GRAND JUNCTION, Colo.,
June 24, 2021 /CNW/ -- ProStar
Holdings Inc. ("ProStar®" or the "the Company") (TSXV:
MAPS) (FSE: 5D00), a world leader in Precision Mapping
Solutions®, is pleased to announce that Canadian Patent
No. 3,034,837, prepared and prosecuted by Lewis Roca
Rothgerber Christie LLP, one of the
United States leading intellectual property law firms, has
been granted to ProStar®. The patent is a pioneer
patent and directed to mobile devices used for the data
collection processes that capture information about utility assets,
create data records, and transmit the information to the cloud from
the mobile device. The patented device and method provide
critical utility asset data in a more timely and efficient manner
which helps to prevent damages to utilities and the environment
during infrastructure construction, repair, and groundbreaking
activities.
"ProStar is a pioneer in precision utility locating,
precision utility mapping, as well as digital management and
distribution of utility information," said Raymond R. Tabandeh, the LRRC partner who
prosecuted the patent. "This is ProStar's 20th
issued patent and further buttresses ProStar's extensive U.S. and
Canadian patent portfolio," added Tabandeh.
ProStar's issued patent covers the system and methods for
generating a precise location of a buried utility, as well as
displaying the information and sharing the information in real
time. The patent is comprehensive and includes information about
the topography of a region and the utilities located within the
region. The patented method and system covers critical information
that is required, including providing information about the
topography of the region; receiving information about a user
collecting data related to one or more utilities in the region;
receiving information about time and date of the collected data;
receiving information about each of the utilities; receiving
information about the location of each of the utilities; receiving
information about the manner of collecting data; receiving
information about revisions made to the information about the map;
and integrating the received information with the information about
the topography of the region into a geospatial data transaction.
The information may then be displayed with reference to imagery of
the area in real-time.
ProStar's Chief Executive Officer and a coinventor of the issued
patent, Page Tucker, stated, "It
is a major milestone to have been issued our
20th patent. Not only does this
issuance validate that we are the pioneer in utility mapping, but
this issuance also puts us in a strong position supported by a very
extensive IP portfolio to start prosecuting any patent
infringements."
About Lewis Roca Rothgerber Christie LLP
Ranked in the Top 50 Patent Firms in the U.S. by Juristat,
Lewis Roca Rothgerber Christie's
patent attorneys have an undergraduate degree in science or
engineering, and many of the attorneys have graduate degrees,
enabling them to have a deeper understanding of clients'
technology. Lewis Roca Rothgerber
Christie serves clients along the full spectrum of
disciplines mathematics, chemistry, physics, computer science,
electrical engineering, even naval architecture. Extensive patent
services include: Patent Prosecution, Patent Litigation, Design
Patents, International Patent Protection, Patent Opinions &
Evaluations, Prior Art Searches & Evaluations, and PTAB
Proceedings.
About ProStar® (TSXV: MAPS) (FSE: 5D00)
ProStar® is a world leader in Precision Mapping Solutions®.
ProStar's flagship product, PointMan®, is natively cloud and mobile
and is offered as a Software as a Service (SaaS). ProStar's
solutions seamlessly connect the field with the office and provides
the ability to precisely capture, record, display, and manage
critical infrastructure data in real-time, including roads,
railways, pipelines, and utilities. Some of the largest entities in
North America have adopted
ProStar's solutions, including Fortune 500 construction firms,
subsurface utilities engineering (SUE) firms, utility owners, and
government agencies.
ProStar has strategic business partnerships are with the world's
leading geospatial technology providers, data collection equipment
manufacturers and their dealer networks, including
Trimble®, Juniper® Systems, Bad Elf,
Vivax-Metrotech, Radiodetection®, and
Subsite® Electronics.
The Company has made a significant investment in creating a vast
intellectual property portfolio that includes 20 issued patents in
the United States and Canada, with more pending. The patents protect
the methods and systems required to digitally capture, record,
organize, manage, distribute, and display the precise location of
critical infrastructure including buried utilities and
pipelines.
ProStar's Executive management team has extensive experience in
the management of both early stage and Fortune 500 technology
companies in the private and public sectors. The leadership team
includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua, previous Chief Information Officer
of HSBC Canada and Europe, and
Matthew Breman, prior Executive for
Disney.
For more information about ProStar, please visit:
www.prostarcorp.com.
Contact
Alex Moore
Investor Relations Support
investorrelations@prostarcorp.com
970-242-4024
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains forward-looking information within
the meaning of Canadian securities laws. Such information includes,
without limitation, information regarding the terms and conditions
of the Company's future plans. Although the Company believes that
such information is reasonable, it can give no assurance that such
expectations will prove to be correct.
Forward-looking information is typically identified by words
such as: "believe", "expect", "anticipate", "intend", "estimate",
"postulate" and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking information provided by the Company is not a
guarantee of future results or performance, and that actual results
may differ materially from those in forward-looking information as
a result of various factors, including, but not limited to: the
state of the financial markets for the Company's securities; the
state of the technology sector; recent market volatility; the
COVID-19 pandemic; the Company's ability to raise the necessary
capital or to be fully able to implement its business strategies;
and other risks and factors that the Company is unaware of at this
time. The reader is referred to the Company's recent Information
Circular filed on SEDAR on November 20,
2020 for a more complete discussion of applicable risk
factors and their potential effects, copies of which may be
accessed through the Company's issuer page on SEDAR
at www.sedar.com.
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SOURCE ProStar Corp