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pioneering technology corp (PTE) Snapshot

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52 Week High
06/27/14 - C$0.27
52 Week Low
02/10/14 - C$0.08
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pioneering technology corp (PTE) Details

Pioneering Technology Corp. engages in the development, manufacture, and sale of energy-smart product solutions for mainstream products primarily in Canada. The company provides Safe-T-element, an electronically controlled solid cover plate installed on top of existing stovetop burners to prevent cooking fire; Safe-T-sensor, a technology to prevent microwave fires and false alarms associated with microwave overcooking; Powergrill, a remotely controlled grill; Battery Eliminator, a batteryless control system for gas fireplaces; and Powerpak, which converts wasted energy into electricity that runs accessories or other appliances. It is also involved in developing Hydro-Free Furnace Fan that enables forced-air furnaces to run independent of the electrical power grid by transforming wasted heat from the furnace to electricity. The company licenses, markets, or sells its products and product components to original equipment manufacturers and/or through third party distribution channels. Pioneering Technology Corp. is based in Mississauga, Canada.

pioneering technology corp (PTE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$156.0K
Compensation as of Fiscal Year 2013.

pioneering technology corp (PTE) Key Developments

Pioneering Technology Corporation Announces SmartBurner

Pioneering Technology Corporation announced that SmartBurner, the new consumer version of its Safe-T-element cooking system, is now available to the general public. The SmartBurner, which can be self-installed in seconds, is in high demand and now available to the general public. SmartBurner not only helps prevent cooking fires, but also helps reduce energy consumption, improves cooking performance and dramatically enhances the aesthetics of electric coil stoves. The company's first production run is already sold out and production is currently being ramped up to keep up with demand.

Pioneering Technology Corp. Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended June 30, 2014

Pioneering Technology Corp. announced unaudited earnings results for third quarter and nine months ended June 30, 2014. For the quarter, the company reported revenue of $721,577, net loss of $109,484, adjusted EBITDA of $252,593 compared to the revenue of $544,824, net loss of $85,014, adjusted LBITDA of $768,021 for the same quarter a year ago. For the year to date, the company reported revenue of $2,670,225, net loss of $58,936, adjusted EBITDA of $14,666 compared to the revenue of $1,193,093, net loss of $517,048 or $0.02 per share, adjusted LBITDA of $201,251 for the same period a year ago.

Pioneering Technology Corp. Announces the Introduction of RangeMinder

Pioneering Technology Corporation. announced 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 a cause of household fire in N.A. In the U.S. cooking fires are responsible for 44% of all household fires; are the causes of fire injuries; the second 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. RangeMinder is the latest in a series of 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.


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