DGAP-News

Lomiko to Work with SHD Smart Home Devices Ltd to Manufacture, Distribute and Sell Internet of Things (IoT) Based Device USB Spider Charger

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous Lomiko to Work with SHD Smart Home Devices Ltd to Manufacture, Distribute and Sell Internet of Things (IoT) Based Device USB Spider Charger 20.03.2017 / 13:00 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - March 20, 2017) - Lomiko Metals Inc. ('Lomiko') (TSXV: LMR) (OTCQB: LMRMF) (OTC: LMRMD) (FSE: DH8C) (FSE: DH8B) Lomiko Metals Inc. has signed an agreement with engineering partners MegaHertz Power Systems Ltd. and SHD Smart Home Devices Ltd. (SHD) to accelerate the launch of the USB Spider Charger. SHD is a company jointly launched by Lomiko and MegaHertz February 16, 2016, focused on Internet of Things (IoT) devices. SHD will develop, contract manufacture, distribute and sell Spider Chargers and related devices. Under the existing agreements, Lomiko and MegaHertz have been working on completing safety certification for Power Converter for LED lighting systems, the USB Spider Charger devices and coordinating partnerships with manufacturers located in China, India and Canada. 'SHD has an incredible opportunity to participate in a burgeoning IoT and Smart Device market.', stated A. Paul Gill, 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 with IoT distributors to sell the Spider Charger and other related devices in North American markets. 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.