MISSISSAUGA, ON, Jan. 13, 2012 /CNW/ - Pioneering Technology Corp.
("Pioneering" or "the Corporation") (TSX Venture: PTE), an energy smart
product innovation and consumer goods company, is pleased to announce
the recent appointment of Dan MacDonald as Chief Operating Officer and
Tom Stilo as Vice President of Engineering and Manufacturing.
Mr. MacDonald's 20 plus years of experience in leading both technology
and consumer goods businesses through periods of growth and transition
has equipped him with the skill set to help lead Pioneering in its next
phase of development. Mr. MacDonald's specific knowledge of technology
businesses, product development, finance, sales, marketing and branding
will be valuable assets as he joins the Pioneering management team in
guiding the strategic direction and future growth of the business and
its transition to retail markets.
Mr. Stilo's experience in managing the design, development and
commercialization of product innovation in a number of different
product categories all over the world will help Pioneering in its
efforts to bring a number of its new product development projects to
market and in taking existing products to the retail market.
Pioneering CEO Kevin Callahan said of the appointments, "We are very
pleased to have executives of Dan and Tom's calibre and breadth of
business experience join the Company at this very important stage in
its development. In addition to overseeing the Company's day to day
operations, Dan's experience in retail sales and marketing will be
invaluable as Pioneering works towards introducing some of its products
to the retail market with Tom leading our ongoing product development
and commercialization efforts."
Mr. MacDonald was most recently VP Sales/Country Manager for Kodak
Canada, where he led Kodak Canada's industry transition from analog to
digital imaging. Mr. MacDonald was also the VP General Manager for the
Toronto office of TMP Worldwide, a global direct marketing and
advertising business, where he led the transition from a print based
media sales company to an Internet Advertising, Search Engine and
on-line strategy driven business. Prior to that Mr. MacDonald spent 13
years in the consumer packaged goods industry with Pillsbury, Maple
Leaf and Kraft General Foods. Mr. MacDonald holds a BA from the
University of Western Ontario and an MBA from the University of
Mr. Stilo is a professional engineer with over 20 years of research and
design experience and has led the engineering and R&D departments for a
number of different equipment manufacturers. Mr. Stilo has led the
development of new technology for the protection & control of
generators, transformers and the grid; systems for fighter jets,
guidance systems for satellites and other consumer and software
products; and automotive technologies to reduce fuel consumption for
hybrid and full-electric vehicle drives. Mr. Stilo has a B.Eng degree
in electrical engineering from Ryerson University and also holds a
Project Management Professional designation.
Mr. Peter Knee, previously Pioneering's COO and CFO is leaving the
company to pursue other interests. The Company thanks Peter for his
contribution to Pioneering. Pioneering CEO Kevin Callahan will assume
CFO responsibilities in the interim, while the Company works towards
signing a seasoned part time CFO.
In connection with the above noted appointments and compensation for
directors and management consultants, the Company will grant options to
acquire 900,000 common shares of the Company at a price of $0.25 per
share. The options have a five year term, the majority of which are
subject to vesting periods over the next 2 years.
About Pioneering Technology Corporation:
Pioneering is an "Energy Smart" product innovation company based in Mississauga, Ontario, that
engineers and brings to market energy smart solutions for consumer
products making them safer, smarter and/or more efficient. The
patented Safe-T-element® cooking system is engineered to help prevent
stove top cooking fires, the number one cause of fire in North America,
and to reduce the amount of electricity required to cook. The patent
pending Safe-T-sensor is designed to detect burning conditions in
microwave ovens shutting it off before it causes a fire or triggers a
fire alarm. Pioneering trademarks include Safe-T-element®,
Safe-T-Sensor™, Powergrill™, Battery Eliminator®, Powerpak™ and the
Hydro-free Furnace Fan™. For more information visit: www.pioneeringtech.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
SOURCE Pioneering Technology Corp.
For further information:
Kevin Callahan, President & CEO at (905) 712-2061 ext. 222.