Lomiko Technologies and Shd Smart Home Devices Ltd Receive Approval of the Spider Chargerr Trademark from the Canadian Intellectual Property Office
#439 - 7184 120th Street, Surrey, B.C. V3W 0M6
LOMIKO TECHNOLOGIES AND SHD SMART HOME DEVICES LTD RECEIVE APPROVAL OF
THE SPIDER CHARGERR TRADEMARK FROM THE CANADIAN INTELLECTUAL PROPERTY
OFFICE
Vancouver, B.C September 12, 2017 Lomiko Metals Inc. (“L omiko”) (TSX-V: LMR, OTC:
LMRMF, FSE: DH8C ) Lomiko M etals Inc. 100% owned subsidiary Lomiko Technologies has
received approval for the SPIDER CHARGERR Trademark. The SPIDER CHARGER R 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 a n Internet of Things (IoT)
company launched February 16, 2016 and i s 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.
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 b e 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.
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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: [email protected].
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.