GRAND JUNCTION, Colo., April 20, 2023 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. ("ProStar®" or "the Company") (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00) and ImpulseRadar joined resources to provide a more precise location subsurface utility mapping solution by integrating ProStar’s Precision Mapping Solutions™ PointMan® and ImpulseRadar's world-leading PinPointR Ground Penetrating Radar (GPR) technology.
"The industry is changing and moving away from standalone systems toward more integrated solutions," stated Matthew Wolf, President of ImpulseRadar USA, Inc. "That means in our efforts to continue to be a Global leader and to satisfy our customer's needs, we are eager to work with the leading technology providers that offer value-added software solutions. PointMan fits that model with a world-class utility mapping software that complements our solutions."
ImpulseRadar's PinPointR technology, combined with ProStar's flagship mobile mapping solution, PointMan, now provides a powerful and comprehensive non-destructive solution for any industry requiring a precision utility mapping solution. PointMan, combined with PinPointR GPR, is designed to quickly and precisely locate, identify, and display subsurface utility locations, including those not detectable by traditional methods.
"ImpulseRadar’s Ground Penetrating Radar solutions have become a trusted technology worldwide that offers several advantages over other traditional utility locate solutions," stated Page Tucker, CEO & President of ProStar. "Our goal is to become the defacto precision mapping solution for all equipment manufacturers of utility mapping equipment. Adding ImpulseRadar to our growing list of manufacturers is a giant step in realizing our goal."
About ImpulseRadar
With Headquarters in Malå, Sweden, and offices in Malaysia and the United States, ImpulseRadar has become a global leader in developing non-destructive utility locating technologies. ImpulseRadar is focused on bringing the latest non-destructive utility mapping technology to market, delivered in the most robust and user-friendly solutions. ImpulseRadar takes pride in developing and bringing to market the most advanced and innovative GPR solutions that continue to drive paradigm shifts in the utility mapping industry worldwide.
To learn more visit: www.impulseradargpr.com
About ProStar:
ProStar is a world leader in Precision Mapping Solutions and is creating a digital world by leveraging the most modern GPS, cloud, and mobile technologies. ProStar is a software development company specializing in developing patented cloud and mobile precision mapping solutions focused on the critical infrastructure industry. ProStar’s flagship product, PointMan, is designed to significantly improve the workflow processes and business practices associated with the lifecycle management of critical infrastructure assets both above and below the Earth’s surface.
ProStar’s PointMan is offered as a Software as a Service (SaaS) and seamlessly connects the field with the office and provides the ability to precisely capture, record, display, and manage critical infrastructure, 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 with the world’s leading geospatial technology providers, data collection equipment manufacturers, and dealer networks.
The Company has made a significant investment in creating a vast intellectual property portfolio that includes 20 issued patents in the United States and Canada. 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.
For more information about ProStar, please visit www.prostarcorp.com.
On behalf of the Company,
Page Tucker on sales / corporate news releases, CEO and Director
Contact:
Joel Sutherland
Investor Relations
970-822-4792
Investorrelations@prostarcorp.com
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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 Annual Management’s Discussion & Analysis filed on SEDAR on April 14, 2022, 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.
