LAS VEGAS & VANCOUVER, British Columbia–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24ALB&src=ctag” target=”_blank”gt;$ALBlt;/agt; lt;a href=”https://twitter.com/hashtag/CES?src=hash” target=”_blank”gt;#CESlt;/agt;–Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTCQB: LMRMF, FSE:
DH8C) and SHD Smart Home Devices (“SHD”) www.shddevices.com
have arranged meetings with potential distribution partners in the
Electronics and Smart Home Automation for the Consumer
Electronics Show in Las Vegas Nevada. SHD Devices hopes to launch
Spider Charger™ with North American wide distribution and a suggested
retail price of $29 USD. SHD has conducted market analysis which
indicates there is a need for the Spider Charger™ in an estimated 1
million condos, hotels and offices which all have increasing demand for
“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. “Imagine replacing
your power bar or unsafe receptacle extension kits with one unit which
connects directly by USB.”
There are currently 130 million established households in North America
and a seasonally adjusted annualized rate of 1.1 million housing starts.
In addition, 20 million offices, hotels and public and private locations
are also potential markets for USB charging devices. SHD Estimates 10%
of this market will install USB enabled receptacles in the coming year.
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.
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
plug in power adapters 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 receptacle wall enclosure.
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.
The new improved modular Spider Charger™ design is more robust with
increased power output to support six simultaneous wireless connections
and fast charging that is unrivaled in the industry. The device is now
equivalent to installing a multi port USB power bar in the wall yet
provides a full 10W at each USB port without sharing the power like
competing options plus it operates without obstructing standard
electrical outlets without unsightly power adapters. It balances
charging capacity and fire and electrical safety. The key advantage of
the latest design is its ability to install and rapid charge six devices
at the same time in any home or office while in compliance with fire and
SHD has received preproduction samples of its Spider Charger™ USB
outlets from its Manufacturer and have finalized a design that is ready
for Underwriter Laboratories approval. Experienced Asian based consumer
electronic part suppliers are getting ready to toll up to produce the
units in any quantity required to support the emerging N/A markets.
SHD Smart Home Devices has reached a milestone achievement IN 2018 with
the acceptance of a design patent for the Spider Charger™ wall-mounted
multifunctional electrical receptacle. The ornamental design for a
wall-mounted multifunctional electrical receptacle, as shown and
The design consists of the features of shape, ornament, pattern and
configuration of the portion of the wall-mounted multifunctional
electrical receptacle shown in solid lines in the drawings. In the
drawings, the broken lines are for the purpose of illustrating
environment only and form no part of the claimed design.
On Behalf of the Board
“A. Paul Gill”
Chief Executive OfficerWe 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.