05:55:49 EDT Thu 03 Jul 2025
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Prostar Holdings Inc
Symbol MAPS
Shares Issued 155,900,886
Close 2025-05-12 C$ 0.13
Market Cap C$ 20,267,115
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Prostar, Javad GNSS enter partnership

2025-05-12 17:13 ET - News Release

Mr. Page Tucker reports

PROSTAR AND JAVAD GNSS ANNOUNCE A GLOBAL PARTNERSHIP TO DELIVER PRECISION MAPPING TECHNOLOGY TO THE UTILITY INDUSTRY

Prostar Holdings Inc. and Javad GNSS, the manufacturer of patented GNSS technologies, have partnered to bring Javad GNSS receivers to the utility and critical infrastructure industry.

This collaboration is the latest in Prostar's continuing strategy to integrate the world's best-in-class technologies into its PointMan solution, including software service providers and equipment manufacturers. By integrating the world's best-in-class technologies into PointMan, Prostar is creating the world's most powerful, precise, cost-effective and user-friendly precision mapping solution. These collaborations accelerate adoption and drive revenue by leveraging the company's partners' distribution networks and customer bases.

Javad is a world leader in providing patented multiconstellation, multifrequency GNSS technology for demanding industrial applications that include aerospace, marine and land survey industries. Javad products are world renowned for innovative advancements in accuracy, anti-spoofing, power efficiency and performance in harsh environments. The strategic partnership is designed to provide Prostar's PointMan with Javad's survey-grade GNSS receivers on a global basis through the Javad global distribution network.

"Our mission at Javad GNSS has always been to provide the most reliable, accurate and innovative positioning solutions," said Simon Baksh, vice-president of product development at Javad. "We made the decision to enter the utility mapping market, where we see tremendous growth opportunities on a global basis, and, after extensive research, chose PointMan to meet our demanding criteria. Partnering with Prostar allows us to bring Javad technologies to new markets where accurate geospatial data is crucial."

"We continue to strategically align ourselves with the world's leading equipment manufacturers and to establish PointMan as the global leader in precision mapping," stated Page Tucker, chief executive officer and founder of Prostar. "Javad GNSS receivers are world renowned in the aerospace and surveying industries for their performance and precision, and, combined with PointMan, create a best-in-class precision mapping solution for any stakeholder located anywhere in the world that desires to map the precise location of underground infrastructure even in the harshest environments."

About Prostar Holdings Inc.

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, improving workflows across their life cycle. Offered as a software-as-a-service platform, PointMan integrates with top geospatial technology providers and equipment manufacturers. Prostar holds 16 issued patents in the United States and Canada, supporting its strong intellectual property portfolio.

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