Business
Pioneering Technology's SmartBurner(TM) Poised for Growth via New U.S. Distribution Agreement with Market Leader
One of the Largest Multi-Residential, Institutional Supply Companies in North America ...
About this update from Pioneering Technology Corp.
[{"type":"text","content":"Pioneering Technology's SmartBurner(TM) Poised for Growth via New U.S. Distribution Agreement with Market Leader\n One of the Largest Multi-Residential, Institutional Supply Companies in North America\n Smartburner to Be Purchased & Inventoried In 8 Distribution Centers across the United States\n\nMISSISSAUGA, ON / ACCESSWIRE / July 6, 2016 / Pioneering Technology Corporation (TSXV: PTE) (OTC: PTEFF) (\"Pioneering\" or the \"Company\"), a technology company and North America's leader in cooking fire prevention technologies and products, is very pleased to announce today an agreement with one of North America's largest national distributors and direct marketers of broad-line facilities maintenance, repair and operations products (the \"Organization\"). This Organization is now purchasing, warehousing, distributing and selling Pioneering's SmartBurner product throughout the United States. The Organization has recently stocked the product in eight distribution centers across the country and is actively promoting the SmartBurner to its substantial customer base through its national sales organization. Product purchased to date is valued at approximately $630,000 CDN. \nApproaching $2 billion in sales, this Organization now owned by one of the world's largest retailers, serves more than 175,000 customer locations and holds leading market positions in the institutional, multi-family housing and residential end-markets. This Organization's broad and diverse customer base includes apartment complexes and property management companies, educational institutions, lodging, hospitals and health care facilities, government facilities, office buildings and building service contractors, professional contractors and hardware retailers.\nPioneering CEO Kevin Callahan said, \"We are extremely happy with this new relationship. Their access to key decision makers and their reputation in multi-residential and institutional channels will have a significant positive impact on our ability to grow our business in these channels where cooking fires are a very dangerous and expensive problem. This new distributor/sales relationship brings large scale channel expertise, customer relationships, logistics capabilities and a large and dedicated sales force that will impact our SmartBurner business like few other organizations could.\" \nHigh Growth Op...