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Pioneering lands largest purchase order to date

Tuesday, January 10, 2017 7:45
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Pioneering Technology Corp (CVE:PTE) landed its biggest order to date on Tuesday as it announced a follow-on purchase order from one of the largest suite style hotel chains in North America to equip an additional 159 hotel properties hosting 19,300 hotel rooms with Pioneering’s SmartBurner.

North America’s leader in cooking fire prevention technologies and products said the purchase order is for approximately 40,560 single SmartBurners (or 10,140 4-burner kits) to equip the additional 159 hotel properties.

This new purchase order represents the second phase of major installations for this hotel chain. So far, another 138 of their hotels were equipped with SmartBurner in September.

This undisclosed hotel chain is one of North America’s largest owner/operators of company branded suite style hotel rooms that include fully equipped kitchens. This latest purchase means that this hotel chain will now have equipped approximately 50% of its hotel suites portfolio with Pioneering’s SmartBurner. Shipments occurred during the weeks of Dec. 26 to Jan. 3 – installations will be completed in February/March.

 “We are very pleased with the success we continue to have in this very relevant channel for our product solutions. Our new channel distribution partners are playing a significant role in helping Pioneering broaden its awareness and reach,” said Pioneering CEO Kevin Callahan.

“This recent order is of particular significance because it is the second large order from this repeat customer, lending credibility to the success we are having in helping prevent cooking fires in this new but very relevant channel.”

The hotel/motel segment with fully equipped kitchens is large, growing and a natural channel for Pioneering’s cooking fire prevention solutions. Major suite style hotel chain properties (with kitchens) in North America number over 3,200 hotel properties and approximately 320,000 hotel units representing a significant multi-million-dollar opportunity for the Company and its distribution partner(s) while helping these hotel chains save money, protect their guests/tenants and deliver a return on their investment.

According to the National Fire Protection Association, cooking equipment is involved in 45% of all hotel and motel fires resulting in significant costs, injuries, inconvenience costs and sometimes fatalities.

For a hotel chain like this one, cooking fires result in significant annual direct costs but also result in additional costs in the form of lost income, relocation, insurance and other indirect costs.

Pioneering’s SmartBurner with its patented temperature limiting control (TLC) technology helps prevent cooking fires before they start. This TLC technology has now been installed on over 200,000 stovetops throughout North America with 100% efficacy (zero reported stovetop cooking fires).

Story by ProactiveInvestors


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