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Pioneering Technology Corp

Exchange: TSXV Exchange | Dec 11, 2018, 2:41 AM EST

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Denver Housing Purchases Pioneering's SmartBurner to Deliver Fire Prevention & Energy Efficiency for its Housing Portfolio

  • Denver Housing installs 1,448 SmartBurners in its mid-rise and high-rise buildings
  • Pioneering Exhibiting at National Association of Housing & Redevelopment Officials Conference (representing 2.7 million housing units) in Los Angeles October 15-17th

Los Angeles, California--(Newsfile Corp. - October 14, 2015) - Pioneering Technology Corp. of Mississauga, Ontario (TSXV: PTE), ("Pioneering") announced today at the National Association of Housing & Redevelopment Officials (NAHRO) Conference in Los Angeles the purchase and installation of 1,448 SmartBurners by the Housing Authority of the City and County of Denver ("Denver Housing" or "DHA") for its mid-rise and high-rise housing portfolio.

The installation of Pioneering's SmartBurner enables DHA to provide its residents with protection from stovetop cooking fires (the # 1 cause of home and apartment fires in the United States), while also enjoying a reduction in energy consumption. The savings generated from the installation of the SmartBurners is expected to offset the cost of the installation of the product and deliver a positive return on investment for DHA.

"The SmartBurner is a natural facility improvement measure, delivering both fire prevention and energy efficiency," said Jim DiPaolo, Deputy CFO for DHA. Kevin Callahan, CEO of Pioneering said "We are pleased to work with Denver Housing on this project and providing a safe and sustainable product for its residents".

In 2013, DHA ran a pilot project installing Pioneering's Safe-T-element product with its patented temperature limiting control technology in all of the apartment units in one of its mid-rise buildings to test the usability and fire prevention capabilities of the technology. The successful results of this pilot project have resulted in Denver Housing rolling the technology out across its portfolio by including Pioneering's SmartBurner in its most recent sustainability/revitalization project.

Pioneering's innovative cooking fire prevention product technologies have enjoyed tremendous success in preventing the number one cause of household fire, while saving energy, with hundreds of public and affordable housing authorities across North America. Denver Housing is just the latest in a series of public/affordable housing providers who are now also making the SmartBurner an important part of their overall safe and sustainable housing strategy.

Pioneering will be exhibiting at the National Association of Housing and Redevelopment Officials (NAHRO) Conference at the Los Angeles Convention Center October 15-17th. NAHRO is a professional membership organization comprised of approximately 20,000 housing and community development agencies and officials throughout the United States who administer a variety of affordable housing and community development programs at the local level. NAHRO members own or administer approximately 2.7 million public/affordable housing units in the United States.

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About the Denver Housing Authority:  Established in 1938 as a quasi-municipal corporation, DHA is one of Denver's largest landlords, serving 26,000 low and middle-income residents with affordable housing at over 12,000 units located throughout the city.  DHA is a recognized national leader in establishing public/private partnerships that create sustainable, mixed-use housing sites and revitalize inner-city communities. To learn more go to: http://www.denverhousing.org, Facebook I Twitter I

About Pioneering Technology Corp & SmartBurner: Pioneering, based in Mississauga, Ontario 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 everyday consumer appliances making them safer, smarter, and more efficient. Pioneering's patented cooking-fire prevention technologies/products are engineered to help prevent cooking fires, the number one cause of household fire (a multi-billion dollar problem) in North America. According to the National Fire Protection Association, stovetop cooking is the number one cause of household fire in North America (44% of all household fires). The new easy to install SmartBurner offers similar patented, temperature limiting control (TLC) technology that is incorporated in the Company's flagship product (Safe-T-element) engineered to help prevent stove top cooking fires and reduce energy consumption. Pioneering's TLC technology is now installed in well over 100,000 multi-residential housing units across North America without a single cooking fire being reported and delivering a return on investment for its Customers. Pioneering's cooking fire prevention trademarks include Safe-T-element, SmartBurner, RangeMinder & Safe-T-sensor. For more information go to www.pioneeringtech.com.

For more information please contact:

Kevin Callahan, President & CEO of Pioneering Technology, 905-712-2061 ext.222 kcallahan@pioneeringtech.com

This news release contains certain forward-looking statements reflecting the Company's current views or expectations on 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 not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

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