Business
U.S. Property Management Firm Begins Roll-out of Pioneering's SmartBurner Across its Apartment Portfolio
Phase 1 - 2,650 units shipped and currently being installed. Phase 2 - scheduled for...
About this update from Pioneering Technology Corp.
[{"type":"text","content":"U.S. Property Management Firm Begins Roll-out of Pioneering's SmartBurner Across its Apartment Portfolio\n Phase 1 - 2,650 units shipped and currently being installed.\n Phase 2 - scheduled for early 2017\n\nMISSISSAUGA, ON / ACCESSWIRE / October 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 a SmartBurner purchase and installation program with a medium sized U.S. property management firm to equip the apartment units in their housing portfolio.\nThis purchaser is a full service property management firm with over 250 apartment communities (in excess of 10,000 apartment units) throughout North Carolina, South Carolina, Virginia, West Virginia and Tennessee. The company is subsidized as part of the Rural Development or Department of Housing and Urban Development programs and is committed to developing LEED (Leadership in Energy and Environmental Design) certified apartment communities. The purchase is being recognized by the firm's insurer.\nThe decision to proceed with this program was made after the completion of a one-year test at one of the firm's buildings. As a result of this successful test, phase one of the rollout for the first 2,650 units have been shipped and are in the process of being installed. Phase two of the rollout is scheduled for early 2017.\nAccording to the National Multifamily Housing Council in Washington DC, the top 50 Largest Apartment Managers represent over 3 million housing units in the United States (the smallest apartment management company on this list has 28,000 units under management). Pioneering is already working with some of these companies.\nPioneering CEO Kevin Callahan said, \"The multifamily housing market in North America has been a large and growing channel opportunity for our products. Adoption of the SmartBurner in this channel since being launched has been significant. Recent partnerships with three of the largest supply partners to this channel is helping accelerate this adoption and growth.\"\nAccording to the National Fire Protection Association, cooking equipment is the number one cause of household fire in the U.S. involved in nearly half (48%) of all fires resulting in loss of property, inj...