Boulder, Colorado, January, 2021 - ProStar Holdings (“ProStar” or “The Company”) (TSXV – MAPS) is pleased to announce that the Colorado Department of Transportation (CDOT) mandate that requires use of ProStar’s PointMan software goes into effect today. The new mandate requires that over 150 utility companies and over 1,000 utility installation stakeholders are now required to use ProStar’s PointMan® as the mobile software platform to capture and record the precise location of underground utilities.
CDOT’s mandate is focused on improving the accuracy and reliability of existing utility records. Utility companies, under CDOT’s mandate, will be required to leverage PointMan to collect utility data during the installation process. CDOT is committed to reducing the growing number of damages to utilities caused by a lack of accurate utility location data. PointMan is designed to reduce the risks caused by the numbers of incidences of utility damages that include added project costs as well as risks to the public and environment. The new mandate in part is designed assist CDOT comply with portions of the state of Colorado, 811 One Call Law.
“ProStar’s solution is a specifically designed utility focused technology that address all of our requirements to capture accurate information including the precise location of utility installations”, stated Rob Martindale, CDOT’s Utilities Program Manager. “Not knowing where utilities are buried has proven to be a major concern at the state, municipal and federal levels. Another very important factor in our decision making process was the fact ProStar recently developed a very close business partnership with Trimble (NASDAQ: TRMB)( (see Trimble news release, July 8, 2020) which was key since most DOTs and a large majority of DOT stakeholders leverage Trimble’s GPS technology”.
According to Mr. Martindale who is also CDOT’s rules, policies and procedures administrator, the state selected PointMan for many reasons centered around stakeholder adoption, including its ability to provide easily sharable, accurate, more reliable utility location records, it is easy and intuitive to use and has the added benefit of running on standard mobile devices.
“PointMan being mandated by a government agency is a significant milestone for the Company and major validation of our solution”, stated Page Tucker, ProStar’s CEO and founder. “It means our solution will be utilized by several thousand new users. We hope that companies will recognize the value that our solution provides to them and that we will see a significant increase in the adoption of PointMan, not just to meet the Colorado mandate, but for all their sub-surface precision mapping requirements. The mandate will see our solution implemented by a number of utility owners and construction, engineering and surveying firms with both national and international market presence. This mandate provides ProStar with a tremendous amount of credibility and exposes our solution to new customers ranging from utility owners, construction, engineering and survey firms through to government agencies all over the world.”
ProStar specializes in the development of patented mapping software. ProStar’s Precision Mapping Solutions™ are natively cloud and mobile and offered as Software as a Service. ProStar’s Solutions are designed to improve the business operations and reduce risk of any industry that requires the precise location of infrastructure, including utilities and pipelines. ProStar’s Solutions enable real-time access to critical location information in the office and out in the field. Knowing the type, precise location, and condition of infrastructure above and below the ground can significantly decrease risks to the public, damages to the environment, and liabilities associated with the construction and maintenance of infrastructure. For more information, please visit: www.prostarcorp.com
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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.
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Press release distributed by PressHalo on behalf of ProStar, on 21st January, 2021.