GRAND JUNCTION, Colo.,
April 22, 2021 /CNW/ -- ProStar
Holdings Inc. ("ProStar®" or the "the Company") (TSXV:MAPS)
(FSE:5D00) a world leader in Precision Mapping Solutions®, has
announced the successful integration of its flagship product,
PointMan®, into the Vivax Metrotech vLoc3 with integrated RTK
(Real-Time Kinematic) technology. The integration with the vLoc3
RTK-Pro creates the first utility locate device with an integrated
RTK GNSS receiver running on PointMan. This integration will
provide centimeter accuracy of the precise location of buried
utilities in real-time without an external GPS/GNSS receiver.
The Vivax Metrotech vLoc3 RTK-Pro receiver is the first to add
RTK (Real-Time Kinematic) GNSS (Global Navigation Satellite System)
accuracy to a utility locator. Using the RTK-Pro internal cellular
module with 4G LTE capabilities, the operator now has the ability
to connect to the NTRIP RTK caster that provides RTCM 3
corrections.
The integration of PointMan with the new vLoc3 RTK-Pro means
that underground utility infrastructure buried anywhere in the
world can now be precisely located, and the critical data quickly
and efficiently recorded, displayed, and shared from a
standard mobile device.
The convergence of technologies between equipment manufacturers
and ProStar's patented precision mapping solutions means that
critical buried infrastructure can more easily and seamlessly be
captured, recorded, and displayed at survey-grade without any
additional external equipment or post-processing. With the
integration of PointMan with the vLoc3 RTK-Pro, there is no longer
a need to pair a third-party external GPS/GNSS receiver to a
utility locating device or have delays from post-processing in
order to collect and share mission critical data that includes the
type of utility, the depth of cover and the utility's precise
location.
"We are very excited with the vLoc3-RTK locator and its
integration with ProStar's PointMan," says Vivax-Metrotech
President Mark Drew.
"The development of the new Vivax Metrotech RTK-Pro is a clear
indication of a shift in the subsurface infrastructure industry,
and the equipment manufactures recognizing the value of precision
mapping," says ProStar CEO Page
Tucker. "For the entire infrastructure and construction
industry, this is a pivotal moment, not only in the breakthrough
technology but the precision and real-time delivery of the data
where and when it is most needed."
About Vivax Metrotech
Vivax-Metrotech develops and
manufactures products for buried utility locating, fiber-optic
cable locating, ferrous metal detection, coating analysis and
performing ACVG surveys on cathodic protected pipes, finding sheath
to ground faults on cables, inspecting the interior of pipes and
ducts, and mapping of buried utilities.
Vivax-Metrotech products are backed up by their worldwide
network of trained distributors and service centers bringing the
customer local sales, training, and service centers. Learn more at
https://www.vivax-metrotech.com/.
About ProStar ® (TSXV:MAPS) (FSE:5D00)
ProStar is a
Software as a Service (SaaS) company that aids infrastructure and
construction companies by providing them with the ability to
capture, record, and display the precise location of critical
infrastructure such as buried utilities and pipelines; this is all
accomplished in real-time through ProStar's patented geospatial
intelligence software. The Company offers three products, PointMan
Plus, PointMan Pro, and PointMan Enterprise, all of which are
designed to improve the business operations of any industry that
requires knowledge of the precise location of sub-surface
infrastructure. By providing real-time access to precise location
information, ProStar's solution significantly decreases liabilities
and increases productivity during construction and maintenance
activities. Current industry practice utilizes paper documents or
onsite inspection with a magnetic locate tool and paint or flag
markings, both of which have proven inaccurate. With over
35M miles of underground utilities in
the US, there have been over half a million utility strikes
annually during excavation which have resulted in damaged
infrastructure.
ProStar has strategic business partnerships 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 Support
investorrelations@prostarcorp.com
970-242-4024
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.
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SOURCE ProStar Corp