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Pioneering Technology Corp PTEFF


Primary Symbol: V.PTE

Pioneering Technology Corp. is an energy smart technology and consumer products company. The Company is focused on developing advanced thermo-based technology solutions for household products and appliances. The Company operates through the development, manufacture and sale of products intended to save energy and offer consumer convenience and safety. The Company’s products include Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set and Low Profile Ring Replacement Set. SmartRange monitors changes in the range’s cooking temperature and signals a pre-alarm if a cooking fire risk is detected. With patented temperature limiting control (TLC) technology, SmartBurner easily replaces electric coil elements and prevents the burner from reaching the temperature at which cooking oils auto-ignite. SmartMicro helps prevent unnecessary alarm activations. It also helps guard against microwave fires from starting.


TSXV:PTE - Post by User

Comment by AVALONSHARKon Aug 31, 2020 9:44pm
138 Views
Post# 31484353

RE:RE:Q3 on Sedar

RE:RE:Q3 on SedarI think management did a good job keeping expenses in check with the double wammy of covid and tariff (both external issues), certainly in line with expectations. 

"..special incentives and discounts to select customers will be discontinued at end of this fiscal year". They have a good product which is very valuable for Multifamilies and as sales goes up, they will be able to make large volume purchases, pass tariff related costs to customers.

The company would post positive earnings in the next few quarters and can easily multiply from here.
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