A State Department of Transportation (DOT) Has Entered Into A Formal Contractual Agreement To Evaluate ProStar鈥檚 PointMan
ProStar Holdings (OTCQX: MAPPF) has secured a formal contract with a State Department of Transportation (DOT) to evaluate its PointMan庐 solution for potential statewide adoption. The evaluation will assess PointMan's capabilities in streamlining operations, improving workflows, and enhancing safety during infrastructure construction and maintenance activities.
Following the successful implementation at the Colorado Department of Transportation, ProStar is experiencing increased interest from other DOTs. The company is actively engaging with multiple state and local governmental agencies, indicating growing market demand for digital infrastructure management solutions.
Additionally, ProStar's Board has approved a grant of 3.3 million stock options at $0.14 CDN per share, exercisable over five years, to company directors, officers, consultants, and employees.
ProStar Holdings (OTCQX: MAPPF) ha ottenuto un contratto formale con un Dipartimento dei Trasporti statale (DOT) per valutare la sua soluzione PointMan庐 in vista di un'adozione a livello statale. La valutazione analizzer脿 le capacit脿 di PointMan nel semplificare le operazioni, migliorare i flussi di lavoro e aumentare la sicurezza durante le attivit脿 di costruzione e manutenzione delle infrastrutture.
Dopo il successo ottenuto presso il Dipartimento dei Trasporti del Colorado, ProStar sta riscontrando un interesse crescente da parte di altri DOT. L'azienda sta collaborando attivamente con diverse agenzie governative statali e locali, segnalando una domanda in crescita per soluzioni digitali di gestione delle infrastrutture.
Inoltre, il Consiglio di Amministrazione di ProStar ha approvato una concessione di 3,3 milioni di opzioni azionarie a $0,14 CDN per azione, esercitabili in un arco di cinque anni, destinate a direttori, dirigenti, consulenti e dipendenti dell'azienda.
ProStar Holdings (OTCQX: MAPPF) ha asegurado un contrato formal con un Departamento de Transporte estatal (DOT) para evaluar su soluci贸n PointMan庐 con miras a una posible adopci贸n a nivel estatal. La evaluaci贸n analizar谩 las capacidades de PointMan para optimizar operaciones, mejorar los flujos de trabajo y aumentar la seguridad durante las actividades de construcci贸n y mantenimiento de infraestructuras.
Tras la exitosa implementaci贸n en el Departamento de Transporte de Colorado, ProStar est谩 experimentando un aumento del inter茅s por parte de otros DOT. La empresa est谩 interactuando activamente con m煤ltiples agencias gubernamentales estatales y locales, lo que indica una creciente demanda en el mercado de soluciones digitales para la gesti贸n de infraestructuras.
Adem谩s, la Junta Directiva de ProStar ha aprobado una concesi贸n de 3,3 millones de opciones sobre acciones a $0.14 CDN por acci贸n, ejercibles durante cinco a帽os, para directores, funcionarios, consultores y empleados de la empresa.
ProStar Holdings (OTCQX: MAPPF)電� 欤� 甑愴喌甑�(DOT)瓿� 瓿奠嫕 瓿勳暯鞚� 觳搓舶頃橃棳 PointMan庐 靻旊（靺�鞚� 欤� 鞝勳棴 霃勳瀰 臧�電レ劚鞚� 韽夑皜頃╇媹雼�. 鞚措矆 韽夑皜電� 鞚疙攧霛� 瓯挫劋 氚� 鞙犾氤挫垬 鞛戩梾 鞁� 鞖挫榿 須湪頇�, 鞗岉伂頂岆鞖� 臧滌劆, 鞎堨爠靹� 臧曧檾 旄‰┐鞐愳劀 PointMan鞚� 鞐焿鞚� 瓴�韱犿暊 鞓堨爼鞛呺媹雼�.
旖滊霛茧弰 欤� 甑愴喌甑棎靹滌潣 靹标车鞝侅澑 霃勳瀰 鞚错泟, ProStar電� 雼るジ 欤� 甑愴喌甑摛搿滊秬韯� 甏�鞁澊 歃濌皜頃橁碃 鞛堨姷雼堧嫟. 須岇偓電� 鞐煬 欤� 氚� 歆�氚� 鞝曤秬 旮瓣磤瓿� 頇滊皽頌� 順戨牓頃橂┌ 霐旍韯� 鞚疙攧霛� 甏�毽� 靻旊（靺橃棎 雽�頃� 鞁滌灔 靾橃殧臧� 旎れ瓿� 鞛堨潓鞚� 氤挫棳欤缄碃 鞛堨姷雼堧嫟.
霕愴暅, ProStar 鞚挫偓須岆姅 鞚挫偓, 鞛勳洂, 旎劋韯错姼 氚� 歆侅洂霌れ棎瓴� 頄ロ泟 5雲勱皠 頄夓偓 臧�電ロ暅 330毵� 欤检潣 鞀ろ啞鞓奠厴鞚� 欤茧嫻 0.14 旌愲倶雼� 雼煬(CDN)鞐� 攵�鞐晿電� 鞎堨潉 鞀轨澑頄堨姷雼堧嫟.
