Home > Market Activity > Get Quotes > News > News Article

Pioneering Technology Corp

Exchange: TSXV Exchange | Dec 11, 2018, 2:42 AM EST

PTE
$ 0.10 real time data No Change
Change:
0.00 (0.00%)
Volume:
220,900
Real-time price
Day Low 0.10
Day High 0.105


 Back
,
Pioneering Introduces Another New Cooking Fire Prevention Product

Pioneering Introduces Another New Cooking Fire Prevention Product

Pioneering now offers cooking fire prevention solutions for every household in North America.


Mississauga, Ontario (FSCwire) - Pioneering Technology Corporation. (TSX-V:PTE; PTEFF:US), (“Pioneering”), North America’s leader in cooking fire prevention technologies and products, announced today the introduction of another cooking fire prevention product – RangeMinder.  Recently approved by ETL (Intertek) for listing at retail, this is the latest in a family of products created by Pioneering meaning that the Company can now provide a solution to help prevent household cooking fires and false alarms for virtually all of the more than 140 million rangetops and microwave ovens in households throughout North America.

The National Fire Protection Association (NFPA) states that cooking is the leading cause of household fire in N.A.  In the U.S. cooking fires are responsible for 44% of all household fires; are the leading cause of fire injuries; the second leading cause of fire deaths; and result in $1 billion in direct costs annually. The Consumer Product Safety Commission reports that only 1 in 29 of these cooking fires are ever reported to the fire service. 

Unattended cooking is by far the leading cause of these fires.

RangeMinder is the latest in a series of award-winning cooking fire prevention products created by North American based Pioneering Technology. This new state of the art “smart cooking system” has been engineered to help prevent unattended cooking on both gas and electric rangetops. 

RangeMinder is an easy to install patented and patent pending consumer product that replaces the existing rangetop knobs with 4 new “smart dials” and an intelligent base unit that feature the latest in wireless, touch sensitive, self-learning technology.  RangeMinder has been designed to recognize different cooking conditions and range types.  The product can be programmed by the end user to understand whether they are cooking on gas or electric ranges and whether they are cooking on high, medium or low to help alert the cook if they have left the range unattended and if a dangerous cooking situation is imminent.  Once installed, RangeMinder takes it from there – cooking as usual with no behavioral change required.  While cooking should never be left unattended RangeMinder helps remember when innocent people (seniors, kids, anyone) forget or are distracted by life. RangeMinder will be launched this summer and supported by world class marketing support.  

Pioneering CEO Kevin Callahan said of RangeMinder, “We know how easy it is for people to become distracted by everyday life while cooking. Kitchen fires can escalate rapidly and leave irreparable damage to lives and property. We take pride in developing the best technological solutions to these real and widespread dangers.  We are happy to say that as of today we now have cooking fire prevention solutions to help everyone.” 

Pioneering established its market leading position with its award winning Safe-T-element (STE) cooking system for electric coiled rangetops.  The STE`s proprietary temperature limiting control (TLC) technology has been installed on over 100,000 stovetops in multi-residential housing units across North America and around the world and is supported by the fire service everywhere.  There has never been a cooking fire reported on an STE equipped rangetop. This technology also helps save money by reducing the amount of electricity required to cook.  To date this product solution has only been available to the business to business (B2B) market because it requires a professional installation.  Pioneering is asked everyday for a consumer version of the STE.

Earlier this year the Company announced the introduction of the Smart Burner, a consumer retail “easy to install” version of the STE which does not require a professional installation. Just simply replace your existing coil element with the Smart Burner and your rangetop is transformed – looks better, cooks better, cleans easier, saves energy and helps protect your family and loved ones by helping prevent cooking fires.  The Smart Burner  will be available for the first time to the general public later this summer in Canada at Home Hardware stores. The U.S launch is scheduled for this fall.

And finally, Pioneering’s Safe-T-sensor (STS), which is engineered to help prevent microwave fires and false/nuisance alarms, is having great success on university campuses and in commercial applications helping prevent evacuations due to false or smoke alarms which can result in injury/ loss of life and result in significant costs due to emergency response and loss of productivity (universities, seniors facilities, hospitals & offices).

This is a market opportunity well in excess of $18 billion.  Pioneering has created the category and for the moment offers the only real solutions to these problems.  Pioneering`s solutions are an investment as opposed to a capital cost because they pay for themselves in numerous ways in a very short period of time.  Please contact the Company for more information and examples of how you can protect your loved ones, tenants, properties and save money.  

##

About Pioneering Technology Corp.:

Based in Mississauga, Ontario, Pioneering is an “Energy Smart” product innovation/consumer goods company and North America’s leader in cooking fire prevention technologies.  Pioneering engineers and brings to market energy smart solutions for consumer products making them safer, smarter and/or more efficient.  Pioneering’s patented Smart Cooking Systems are engineered to help prevent cooking fires, the number one causes of household fires and false alarms in North America helping to protect lives, property and save money.  Pioneering trademarks include Safe-T-element®, Safe-T-Sensor™, RangeMinder™, Smart Burner™, Powergrill™, Battery Eliminator®, Powerpak™ and the Hydro-free Furnace Fan™.  For more information visit: www.pioneeringtech.com.  

For more information please contact:

Kevin Callahan, President & CEO of Pioneering Technology

905-712-2061

kcallahan@pioneeringtech.com

OR

Jonathan Buick, The Buick Group, Corporate Relations

416-915-0915

 jbuick@buickgroup.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.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/PioneeringJune242014.pdf
Source: Pioneering Technology Corp. (TSX Venture:PTE) http://www.pioneeringtech.com/

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2014 Filing Services Canada Inc.



Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.