DGAP-News

Lomiko Technologies to Launch Smart Home Devices Ltd to Manufacture, Distribute and Sell Spider Charger-based Devices

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous
Lomiko Technologies to Launch Smart Home Devices Ltd to Manufacture,
Distribute and Sell Spider Charger-based Devices

16.02.2016 / 18:38
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia--(Newsfile Corp. - February 16, 2016) - LOMIKO
METALS INC. (TSXV: LMR) (OTC: LMRMF) (FSE: DH8B) (the 'Company') announces
that is has signed a Letter of Intent with engineering partner MegaHertz
Power Systems, Ltd., private company, to launch a new company focused on
'Internet of Things' (IOT) devices. SHD Smart Home Devices Ltd. will
develop, contract manufacture, distribute and sell Spider Chargers and
related devices.

'With the launch of Smart Home Devices Ltd., Lomiko has an opportunity to
garner a profitable sales channel for the Spider Charger.', stated A. Paul
Gill, CEO., 'Major companies such as Leviton, Legrand, Pass & Seymour and
others have recognized this new market and have launched similar devices.'

[image: http://orders.newsfilecorp.com/files/1944/19264_regular.jpg]

Spider Charger Installed

To view an enhanced version of Spider Charger Installed, please visit:
http://orders.newsfilecorp.com/files/1944/19264_enhanced.jpg

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.

[image: http://orders.newsfilecorp.com/files/1944/19264_regular%202.jpg]

Side View of Spider Charger Showing USB Ports

To view an enhanced version of Side View of Spider Charger Showing USB
Ports, please visit:
http://orders.newsfilecorp.com/files/1944/19264_enhanced%202.jpg

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. Lomiko
will contribute the trademark and jointly developed Spider Charger and
become a shareholder of Smart Home. In addition, Smart Home Ltd. plans to
enter into negotiations to sell the Spider Charger and other related
devices in North American markets with IOT distributors and builders.

Lomiko Technologies will no longer be the exclusive licensee in North
America but will retain its North America license for the Spider Charger,
the OEM 120VAC 60W LED Driver and the 90+ 60W LED Driver. Further, it will
have the opportunity to license new products from Smart Home Devices Ltd.
that are developed.

Lomiko Metals Inc. will receive 778,890 shares of SHD Smart Home Devices
Ltd. (11.478%) for 16,129,743 shares of Lomiko Metals common stock. In view
of the transaction, Lomiko has cancelled the Kickstarter Campaign started
in December, 2015 and will re-launch with new rewards and perks.

The transaction is subject to the approval of the TSX Venture Exchange.

For more information, review the website at www.lomiko.com, contact A. Paul
Gill at 604-729-5312 or email: [e-mail]

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.


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/19264

News Source: Newsfile


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16.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Lomiko Metals Inc.


Canada
ISIN: CA54163Q1028


End of News DGAP News Service
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437867 16.02.2016