- After successful pilot programs, Pioneering now taking this new product solution to market
- SmartRange is an aftermarket cooking fire solution for glass cooktops in the NA market
Mississauga, ON August 15, 2018) – Pioneering Technology Corp. (TSXV: PTE; OTC: PTEFF), (“Pioneering” or the “Company”), a technology company and North America’s leader in cooking fire prevention technologies and products is pleased to announce the launch of its new SmartRange aftermarket product for electric ranges with glass cooktops and its first North American sale to a prominent U.S. college (name withheld by request).
This unnamed U.S. college has on-campus housing that offers its students apartment style suites with electric glass cooktop ranges. This college recently experienced a cooking fire in one of its residences and was looking for a cooking fire prevention solution for glass cooktop ranges to help protect its students and properties while delivering peace of mind for parents, faculty and administrators.
Pioneering has spent the last six months conducting pilot projects for this new aftermarket glass cooktop technology including prominent U.S. colleges in Rhode Island, Michigan, Utah and New York. Pioneering has been very pleased with the results and feedback from these pilot installations and has used the learning to develop a targeted marketing program for this new product and is delighted to announce its first of many sales.
SmartRange is Pioneering’s new North American version of a proven European cooking fire safety solution. This intelligent heat sensor technology (developed by Innohome Oy with whom Pioneering has a strategic alliance) is engineered to first alert users to imminent cooking fire danger through a low frequency alarm, and then, if the stovetop remains unattended, it shuts the stove off to help prevent a cooking fire from starting. This new aftermarket product solution will be available for electric ranges with glass cooktops through Pioneering’s growing customer and distribution network.
CEO Kevin Callahan said of the announcement: “We have been very pleased with the results of these pilots and we are now ready to take this product to the North American market. SmartRange is an excellent complement to our expanding family of cooking fire prevention and safety solutions and helps us broaden our reach and breadth. This is a product solution that customers of ours with glass cooktop ranges have been asking for”.
According to the National Fire Protection Association, reported fires in on-campus dorms increased by 23 percent in the ten years between 2003 and 2013, and six out of every seven of those fires are caused by cooking. Cooking is the leading cause of household fires and fire injuries in North America resulting in $1.4 billion in direct property damages annually.
About Pioneering Technology Corp.: Pioneering Technology is an “energy smart” technology company and North America’s leader in innovative cooking fire prevention technologies and products. Our mission is simple: To help save lives and property from the number one cause of household fire – cooking fires. We do this by engineering and bringing to market energy-smart solutions that make consumer appliances safer, smarter, and more efficient. Our patented cooking-fire prevention products address the multi-billion-dollar problem of cooking fires. According to the National Fire Protection Association, stovetop cooking is the number one cause of household fire and fire injuries in North America. Pioneering’s patented temperature limiting control (TLC) technology is now installed in over 250,000 multi-residential housing units across North America without a single cooking fire being reported, delivering peace of mind and a solid return on investment for its customers. Pioneering’s proprietary cooking fire prevention solutions include Safe-T-element, SmartBurner, RangeMinder, SmartRange & Safe-T-sensor and are suitable for the majority of the more than 140 million stoves/ranges and over 140 million microwave ovens in use throughout North America. For more information, visit www.pioneeringtech.com.
For more information, please contact:
Pioneering Technology Corp.
Kevin Callahan, CEO
Email: [email protected]
For investor relations please contact:
Contact Financial Corp.
Email: [email protected]
This news release contains certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
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