Housing Authorities Risk Retention Pool (HARRP) Offers Safe-T-element to its Members And applies for a $750,000 grant from the Department of Homeland Security
VANCOUVER, WA, June 16 /CNW/ - Pioneering Technology Corp. of Mississauga, Ontario (TSX-V: PTE), ("Pioneering") announced today that the Housing Authorities Risk Retention Pool ("HARRP") has endorsed the Safe-T-element for use by its Housing Authority members. HARRP has partnered with Pioneering to provide a bulk rate purchasing coalition which it will promote to the members of its pool.
In addition, HARRP has applied for a $750,000 Federal Emergency Management (FEMA) Fire Prevention and Safety Grant through the Department of Homeland Security (DHS) to further support this program.
HARRP is a U.S. Department of Housing and Urban Development (HUD) approved insurance entity. HARRP is a self-insured liability program that provides property and casualty coverage for over 90 Public Housing Authorities and administers claims in-house. Approximately 47,000 owned housing units and 150,000 Section 8 housing units have coverage through the pool. The total value insured under the program is approximately $5 billion. The member housing authorities are in Washington, Oregon, Nevada and California.
A recent News Bulletin sent out by HARRP Executive Director William Gregory, to all pool members stated, "This innovative product provides a level of protection from stove top fires unprecedented from all other products reviewed by HARRP. Stovetop fires are the leading cause of fire loss to members of HARRP and the Safe-T-element technology will help prevent these fires from happening".
The News Bulletin goes on to say, "This fire prevention product pays for itself in the reduction of fire risk, but goes much further in saving Authorities precious funds. The Safe-T-element's functional life span is greatly enhanced over traditional burners. Safe-T-elements use a fraction of the energy necessary for conventional heat coil designs".
In HARRP's submission for funding from DHS they state a long term goal of equipping 40,000 of their apartment units with the Safe-T-element technology.
About Pioneering Technology Corp. & the Safe-T-element(R) (STE) cooking ----------------------------------------------------------------------- system ------
Pioneering is an "Energy Smart" product innovation company based in Mississauga, Ontario, that engineers and brings to market energy smart solutions for consumer products making them safer, smarter and/or more efficient. The patented Safe-T-element cooking system was engineered to help prevent stove top cooking fires, the number one cause of fire in North America, and to reduce the amount of electricity required to cook. The Safe-T-element cooking system is available as both a retrofit and pre-installed on new stoves. For more information visit: www.safetelement.com. Pioneering trademarks include Safe-T-element(R), Powergrill(TM), Battery Eliminator(R), Safe-T-Sensor(TM), Powerpak(TM) and the Hydro-free Furnace Fan(TM). For more information visit: www.pioneeringtech.com.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to 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 neither approved nor disapproved the contents of this press release.