Nashville, TN (PRWEB) September 25, 2013
Pioneering Technology Corp. (TSX-V: PTE; OTC:PTEFF) (“Pioneering”) announced today the completion of a project for the Metropolitan Development and Housing Agency (“MDHA”) in Nashville, Tennessee, in partnership with Siemens Industry Inc.’s Building Technologies division (“Siemens”). The project consisted of the installation of 1,255 Safe-T-element (STE) cooking systems for multi-residential housing.
The installation of the innovative STE devices provides residents with the ultimate protection against potentially life-threatening kitchen fires while also providing them with a 25-35% reduction in energy consumption. The savings made from this reduction are expected to eventually offset the cost of the entire energy performance contracting project.
"The STE is a natural facility improvement measure, delivering both energy efficiency and fire prevention," said Pioneering CEO Kevin Callahan. “We were pleased to work with Siemens on this project and be able to provide a safe and sustainable technology to residents.”
As with the Nashville project, Pioneering plans to bring Pioneering’s Safe-T-element cooking system to other Public Housing Energy Performance Contract projects across the U.S. Pioneering’s Safe-T-element cooking system for electric coiled ranges is a temperature-limiting technology (“TLC”) engineered to reduce energy consumption and help prevent stove top cooking fires while maintaining effective/efficient cooking performance. Available pre-installed on new ranges or as an aftermarket product, the STE technology is currently installed on more than 100,000 ranges in multi-residential housing (low income, seniors, college/university and military) throughout the world.
About Metropolitan Development and Housing Agency (MDHA)
Since 1938, the Metropolitan Development and Housing Agency (MDHA) has assisted the citizens of Nashville. MDHA operates more than 5,500 units of affordable public housing and administers rent supplement programs to assist Nashville families in their search for decent housing in the private market. The agency currently provides safe and affordable housing to more than 28,000 Nashvillians. In recent years, the agency has strived to increase resident comfort and reduce utility expenses, all while promoting sustainability. To further its initiatives, MDHA entered into an energy performance contract with Siemens Industry, Inc., in May 2009. http://www.nashville-mdha.org/history.php
About Siemens Building Technologies Division
The Siemens Building Technologies Division is the world leader in the market for safe and secure, energy-efficient and environment-friendly buildings and infrastructures. As technology partner, service provider, system integrator and product vendor, Building Technologies has offerings for safety and security as well as building automation, heating, ventilation and air conditioning (HVAC) and energy management. With around 29,000 employees worldwide, Building Technologies generated revenue of 5.8 billion Euros.
For more information, visit http://www.usa.siemens.com/buildingtechnologies
About Pioneering Technology Corporation and the Safe-T-element Cooking System:
Pioneering Technology, based in Mississauga, Ontario is an “Energy Smart” product innovation/consumer goods company and North America’s leader in cooking fire prevention technology. Pioneering engineers and brings to market energy smart solutions for consumer products making them safer, smarter and/or more efficient. Pioneering’s patented and patent pending Safe-T-element® cooking system is engineered to help prevent stove top cooking fires, the number one cause of fire in North America, and to reduce the amount of electricity required to cook. Available on new ranges or as an aftermarket installation, the STE technology is installed on over 100,000 ranges in multi-residential housing (low income, seniors, college/university and military) throughout the world. Pioneering trademarks include Safe-T-element®, Safe-T-Sensor™, Powergrill™, Battery Eliminator®, Powerpak™ and the Hydro-free Furnace Fan™.
For more information or interviews, please contact: Josh Stanbury, Business Instincts Group (403) 781-6671 ext. 218.
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.