Trimble Inc. reports developments in technology that connects physical and digital workflows for construction, geospatial, transportation and related essential industries. Company news commonly covers operating results, annualized recurring revenue, margin performance, guidance, and the Connect & Scale strategy, along with capital actions such as common stock repurchase authorizations.
Product and innovation updates focus on precise positioning, modeling, data analytics and workflow software. Recurring announcements include AI-enabled capabilities for Trimble tools such as SketchUp, agentic AI initiatives for engineering and construction workflows, and solutions that support infrastructure, building design and construction, supply-chain optimization and mapping.
On March 8, 2021, Trimble announced its continued partnership with Tostan, focusing on community empowerment in West Africa. This collaboration coincides with International Women's Day and involves a two-year grant for Tostan's Strengthening Democracy and Civic Engagements program. The initiative aims to enhance governance by fostering understanding between officials and constituents, empowering women and youth, and promoting local decision-making. Tostan's program is designed to advocate for community resources and representation, aiming for sustainable development driven by local capacities.
ProStar Holdings (TSXV: MAPS) celebrated its listing on the Toronto Stock Exchange by ringing the opening bell on March 5, 2021. The event, attended by CEO Page Tucker and the ProStar team, symbolizes a significant milestone for the company, known for its Precision Mapping Solutions. ProStar's flagship product, PointMan, serves various sectors, including construction and energy, and is recognized for its cloud and mobile capabilities. The company has a robust IP portfolio with 19 patents protecting its technology related to underground utilities. Strategic partnerships include Trimble (NASDAQ: TRMB).
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ProStar Holdings Inc. has launched 'The PointMan® Dealer Program' to enhance its sales and marketing strategies. This initiative follows a successful pilot with select Trimble dealers in the U.S. and aims to expand partnerships with leading equipment manufacturers like Trimble, Vivax-Metrotech, and Radiodetection across North America. PointMan, the company's flagship product, is a mobile mapping application that accurately locates surface and subsurface infrastructure. The program seeks to create a consortium between ProStar and equipment manufacturers to improve utility mapping solutions.
Trimble (NASDAQ: TRMB) has launched the Dimensions Spotlight Series, starting March 2021, aimed at addressing significant topics like U.S. Infrastructure, the Evolving Workforce, Sustainability, and Automation. This no-cost learning initiative will feature industry experts providing insights to enhance productivity and innovation. The first episode, available on March 10, will discuss collaboration in digital project delivery. Subsequent episodes will cover strategic infrastructure planning and the role of digital technology in workforce evolution.
Kuebix has partnered with Estes Forwarding Worldwide (EFW) to provide real-time truckload spot rates to over 25,000 shippers using Kuebix's platform. This integration allows users to receive instant EFW rates for truckload shipments by simply entering their request on the Kuebix system. The service enhances Kuebix's existing capabilities and aims to streamline the truckload sourcing process, saving time and costs for businesses. Additionally, Kuebix is offering a 60-day free trial of its Business Pro TMS to help improve supply chain management.
Trimble (NASDAQ: TRMB) and Exelon's Aquify have partnered to enhance water utility services using Trimble's IoT and remote monitoring technologies. This collaboration aims to tackle issues such as aging infrastructure, which results in an estimated 14% water loss in the U.S., costing utilities $6.06 billion annually. Aquify will offer tailored digital solutions, including monitoring and analytics, as a subscription service, easing implementation for water utilities constrained by budget and staffing challenges.
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