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ProStar Geocorp Launches LinQD: A Next-Generation Data Exchange Platform for Critical Infrastructure
Globenewswire· 2025-10-09 13:15
Core Insights - ProStar Holdings Inc. has launched LinQD™, a next-generation open API data exchange platform aimed at improving the management of critical infrastructure [1][4] - LinQD™ integrates fragmented systems into a single cloud-based platform, enhancing interoperability and efficiency by combining legacy systems with emerging technologies like AI and AR [3][4] - The platform aims to eliminate data silos, providing stakeholders with instant access to improved geospatial intelligence and mission-critical data [3][4] Company Overview - ProStar Geocorp is a leading provider of geospatial intelligence technologies, focusing on mapping and managing critical infrastructure through its Software-as-a-Service (SaaS) solutions [6][8] - The company has a growing global customer base, including Fortune 500 companies, construction firms, utilities, and government agencies, and has established strategic alliances with global technology leaders [8] - ProStar holds an extensive intellectual property portfolio with 16 issued patents in the United States and Canada, reinforcing its leadership in precision mapping technologies [8] Product Features - LinQD™ with PointMan provides quantitative data from multiple sources, enabling informed decision-making for engineers, construction crews, and asset owners [5] - The platform allows for real-time data exchange across a unified technology ecosystem, creating new revenue channels through strategic partner integrations and enterprise subscriptions [5][7] - ProStar's flagship products streamline the management of both above-ground and subsurface infrastructure, reducing risk and improving efficiency in complex environments [7]
ProStar and JAVAD GNSS Announce Worldwide Distribution Deal
Globenewswire· 2025-08-14 12:00
Core Viewpoint - ProStar Holdings Inc. and JAVAD GNSS have entered into a global distribution agreement to bundle ProStar's PointMan Precision Mapping Solutions with JAVAD's high-precision GNSS receivers, enhancing the utility industry's access to integrated precision mapping solutions [1][2][5] Company Overview - ProStar is a software company specializing in cloud and mobile mapping solutions for critical infrastructure, with its flagship product, PointMan, designed to manage above- and below-ground assets [7] - JAVAD GNSS is recognized for its patented multi-constellation, multi-frequency GNSS technology, primarily serving demanding industries such as aerospace and defense [6] Strategic Partnership - The partnership aims to address the increasing demand for integrated precision mapping solutions in the utility sector, allowing users to capture and visualize underground infrastructure with centimeter accuracy [2][3] - By bundling PointMan with JAVAD's hardware, both companies are moving towards providing a comprehensive end-to-end solution, enhancing safety, compliance, and operational efficiency [3][5] Market Context - The utility industry faces challenges such as aging networks and the need to transition from outdated paper-based workflows, making the bundled solution timely and relevant [3] - The collaboration is seen as part of a broader trend where hardware manufacturers recognize the value of integrating software solutions to enhance customer offerings [5]
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]
ProStar Holdings Announces Upsize and Closing of Non-Brokered Private Placement For Gross Proceeds of $775,000
Globenewswire· 2025-05-09 18:52
Core Viewpoint - ProStar Holdings Inc. has successfully closed a non-brokered private placement, raising gross proceeds of C$775,000 through the sale of 5,535,714 units at a price of C$0.14 per unit, with plans to use the funds to enhance sales and marketing efforts and for general working capital [1][3][4]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one warrant, with each warrant allowing the purchase of one common share at C$0.20 for 36 months [2]. - The Offering was increased from an initial target of C$750,000 to C$775,000, receiving approval from the TSX Venture Exchange [1]. - The securities issued in the Offering are subject to a hold period of four months and one day from the date of issuance [6]. Group 2: Use of Proceeds - ProStar plans to utilize the proceeds from the Offering to onboard resources aimed at ramping up sales and marketing efforts, as well as for general working capital requirements [3][4]. Group 3: Management and Participation - The CEO and Founder of ProStar expressed satisfaction with the financing, highlighting strong participation from board members and existing shareholders [4]. - Certain directors and senior officers purchased a total of 2,085,714 units as part of the Offering, which is classified as a related party transaction [5]. Group 4: Company Overview - ProStar is recognized as a leader in Precision Mapping Solutions, focusing on critical infrastructure management through its flagship product, PointMan [9][10]. - The company has developed a significant intellectual property portfolio, including 16 issued patents in the United States and Canada, aimed at enhancing the management of critical infrastructure assets [10].
