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- ProStar Holdings Inc ("ProStar ® " or the "Company") (TSXV: MAPS) (FSE: 5D00), a world leader in Precision Mapping Solutions ® , and developer of PointMan ® announced today that Kraemer ® North America a top-ranked U.S. national heavy civil contractor with operations throughout the U.S., has signed a service-level agreement (SLA) for ProStar's newest cloud and mobile Precision Mapping Solution, PointMan Pro.
"PointMan Pro is just a better way to do data collection and reduce risks and liabilities associated with the construction of our critical infrastructure projects," said Dustin Kelsey, Project Manager at Kraemer. "I can see other infrastructure construction firms, both large and small, following in our footsteps and adopting PointMan."
Kraemer North America becomes the first major U.S. infrastructure construction firm to adopt ProStar's newest solution, PointMan Pro, which was released in March following over two years of development. Kraemer North America business operations span coast to coast, and the firm serves three primary infrastructure markets, including transportation, rail, and marine.
"This is another major milestone for ProStar as Kraemer is the first major construction company to adopt our newest solution," stated Page Tucker , CEO and founder of ProStar. "The adoption of PointMan Pro by Kraemer proves that PointMan can replace onerous and antiquated business practices that have been well entrenched by the construction industry for several decades."
About Kraemer ®
Kraemer North America is a privately held general contractor headquartered in Plain, Wisconsin with regional offices located in Minnesota , Colorado , Washington , and Utah . Established in 1911, the company's roots were founded in the construction of challenging bridges and highways across the U.S. Today, Kraemer is a full service heavy civil contractor with a national reputation for quality and safety. Kraemer serves three primary markets, including: transportation, rail, and marine.
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 19 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 .
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 .
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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SOURCE ProStar Corp
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