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ProStar Announces that a Global Fortune 500 Energy Company Adopts PointMan to Improve Refinery Maintenance Operations

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ProStar Holdings Inc. (TSXV: MAPS) (OTCQX: MAPPF) announces that a Global Fortune 500 Energy Company has adopted its PointMan® solution to enhance maintenance and safety for refinery operations. The implementation focuses on precision mapping of current infrastructure and assets, laying the groundwork for future repair and maintenance projects.

PointMan will serve as the Geographic Information System (GIS) and data source for ongoing maintenance and asset management. The solution is designed to improve critical infrastructure lifecycle management by leveraging mobile and cloud-based technology. It allows for precise capture, visualization, and management of vital infrastructure assets, both above and below ground, in real-time.

The adoption aims to streamline operational workflows, enhance asset visibility, and reduce maintenance-related risks in refinery operations. ProStar CEO Page Tucker expressed enthusiasm about the Fortune 500 company's decision, highlighting the value PointMan provides in managing critical infrastructure.

ProStar Holdings Inc. (TSXV: MAPS) (OTCQX: MAPPF) annuncia che una compagnia energetica della Global Fortune 500 ha adottato la sua soluzione PointMan® per migliorare la manutenzione e la sicurezza nelle operazioni di raffineria. L'implementazione si concentra sulla mappatura precisa delle infrastrutture e degli asset esistenti, ponendo le basi per futuri progetti di riparazione e manutenzione.

PointMan fungerà da Sistema Informativo Geografico (GIS) e fonte dati per la gestione continuata della manutenzione e degli asset. La soluzione è progettata per migliorare il ciclo di vita delle infrastrutture critiche sfruttando la tecnologia mobile e basata su cloud. Consente la cattura, visualizzazione e gestione precise degli asset infrastrutturali vitali, sia sopra che sotto terra, in tempo reale.

L'adozione mira a snellire i flussi di lavoro operativi, migliorare la visibilità degli asset e ridurre i rischi legati alla manutenzione nelle operazioni di raffineria. Il CEO di ProStar, Page Tucker, ha espresso entusiasmo per la decisione della compagnia Fortune 500, sottolineando il valore che PointMan offre nella gestione delle infrastrutture critiche.

ProStar Holdings Inc. (TSXV: MAPS) (OTCQX: MAPPF) anuncia que una compañía energética de Global Fortune 500 ha adoptado su solución PointMan® para mejorar el mantenimiento y la seguridad en las operaciones de refinación. La implementación se centra en la mapa precisa de la infraestructura y los activos actuales, estableciendo las bases para futuros proyectos de reparación y mantenimiento.

PointMan servirá como el Sistema de Información Geográfica (GIS) y fuente de datos para el mantenimiento y gestión de activos continuos. La solución está diseñada para mejorar la gestión del ciclo de vida de la infraestructura crítica aprovechando la tecnología móvil y basada en la nube. Permite la captura, visualización y gestión precisas de activos de infraestructura vital, tanto por encima como por debajo de la superficie, en tiempo real.

La adopción tiene como objetivo optimizar los flujos de trabajo operativos, mejorar la visibilidad de los activos y reducir los riesgos relacionados con el mantenimiento en las operaciones de refinación. El CEO de ProStar, Page Tucker, expresó entusiasmo por la decisión de la compañía Fortune 500, destacando el valor que PointMan proporciona en la gestión de la infraestructura crítica.

ProStar Holdings Inc. (TSXV: MAPS) (OTCQX: MAPPF)는 글로벌 포춘 500 에너지 회사가 정유 작업의 유지 관리 및 안전성을 향상시키기 위해 PointMan® 솔루션을 채택했다고 발표했습니다. 이 실행은 현재 인프라 및 자산에 대한 정밀 매핑에 초점을 맞추고 있으며, 향후 수리 및 유지 관리 프로젝트를 위한 기초를 마련합니다.

PointMan은 지속적인 유지 관리 및 자산 관리를 위한 지리정보시스템(GIS) 및 데이터 출처 역할을 하게 됩니다. 이 솔루션은 모바일 및 클라우드 기반 기술을 활용하여 주요 인프라의 생애 주기 관리를 개선하도록 설계되어 있습니다. 이는 지상과 지하 모두에서 중요한 인프라 자산을 실시간으로 정확하게 캡처, 시각화 및 관리할 수 있도록 합니다.

채택의 목표는 운영 워크플로를 간소화하고, 자산 가시성을 향상시키며, 유지 관리 관련 위험을 줄이는 것입니다. ProStar의 CEO인 Page Tucker는 포춘 500 회사의 결정에 대한 열정을 표현하며, PointMan이 주요 인프라 관리에서 제공하는 가치를 강조했습니다.

ProStar Holdings Inc. (TSXV: MAPS) (OTCQX: MAPPF) annonce qu'une entreprise énergétique du Global Fortune 500 a adopté sa solution PointMan® pour améliorer la maintenance et la sécurité des opérations de raffinerie. La mise en œuvre se concentre sur la cartographie précise des infrastructures et des actifs actuels, jetant les bases pour des projets de réparation et de maintenance futurs.