ProStar Holdings Announces Non-Brokered Private Placement
Globenewswire· 2025-05-05 21:13
Core Viewpoint - ProStar Holdings Inc. is conducting a non-brokered private placement to raise gross proceeds of up to C$750,000 [1] Group 1: Offering Details - The Offering will consist of up to 5,357,143 units priced at C$0.14 per Unit, each Unit includes one common share and one warrant [2] - Each warrant allows the holder to acquire one common share at C$0.20 for 36 months, with an acceleration clause if the share price exceeds C$0.30 for ten consecutive trading days [2] - ProStar plans to use the proceeds for sales, marketing, and working capital [3] Group 2: Participation and Regulatory Aspects - Directors and officers of ProStar will participate in the Offering, which is considered a related party transaction but is exempt from formal valuation and minority shareholder approval [4] - The securities issued will have a hold period of 4 months and one day, and the Offering is subject to regulatory approval from the TSX Venture Exchange [5] Group 3: Company Overview - ProStar is a leader in Precision Mapping Solutions, integrating modern GPS, cloud, and mobile technologies [7] - The flagship product, PointMan, enhances workflow processes for managing critical infrastructure assets [8] - ProStar has a significant intellectual property portfolio, including several patents in the U.S. and Canada [9]
ProStar and Pix4D Partner to Provide Precision 3D Augmented Reality of Critical Underground Infrastructure Worldwide
Globenewswire· 2025-04-09 12:02
Core Insights - ProStar Holdings Inc. has formed a strategic partnership with Pix4D to enhance its Precision Mapping Solutions, integrating ProStar's PointMan with Pix4D's 3D modeling technology for improved underground infrastructure management [1][4]. Company Overview - ProStar is a leading software company specializing in cloud and mobile mapping solutions for critical infrastructure, with its flagship product, PointMan, designed to manage above- and below-ground assets [6][7]. - Pix4D, based in Switzerland, develops end-to-end mapping solutions that utilize advanced algorithms for creating survey-grade georeferenced maps and models [5]. Partnership Details - The collaboration aims to deliver a user-friendly mobile solution that allows professionals in construction, engineering, and utilities to visualize and manage buried infrastructure with high accuracy and efficiency [2][4]. - The integration of PointMan and Pix4D's technology is expected to enhance operational efficiency, reduce risks, and improve safety for organizations globally [4]. Technological Advancements - The combined technologies will provide a mobile-friendly solution that offers real-time 3D mapping capabilities, enabling users to visualize subsurface assets directly from their smartphones [2][4]. - ProStar's strategy includes forming alliances with industry leaders to create a powerful and cost-effective precision mapping solution, leveraging partners' distribution networks [3].
ProStar Announces Global Commercial Strategy with Radiodetection to Deliver Precision Utility Mapping
Globenewswire· 2025-04-08 12:00
Core Viewpoint - ProStar Holdings Inc. has announced a strategic collaboration with Radiodetection to enhance the global critical buried infrastructure industry through integrated mapping solutions [1][2]. Group 1: Strategic Collaboration - The partnership combines Radiodetection's RD82 series locating devices with ProStar's PointMan, creating a comprehensive solution for utility locating [1][3]. - This collaboration aims to simplify operations, reduce costs, and enhance workflows in the construction industry by utilizing high-precision geospatial data [2][4]. Group 2: Product Integration - Radiodetection will market ProStar's PointMan as the preferred mapping solution for its utility locating equipment, including the RD8200SG with integrated RTK technology [3][4]. - The integration allows field crews to build high-precision digital maps of underground infrastructure in real-time, significantly reducing the complexity and time associated with traditional mapping methods [4][5]. Group 3: Industry Impact - The collaboration addresses the global issue of utility location, which is critical for public and environmental safety, aligning with both companies' missions to enhance safety protocols and reduce risks [5][6]. - ProStar's CEO emphasized that this partnership will accelerate global reach and adoption across multiple industry sectors [5][8].
ProStar and Emlid Partner to Deliver Centimeter Accuracy for Critical Infrastructure Mapping Worldwide
Globenewswire· 2025-03-31 12:00
Core Viewpoint - ProStar Holdings Inc. has partnered with Emlid Tech Kft. to enhance its PointMan® Precision Mapping Solutions® by integrating Emlid's high-precision GNSS equipment, aiming to provide affordable centimeter-level precision for mapping underground utilities and critical infrastructure [1][3]. Group 1: Partnership and Technology Integration - The strategic partnership aims to combine ProStar's PointMan platform with Emlid's GNSS receivers, enabling users to achieve affordable centimeter-accurate mapping solutions globally [3][4]. - ProStar is actively forming alliances with industry leaders to integrate top technologies into PointMan, enhancing its capabilities and driving revenue through partners' distribution networks [2][5]. Group 2: Product Features and Benefits - Emlid's Reach RX and Reach RS3 receivers offer lightweight, cost-efficient solutions for precision mapping, with the Reach RX being a pocket-sized RTK GNSS receiver that requires no configuration [4][6]. - PointMan, enhanced with Point One RTK corrections, utilizes over 2,000 base stations and major satellite constellations to provide a user-friendly mobile mapping solution [4][5]. Group 3: Company Background - ProStar specializes in cloud and mobile mapping solutions for the critical infrastructure sector, with its flagship product, PointMan, designed to streamline the management of utility and pipeline assets [7][8]. - Emlid develops high-precision RTK GNSS receivers and software, catering to various applications including surveying, GIS, and drone mapping, with a global distribution network [6].