PIONEERING TECHNOLOGY INC. (TSX VENTURE: PIO) has been advised that its product Safe-T-element™, engineered to help prevent stovetop cooking fires, is being submitted, to date, by over forty-six private and public not-for-profit institutions for 2006/07 grant funding.
The U.S. Department of Homeland Security posted Monday on the Assistance to Firefighters Grants (AFG) Program Website the FY06 Fire Prevention and Safety Grants application. The application period began Monday, December 4, 2006, at 8:00 a.m. Eastern Standard Time. Applications for these grants must be received by January 12, 2007, at 5:00 p.m. Eastern Standard Time.
Kevin Callahan, CEO of Pioneering Technology said, "We are very proud of the difference this product can make for high risk populations and believe that Safe-T-element™ is perfectly suited to meet the needs of this program as do the many high-profile institutions applying for these grants. Safe-T-element™, unlike any other product available today was engineered to prevent cooking fires (the #1 cause of household fires) before they start."
The Fire Prevention and Safety Grants (FP&S) are part of the Assistance to Firefighters Grants (AFG). FP&S grants support projects that enhance the safety of the public and firefighters from fire and related hazards. The primary goal is to target high-risk populations and mitigate high incidences of death and injury. The US Congress has appropriated a total of $539,550,000 to carry out the activities of the AFG Program. The governing statute includes a requirement that no less than five percent of the appropriated funds support fire prevention activities. As such, no less than $27,000,000 of the appropriation has been reserved for the Fire Prevention and Safety Grants. The grants under FP&S will be awarded on a competitive basis and are administered by the Department of Homeland Security in cooperation with the U.S. Fire Administration.
Callahan went on to say, "The level of interest in Safe-T-element™ continues to grow and while the grants represent a huge opportunity for this product in 2007 and beyond, our primary business development efforts as we role this product out to the US are starting to deliver month over month sales increases. We are currently having success adding new dealers, attracting new customers and most importantly converting these customers into volume purchasers, advocates and product champions."
About Pioneering Technology Inc.
Pioneering is an "Energy Smart" product innovation company based in Mississauga, Ont., that creates platform and derivative technologies that manage, control and transform heat into useful forms of energy. Pioneering engineers and brings to market these energy smart solutions for consumer products making them safer, smarter and/or more efficient. For more information visit: www.pioneeringtech.com and/or www.safetelement.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 not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
Contacts: Pioneering Technology Inc. Kevin R. Callahan President and CEO (905) 712-2061
Pioneering Technology Inc. David Speck Investor Relations (416) 368-8464 Website: www.pioneeringtech.com and/or www.safetelement.com
SOURCE: Pioneering Technology Inc.