SAN FRANCISCO, Nov. 22, 2017 (GLOBE NEWSWIRE) -- A company that has products that prevent home cooking fires has one analyst calling it an "undervalued and underfollowed play on new safety requirements."
Included in this article is: Pioneering Technology Corp. (TSX-V:PTE)
As families and friends gather to celebrate Thanksgiving this year, remember to exercise caution when cooking because Thanksgiving is the most dangerous day for cooking fires, followed by the day before Thanksgiving, Christmas and Easter, according to the National Fire Protection Association (NFPA). While cooking fire is always a risk, it is especially so during the holidays.
Pioneering Technology Corp. (PTE:TSX.V) is working to solve the issue of cooking fires. It owns disruptive technology and products that are designed to help stop cooking fires from happening in the first place. Since 2008, its patented temperature limiting control technology has been installed in more than 250,000 households across North America without a single cooking fire being reported. From 2013 through 2016, Pioneering Technology has had a compound annual growth rate of 69%.
Analyst Russell Stanley with Echelon Wealth Partners, in an Oct. 4 report, stated that the firm continues "to view PTE as an undervalued, underfollowed play on new safety requirements that should drive strong demand growth for the company's cooking fire prevention products."
Continue reading this article: Home Cooking Fires Four Times More Likely on Thanksgiving, But This 'Undervalued' Company Aims to End That
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DISCLOSURE:
The following company mentioned in this article is not a sponsor of Streetwise Reports: Pioneering Technology. Streetwise Reports does not accept stock in exchange for its services.
The full disclosure is provided at the end of the published article: Home Cooking Fires Four Times More Likely on Thanksgiving, But This 'Undervalued' Company Aims to End That