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A State Department of Transportation (DOT) Has Entered Into A Formal Contractual Agreement To Evaluate ProStar's PointMan
GRAND JUNCTION, Colo., July 15, 2025 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (“ProStar&#...
About this update from Prostar Holdings Inc
[{"type":"text","content":"A State Department of Transportation (DOT) Has Entered Into A Formal Contractual Agreement To Evaluate ProStar’s PointMan\n\n\n\n GRAND JUNCTION, Colo., July 15, 2025 (GLOBE NEWSWIRE) -- 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 a State Department of Transportation (DOT) has entered into a formal contractual agreement to evaluate ProStar’s flagship solution, PointMan®, for state wide adoption.\n \n\n 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’s evaluation will focus on how PointMan streamlines operations, improves workflows, and enhances safety during construction and maintenance activities.\n \n\n\n “The adoption of PointMan by the Colorado Department of Transportation has already proven to be a success,”\n \n stated Page Tucker, CEO and Founder of ProStar. “\n \n 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.”\n \n\n\n 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.\n \n\n\n\n Stock Option Grant\n \n\n\n\n Additionally, the Company’s Board of Directors has approved the grant of 3.3 million stock options, each exercisable at a price of $0.14 CDN per common share for a period of five years, to certain directors, officers, consultants, and employees of the Company.\n \n\n\n About ProStar\n \n\n 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,...