Hastings County receives energy savings rebate for installing Safe-T-element(R) on 806 new ranges.
Belleville, ON - (February 5, 2013) - Pioneering Technology Corp. (TSX-V: PTE; OTC BB: PTEFF), ("Pioneering"), an energy smart product innovation/consumer goods company and North America's leader in cooking fire prevention technologies, announced today that Hasting County's installation of 806 new ranges equipped with Pioneering's Safe-T-element cooking system has been recognized by the Ontario Power Authority's saveONenergy program.
With the help of its local utility company Veridian Connections Inc. (Veridian), the Hastings County Housing Programs Branch is the first affordable housing provider in the province to receive an energy savings rebate for the installation of new ranges equipped with the Safe-T-element's fire prevention and energy saving technology.
The project was assessed by Burman Energy Consultants Group Inc. and it was determined that the installation of Safe-T-element on 806 new ranges projected an annual savings of 115,137 kWh. Burman Energy confirmed that the project aligned with the requirements as specified by the OPA.
Melanie Walls, Veridian's Key Accounts Representative, said of The Corporation of Hastings County's decision to install ranges equipped with the Safe-T-element cooking technology, "Thank you for taking the initiative to ensure that your project incorporated energy efficiency and electrical demand reduction".
The saveONenergy programs are funded by the Ontario Power Authority and offered by local electric utility companies throughout the province. The RETROFIT Program is one of a suite of province-wide saveONenergy conservation programs offered by Veridian and all other utility companies in the province to help Ontario achieve its conservation goals by replacing existing equipment with high efficiency equipment and for installing new control systems that will improve the efficiency of operational procedures and processes.
Pioneering CEO Kevin Callahan said of the announcement, "Pioneering's Safe-T-element is having a significant impact in helping affordable housing providers deliver a safer and more energy efficient environment for the tenants they serve. Hastings County is the latest in an ongoing trend of housing providers in Ontario and throughout North America that are making the Safe-T-element cooking system an important part of their overall safety and energy saving housing strategy."
Overall, Ontario has 733,000 low-income households. More than 90% of these households have electric cooking ranges. Ontario's Long-Term Energy Plan sets out one of the most ambitious conservation goals in North America focused on reducing peak demand by 7,100 megawatts and overall demand by 28 terawatt-hours by 2030.
Safe-T-element is just one of the many ways the province is attempting to achieve its goal.
About saveONenergy program
The saveONenergy conservation programs for home and business are designed to make it easier than ever to manage electricity use. The saveonenergy.ca website will help you learn about the programs, and the benefits you can achieve by taking advantage of the energy-saving measures and incentives offered by these conservation programs. The Cleaner Ontario symbol is a trademark of the Government of Ontario. You will find it on products, incentives and information related to conservation programs brought to you by your local utility. When you see this mark, you can be assured that the programs it represents will enable you to manage your electricity use and save on energy. The saveONenergy programs are offered through your local electric utility and funded through the Ontario Power Authority.
The Hastings County Housing Program
Hastings County directly own and manage 1,379 social housing units, 213 rent supplement units and administer 855 non-profit units owned by 15 different non-profit housing and cooperative corporations. The goal of the Hastings County Housing Programs Branch is to provide safe, modest and affordable housing for low income households in Hastings County. The Hastings County Housing Programs Branch administers the Social Housing Registry. The program is responsible for encouraging the creation and development of new affordable housing in Hastings County. This includes development of non-profit housing, affordable rental housing and affordable housing for purchase.
Veridian Connections Inc.
Veridian Connections, a wholly owned subsidiary of Veridian Corporation, is the seventh largest municipally owned electricity distributor in Ontario. The company is responsible for the safe, reliable delivery of electricity to more than 115,000 residential and business customers in the cities of Pickering and Belleville, the towns of Ajax, Port Hope and Gravenhurst, and the communities of Uxbridge, Bowmanville, Newcastle, Orono, Port Perry, Beaverton, Sunderland and Cannington. Veridian focuses on providing dependable, efficient and sustainable energy solutions and services. A top priority is the health and safety of employees and members of the public. The company is an important fixture in the communities it serves. In addition to providing reliable service at reasonable rates, Veridian promotes economic growth, community building and sustainable living.
About Pioneering Technology Corporation and the Safe-T-element Cooking System:
Pioneering, based in Mississauga, Ontario is an "Energy Smart" product innovation/consumer goods company and North America's leader in cooking fire prevention technology. Pioneering engineers and brings to market energy smart solutions for consumer products making them safer, smarter and/or more efficient. Pioneering's patented and patent pending Safe-T-element(R) cooking system is engineered to help prevent stove top cooking fires, the number one cause of fire in North America, and to reduce the amount of electricity required to cook. Available on new ranges or as a retrofit, the STE technology is installed on over 80,000 ranges in multi-residential housing (low income, seniors, college/university and military) throughout the world. Pioneering trademarks include Safe-T-element(R), Safe-T-Sensor(TM), Powergrill(TM), Battery Eliminator(R), Powerpak(TM) and the Hydro-free Furnace Fan(TM). For more information visit: www.pioneeringtech.com.
For Further Information regarding Pioneering Technology Corp. or the Safe-T-element cooking system contact: Kevin R. Callahan, President and CEO of Pioneering, at (905) 712-2061 ext. 222. Or visit: www.pioneeringtech.com
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.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
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