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Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) 100% owned subsidiary Lomiko Technologies has received approval for the SPIDER CHARGERR Trademark. The SPIDER CHARGERR is the first in a series of new devices to be manufactured through SHD Smart Home Devices Ltd., a Joint Venture between Lomiko Metals and MegaHertz Power Systems. SHD Smart Home Devices Ltd. is an Internet of Things (IoT) …
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) 100% owned subsidiary Lomiko Technologies has received approval for the SPIDER CHARGERR Trademark. The SPIDER CHARGERR is the first in a series of new devices to be manufactured through SHD Smart Home Devices Ltd., a Joint Venture between Lomiko Metals and MegaHertz Power Systems.
SHD Smart Home Devices Ltd. is an Internet of Things (IoT) company launched February 16, 2016 and is focused on developing intelligent home automation and security devices for homes, offices, industrial buildings and hotels. SHD was formed to commercialize intellectual property that has been jointly under development at the MHPS innovation lab over the past couple of years. SHD technology focuses on power savings, connectivity and security.
Spider Charger – Installed View
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Allied Market Research indicates that the IoT market will reach $1Trillion USD by 2023 with the smart home and building automation market surpassing $35B by 2020 with a CAGR of 29%. This represents an enormous opportunity for both Lomiko and SHD.
“SHD has an incredible opportunity to participate in a burgeoning IoT and Smart Device market.”, stated A. Paul Gill, Lomiko CEO., “Major companies such as Leviton, Legrand, Pass and Seymour and others have recognized this new market and have launched similar devices.”
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. SHD plans to enter into negotiations to sell the Spider Charger and other related devices in North American markets with IOT distributors and builders. Lomiko will share its network of industry connections to help grow the venture and then enjoy the SHD equity multiplier without being burdened with any engineering, new product development, IP or associated marketing costs as the Spider charger and SHD suite of IoT products are rolled out.
Spider Charger with cover off showing patent-pending 6 USB ports
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For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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