Lomiko Metals logoLomiko Metals signed an agreement with MegaHertz Power Systems to license its power converter system designs. Lomiko will have rights to manufacture and sell three different system designs, and also acquired a pending supply contract with a Canadian LED system integrator.

In the longer-term, Lomiko will team up with MegaHertz to co-develop new power converter designs that use graphite and graphene-based devices. Graphene is expected to dramatically raise operating efficiencies and help reduce the energy waste for the Electronic equipment, Energy Storage and Automotive Industries.