PointMan servira de Système d'Information Géographique (SIG) et de source de données pour la gestion continue de la maintenance et des actifs. La solution est conçue pour améliorer la gestion du cycle de vie des infrastructures critiques en exploitant la technologie mobile et basée sur le cloud. Elle permet une capture, une visualisation et une gestion précises des actifs d'infrastructure vitaux, tant au-dessus qu'en dessous du sol, en temps réel.

L'adoption vise à optimiser les flux de travail opérationnels, améliorer la visibilité des actifs et réduire les risques liés à la maintenance dans les opérations de raffinerie. Le PDG de ProStar, Page Tucker, a exprimé son enthousiasme quant à la décision de l'entreprise Fortune 500, soulignant la valeur que PointMan apporte à la gestion des infrastructures critiques.

ProStar Holdings Inc. (TSXV: MAPS) (OTCQX: MAPPF) gibt bekannt, dass ein Global Fortune 500 Energiekonzern seine PointMan® Lösung übernommen hat, um die Wartung und Sicherheit bei Raffinerieoperationen zu verbessern. Die Implementierung konzentriert sich auf die pr Precisionskarte der aktuellen Infrastruktur und Vermögenswerte und legt damit das Fundament für zukünftige Reparatur- und Wartungsprojekte.

PointMan wird als Geografisches Informationssystem (GIS) und Datenquelle für die laufende Wartung und das Asset Management dienen. Die Lösung soll das Management des Lebenszyklus kritischer Infrastrukturen durch die Nutzung von mobiler und cloudbasierter Technologie verbessern. Sie erlaubt die präzise Erfassung, Visualisierung und Verwaltung von wichtigen Infrastrukturvermögen, sowohl über als auch unter der Erde, in Echtzeit.

Die Übernahme zielt darauf ab, die betrieblichen Abläufe zu optimieren, die Sichtbarkeit von Vermögenswerten zu verbessern und wartungsbedingte Risiken zu minimieren in den Raffinerieoperationen. ProStar-CEO Page Tucker äußerte Begeisterung über die Entscheidung des Fortune 500 Unternehmens und hob den Wert hervor, den PointMan bei der Verwaltung kritischer Infrastrukturen bietet.

Positive
  • Adoption of PointMan by a Global Fortune 500 Energy Company
  • Implementation for precision mapping of refinery infrastructure and assets
  • PointMan to serve as GIS and data source for ongoing maintenance and asset management
  • Potential for improved operational workflows and reduced maintenance-related risks
Negative
  • None.

GRAND JUNCTION, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (“ProStar®” or “the Company”) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a global leader in Precision Mapping Solutions®, is proud to announce that a Global Fortune 500 Energy Company has adopted ProStar’s PointMan® solution to enhance maintenance and safety for refinery operations.

The Company has implemented PointMan with an emphasis on precision mapping of the current infrastructure and assets for a refinery’s operations. This digital mapping initiative will lay the groundwork for future repair and maintenance of refinery projects, ensuring that older parts of the refinery's infrastructure are systematically updated with precision. Once the updates are completed, PointMan will serve as the Geographic Information System (GIS) and data source, supporting ongoing maintenance and asset management responsibilities for the refinery division.

ProStar’s flagship product, PointMan, is designed to improve critical infrastructure lifecycle management by leveraging cutting-edge mobile and cloud-based technology. The solution allows for precise capture, visualization, and management of vital infrastructure assets, both above and below the Earth’s surface, in real-time. The Company adopted PointMan to streamline operational workflows, enhance asset visibility, and reduce maintenance-related risks often associated to refinery operations.

“We are thrilled to have another Fortune 500 company as one of the latest adopters of PointMan,” said Page Tucker, CEO of ProStar. “The decision to integrate our technology into their complex refinery operations is a clear indication to the value that PointMan provides to any company focused on improving the management of critical infrastructure.”

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 Tucker
CEO & Founder
ptucker@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. The reader is referred to the Company’s recent Annual Management’s Discussion & Analysis filed on SEDAR + on April 21, 2023, for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through the Company’s issuer page on SEDAR + at www.sedarplus.ca.

This press release was published by a CLEAR® Verified individual.


FAQ

What is the stock symbol for ProStar Holdings Inc.?

ProStar Holdings Inc. trades under the stock symbol MAPPF on the OTCQX market.

What is PointMan and how is it being used by the Fortune 500 Energy Company?

PointMan is ProStar's flagship product for precision mapping. The Fortune 500 Energy Company is using it to enhance maintenance and safety for refinery operations, focusing on precision mapping of current infrastructure and assets.

How does PointMan improve critical infrastructure lifecycle management?

PointMan improves critical infrastructure lifecycle management by leveraging mobile and cloud-based technology for precise capture, visualization, and real-time management of vital infrastructure assets, both above and below ground.

What are the expected benefits of implementing PointMan in refinery operations?

The implementation of PointMan is expected to streamline operational workflows, enhance asset visibility, and reduce maintenance-related risks often associated with refinery operations.

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