07:05:57 EDT Tue 14 May 2024
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Prostar Holdings Inc
Symbol MAPS
Shares Issued 129,117,924
Close 2024-02-26 C$ 0.175
Market Cap C$ 22,595,637
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Prostar Holdings to add PointMan to Topcon antennas

2024-02-26 15:41 ET - News Release

Mr. Joel Sutherland reports

PROSTAR AND TOPCON ANNOUNCE TECHNOLOGY INTEGRATION WITH POINTMAN

Prostar Holdings Inc. has arranged a technology integration with Topcon Corp. The integration combines Prostar's utility mapping software, PointMan, and Topcon's fixed and portable GNSS antennas. The technology integration provides Topcon users with a seamless and easy-to-use utility data collection solution to capture, record and display the precise location of critical underground infrastructure anywhere in the world.

"It's imperative from a strategic business relationship standpoint to forge collaborative partnerships with best-in-class solution providers, fostering symbiotic relationships across the situational awareness sector," said Scott Wielt, senior product manager, Topcon. "PointMan stands out unequivocally as a premier utility mapping solution that enhances our extensive suite of asset mapping and utility data collection solutions."

The technology integration of PointMan with Topcon GNSS receivers means that PointMan now supports Topcon Hiper VR highly versatile GNSS receivers for mobile devices running the Google Android operating system. The seamless integration empowers Topcon users with PointMan's unparalleled precision in subsurface utility mapping.

The completion of the integration with Topcon marks a major milestone for Prostar as it means PointMan is now integrated into every major utility detection hardware equipment manufacturer and is consistent with the company's strategy is to maximize the probability of market share dominance. Prostar's has now established strong strategic business partnerships with the world's leading equipment manufacturers of cable and pipe locate devices, ground penetrating radar, and GPS/GNSS receivers. These partnerships represent indirect global sales distribution channels in a variety of industry sectors. Further, it allows clients to leverage PointMan with legacy equipment with no additional investment required in hardware.

"We're thrilled about the collaboration with Topcon and their dynamic product development team," affirmed Page Tucker, chief executive officer of Prostar. "This partnership significantly enriches our worldwide distribution network, leveraging Topcon's esteemed reputation as a global frontrunner in delivering utility data collection solutions, precision GNSS receivers and machine control systems. By creating business partnerships with all of the major hardware manufacturers in the utility detection space, including electromagnetic utility locate devices, ground penetrating radar, as well as GPS/GNSS receivers, Prostar materially has positioned itself to dominate market share for utility mapping over the coming years."

About Prostar Holdings Inc.

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 life cycle management of critical infrastructure assets both above and below the Earth's surface.

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