Lomiko’s SHD Smart Home Devices Awarded Milestone US Patent for the Innovative Spider Charger™ Multifunctional Electrical...
September 10 2018 - 8:00AM
Business Wire
Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF,
FSE: DH8C) and SHD Smart Home Devices www.shddevices.com have
been working diligently to bring Smart Home products to the
market.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180910005273/en/
The Spider Charger(tm) has 6 USB ports
and 2 other receptacles (Photo: Business Wire)
Patent
SHD Smart Home Devices moves closer to production, reaching a
milestone achievement with the US Patent Office acceptance of its
design patent for the Spider Charger™ wall-mounted multifunctional
electrical receptacle. The ornamental design for a wall-mounted
multifunctional electrical receptacle, as shown and described.
The patent protects distinct design features of shape, ornament,
pattern and configuration 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.
"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."
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.
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.
For more information on Lomiko Metals, review the website at
www.lomiko.com,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180910005273/en/
Lomiko Metals Inc.A. Paul Gill,
604-729-5312info@lomiko.com
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