GRAND JUNCTION, Colo.,
Aug. 3, 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 the signing of the
City of New Hampton, Iowa.
New Hampton becomes the first
municipality to adopt ProStar's PointMan® cloud and
mobile solution as its primary system of record (SOR) to manage its
critical infrastructure.
"ProStar's solution was chosen for many key reasons,
including the fact it is very affordable, easy to use, and provides
exactly what we need to help manage our critical
infrastructure," stated Casey
Mai, Public Works Director, City
of New Hampton. "We have been looking for a system to
replace our current asset management solution for some time as it
was becoming cumbersome and difficult to maintain, and PointMan Pro
met all of ours requirements."
According to the 2010 U.S. Census, there are approximately
35,000 municipalities with a population of less than 10,000. This
represents a tremendous opportunity for ProStar, as a large number
of these municipalities do not have a comprehensive SOR for
capturing, recording, and managing their critical infrastructure.
ProStar's solution is designed to enhance the workflow processes
and business practices of stakeholders that own, construct, manage,
or maintain critical infrastructure, including municipalities.
Page Tucker, President and CEO of
ProStar, stated today: "Signing our first municipality is a huge
milestone for us as we are not only moving into another major
market sector with tremendous growth potential, we are also
demonstrating that we have developed a best in class and affordable
solution for managing critical infrastructure for stakeholders at
every level including, construction companies, engineering &
surveying firms, government agencies, and now
municipalities."
About the City of New
Hampton:
New Hampton
was founded in 1855, is the county seat for Chickasaw, Iowa and is a proud member of the
Main Street Iowa Community program. Main Street communities
capitalize on the unique identity, assets, and character of their
historic commercial districts. New Hampton is known for its
quality of life, beautiful parks, and active economic
development. As of the 2010 Census, the City of New Hampton had a population of just
over 3,500.
About ProStar:
ProStar is a world leader in
Precision Mapping Solutions and is creating a digital world by
leveraging the most modern GPS, cloud, and mobile technologies.
ProStar is a software development company specializing in
developing patented cloud and mobile precision mapping solutions
focused on the critical infrastructure industry. ProStar's flagship
product, PointMan, is designed to significantly improve the
workflow processes and business practices associated with the
lifecycle management of critical infrastructure assets both above
and below the Earth's surface.
ProStar's PointMan is offered as a Software as a Service (SaaS)
and seamlessly connects the field with the office and provides the
ability to precisely capture, record, display, and manage critical
infrastructure, 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. 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
970-822-4792
Investorrelations@prostarcorp.com
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