Vancouver, British Columbia--(Newsfile Corp. - September 27, 2017) - Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) ("Lomiko") Lomiko Metals Inc. and its 100% owned subsidiary Lomiko Technologies are pleased to announce SHD Smart Home Devices has entered into discussions with US based Automated Building Devices (ABD) for the sale and distribution of spider charger units to homebuilders across western USA.
"With a partner like ABD, SHD will have a distribution channel to some of the largest home builders in California and Nevada. Working with ABD would be a strategic move by SHD to leverage an existing network and rapidly penetrate the market.", stated Sat Samra, CEO SHD Smart Home Devices.
The initial discussions are centered around the Spider Charger®. This revolutionary device allows for 6 USB ports and 2 regular AC wall receptacles to provide both AC and DC power from a single wall outlet. To view an enhanced version of Side View of Spider Charger Showing USB Ports, please visit:
"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. 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 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.
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