Calgary, Alberta--(Newsfile Corp. - August 18, 2015) - Pioneering Technology Corp. (TSXV: PTE), ("Pioneering") announced today that Boardwalk Real Estate Investment Trust (TSX: BEI.UN), ("Boardwalk") has added SmartBurner as a requirement for installation on all new stoves.
Early this year Boardwalk installed the SmartBurner product in two Calgary, Alberta apartment buildings. The successful results of these installations led Boardwalk to include the SmartBurner in its specifications for the replacement of all future stoves in its housing portfolio.
Boardwalk owns a mixture of high-rise, mid-rise and low-rise apartment buildings in Alberta, Saskatchewan, Ontario and Quebec. Boardwalk strives to be Canada's friendliest landlord and currently owns more than 220 properties with over 34,000 units making it one of Canada's biggest residential landlords.
Tenant safety is a strategic priority for Boardwalk and the investment in SmartBurner will help prevent property damage from stovetop cooking fires, improve operating costs, and contribute to an improved quality of life for Boardwalk's Resident Members.
Pioneering CEO Kevin Callahan said of the announcement, "Our new SmartBurner product is having an immediate and significant impact in helping new rental housing provider Customers deliver a safer and more energy efficient environment for the tenants they serve. Boardwalk is the latest in a series of large property owners and REITS who have chosen the SmartBurner as an important part of their overall safe housing strategy."
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About Boardwalk REIT: Boardwalk REIT strives to be Canada's friendliest landlord and currently owns and operates more than 220 properties with over 34,000 residential units, totaling over 29 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its Trust Units through selective acquisition, disposition, development and effective management of its residential multi-family communities. Boardwalk REIT is vertically integrated and is Canada's leading owner/operator of multi-family communities with over 1,500 associates bringing Resident Members home to properties located in Alberta, Saskatchewan, Ontario, and Quebec. Additional information about Boardwalk REIT can be found on the Trust's website at www.BoardwalkREIT.com.
About Pioneering Technology Corp & New SmartBurner: Pioneering, based in Mississauga, Ontario is an "energy smart" product innovation/consumer goods company and North America's leader in cooking fire prevention technologies. Pioneering engineers and brings to market energy-smart solutions for everyday consumer appliances making them safer, smarter, and more efficient. Pioneering's patented cooking-fire prevention technologies/products are engineered to help prevent cooking fires, the number one cause of household fire (a multi-billion dollar problem) in North America. According to the National Fire Protection Association, stovetop cooking is the number one cause of household fire in North America (44% of all household fires). The new easy to install SmartBurner offers similar patented, temperature limiting control (TLC) technology that is incorporated in the Company's flagship product (Safe-T-element) engineered to helpprevent stove top cooking fires and reduce energy consumption. Pioneering's TLC technology is now installed in well over 100,000 multi-residential housing units across North America without a single cooking fire being reported and delivering a return on investment for its Customers. Pioneering's cooking fire prevention trademarks include Safe-T-element, SmartBurner, RangeMinder and Safe-T-sensor. www.pioneeringtech.com.
For more information please contact:
Kevin Callahan, CEO of Pioneering Technology, 905-712-2061 ext.222, kcallahan@pioneeringtech.com, or Jonathan Buick, the Buick Group, Corporate Relations, (416) 569-0915, jbuick@buickgroup.com.
This news release contains certain forward-looking statements reflecting the Company's current views or expectations on 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 not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
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