ProStar Holdings (OTCQX : MAPPF) a conclu un contrat officiel avec un D茅partement des Transports d'脡tat (DOT) pour 茅valuer sa solution PointMan庐 en vue d'une adoption potentielle 脿 l'茅chelle de l'脡tat. Cette 茅valuation examinera les capacit茅s de PointMan 脿 rationaliser les op茅rations, am茅liorer les flux de travail et renforcer la s茅curit茅 lors des activit茅s de construction et de maintenance des infrastructures.
Suite 脿 la mise en 艙uvre r茅ussie aupr猫s du D茅partement des Transports du Colorado, ProStar constate un int茅r锚t croissant de la part d'autres DOT. L'entreprise collabore activement avec plusieurs agences gouvernementales 茅tatiques et locales, ce qui t茅moigne d'une demande croissante sur le march茅 des solutions num茅riques de gestion des infrastructures.
De plus, le conseil d'administration de ProStar a approuv茅 l'attribution de 3,3 millions d'options d'achat d'actions 脿 0,14 $ CAD par action, exer莽ables sur une p茅riode de cinq ans, aux administrateurs, dirigeants, consultants et employ茅s de la soci茅t茅.
ProStar Holdings (OTCQX: MAPPF) hat einen formellen Vertrag mit einem staatlichen Verkehrsministerium (DOT) abgeschlossen, um seine 笔辞颈苍迟惭补苍庐-尝枚蝉耻苍驳 auf eine m枚gliche landesweite Einf眉hrung hin zu evaluieren. Die Bewertung soll die F盲higkeiten von PointMan zur Optimierung von Abl盲ufen, Verbesserung der Arbeitsabl盲ufe und Steigerung der Sicherheit bei Infrastruktur-Bau- und Wartungsarbeiten pr眉fen.
Nach der erfolgreichen Implementierung beim Verkehrsministerium von Colorado verzeichnet ProStar ein wachsendes Interesse weiterer DOTs. Das Unternehmen arbeitet aktiv mit mehreren staatlichen und lokalen Beh枚rden zusammen, was auf eine steigende Marktnachfrage nach digitalen Infrastrukturmanagement-L枚sungen hinweist.
Dar眉ber hinaus hat der Vorstand von ProStar die Gew盲hrung von 3,3 Millionen Aktienoptionen zu je 0,14 CAD pro Aktie genehmigt, die 眉ber f眉nf Jahre ausge眉bt werden k枚nnen, f眉r Direktoren, F眉hrungskr盲fte, Berater und Mitarbeiter des Unternehmens.
- New DOT contract for PointMan evaluation indicates market expansion potential
- Successful adoption by Colorado DOT demonstrates product validation
- Growing interest from multiple state and local agencies shows increasing market demand
- Stock option grant of 3.3 million shares at $0.14 CDN could lead to potential dilution
GRAND JUNCTION, Colo., July 15, 2025 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (鈥淧roStar庐鈥� or 鈥渢he Company鈥�) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions庐, is pleased to announce that a State Department of Transportation (DOT) has entered into a formal contractual agreement to evaluate ProStar鈥檚 flagship solution, PointMan庐, for state wide adoption.
This latest engagement from another DOT marks a significant milestone as ProStar continues to drive digital transformation in the management of critical infrastructure. The DOT鈥檚 evaluation will focus on how PointMan streamlines operations, improves workflows, and enhances safety during construction and maintenance activities.
鈥淭he adoption of PointMan by the Colorado Department of Transportation has already proven to be a success,鈥� stated Page Tucker, CEO and Founder of ProStar. 鈥�As a result, we are realizing a high level of interest from several other DOTs that are taking proactive steps to improve the management of critical infrastructure and enhance safety.鈥�
PointMan is becoming a recognized leader throughout the industry in providing precision mapping solutions to state and local agencies seeking to digitally transform their asset management practices. The Company is actively engaged with other governmental agencies at the state and local levels which are currently assessing PointMan, reflecting the accelerating demand for advanced solutions to improve the management of critical infrastructure.
Stock Option Grant
Additionally, the Company鈥檚 Board of Directors has approved the grant of 3.3 million stock options, each exercisable at a price of
About ProStar
ProStar is a leading software company specializing in patented cloud and mobile mapping solutions for the critical infrastructure industry. Its flagship product, PointMan, streamlines the management of above- and below-ground assets like utilities and pipelines, improving workflows across their lifecycle.
Offered as a SaaS platform, PointMan integrates with top geospatial tech providers and equipment manufacturers. ProStar holds 16 issued patents in the U.S. and Canada, supporting its strong IP portfolio. For more information about ProStar, please visit聽
Contact:
Page Tucker
CEO & Founder
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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鈥檚 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: 鈥渂elieve鈥�, 鈥渆xpect鈥�, 鈥渁nticipate鈥�, 鈥渋ntend鈥�, 鈥渆stimate鈥�, 鈥減ostulate鈥� 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鈥檚 securities; the state of the technology sector; recent market volatility; the Company鈥檚 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鈥檚 most recent Annual Management鈥檚 Discussion & Analysis filed on SEDAR + on April 19, 2024, for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through the Company鈥檚 issuer page on SEDAR + at聽
FAQ
What is the new contract ProStar (MAPPF) secured with the State DOT?
How many stock options did ProStar (MAPPF) grant and at what price?
Which DOTs are currently using ProStar's (MAPPF) PointMan solution?
What is ProStar's (MAPPF) PointMan solution used for?
