The Conversation (0)
ProStar Holdings Inc. ("ProStar ® " or "the Company") (OTCQX: MAPPF) (TSXV: MAPS) (FSE: 5D00), a world leader in Precision Mapping Solutions ® is pleased to announce that Landmark EPC, after a detailed analysis of available solutions, will utilize ProStar's PointMan to precisely map buried infrastructure of the City of Boulder including the city's Sewer and Service systems.
"The current process of locating sewer mains and service systems and just placing a paint mark on the ground is dated and it can lead to costly damages, delays, and utility service disruptions, all of which was happening in Boulder during the expansion of the City's fiber-optic infrastructure", stated Skip McIntosh, Co-founder of Landmark SUE Services. "ProStar's PointMan precision mapping solution means we can now locate, mark and map critical underground infrastructure in the proposed right-of-way for the fiber loop. This technology means we can eliminate costly damages often incurred to the sewer mains and service systems during fiber installation. Typically, it is up to the utility contractor who is placing the fiber lines to locate sewer and other services in the right-of-way, which was nearly impossible. We can now address these issues that have plagued this industry for decades."
Landmark EPC serves many different industries, including utility, construction, excavation, and Federal and State agencies. Landmark provides a full line of utility location services that focus on avoiding costly damages associated with not knowing the precise location of existing buried utilities during construction activities. Landmark is changing standard locating practices by implementing the Vivax RTK Pro electromagnetic cable and pipe locating devices with ProStar's PointMan cloud and mobile solution to collect centimeter location data of buried utilities and managing the data in real-time in the cloud. The adoption of ProStar's PointMan cloud and mobile solution has proven to add significant value to their services and deliverables. Landmark prides itself on leading the SUE and utility locating industry in creating best practices and firmly believes the adoption of PointMan is going to help them continue to do that.
"Not having accurate and timely information about the location of buried infrastructure is a growing concern with serious ramifications," said Page Tucker, CEO and Founder of ProStar. "With the passing of the infrastructure bill and the Federal Government's plans to repair and replace our nation's dilapidated water and sewer systems and to expand our broadband network, not knowing where existing utilities are buried will be very disruptive and extremely costly due to damages caused by the proposed construction. It is great to see forward-thinking firms like Landmark being proactive and adopting PointMan to replace old and ineffective business practices to address these growing concerns."
"As we continue to see companies like Landmark EPC adopt PointMan, it provides further validation of our ability to address the needs of the estimated $1.2 billion Underground Utility Locating Market in the U.S.", continues Page Tucker. "Landmark EPC is another example of how ProStar's solution is changing an industry and providing significant value to a wide span of clients from Fortune 500 firms, government agencies, municipalities and engineering firms of all sizes."
About Landmark EPC:
Landmark's Subsurface Utility Engineering (SUE) Services provides customers with state-of-the-art utility designating services designed to establish as-built site conditions, greatly enhancing project safety and minimizing expensive project delays and change orders. Landmark uses state-of-the-art geophysical sensing equipment to identify, designate/locate, mark, map, and survey existing utility infrastructure. Landmark recognizes that every project site is different, so they provide the right suite of equipment to the project site, including magnetic, sonic, and acoustic technologies; ground-penetrating radar; and radio frequency detection.
Landmark's management experience dates to the origins of SUE. Landmark engineers, surveyors, and technicians have developed a step-by-step quality process solution to meet SUE quality levels. Please visit: www.landmarkepc.com
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 with the world's leading geospatial technology providers, data collection equipment manufacturers, and their dealer networks.
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.
For more information about ProStar, please visit www.prostarcorp.com .
Contact:
Joel Sutherland
Investor Relations
970-822-4792
Investorrelations@prostarcorp.com
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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 .
