ProStar Announces that a Global Fortune 500 Energy Company Adopts PointMan to Improve Refinery Maintenance Operations
September 23 2024 - 7:58AM
ProStar Holdings Inc. (“ProStar®” or “the Company”) (TSXV: MAPS)
(OTCQX: MAPPF) (FSE: 5D00), a global leader in Precision Mapping
Solutions®, is proud to announce that a Global Fortune 500 Energy
Company has adopted ProStar’s PointMan® solution to enhance
maintenance and safety for refinery operations.
The Company has implemented PointMan with an emphasis on
precision mapping of the current infrastructure and assets for a
refinery’s operations. This digital mapping initiative will lay the
groundwork for future repair and maintenance of refinery projects,
ensuring that older parts of the refinery's infrastructure are
systematically updated with precision. Once the updates are
completed, PointMan will serve as the Geographic Information System
(GIS) and data source, supporting ongoing maintenance and asset
management responsibilities for the refinery division.
ProStar’s flagship product, PointMan, is designed to improve
critical infrastructure lifecycle management by leveraging
cutting-edge mobile and cloud-based technology. The solution allows
for precise capture, visualization, and management of vital
infrastructure assets, both above and below the Earth’s surface, in
real-time. The Company adopted PointMan to streamline operational
workflows, enhance asset visibility, and reduce maintenance-related
risks often associated to refinery operations.
“We are thrilled to have another Fortune 500 company as one of
the latest adopters of PointMan,” said Page Tucker, CEO of ProStar.
“The decision to integrate our technology into their complex
refinery operations is a clear indication to the value that
PointMan provides to any company focused on improving the
management of critical infrastructure.”
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 has strategic business partnerships with the world’s leading
geospatial technology providers, data collection equipment
manufacturers, and their dealer networks. The Company has made a
significant investment in creating a vast intellectual property
portfolio that includes 16 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.For more information about ProStar,
please visit www.prostarcorp.com.
Contact:Page TuckerCEO & Founderptucker@prostarcorp.com
Neither the TSXV nor its Regulation Services Provider
(as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward-Looking InformationThis
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
21, 2023, 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.sedarplus.ca.
This press release was published by a CLEAR® Verified
individual.
ProStar (TG:5D00)
Historical Stock Chart
From Oct 2024 to Nov 2024
ProStar (TG:5D00)
Historical Stock Chart
From Nov 2023 to Nov 2024