Digital transformation in critical infrastructure management

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A State Department of Transportation (DOT) Has Entered Into A Formal Contractual Agreement To Evaluate ProStar’s PointMan
Globenewswire· 2025-07-15 11:58
Core Insights - ProStar Holdings Inc. has entered into a formal contract with a State Department of Transportation (DOT) to evaluate its flagship solution, PointMan, for potential statewide adoption [1][2] - The evaluation will focus on how PointMan can streamline operations, improve workflows, and enhance safety during construction and maintenance activities [2] - The Colorado Department of Transportation's successful adoption of PointMan has generated interest from other DOTs looking to improve critical infrastructure management [3] Company Overview - ProStar is a leading software company specializing in patented cloud and mobile mapping solutions for the critical infrastructure industry [5] - PointMan, the company's flagship product, manages above- and below-ground assets like utilities and pipelines, enhancing workflows throughout their lifecycle [5] - ProStar holds 16 issued patents in the U.S. and Canada, which supports its strong intellectual property portfolio [6] Stock Option Grant - The Board of Directors has approved the grant of 3.3 million stock options, each exercisable at a price of $0.14 CDN per common share for a period of five years [4]