PTEFF - Pioneering Technology Corp. Announces Senior Management Appointment and Issuance of New Options
(TheNewswire)
Mississauga, ON – TheNewswire - May 5, 2023 - Pioneering Technology Corp. (“ Pioneering ” or the “ Company ”) (TSXV:PTE) , a technology company and North America's leader in cookingfire prevention technologies and products, is pleased to announce thatWill Boake has been appointed as Executive Vice-President of BusinessDevelopment. Will brings over 20 years of sales experience toPioneering, including serving as Pioneering’s Vice President ofSales 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 joiningthe Company, “Will is a long-time friend and supporter ofPioneering. The board of directors are very pleased to have someonewith Will’s experience join the Company’s management team and helplead its business development efforts.”
Pioneering also announces that it has granted anaggregate of 5,600,000 stock options to directors and officers of theCompany. The stock options are exercisable for common shares of theCompany until May 3, 2028 at a price of $0.05 per share. Theseoptions have been granted pursuant to the Company's Stock Option Planand are subject to vesting requirements.
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About Pioneering TechnologyCorp: Pioneering, based in Mississauga, Ontario is an"energy smart" technology company and North America's leaderin innovative cooking fire prevention technologies and products. Ourmission is simple: To help save lives and property from the number onecause of household fire – cooking fires. We do this by engineeringand bringing to market energy-smart solutions that make consumerappliances safer, smarter, and more efficient. Our patentedcooking-fire prevention products address the multi-billion-dollarproblem of cooking fires. According to the National Fire ProtectionAssociation, stovetop cooking is the number one cause of household fire and fire injuries in North America. Pioneering’stemperature limiting control (TLC) technology is now installed in over400,000 multi-residential housing units across North America without asingle cooking fire, delivering peace of mind and a solid return oninvestment for its customers. Pioneering’s proprietary cooking fireprevention solutions include Safe-T-element, SmartBurner, RangeMinder& Safe-T-sensor and are suitable for the majority of the more than140 million stoves/ranges and over 140 million microwave ovens in usethroughout North America. For more info, go to www.pioneeringtech.com .
Forward Looking Statements
This news release contains certain forward-lookingstatements that reflect the current views and/or expectations of theCompany with respect to its performance, business and future events.Such statements are subject to a number of risks, uncertainties andassumptions. Actual results and events may vary significantly.
For further informationcontact:
Kevin Callahan, CEO,
Phone: 647-945-7515,
Email: kcallahan@pioneeringtech.com
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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