Lomiko to Work with Shd Smart Home Devices Ltd to Manufacture, Distribute and Sell Internet of Things (Iot) Based Device Usb Spider Charger
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LOMIKO TO WORK WITH SHD SMART HOME DEVICES LTD TO MANUFACTURE, DISTRIBUTE
AND SELL INTERNET OF THINGS (IOT) BASED DEVICE USB SPIDER CHARGER
Vancouver, B.C March 20, 2017 Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMD/LMRMF,
FSE: DH8C/DH8B) Lomiko Metals Inc. has signed an ag reement 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 Lomi ko 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 Conver ter for LED lighting systems, the USB Spider Charge r
devices and coordinating partnerships with manufact urers 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 simila r 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 renovati ons, 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 ot her
related devices in North American markets. Lomiko will share its network of industry connectio ns to help
grow the venture and then enjoy the SHD equity mult iplier 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.
Lomiko will contribute to SHD any and all R&D, trad emarks, it’s e-commerce website, contacts and
intellectual property (“Lomiko Assets”) created und er it’s previous license agreements with MegaHertz
Power Systems Ltd. The parties have mutually agreed to transfer the existing license agreements to SHD,
focus the development of IoT products and business under SHD Smart Home Devices, and target the
development of a revenue stream and Initial Public Offering (IPO) for SHD.
Lomiko Metals Inc. already controls 778,890 shares (12.97%) of SHD based on the February 16, 2016
agreement. Now, SHD will recognize the Lomiko Assets at a gross conditional value of $474,633 Cdn and
issue to Lomiko Six Hundred Fifty-Nine Thousand Two Hundred and Thirteen (659,213) new common
shares of SHD, valued at seventy-two cents ($0.72) per share, in lieu of cash payment for the Lomiko
Assets. Further, Lomiko shall either pay to SHD $ 150,000 Cdn or issue to SHD Six Hundred Thousand
(600,000) shares of Lomiko common stock within 60 days from the signing of this agreement to receive an
additional 208,333 shares of SHD common stock at th e price of seventy-two cents ($0.72) per share and
own 19.71% of SHD. Also, SHD shall assume all past , current and future obligations of Lomiko to
MegaHertz under the License Agreements and the Adde ndum thereto, and MegaHertz agrees to accept
the assumption by SHD of any and all such obligatio ns of Lomiko to MegaHertz.
To view an enhanced version of Side View of Spider Charger Showing USB Ports, please visit:
http://orders.newsfilecorp.com/files/1944/19264_enh anced%202.jpg
The agreement is subject to TSX Venture approval.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the poli cies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .