GRAND JUNCTION, Colo.,
April 26, 2021 /CNW/ -- ProStar
Holdings Inc ("ProStar®" or the "Company") (TSXV:MAPS) (FSE:5D00),
a world leader in Precision Mapping Solutions®, and developer
of the PointMan® mobile and cloud solution, announced today that it
has successfully completed a Service Organization Control (SOC 2
Type 2) examination for ProStar. The audit found that ProStar meets
the SOC 2 Type 2 standards for Security and Availability Trust
Services Principles with zero exceptions listed. This is the third
consecutive year that ProStar has received this SOC 2 Type 2
certification.
SOC 2 Type 2 reports are attestation reports that examine
controls at a service organization relevant to the security,
availability, or processing integrity of a system (security,
availability, and/or processing integrity principles) or the
confidentiality or privacy of the information processed for the
user entities (confidentiality or privacy principles). SOC 2 Type 2
reports demonstrate a company's ability to not only implement
critical security policies but also prove compliance over an
extended period of time. This is critical for the management of
sensitive data including, the location type and condition of
infrastructure both above and below the earth's surface.
"This speaks volumes to the standards and protocols we have
implemented in order to achieve this level of certification. Our
clients span from Fortune 500 companies to multi-national fiber
optic companies, to government entities, for which data security is
a priority," said ProStar CEO and
Founder Page Tucker. "This level of certification not only
instills confidence to our clients in our ability to protect their
data, it also sets the foundation to attain data security
certification for other countries as well as address data
sovereignty requirements."
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.
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