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Pioneering Technology Reports Record Financial Results for 2017 Fiscal Year

Investor Communication

MISSISSAUGA, Ontario, Jan. 18, 2018 (GLOBE NEWSWIRE) — Pioneering Technology Corp. (TSXV:PTE) (“Pioneering” or the “Company”), a technology company and North America’s leader in cooking fire prevention technologies and products, is pleased to report its audited 2017 financial results and some business highlights for the fiscal year ended September 30, 2017. Pioneering’s audited financial statements and MD&A are available on SEDAR (www.sedar.com).

The Company continues to grow and enjoyed its best year to date, meeting all of its 2017 stated objectives and surpassing its topline guidance forecast of 50% revenue growth for the third year in a row, achieving new annual highs in revenue, gross profit and adjusted EBITDA.

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