ProStar Holdings Inc. ("ProStar®" or "the Company") (TSXV: MAPS)
(OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping
Solutions®, is pleased to announce that multinational gold mining
company, IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (“IAMGOLD”),
has adopted ProStar’s flagship software application, PointMan to
improve its safety operations.
“We take great pride in taking every measure possible to ensure
the safety of our employees and the environment. Safety is at the
forefront of all our mining operations,” stated Philippe Gaultier,
Vice President of Development Projects at IAMGOLD. “By adopting
PointMan, we feel confident that we are implementing a world-class
utility mapping solution that will provide us the ability to
identify any utility infrastructure that is buried in the ground,
which can be a serious concern in terms of worker and environmental
safety as well as operational costs.”
IAMGOLD employs approximately 5,000 people globally and is
committed to maintaining its culture of accountable mining through
high standards of Environmental, Social, and Governance ("ESG")
practices, including its commitment to Zero Harm®, in every aspect
of its business.
“Having a global mining company like IAMGOLD adopt PointMan into
their mining operations is a major milestone for us,” stated Page
Tucker, CEO of ProStar. “Not only does it open the door to another
global industry, but it also proves that PointMan addresses the
growing concern of not knowing where buried utilities are located,
a problem that adversely impacts the safety of the public, the
worker, and the environment in a multitude of
industries.”
ABOUT IAMGOLD IAMGOLD is a mid-tier gold mining
company operating in North America, South America and West Africa.
The Company has three operating mines: Essakane (Burkina Faso),
Rosebel (Suriname) and Westwood (Canada), and is building the
large-scale, long life Côté Gold project (Canada) which is expected
to commence production in early 2024. In addition, the Company has
a robust development and exploration portfolio within
high-potential mining districts in the Americas and West
Africa.
IAMGOLD is listed on the New York Stock Exchange (NYSE: IAG) and
the Toronto Stock Exchange (TSX: IMG) and is one of the companies
on the Jantzi Social Index ("JSI"), a socially screened market
capitalization-weighted consisting of companies which pass a set of
broadly based environmental, social and governance rating
criteria.
To learn more about IAMGOLD, visit: www.iamgold.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 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.
On behalf of the Company,Page Tucker on sales / corporate news
releases, CEO and DirectorContact:Joel SutherlandInvestor
Relations970-822-4792Investorrelations@prostarcorp.com
Neither the TSXV nor its Regulation Services Provider
(as that term is defined in the policies of the TSXV) accept
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 Annual
Management’s Discussion & Analysis filed on SEDAR on April 14,
2022, 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.
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