GRAND JUNCTION, Colo.,
May 31, 2021 /CNW/ -- ProStar
Holdings Inc ("ProStar®" or the "Company") (TSXV: MAPS)
(FSE: 5D00), a world leader in Precision Mapping
Solutions®, and developer of PointMan®,
announced today that Kraemer® North America, a top-ranked U.S. national
heavy civil contractor with operations throughout the U.S., has
signed a service-level agreement (SLA) for ProStar's newest cloud
and mobile Precision Mapping Solution, PointMan Pro.
"PointMan Pro is just a better way to do data collection and
reduce risks and liabilities associated with the construction of
our critical infrastructure projects," said Dustin
Kelsey, Project Manager at Kraemer. "I can see other
infrastructure construction firms, both large and small, following
in our footsteps and adopting PointMan."
Kraemer North America becomes the
first major U.S. infrastructure construction firm to adopt
ProStar's newest solution, PointMan Pro, which was released in
March following over two years of development. Kraemer North America business operations span
coast to coast, and the firm serves three primary infrastructure
markets, including transportation, rail, and marine.
"This is another major milestone for ProStar as Kraemer is the
first major construction company to adopt our newest solution,"
stated Page Tucker, CEO and founder
of ProStar. "The adoption of PointMan Pro by Kraemer proves that
PointMan can replace onerous and antiquated business practices that
have been well entrenched by the construction industry for several
decades."
About Kraemer®
Kraemer North America is a
privately held general contractor headquartered in Plain, Wisconsin with regional offices located
in Minnesota, Colorado, Washington, and Utah. Established in 1911, the company's roots
were founded in the construction of challenging bridges and
highways across the U.S. Today, Kraemer is a full service heavy
civil contractor with a national reputation for quality and safety.
Kraemer serves three primary markets, including: transportation,
rail, and marine.
About ProStar® (TSXV: MAPS) (FSE:
5D00)
ProStar® is a world leader in Precision Mapping
Solutions®. ProStar's flagship product,
PointMan®, is natively cloud and mobile and is offered
as a Software as a Service (SaaS). ProStar's solutions seamlessly
connect the field with the office and provides the ability to
precisely capture, record, display, and manage critical
infrastructure data in real-time, 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 are 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
970-822-4792
Investorrelations@prostarcorp.com
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