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As of 3:26 PM 07/17/14 All times are local (Market data is delayed by at least 15 minutes).

pioneering technology corp (PTE) Snapshot

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06/27/14 - C$0.27
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08/13/13 - C$0.06
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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
Chief Financial Officer
Total Annual Compensation: C$24.0K
Compensation as of Fiscal Year 2013.

pioneering technology corp (PTE) Key Developments

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.

Pioneering Technology Corp. Reports Unaudited Financial Results for the Second Quarter and the Six Months Ended March 31, 2014

Pioneering Technology Corp. reported unaudited financial results for the second quarter and the six months ended March 31, 2014. For the quarter, the company reported revenues of $843,227 compared with $406,695 for the same period a year ago. Loss for the period was $80,596 or $0.00 per share compared with $155,993 or $0.01 per share for the same period a year ago. Adjusted EBITDA was $20,254 compared with adjusted LBITDA of $215,460 for the same period a year ago. For the six months, the company reported revenues of $1,948,648 compared with $648,269 for the same period a year ago. Income for the period was $50,547 or $0.00 per share compared with loss for the period of $431,263 or $0.02 per share for the same period a year ago. Adjusted EBITDA was $237,927 compared with adjusted LBITDA of $566,000 for the same period a year ago.

Pioneering Technology Corp. Signs Deal with Home Hardware Stores Limited for the Retail Sale of its Safe-T-Element Cooking Fire Prevention Technology

Pioneering Technology Corp. announced that it signed a deal with Home Hardware Stores Limited for the retail sale of its recently announced new consumer version of its Safe-T-element cooking fire prevention technology. The new product is called the Smart Burner. This new "smart" cooking system will be available to all Home Hardware retail outlets across Canada later this spring. The product will be featured at Home Hardware's Spring Market (April 6th - 8th) which brings together the collective buying power of the Dealer-Owners of close to 1,100 locations across Canada for seasonal purchasing to offer customers a variety of quality products at competitive prices. The Safe-T-element will receive special focus as an exciting new product available for stores to purchase inventory of. Dealer-Owners and Staff will learn about the many benefits of this revolutionary new product from Celebrity Chef David Rocco. David is committed to cooking enjoyment (which includes safety and experience) and will be an avid advocate of the product for Home Hardware.


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