Prostar Announces The Recent Addition Of One Of The Largest Private Construction Management Companies In The United States To Its Growing List Of Enterprise Customers
ProStar Holdings (TSXV: MAPS) (OTCQX: MAPPF) announced that one of the largest private construction management companies in the United States has adopted their PointMan® solution. The new client, which generates over $8 billion USD in annual revenue and operates from more than 50 locations nationwide, will initially implement PointMan for a project in Central Florida requiring high security and safety standards.
The implementation represents a pilot project to evaluate PointMan's effectiveness and ROI, with potential for wider adoption across their entire operations. Enterprise clients typically start with pilot projects before expanding usage across multiple regions, which can lead to exponential growth in license requirements. These large-scale implementations not only represent substantial revenue opportunities but also increase market awareness through exposure to the client's extensive contractor network.
ProStar Holdings (TSXV: MAPS) (OTCQX: MAPPF) ha annunciato che una delle più grandi aziende private di gestione delle costruzioni negli Stati Uniti ha adottato la loro soluzione PointMan®. Il nuovo cliente, che genera oltre 8 miliardi di USD di fatturato annuale e opera in oltre 50 sedi a livello nazionale, implementerà inizialmente PointMan per un progetto in Florida centrale che richiede elevati standard di sicurezza.
L'implementazione rappresenta un progetto pilota per valutare l'efficacia e il ritorno sugli investimenti di PointMan, con il potenziale per una più ampia adozione in tutte le loro operazioni. I clienti aziendali tipicamente iniziano con progetti pilota prima di espandere l'uso in più regioni, il che può portare a una crescita esponenziale nei requisiti di licenza. Queste implementazioni su larga scala non solo rappresentano opportunità di reddito sostanziali, ma aumentano anche la consapevolezza del mercato grazie all'esposizione alla vasta rete di appaltatori del cliente.
ProStar Holdings (TSXV: MAPS) (OTCQX: MAPPF) anunció que una de las empresas privadas más grandes de gestión de construcción en Estados Unidos ha adoptado su solución PointMan®. El nuevo cliente, que genera más de 8 mil millones de USD en ingresos anuales y opera desde más de 50 ubicaciones a nivel nacional, implementará inicialmente PointMan para un proyecto en Florida Central que requiere altos estándares de seguridad.
La implementación representa un proyecto piloto para evaluar la efectividad y el retorno de inversión de PointMan, con potencial para una adopción más amplia en todas sus operaciones. Los clientes empresariales típicamente comienzan con proyectos piloto antes de expandir su uso a múltiples regiones, lo que puede llevar a un crecimiento exponencial en los requisitos de licencia. Estas implementaciones a gran escala no solo representan oportunidades de ingresos sustanciales, sino que también aumentan la conciencia del mercado a través de la exposición a la extensa red de contratistas del cliente.
ProStar Holdings (TSXV: MAPS) (OTCQX: MAPPF)는 미국의 가장 큰 민간 건설 관리 회사 중 하나가 그들의 PointMan® 솔루션을 채택했다고 발표했습니다. 이 새로운 고객은 연간 80억 달러 이상의 수익을 창출하고 있으며, 전국 50개 이상의 위치에서 운영되고 있습니다. 초기에는 중앙 플로리다에서 높은 보안 및 안전 기준이 필요한 프로젝트에 PointMan을 구현할 예정입니다.
이 구현은 PointMan의 효과성과 ROI를 평가하기 위한 파일럿 프로젝트를 나타내며, 전체 운영으로의 광범위한 채택 가능성을 가지고 있습니다. 기업 고객들은 일반적으로 여러 지역으로 사용을 확장하기 전에 파일럿 프로젝트로 시작하며, 이는 라이센스 요구 사항에서 기하급수적인 성장을 이끌 수 있습니다. 이러한 대규모 구현은 상당한 수익 기회를 나타낼 뿐만 아니라 고객의 광범위한 하청업체 네트워크에 노출되어 시장 인식을 증가시킵니다.
