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U.S. Insurer for Multifamily & Affordable Housing to Provide Annual Premium Discounts for Installation of Pioneering's SmartBurner™

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U.S. Insurer for Multifamily & Affordable Housing to Provide Annual Premium Discounts for Installation of Pioneering's SmartBurner™

Canada NewsWire

  • Millers Mutual to provide a 5 percent annual discount for customers that install SmartBurners
  • Millers Mutual now marketing this offering to its members

MISSISSAUGA, ON, July 23, 2018 /CNW/ - Pioneering Technology Corp. (TSXV:PTE) (OTC:PTEFF), ("Pioneering" or the "Company"), a technology company and North America's leader in cooking fire prevention technologies and products is pleased to announce a partnership with Millers Capital Insurance Company ("Millers Mutual"). Effective immediately, Millers Mutual will offer its customers that install or have previously installed SmartBurner in all apartment units of a building an annual 5 percent insurance premium discount. 

Pioneering Technology Corp. (CNW Group/Pioneering Technology Corp.)

Millers Mutual, based in Harrisburg, Pennsylvania, is a regional property and casualty insurer serving commercial policyholders in multifamily housing, affordable housing, and commercial real estate in Pennsylvania, Delaware, Maryland, Ohio, Virginia and Washington D.C., through a network of independent insurance agents.

"Partnering with Pioneering Technology in this way is consistent with Millers Mutual's commitment to securing high-quality and valuable non-insurance, niche-specific products and services for our customers at a lower-than-market cost," said Sharrod Parker, Risk Services Leader. "These products are proactive risk management tools meant to benefit our customers on a day-to-day basis."

Pioneering CEO Kevin Callahan said, "Partnering with progressive insurers like Millers Mutual is a strategic focus for our Company. Millers is the third N.A. multifamily housing insurance provider to offer premium discounts to their customers who install our SmartBurner product and we are currently working on other partnerships. Together with marketing relationships we have created within the N.A. brokerage community we are helping bring even more value to our customers by accelerating the time to payback and their return on investment."

According to the National Fire Protection Association statistics, cooking fires are responsible for 74% of multi-family housing fires annually and also the leading cause of cooking fire related injuries. Pioneering's product solutions including its best-selling SmartBurner with patented temperature limiting control™ (TLC) technology helps prevent cooking fires before they start.

About Pioneering Technology Corp.: Pioneering Technology is an "energy smart" technology company and North America's leader in innovative cooking fire prevention technologies and products. Our mission is simple: To help save lives and property from the number one cause of household fire – cooking fires. We do this by engineering and bringing to market energy-smart solutions that make consumer appliances safer, smarter, and more efficient. Our patented cooking-fire prevention products address the multi-billion-dollar problem of cooking fires. According to the National Fire Protection Association, stovetop cooking is the number one cause of household fire and fire injuries in North America. Pioneering's patented temperature limiting control (TLC) technology is now installed in over 250,000 multi-residential housing units across North America without a single cooking fire being reported, delivering peace of mind and a solid return on investment for its customers. Pioneering's proprietary cooking fire prevention solutions include Safe-T-element, SmartBurner, SmartRange, RangeMinder & Safe-T-sensor and are suitable for the majority of the more than 140 million stoves/ranges and over 140 million microwave ovens in use throughout North America. 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 

SOURCE Pioneering Technology Corp.

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