Lomiko Signs Licensing Agreement to Produce and Supply Power Converter Systems to E-Commerce Customers

VANCOUVER, BRITISH COLUMBIA AND TORONTO, ONTARIO, Oct 27, 2014 (Marketwired via COMTEX) Lomiko Metals Inc. ( Lomiko ) (TSX VENTURE: LMR)(PINKSHEETS: LMRMF)(FRANKFURT: DH8B) and its 100% owned subsidiary Lomiko Technologies Inc. are pleased to announce an agreement to license from Megahertz Power Systems Ltd. ( Megahertz ) rights to manufacture and sell three (3) power converter system designs ( Licensed Power Systems ), acquire a pending supply contract ( Customer Contract ) with a Canadian LED system integrator ( LED Customer ) and support the research and development of new products. The Power Converter Market is a multi-billion dollar market. With the increasing demand for energy-efficient electronic devices, the advent of re-chargeable batteries and the new market for quick-charge supercapacitors, Lomiko has the opportunity to move into a growing market with a profitable business model. , stated A. Paul Gill, CEO. Lomiko will establish cash-flow under the current Customer Contract
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