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ProStar Holdings Inc (TSXV:MAPS / FSE:5D00), the Canada-listed tech company delivering cutting edge underground mapping solutions for the global engineering market, has broken into the lucrative US municipal market with its latest deal.

ProStar has just signed the City of New Hampton, Iowa, which becomes the first municipality to adopt ProStar’s PointMan cloud and mobile solution as its primary system of record (SOR) to manage its critical infrastructure.

ProStar is a software development company specialising in developing patented cloud and mobile precision mapping solutions focused on the critical infrastructure industry. It has a highly scalable offering for engineering companies and utilities which is winning broad recognition across the US at the moment.

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.

Municipalities in US represent important new opportunity

According to the 2010 U.S. Census, there are approximately 35,000 municipalities with a population of less than 10,000. This represents a tremendous opportunity for ProStar, as a large number of these municipalities do not have a comprehensive SOR for capturing, recording, and managing their critical infrastructure.

“ProStar’s solution was chosen for many key reasons, including the fact it is very affordable, easy to use, and provides exactly what we need to help manage our critical infrastructure,” stated Casey Mai, Public Works Director, City of New Hampton. “We have been looking for a system to replace our current asset management solution for some time as it was becoming cumbersome and difficult to maintain, and PointMan Pro met all of ours requirements.”

ProStar’s technology solution is designed to enhance the workflow processes and business practices of stakeholders that own, construct, manage, or maintain critical infrastructure, including municipalities.

Page Tucker, President and CEO of ProStar, explained: “Signing our first municipality is a huge milestone for us as we are not only moving into another major market sector with tremendous growth potential, we are also demonstrating that we have developed a best in class and affordable solution for managing critical infrastructure for stakeholders at every level including, construction companies, engineering & surveying firms, government agencies, and now municipalities.”

World leader in Precision Mapping Solutions

ProStar’s PointMan is offered as a Software as a Service (SaaS) platform and seamlessly connects the field with the office, providing 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 are with the world’s leading geospatial technology providers, data collection equipment manufacturers, and their dealer networks, including Trimble Juniper Systems, Bad Elf, Vivax-Metrotech, Radiodetection, and Subsite Electronics.

Large intellectual property portfolio

ProStar 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. The leadership team includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua, previous Chief Information Officer of HSBC Canada and Europe, and Matthew Breman, prior Executive for Disney.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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