Pennrose is the 4th largest affordable housing developer in the United States
PHILADELPHIA, PENNSYLVANIA--(Marketwired - Dec. 1, 2016) - Pioneering Technology Corporation (TSX VENTURE:PTE)(OTC PINK:PTEFF), ("Pioneering" or the "Company"), a technology company and North America's leader in cooking fire prevention technologies and products announced today that Pennrose Properties LLC ("Pennrose") of Philadelphia has specified the installation of SmartBurner for all of its new building and redevelopment projects.
The Pennrose development and management project portfolio includes close to 16,000 multi-family housing apartment units in 12 states and the District of Columbia and in over 80 municipalities.
Pennrose is a premier real estate development and property management company with an outstanding reputation for excellence both in the quality of residential units produced and the manner in which they are maintained. As an innovator in building design and operational management efficiency, Pennrose has delivered lasting value for its customers and for the multifamily housing market for more than 40 years.
Kevin Callahan CEO of Pioneering Technology said of the announcement. "Theirs is a team of exceptional professionals transforming communities by creating high quality real estate developments and delivering outstanding value to their tenants, clients and partners. We are proud to have Pennrose now specify our products in their new construction and redevelopment projects".
Prior to making this decision, Pennrose confirmed proof of performance having previously completed Safe-T-element and SmartBurner installations in apartment buildings in Ohio, Maryland, Pennsylvania, Connecticut and New Jersey. It is the success of these pilot projects that triggered Pennrose's decision to specify SmartBurner for all future new building and redevelopment projects. The latest development project is underway now for the Cuyahoga Housing Authority in Cleveland Ohio.
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. Pioneering engineers and brings to market energy-smart solutions for everyday consumer appliances making them safer, smarter, and more efficient. The company's patented technologies/products address a multi-billion-dollar problem - 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 (48% of all household fires - up from 20% in 1980). Pioneering's temperature limiting control (TLC) technology is now installed in over 150,000 multi-residential housing units across North America without a single cooking fire being reported and delivering a return on investment for its customers. Pioneering has proprietary cooking fire prevention solutions, including its trademarked Safe-T-element, SmartBurner, Range Minder & Safe-T-sensor, for the majority of the more than 140 million stoves/ranges and over 140 million microwave ovens 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