Business
Lomiko Investment SHD Smart Home Devices Ltd Awarded New US Patent Approval for (IoT) Power Hub Receptacle
VANCOUVER, British Columbia / Jun 25, 2021 / Business Wire / Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) investment SHD Smart Home Devices
About this update from Lomiko Metals Inc.
[{"type":"text","content":"VANCOUVER, British Columbia / Jun 25, 2021 / Business Wire / Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) investment SHD Smart Home Devices Ltd. (www.shddevices.com) has been awarded a new patent #11063396 from the United States Patent and Trademark Office for its IoT Power Hub wall-mounted receptacle. The publication date for the patent is July 15, 2021. Lomiko Metals Inc. 100% owned subsidiary Lomiko Technologies Inc. is the owner of 18.15% of SHD Smart Home Devices Ltd. (www.shddevices.com) and 40% of Graphene Energy Storage Devices. This is an excellent development for SHD and opens up licensing and manufacturing opportunities. SHD continues to investigate licensing and manufacturing opportunities and aims to complete Underwriters Laboratory (UL) certification for the product and continues research and development of products related to power conversion, heat management and electric vehicle charging equipment. \"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.\" In order to focus on its battery materials properties in Quebec, Lomiko Metals entered into an agreement to sell it’s 100% interest in Lomiko Technologies Inc. to Promethieus Technologies Inc. (Canada) (www.promethieus.com) for $ 1,236,625 on August 6, 2020. Promethieus Technologies Inc. (Canada) plans to merge with Promethieus Technologies NV and the resulting company aims to list on the DCSX to seek further funding to develop both SHD and Graphene ESD. Lomiko would retain 20% interest in the resulting issuer and be reimbursed $ 152,858 in expenses paid by Lomiko on behalf of Promethieus Technologies Ltd. The transaction was due to complete by June 30, 2021 but that target date has not been met due to delays related to COVID 19. A new resolution to extend the time frame of the sale will be presented to the next Annual General Meeting. Mobile phone manufacturers such as Samsung and Apple have already made the decision not to include charge adapters in the retail box with new phones. The patented IoT Power Hub has 6 USB charge points and 2 traditional plug outlets, providing capability to charge up to 8 electronic devices from one recept...