Lomiko’S Provides Shd Smart Home Update
#439- 7184 120th Street, Surrey, B.C. V3W 0M6
LOMIKO’S PROVIDES SHD SMART HOME UPDATE
(Vancouver, B.C) July 30, 2018 Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF,
FSE: DH8C) and SHD Smart Home Devices www.shddevices.com have been working diligently to
bring Smart Home products to the market.
"SHD has an incredible opportunity to participate in a burgeoning IoT and Smart Device market. ",
stated A. Paul Gill, CEO of Lomiko Metals and VP of Business Development of SHD Smart Home
Devices, "Major companies such as Leviton, Legrand, Pass and Seymour and others have
recognized this new market and have launched similar devices."
Manufacturing
SHD has received preproduction samples of its Spider Charger™ USB outlets from its Indian
Manufacturer and have finalized a design that is ready for Underwriter Laboratories and Canadian
Standards Association approval. The key advantage of the latest design is its ability to install and
use the product in any home or office in compliance with fire and safety regulations. The new
Spider Charger™ design is more robust with increased power output to support wireless
connections and fast charging. The device is now equivalent to installing a multi port USB power
bar in the wall and operates without obstructing standard electrical outlets. It balances charging
capacity and fire and electrical safety.
Advantages
The Spider Charger ™ is now patent protected and will power or charge a growing list of consumer
USB battery operated products and support multiple wireless charging pads while eliminat ing the
need for bulky power converters currently required when using a power bar or wireless charging
pads. The device is a convenient, décor friendly product designed to enhanced the user experience
with it’s 6 USB charging ports built right into existing AC receptacles. High operating efficiency
reduces power consumption across the power grid without the clutter of multipl e power adapters.
SHD is in the process of obtaining, further agency certification to list the product as Energy Star
compliant in accordance with green energy standards.
Sales
SHD has continued negotiations with US based Automated Building Devices (ABD ) for the sale
and distribution of Spider Charger ™ units to homebuilders across western USA . A definitive
agreement had been delayed due to key personnel illness with one of the partner companies. Once
a definitive agreement is in place, the project and transaction details will be disclosed.
Share Structure
SHD has established a management share pool which will be used to attract and retain key
management personnel. 2,800,000 shares were issued to the SHD management team in this
period. Funds have been advanced by management for the purposes of developing the SHD
patent portfolio, developing sales and improving the design of the products. Currently, Lomiko
Metals owns 1,792,268 or 18.24% of a total 9,827,775 share of SHD.
Relationship with Promethieus Cryptocurrency
In a news release dated January 18, 2018, SHD and Promethieus had agreed to work together on
the Golden Goose rig design using patents owned by SHD. In exchange, SHD was to be provided
25% ownership of Promethieus. However, given recent developments with Promethieus and a
change of direction of the company away from computer oriented mining operations, the value of
the patents to the overall work of Proemthieus have become less crucial and not an integral part of
the operations plan. Further, Blockchain development would also be completed separately for the
two companies because of the software applications of blockchain for SHD and Promethieus are
too varied to establish any common ground between the developments. Therefore, all parties
agreed that any compensation to SHD would be in the form of cash not shares. Therefore, no
Promethieus shares were issued to SHD and the share structure of Pormethieus was fina lized on
June 26, 2018
The Market
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 renovat ions, 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.
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
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.