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ProStar Holdings Inc. ("ProStar ® " or the "the Company") (OTCQX: MAPPF) (TSXV: MAPS) (FSE: 5D00), a world leader in Precision Mapping Solutions, is pleased to announce that Grinnell College has selected ProStar's solution, PointMan®, to improve the management and maintenance of its critical infrastructure on its over 150-year-old, 120-acre campus.
"Grinnell College is located on 120 acres with miles of buried telecom infrastructure critical to operations. To protect and maintain our expanding and valued buried infrastructure, we realized the need for precise maps and accurate locates. We selected ProStar's PointMan platform from our search for a GIS mapping platform that was easy to adopt, met our precision requirements for reference and locating needs, and flexibility for future GIS needs," said David Ellis, Director of Network Services, Grinnell College.
Founded in 1846, Grinnell College is one of the top-ranked residential liberal arts and sciences colleges. Located in Grinnell Iowa, Grinnell College is home to about 1,700 students committed to contributing to the common good that embraces intellectual journeys of all kinds and follows their passions across the world.
"The adoption of PointMan by Grinnell College is once again validation of the value that ProStar provides to entities that span Fortune 500 firms, government agencies, engineering surveying firms, municipalities, and colleges," stated Page Tucker, CEO, and Founder of ProStar. "Not knowing the precise location of underground infrastructure is becoming a growing concern. After all, it is not only a major risk to the safety of the public, the environment but also students and facility members on campuses which are small cities."
About Grinnell College:
Grinnell College, a private liberal arts college in Iowa founded in 1846, provides individually advised learning for intellectually engaged students to produce graduates who are prepared to navigate the world's complexities and responsibly contribute to the common good. Grinnell enrolls 1,700 students from around the world, who earn B.A. degrees in a range of disciplines across the humanities, arts, and sciences. Grinnell's rigorous academic program and campus life emphasize excellence in education through free inquiry and the open exchange of ideas, a diverse community and social responsibility and action. More information about Grinnell College is available at www.grinnell.edu .
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:
Alex Moore,
Investor Relations
970-822-4792
Investorrelations@prostarcorp.com
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Forward-Looking Statements
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. Such statements include, without limitation, statements with respect to the Company's expected use of proceeds from the Offering and other forward-looking information. 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; the Company's inability to apply the proceeds of the Offering as anticipated by management; 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 .
The forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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