The Ontario Housing Services Corp (HSC) is to encourage social housing operators to install Pioneering Technology Corp’s (CVE:PTE) cooking fire prevention products.
The HSC will offer an annual discount of 4% on property insurance premiums to Ontario social housing operators that fit out their dwellings with Pioneer’s SmartBurner or Safe-T kit.
HSC delivers services to more than 100,000 housing units in Ontario that help operators improve building efficiency and reduce utility costs, Pioneer noted.
Its insurance program is one of the largest group programs in North America, and is tailored specifically to the needs of the social housing sector. The program also provides education on risk management, liability and loss prevention.
“Cooking fires are a common cause of fires in residential buildings everywhere. SmartBurner and Safe-T-element help reduce the risk. The annual insurance premium discount we now offer will help us improve fire safety in social housing buildings across Ontario,” said Howie Wong, chief executive officer (CEO) of HSC.
Kevin Callahan, CEO of Pioneering Technology, said the company has had great success with its products in Ontario’s social housing sector.
“Pioneering’s products are mandated in several Ontario public housing jurisdictions and deliver a meaningful return on investment by helping eliminate the costs related to cooking fires and reducing energy consumption. This new partnership with HSC will accelerate that activity and provide all public housing providers in Ontario with solutions to help protect their properties, maximize cost savings and make the best use of tax-payer dollars,” Callahan said.
Story by ProactiveInvestors