- ProStar Holdings (OTCQX: MAPPF) has secured a contract with a State DOT for evaluating its PointMan® solution.
- The evaluation focuses on streamlining operations, improving workflows, and enhancing safety.
- ProStar's board has approved a grant of 3.3 million stock options at $0.14 CDN per share.
ProStar Holdings Inc. (OTCQX: MAPPF), renowned for its precision mapping solutions, has entered into a significant contractual agreement with a State Department of Transportation (DOT) to evaluate its flagship product, PointMan®, for potential statewide adoption. The focus of this evaluation is to assess how PointMan can streamline operations, improve workflows, and enhance safety during infrastructure construction and maintenance.
Following the successful implementation of PointMan by the Colorado Department of Transportation, ProStar has experienced increased interest from other state and local agencies. This indicates a growing demand for digital infrastructure management solutions within the industry.
In a strategic move to bolster its market position, ProStar's Board of Directors has approved the issuance of 3.3 million stock options. These options are priced at $0.14 CDN per share and are exercisable over a five-year period. This allocation is intended for company directors, officers, consultants, and employees, potentially aligning stakeholder interests with the company's growth.
ProStar continues to make strides in the technology sector, leveraging its strong portfolio of 16 patents in the U.S. and Canada to support its innovative SaaS platform, PointMan. By integrating with top geospatial technology providers and equipment manufacturers, PointMan is positioning itself as a leader in digitally transforming asset management practices for critical infrastructure.
