Business
U.S. Insurer is First to Offer Pioneering's Safe-T-element Technology as a Means of Reducing Cooking Fire Losses
The Assisted Housing Risk Management Association partners with Fireman 24/7 and Pioneering Techno...
About this update from Pioneering Technology Corp.
[{"type":"text","content":"\n\n\n\nThe Assisted Housing Risk Management Association partners with Fireman\n24/7 and Pioneering Technology to offer their members the\nSafe-T-element(R) (STE) cooking system at a greatly reduced cost.\n\n\nMISSISSAUGA, ON, Sept. 22 /CNW/ - Pioneering Technology Corp. of\nMississauga, Ontario (TSX-V: PTE), ("Pioneering") announced today that a U.S.\ndistributor has signed a contract with the Assisted Housing Risk Management\nAssociation (AHRMA) for a new fire loss reduction initiative being rolled out\nto its 165 Housing Authority Members with the purchase of its first 2,000\nSafe-T-elements (STE).\n\n\nThe initial order and ongoing relationship with the influential housing\nassociation is significant for Pioneering Technology because it represents the\nfirst major purchase by a housing insurance provider and is expected to lead\nto many more such contracts in the future.\n\n\n"This is a bellwether moment for the STE technology as it is now being\nrecognized by the insurance industry as a product that can deliver a reduction\nin cooking fire related property claims," said Pioneering CEO, Kevin Callahan.\n"We are very pleased to be able to make this product available to AHRMA\nthrough our Midwest distribution partner Fireman 24/7 and we look forward to\nworking with them to help reduce AHRMA members insurance costs."\n\n\nAHRMA specializes in understanding and dealing with the risks faced by\nhousing authorities and provides property and casualty coverage for Public\nHousing Authorities in Iowa, Illinois and Nebraska. It serves over 165 housing\nauthority members representing over 30,000 affordable housing and apartment\nunits. AHRMA provides a full line of products designed specifically for\nhousing authorities.\n\n\n"The STE prevents cooking fires and reduces energy costs that will save\nAHRMA, and ultimately our members, lots of money," said AHRMA's CEO Julie\nDePasse. "We are pleased to be partnering with Pioneering and Fireman 24/7 to\noffer our members an important new product that will significantly reduce the\nrisk of cooking fires as well as false alarms at a greatly reduced cost!"\n\n\nDuring the 2005-6 periods AHRMA members experienced about 40 fires per\nyear with an average cost per fire that increased from under $25,000 to about\n$40,000. Early in 2008 AHRMA membe...