Prostar Holdings Inc Stock Price, News & Analysis

ProStar Holdings Inc. (OTCQX: MAPPF) has been named among the World’s Most Innovative Companies for 2022 by Fast Company, ranking as the 2nd most innovative Small and Mighty Company. This recognition highlights ProStar’s impact in the precision mapping industry, specifically for its efforts in preventing damages to buried infrastructure, which costs the U.S. economy $30 billion annually. CEO Page Tucker expressed pride in this accolade, underlining ProStar’s commitment to innovation and its contributions to enhancing public and environmental safety.

ProStar Holdings (MAPPF) announced the grant of Canadian Patent No. 2980438, a significant development in precision utility mapping and data collection. This patent, the company's 21st, enhances their extensive intellectual property portfolio and introduces an improved method for calculating utility asset tolerance zones. The innovation aims to reduce damages during construction and improve data delivery efficiency. With advancements in mobile and GPS technology, ProStar positions itself as a leader in utility damage prevention, supporting its flagship product, PointMan.

ProStar Holdings Inc. (MAPPF) announced that Landmark EPC will use its PointMan precision mapping solution to map buried infrastructure in Boulder, improving utility locating practices. This comes in response to challenges in accurately locating sewer mains during the city’s fiber-optic expansion. The partnership aims to reduce damages and delays in construction by utilizing ProStar’s advanced technology, which is designed to efficiently handle critical infrastructure data. The move aligns with the growing needs of the $1.2 billion Underground Utility Locating Market in the U.S.

ProStar Holdings Inc. (OTCQX: MAPPF) has appointed Joel Sutherland as VP of Corporate Development and Investor Relations. Sutherland will focus on mergers and acquisitions, divestitures, and investor relations initiatives. He brings over 20 years of Wall Street experience, having worked at firms like Bank of America Merrill Lynch and BMO Capital Markets. The company has also entered a month-to-month agreement with Sutherland’s firm, paying a monthly fee of $7,500 and granting him 400,000 stock options, vesting over two years. ProStar is a leader in Precision Mapping Solutions, enhancing workflows across critical infrastructure sectors.

ProStar Holdings Inc. (OTCQX: MAPPF) will participate in the Lytham Partners Winter 2021 Investor Conference from December 13-16, 2021. The company will host a webcasted Fireside Chat on December 13 at 11:00 am ET, discussing its vision for 2022, which will be available on its website. Investors can arrange 1x1 meetings with management through Lytham Partners. ProStar specializes in Precision Mapping Solutions, offering its flagship product PointMan as Software as a Service, enhancing the lifecycle management of critical infrastructure.

ProStar Holdings Inc. (MAPPF) has announced that Grinnell College has chosen its PointMan® solution for improved management of its critical infrastructure on the 120-acre campus. This decision highlights ProStar's effectiveness in providing precision mapping solutions essential for safety and operational efficiency. Grinnell College's need for accurate underground infrastructure mapping underscores the growing demand for ProStar's technology among various sectors, including educational institutions, enhancing its reputation across different industries.

ProStar Holdings Inc. (OTCQB: MAPPF) has announced that the Tulsa Zoo will utilize its PointMan solution for infrastructure management, enhancing operations for over 3,000 animals. The zoo's Operations Manager highlighted the necessity of mapping critical infrastructure for maintenance and future projects. CEO Page Tucker noted the significance of this partnership, reflecting the expanding market for ProStar's solutions across diverse sectors. This development indicates growing demand for precision mapping technologies, underscoring ProStar's potential in the infrastructure management space.

On October 19, 2021, Bad Elf announced that all Bad Elf Flex purchases will now include a one-year subscription to ProStar's PointMan Plus software. This partnership aims to enhance data collection capabilities for users by integrating precise location data through a mobile app. The Bad Elf Flex GNSS receiver supports scalable accuracy options, allowing users to achieve real-time accuracy of 30-60 cm. This collaboration not only improves product value but also expands ProStar's user base globally.

ProStar Holdings Inc. (OTCQB: MAPPF) has signed an agreement with Aberdeen Township, New Jersey, to implement its PointMan solution as the system of record for mapping, complying with New Jersey Department of Environmental Protection mandates. The adoption of PointMan, which excels in affordability and ease of use, aims to help municipalities meet precise GPS data standards. ProStar's President highlighted the substantial market potential within the 38,000 small U.S. municipalities lacking comprehensive mapping systems, positioning PointMan as a leading solution in this space.