The Township of Aberdeen Adopts ProStar's Solution to Meet New Jersey Department of Environmental Protection (NJDEP) Mandate

Rhea-AI Summary

ProStar Holdings Inc. (OTCQB: MAPPF) has signed an agreement with Aberdeen Township, New Jersey, to implement its PointMan solution as the system of record for mapping, complying with New Jersey Department of Environmental Protection mandates. The adoption of PointMan, which excels in affordability and ease of use, aims to help municipalities meet precise GPS data standards. ProStar's President highlighted the substantial market potential within the 38,000 small U.S. municipalities lacking comprehensive mapping systems, positioning PointMan as a leading solution in this space.

Positive

• Aberdeen's adoption of PointMan increases ProStar's market presence in New Jersey.
• PointMan exceeds NJDEP's mapping and data standards, enhancing ProStar's product credibility.
• Potential for expansion into other small municipalities across the U.S.

Negative

• None.

GRAND JUNCTION, Colo., Oct. 7, 2021 /PRNewswire/ -- ProStar Holdings Inc. ("ProStar®" or the "the Company") (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00) a world leader in Precision Mapping Solutions^®, is pleased to announce the signing the Township of Aberdeen, New Jersey. Aberdeen adopts ProStar's solution, PointMan, as its system of record (SOR) to meet the New Jersey Department of Environmental Protection (NJDEP) mandate for Mapping and Digital Data Standards.

"ProStar's solution was chosen for many key reasons including the fact it is affordable, easy to use, and provides exactly what we need to meet the NJDEP mandate for precision and collection parameters standards," stated Sandra Caceres Director of Public Works for the Township of Aberdeen, New Jersey. "There is nothing on the market even remotely close to PointMan, and I believe that there will be a larger number of other small municipalities in the U.S. that are also looking for a comprehensive mapping solution that is affordable and easy to implement and manage and in particular here in New Jersey based on state mandates."

New Jersey Bureau of Geographic Information Systems in collaboration with the New Jersey Department of Environmental Protection, mandates that all GPS data collection submitted to the State meet minimum data standards for both data quality and accuracy. PointMan exceeds the New Jersey mandate specification and is designed to be an easy to use and affordable solution that meets the workflow processes and business practices of municipalities.

Page Tucker, President and CEO of ProStar, stated today: "Signing the Township of Aberdeen is further proof that small cities provide a tremendous opportunity for us. There are approximately 38,000 municipalities in the U.S. with populations under 20,000, and a vast majority do not have a comprehensive digital system of record for mapping and managing critical infrastructure. With PointMan, they now have a solution that is simple and affordable."

About Aberdeen:
Aberdeen Township is a Township in Monmouth County, New Jersey, United States. As of the United States 2010 Census, the township population was 18,210. Aberdeen Township is part of the Bayshore Regional Strategic Plan, an effort by nine municipalities in northern Monmouth County to reinvigorate the area's economy by emphasizing the traditional downtowns, dense residential neighborhoods, maritime history, and the natural beauty of the Raritan Bay coastline.

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 seamlessly connects the field with the office and provides the ability to precisely capture, record, display, and manage critical infrastructure, including roads, railways, pipelines, and utilities. Some of the largest entities in North America have adopted ProStar's solutions, including Fortune 500 construction firms, Subsurface Utilities Engineering (SUE) firms, utility owners, and government agencies.

ProStar has strategic business partnerships are 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 20 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.

ProStar's Executive management team has extensive experience in the management of both early stage and Fortune 500 technology companies in the private and public sectors.

For more information about ProStar, please visit: www.prostarcorp.com.

Contact:
Alex Moore,
Investor Relations
970-822-4792
Investorrelations@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 Information Circular filed on SEDAR on November 20, 2020 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.sedar.com.

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SOURCE ProStar Corp

FAQ

What recent contract did ProStar Holdings Inc. secure involving MAPPF?

ProStar Holdings Inc. signed a contract with Aberdeen Township, New Jersey, to utilize its PointMan solution as the system of record for mapping.

How does ProStar's PointMan solution comply with New Jersey regulations?

PointMan meets the New Jersey Department of Environmental Protection mandates for GPS data quality and accuracy.

What is the significance of ProStar's agreement with Aberdeen for MAPPF shareholders?

The agreement enhances ProStar's credibility and opens up potential opportunities within the market of small municipalities, which could drive future sales and revenue growth.

When was the ProStar contract with Aberdeen Township announced?

The contract was announced on October 7, 2021.

What market opportunity does ProStar see with its PointMan solution in the U.S.?

ProStar identifies a significant opportunity among the approximately 38,000 municipalities in the U.S. with populations under 20,000 that lack comprehensive mapping solutions.