MISSISSAUGA, ON, Feb. 25, 2020 /CNW/ - Pioneering Technology
Corp. ("Pioneering" or the "Company") (TSXV: PTE), a
technology company and North
America's leader in cooking fire prevention technologies and
products, is pleased to announce that Tim
Mulroney has joined the Company as its Vice President of
Sales.
Tim brings with him an impressive track record in sales and
sales leadership. He has more than 18 years of team
leadership experience, including 12 years leading direct sales for
North America. Most recently, Tim spent seven years at
Siamons International, a metal mold and die castings manufacturer,
as their Senior Vice President, Global Sales. Like
Pioneering, Siamons generates a significant amount of sales in the
U.S., operates in a niche space, and focuses on the B2B market
leveraging relationships with key distributors and broker partners.
In seven years at Siamons, Tim was responsible for significant
increases in sales. Prior to that, Tim spent more than 20
years with S.C. Johnson, a cleaning and household products company,
where he held progressively more senior account management, sales
management and customer marketing roles, culminating with the role
of Vice President of Sales, leading a team of 65 sale professionals
that generated hundreds of millions of dollars of sales. Tim has a
Bachelor of Science from Queen's University in Kingston and is a graduate of the Marketing
Management Program at the University of
Western Ontario in London.
John Bergsma, Chair of the Board
of Directors, said: "Having Tim join Pioneering's management team
is very energizing. The selection process was very thorough,
and we believe that Tim was an excellent choice. The Board has
confidence that he brings the necessary skills and experience that
can help deliver the sales results we have long believed this
company is capable of achieving."
Kevin Callahan, Chief Executive
Officer, said: "We are very excited to have Tim on board and
believe that he has the right mix of skill, proven results, and
attitude. Now that Pioneering has a seasoned professional
leading our sales team, we can focus on returning the company to
profitability in the short term and hitting our 3-year strategic
goals."
The Company also announced that it has granted an aggregate of
2,900,000 stock options to directors and officers of the Company,
including Mr. Mulroney. The stock options are exercisable into
common shares of the Company for a period of five years and will
have an exercise price equal to the greater of (i) the closing
price of Pioneering's shares on the TSXV on the second trading day
following the filing of Pioneering's financial statements and
MD&A for the quarter ended December 31,
2019 and (ii) $0.05.
These options have been granted pursuant to the Company's
Stock Option Plan, some of which are subject to vesting
requirements.
About Pioneering Technology Corp: Pioneering, based
in Mississauga, Ontario 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
temperature limiting control (TLC) technology is now installed in
over 300,000 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, 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 info, go to www.pioneeringtech.com.
Forward Looking Statements
The statements made in this press release include
forward-looking statements that involve a number of risks and
uncertainties. These statements relate to future events or future
performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements, such as the economy, generally, competition in
Pioneering's target markets, the demand for Pioneering's products,
the availability of funding and the efficacy of Pioneering's
technology and governmental regulation. These forward-looking
statements are made as of the date hereof an, except as required by
applicable law, Pioneering does not assume any obligation to update
or revise them to reflect new events or circumstances. Actual
events or results could differ materially from Pioneering's
expectations and projections.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Pioneering Technology Corp.