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Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced that is has completed the acquisition of 778,890 shares of SHD Smart Home Devices Ltd SHD Smart Home Devices Ltd. will develop, contract manufacture, distribute and sell USB Spider Chargers and related devices.
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced that is has completed the acquisition of 778,890 shares of SHD Smart Home Devices Ltd SHD Smart Home Devices Ltd. will develop, contract manufacture, distribute and sell USB Spider Chargers and related devices.
As quoted in the press release:
There are currently 130 million established households in North America and a healthy seasonally adjusted annualized rate of 1.3 million housing starts. In addition, offices, hotels and coffee shops are also potential markets for USB charging devices. If only one or two USB charging devices are installed in new homes and retro-fitted into current homes undergoing renovations, there will be a healthy demand for these IOT products.
Previously, Lomiko Technologies was the exclusive licensee of three devices designed by MegaHertz Power Systems, Ltd. based on an October 27, 2014 news release. Now, MegaHertz Power Systems, Ltd. has amalgamated a number of new concept designs, technology licenses, patent applications, and intellectual property into Smart Home Systems in order to penetrate the smart home market for Internet of Things (IOT) and seek out revenue streams.
In addition, Smart Home Ltd. plans to enter into negotiations to sell the USB Spider Charger and other related devices in North American markets with IOT distributors and builders.
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