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Pioneering Technologies (TSXV:PTE) has announced the completion of its largest single purchase to date. As quoted in the press release: This purchase was for approximately 20,000 4-burner SmartBurner kits (or 80,000 single SmartBurners) to equip approximately 36,000 hotel rooms in 300 hotel properties. This is a repeat purchase from an undisclosed hotel chain and one …
Pioneering Technologies (TSXV:PTE) has announced the completion of its largest single purchase to date.
As quoted in the press release:
This purchase was for approximately 20,000 4-burner SmartBurner kits (or 80,000 single SmartBurners) to equip approximately 36,000 hotel rooms in 300 hotel properties.
This is a repeat purchase from an undisclosed hotel chain and one of North America’s largest owner/operators of company branded suite style hotel rooms that include fully equipped kitchens. This recent order was fulfilled in three stages to meet this customer’s regional delivery requirements (product was shipped in June of Q3, September of Q4 and the balance will be delivered October 5th).
This hotel chain has now ordered and installed SmartBurner in approximately 74,000 hotel rooms in more than 600 of its hotel properties.
Pioneering CEO Kevin Callahan said, “We continue to make significant inroads with our product solutions in this very large channel. This recent order confirms the success we are having in helping prevent cooking fires in this channel. Nothing says success like large repeat orders from large existing customers.”
The hotel/motel and corporate housing segment with fully equipped kitchens is large, growing and a natural channel for Pioneering’s cooking fire prevention solutions. These channels represent a significant multi-million-dollar opportunity for the Company and its distribution partners while helping property owners and managers to save lives, property and money; and deliver a significant return on investment.
