Pioneering Technology Corp. Announces Annual Meeting Results

MISSISSAUGA, ON, March 27, 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 at its annual general and special meeting held on March 26, 2020 all resolutions were approved by the requisite shareholder vote.

All seven of the Company's incumbent directors, being Kevin Callahan, John Bergsma, David Dueck, Paul Harricks, Michael Kraft, Richard Adair and Meredith Appy, were re-elected. Shareholders also approved the re-appointment of RSM Canada LLP as the Company's auditors and an amendment to the Company's stock option plan to increase the number of common shares authorized for issuance thereunder to 11,208,349, being 20% of the total number of common shares currently outstanding.

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 information, go to www.pioneeringtech.com.

Forward Looking Statements

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.

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.

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