Pioneering Technology Inc.: Region of Waterloo Receives Incentive from Local Electricity Distribution Company for Safe-T-element® Installation Program
Power Companies are now recognizing the
MISSISSAUGA, ONTARIO–( EMWNews – March 31, 2008) – Pioneering Technology Inc. of Mississauga, Ontario (TSX VENTURE:PIO), (“Pioneering”) was recently informed that the Region of Waterloo received an energy efficiency subsidy from Cambridge and North Dumfries Hydro Inc. (“Cambridge Hydro”) for the purchase and installation of 249 sets of Safe-T-elements in six seniors buildings in Cambridge, Ontario as a means for saving energy.
The Safe-T-element® cooking technology was researched and tested thoroughly by the Region of Waterloo for both its fire safety and energy saving benefits. Energy efficiency testing by the Region concluded a savings of 26 per cent and as a result the product is now included as part of the Region’s Corporate Energy Program.
According to Brian Bechtel, Corporate Energy Specialist with the Region of Waterloo, “this project reinforces our commitment to implementing best practices to improve energy performance in the Region. Our stovetop element replacement conversion projects in Regional Housing units are a good example of the many projects we are currently implementing as part of our Corporate Energy Program.”
John Grotheer, President & CEO of Cambridge and North Dumfries Hydro Inc. noted the local utility “is committed to delivering energy conservation education, tools and programs to help residents and businesses in our communities save energy for a brighter future. Participation in the Safe-T-element projects was a perfect fit under our umbrella of programs.”
Pioneering CEO Kevin Callahan said, “Once again the Region of Waterloo has proven to be a leader in energy conservation, sustainability and environmental protection. Together with Cambridge and North Dumfries Hydro, they are paving the way for other electrical distribution companies to provide energy efficiency incentives to community housing providers across the province in their efforts to go green and protect the tenants they house.”
The Region of Waterloo has approximately 2,590 units of housing in its portfolio. There are over 250,000 social housing units in the province of Ontario.
About Safe-T-element®and Pioneering Technology Inc.
Safe-T-element® is a patented cooking system engineered to prevent stove top cooking fires, the number one cause of household fire in North America, and reduce the amount of electricity required to cook. Pioneering is an “Energy Smart” product innovation company based in Mississauga, Ontario. Pioneering engineers and brings to market innovative solutions for everyday products making them safer, smarter and/or more efficient. For more information visit: 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 neither approved nor disapproved the contents of this press release.
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