Lomiko Provides SHD Smart Home Update

Spotlight News  |

Lomiko Metals Inc. () (LMR:CA)  (LMRMF) 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 eliminating 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 multiple 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 Promethieus 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 Promethieus was finalized 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 renovations, 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.

In the interest of full disclosure, we call the reader's attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
LMR:CA Lomiko Metals Inc. 0.05 -0.01 -10.00 168,226
LMRMF Lomiko Metals Inc Ord 0.04 -0.00 -9.45 5,725

Comments

Emerging Growth

Investview Inc

Investview Inc is an investor technology and education company. It provides products that allow the individual investor to find, analyze, track, and manage their portfolio.