Colorado Department of Transportation Signs New Contract With ProStar Following Initial Five-Year Term
August 29 2024 - 7:00AM
ProStar Holdings Inc., (“ProStar®” or “the Company”) (TSXV: MAPS)
(OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping
Solutions®, is pleased to announce that Colorado DOT has extended
its contract with ProStar’s following a successful initial 5-year
term to license ProStar’s flagship cloud and mobile solution,
PointMan®.
The Colorado Department of Transportation (CDOT) has reaffirmed
its commitment to ProStar’s PointMan® software after an initial
five-year term that demonstrated significant value in the
management of critical infrastructure located along interstate and
railway right-of-way’s. Recognizing the value that PointMan brings
in terms of damage prevention, construction management, efficiency,
accuracy, and safety, CDOT has renewed its contract, further
solidifying its dedication to improving critical infrastructure
management, and public and environmental safety throughout the
state.
As part of the new contract procurement for CDOT, ProStar
was vetted and approved by Carahsoft Technology Corp., a trusted
government IT solutions provider. Carahsoft simplifies the
procurement process for public sector organizations including
federal, state, and local government agencies by approving vendors
that provide IT solutions. Carahsoft partners with thousands of
resellers, system integrators and MSPs to proactively market, sell
and deploy a comprehensive range of IT solutions for public sector
customers across the U.S. and Canada.
“Working with CDOT over the past five years has provided for a
great partnership, and we are thrilled that they have extended
their commitment, and I look forward to our continued partnership.”
said Page Tucker, CEO of ProStar. “Having the continued endorsement
of CDOT and partnering with Carahsoft increases the potential for
broader adoption of PointMan by other government agencies across
the U.S. and Canada.”
About Carahsoft:
Carahsoft Technology Corp. is The Trusted Public Sector IT
Solutions Provider™, supporting Federal, State and Local
Government agencies and Education and Healthcare markets. Founded
in 2004, Carahsoft is headquartered in Reston, Virginia and employs
more than 2,000 professionals dedicated to serving our public
sector customers and partners. As the Master Government
Aggregator® for their vendor partners, they deliver solutions
for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial
Intelligence, Open Source, Customer Experience and more. Working
with resellers, systems integrators and consultants, their sales
and marketing teams provide industry leading IT products, services
and training through hundreds of contracts.
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 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.
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