LOMIKO TECHNOLOGIES CLOSES ACQUISITION OF SMART HOME DEVICES LTD
March 3, 2016 TSX-V: LMR
Vancouver, BC, LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the “Company”)
announces that is has completed the acquisition of 778,890 shares of SHD Smart Home Devices Ltd SHD
Smart Home Devices Ltd. will develop, contract manufacture, distribute and sell USB Spider Chargers and
related devices.
"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."
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 be a healthy demand for these IOT
products.
Previously, 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 Ltd. plans to enter into negotiations to sell the USB Spider Charger and other
related devices in North American markets with IOT distributors and builders.
Lomiko Technologies will no longer be the exclusive licensee in North America but will retain its North
America license for the Spider Charger, the OEM 120VAC 60W LED Driver and the 90+ 60W LED Driver.
Further, it will have the opportunity to license new products from Smart Home Devices Ltd. that are
developed.
Lomiko Metals has issued 16,129,743 shares of Lomiko Metals common stock with a hold period that
expires July 4, 2016.
For more information, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email:
info@lomiko.com
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
