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‘Things are looking great’ for Pioneering Technology says CEO Kevin Callahan

Tuesday, November 29, 2016 13:09
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Pioneering Technology Corporation (CVE:PTE) president and chief executive Kevin Callahan updates Proactive on the company’s latest results and outlook for growth.

They’ve recently received a boost with its life-saving SmartBurner product being made available for purchase through the US Communities Government Purchasing Alliance.

The system is an easy-to-install upgrade for conventional electric coil stoves.  Built-in temperature regulators and a proprietary design ensure the attractive elements never get so hot that if left unattended they might hit sustained temperatures high enough to cause a fire.

In regard to Pioneer’s fourth quarter results Callahan says: ”Things look great. Year over year we’re up about 55%, we’re profitable again, net income is a little over $1 mln”.

”We expect this growth to continue.  Some of what’s driving that growth is one of our products SmartBurner which represents about 70% of our sales at present.”

Callahan adds: ”That sort of shift from us selling our products directly to us working with three of the largest supply channel distributors in North America has meant that we now have 500-600 people actively selling our products into the channels we want to be in versus the 5 or 6 that we had a year and a half ago.”

Story by ProactiveInvestors


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