ProStar Holdings (TSXV: MAPS) (OTCQX: MAPPF) a annoncé qu'une des plus grandes entreprises privées de gestion de la construction aux États-Unis a adopté leur solution PointMan®. Le nouveau client, qui génère plus de 8 milliards USD de revenus annuels et opère dans plus de 50 lieux à travers le pays, mettra initialement en œuvre PointMan pour un projet en Floride centrale nécessitant des normes de sécurité élevées.
Cette mise en œuvre représente un projet pilote pour évaluer l'efficacité et le retour sur investissement de PointMan, avec un potentiel d'adoption plus large dans l'ensemble de leurs opérations. Les clients d'entreprise commencent généralement par des projets pilotes avant d'étendre leur utilisation à plusieurs régions, ce qui peut entraîner une croissance exponentielle des exigences de licence. Ces mises en œuvre à grande échelle représentent non seulement des opportunités de revenus substantielles, mais augmentent également la notoriété du marché grâce à l'exposition au vaste réseau d'entrepreneurs du client.
ProStar Holdings (TSXV: MAPS) (OTCQX: MAPPF) gab bekannt, dass eines der größten privaten Bauverwaltungsunternehmen in den Vereinigten Staaten ihre PointMan®-Lösung übernommen hat. Der neue Kunde, der über 8 Milliarden USD Jahresumsatz generiert und von mehr als 50 Standorten im ganzen Land opereiert, wird PointMan zunächst für ein Projekt in Zentralflorida implementieren, das hohe Sicherheitsstandards erfordert.
Die Implementierung stellt ein Pilotprojekt dar, um die Effektivität und den ROI von PointMan zu bewerten, mit dem Potenzial für eine breitere Anwendung in ihrem gesamten Betrieb. Großkunden beginnen typischerweise mit Pilotprojekten, bevor sie die Nutzung auf mehrere Regionen ausweiten, was zu einem exponentiellen Wachstum der Lizenzanforderungen führen kann. Diese großangelegten Implementierungen stellen nicht nur erhebliche Umsatzmöglichkeiten dar, sondern erhöhen auch das Marktbewusstsein durch die Exposition gegenüber dem umfangreichen Netzwerk von Auftragnehmern des Kunden.
- Secured contract with a major construction company generating $8B+ annual revenue
- Potential for expansion across 50+ locations nationwide after successful pilot
- Enterprise client acquisition demonstrates market validation
- Opportunity for exponential growth in license sales if widely adopted
- Initial implementation to single pilot project
- Full-scale adoption dependent on successful pilot performance
GRAND JUNCTION, Colo., Jan. 22, 2025 (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 one the largest private construction management companies in United States has adopted ProStar’s PointMan® solution.
This Company, with over 50 locations nationwide is frequently included in the Top 10 of the Engineering News-Record's annual Top 400 contractors, and annual revenue over
Enterprise clients typically begin by implementing PointMan through a pilot project to evaluate its effectiveness and ROI. Upon successful testing these organizations over time can expand their use of PointMan on numerous projects in multiple regions, exponentially increasing the number of licenses required to support their enterprise-wide needs. Enterprise companies with national and global operations represent a substantial revenue opportunity due to their scale. Beyond the financial impact, these clients expose PointMan to the extensive network of contractors and subcontractors they work with, further amplifying our market awareness.
“We are delighted to welcome another major industry leader to our growing portfolio of enterprise clients,” said Page Tucker, CEO and founder of ProStar. “The addition of several major enterprise clients in recent months underscores the tangible value PointMan delivers to these companies. More importantly, it signals a significant industry shift from outdated practices toward modern, efficient solutions powered by innovative technologies like PointMan.”
About ProStar:
ProStar is an industry leading 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, including buried utilities and pipelines.
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.
For more information about ProStar, please visit www.prostarcorp.com.
Contact:
Page Tucker
CEO & Founder
ptucker@prostarcorp.com
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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’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 most recent Annual Management’s 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’s issuer page on SEDAR + at www.sedarplus.ca.
FAQ
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