Overview

Every year, inaccurate, unreliable, and incomplete information about subsurface infrastructure creates significant environmental, personal, and property damages. In 2019, the United States alone suffered over US$30 billion in societal costs due to damage to buried infrastructure globally. In the past two decades, the United States suffered 1,906 personal injuries and 421 needless deaths. In the face of the rising industry, government, and public insistence for precise underground location and mapping software, ProStar™ (TSXV:MAPS,OTCQB:MAPPF,OTCQX: MAPPF) is providing government agencies, infrastructure companies, and some of the world’s largest engineering firms precision subsurface and surface data for sectors like utility, oil and gas, construction, engineering, and surveying. With 19 issued patents, the ProStar system is compatible with virtually all mobile devices, GPS/GNSS receivers, and electromagnetic locators on the market.

ProStar captures, records, and visualizes survey-grade utility location data through cloud-based and mobile applications, a market estimated in 2019 as worth US$5.17 billion, growing by a compound annual growth rate (CAGR) of 6 percent. The same report states that by 2023, the global commercial utility locator market is expected to be worth US$7.5 billion.

ProStar’s on-demand, SaaS model, utility mapping solution dramatically streamlines internal operations for a growing number of companies in increasing numbers of industries. Increased industry and government recognition and acceptance of Prostar’s solution could not come at a better time – according to an analysis report released by the Common Ground Alliance (CGA), which analyzes damages to buried infrastructure throughout the US and Canada, environmental, property and human costs hit an all-time high in 2019. ProStar’s solution is a game changer on damage prevention through the use of its patented geospatial technologies, which includes the development of their patented Precision Mapping Solutions™ and flagship product, PointMan®.

ProStar’s cloud and mobile Precision Mapping Solutions™ immediately captures, records, and visualizes utility assets during planning, construction, and operational maintenance phases, which reduce costs and the odds of economic and environmental calamities.
With an increasing demand for reliable, new, and safe subsurface and surface utilities due to population growth and to replace decaying, unsafe historical infrastructure, the absolute best in location and mapping software is critical. In just the United States alone, hundreds of thousands of miles of fiber optic, water and gas and electrical lines are installed annually. And at the same time, over half a million infrastructural disruptions negatively impact the American economy and environment. ProStar’s accurate geospatial data collection and storage allows everyone to have accurate data, from field workers to COO’s and CEO’s

The core, multi-patented I.P. behind Prostar’s solution provides identification, capturing, mapping, storing, analysis, and visualization of underground utilities. ProStar’s key partnerships include companies with world-class expertise in mapping software and integration technologies, including Trimble Geospatial (NASDAQ:TRMB).

ProStar’s growing client list of Fortune 500 companies and local government agencies have attracted a significant Canadian investment/shareholder base in the Company and international investors from Europe, Asia, and the US. ProStar is currently being integrated into the engineering curriculums of several large, highly respected US universities.

ProStar has also partnered with multiple high-level hardware manufacturers of location tools to bring Prostar software into global markets. The Company has secured partnerships with tool manufacturers such as Radiodetection, Vivax-Metrotech, and Subsite. ProStar has a seasoned management and operational team with extensive experience in software development, DevOps, professional services, cloud computing, and customer success.

ProStar™ GeoCorp’s Company Highlights

• ProStar provides specialized solutions that bring to market state-of-the-art precision utility location and data software integrated on both cloud and mobile platforms.
• ProStar’s PointMan is a multi-patented software solution that captures, documents, and displays the precise location, pedigree, and geospatial intelligence of above and below ground utility assets.
• ProStar entered into a commercial partnership agreement with Condux InternationalPRISUM Technologies to create the most advanced installation and management services for the fiber optic and electric power industries.
• ProStar receives Canadian Patent No. 3,034,837 prepared and prosecuted by Lewis Roca Rothgerber Christie LLP
• WSB, a US-based design and consulting firm, signed a service-level agreement for ProStar’s cloud and mobile solution, PointMan®
• ProStar completed the integration of Subsite Electronics Pipe & Cable locators into the Company’s flagship application, PointMan®, allowing it to be used on iOS compliant devices.
• The City of New Hampton in Iowa 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

Get access to more exclusive Technology Investing Stock profiles here