Vancouver, British Columbia--(Newsfile Corp. - September 22, 2017) - Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) ("Lomiko") Lomiko Metals Inc. investment SHD Smart Home Devices Ltd. will be raising $ 5 Million by issuing shares at $ 1.50. Financing details are available by registering at http://www.theocmx.com/project/shd/ where any potential investor may register and review details. The resulting company will have 10 million shares issued and will be ready to manufacture and distribute products North America wide.
SHD Smart Home Devices Ltd. is an Internet of Things Company is focused on developing smart home automation and security devices for homes, offices, industrial buildings and hotels. SHD technology focuses on power savings, connectivity and security. SHD is focused on ramping up sales of the Spider Charger®, a 6 USB portal, in-wall, décor friendly IoT Hub. SHD is focused on the home building market with it's current marketing strategy. Further details are available at www.shddevices.com
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.
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.
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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