Pioneering Technology Corp. Announces Senior Management Appointment and Issuance of New Options

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(TheNewswire)

Pioneering Technology Corp.
 

Mississauga, ON – TheNewswire - May 5, 2023 - Pioneering Technology Corp. (“Pioneering” or the “Company”) (TSXV:PTE), a technology company and North America's leader in cooking fire prevention technologies and products, is pleased to announce that Will Boake has been appointed as Executive Vice-President of Business Development.  Will brings over 20 years of sales experience to Pioneering, including serving as Pioneering’s Vice President of Sales from 2002 to 2005, and most recently served as Vice President, Enterprise Sales of ICON Digital Productions Inc.

 

Pioneering CEO Kevin Callahan said of Mr. Boake joining the Company, “Will is a long-time friend and supporter of Pioneering.  The board of directors are very pleased to have someone with Will’s experience join the Company’s management team and help lead its business development efforts.”

 

Pioneering also announces that it has granted an aggregate of 5,600,000 stock options to directors and officers of the Company. The stock options are exercisable for common shares of the Company until May 3, 2028 at a price of $0.05 per share.  These options have been granted pursuant to the Company's Stock Option Plan and are subject to vesting requirements.

 

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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 and products. Our mission is simple: To help save lives and property from the number one cause of household fire – cooking fires. We do this by engineering and bringing to market energy-smart solutions that make consumer appliances safer, smarter, and more efficient. Our patented cooking-fire prevention products address the multi-billion-dollar problem of 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. Pioneering’s temperature limiting control (TLC) technology is now installed in over 400,000 multi-residential housing units across North America without a single cooking fire, delivering peace of mind and a solid return on investment for its customers. Pioneering’s proprietary cooking fire prevention solutions include Safe-T-element, SmartBurner, RangeMinder & Safe-T-sensor and are suitable for the majority of the more than 140 million stoves/ranges and over 140 million microwave ovens in use throughout North America. For more info, go to www.pioneeringtech.com.

 

Forward Looking Statements

 

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.

 

For further information contact:  

Kevin Callahan, CEO,

Phone: 647-945-7515,

Email: [email protected]

  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2023 TheNewswire - All rights reserved.