Business
Lomiko Technologies to Launch Smart Home Devices Ltd to Manufacture, Distribute and Sell Spider Charger-based Devices
VANCOUVER, BC / ACCESSWIRE / February 16, 2016 / LOMIKO METALS INC. (TSXV: LMR) (OTCQX: LMRM...
About this update from Lomiko Metals Inc.
[{"type":"text","content":"Lomiko Technologies to Launch Smart Home Devices Ltd to Manufacture, Distribute and Sell Spider Charger-based DevicesVANCOUVER, BC / ACCESSWIRE / February 16, 2016 / LOMIKO METALS INC. (TSXV: LMR) (OTCQX: LMRMF) (FSE: DH8B.F) (the \"Company\") announces that is has signed a Letter of Intent with engineering partner MegaHertz Power Systems, Ltd., private company, to launch a new company focused on \"Internet of Things\" (IOT) devices. SHD Smart Home Devices Ltd. will develop, contract manufacture, distribute and sell Spider Chargers and related devices.\n\n\"With the launch of Smart Home Devices Ltd., Lomiko has an opportunity to garner a profitable sales channel for the Spider Charger.\", stated A. Paul Gill, CEO., \"Major companies such as Leviton, Legrand, Pass & Seymour and others have recognized this new market and have launched similar devices.\"\nImage: https://www.accesswire.com/uploads/19264_regular.jpg\n\nSpider Charger Installed\n\nTo view an enhanced version of Spider Charger Installed, please visit: \nhttps://www.accesswire.com/uploads/19264_enhanced.jpg \nThere 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.\nImage: https://www.accesswire.com/uploads/19264_regular%202.jpg\n\nSide View of Spider Charger Showing USB Ports\n\nTo view an enhanced version of Side View of Spider Charger Showing USB Ports, please visit:\nhttps://www.accesswire.com/uploads/19264_enhanced%202.jpg \nPreviously, Lomiko Technologies was the exclusive licensee of three devices designed by MegaHertz Power Systems, Ltd. based on an October 27, 2014 news release. Now, MegaHertz Power Systems, Ltd. has amalgamated a number of new concept designs, technology licenses, patent applications, and intellectual property into Smart Home Systems in order to penetrate the smart home market for Internet of Things (IOT) and seek out revenue streams. Lomiko will contribute the trademark and jointly developed Spider Charger and become a shareholder of Smart Home. In addition, Smart Home...