MISSISSAUGA, ONTARIO--(Marketwired - Sept. 11, 2017) - Pioneering Technology Corporation (TSX VENTURE: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 today the successful installation of its latest cooking fire prevention solution.
This new Pioneering branded product, which was installed in a prominent Ivey League school, includes Innohome OY's ("Innohome") award winning heat sensor technology (see Pioneering's June 8, 2017 release) and is an excellent complement to Pioneering's expanding family of cooking fire prevention solutions. This new product provides yet another product solution to customers focused on protecting lives and property and reducing the costs associated with the multi-billion-dollar problem of cooking fires.
This new aftermarket product solution will be available for electric ranges through Pioneering's existing customer base and distribution network. Plans for a retail strategy are in development.
The intelligent heat sensor technology has been engineered to first alert users to imminent cooking fire danger through a low frequency alarm, and then, if the stovetop remains unattended, shut the stove off to help prevent a cooking fire. This advanced technology includes two different types of heat sensors that both measure excessive temperatures and the rate of temperature change.
CEO Kevin Callahan said of the announcement: "After much success for this technology in Europe we are very excited to begin the product's introduction in North America with such a highly regarded Ivey League university. This is an exciting cooking fire prevention solution that we are committed to and believe will help us broaden our reach and focus of helping to continue to reduce the number one cause of cooking fires in North America."
Innohome OY's Heat Sensing Technology: Innohome based in Espoo, Finland is a technology company and the leading cooking fire prevention company in Europe. Innohome's innovative heat sensing technology was the first to pass the new EU Standard for cooking fire prevention and to have passed the strict SINTEF tests for cooking fire prevention. Innohome's heat sensing technology has received several international awards, including a 2016 CES Innovation Award Honoree in N.A.
About Pioneering Technology Corp: Pioneering, based in Mississauga, Ontario 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 temperature limiting control (TLC) technology is now installed in over 200,000 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 & 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 info, go to 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
Pioneering Technology Corp.
Kevin Callahan, CEO
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