GRAND JUNCTION

ProStar Announces Stake Center Locating Is Evaluating PointMan

Retrieved on: 
Tuesday, April 23, 2024
MasterCraft, Traction, Workflow, GameChanger, Pointman, Growth, Stake (Latter Day Saints), Oil

Stake Center Locating is a premium utility locating company with extensive resources and decades of experience; they are also the market leader in high-risk infrastructure and fiber optic network locating.

Key Points: 
  • Stake Center Locating is a premium utility locating company with extensive resources and decades of experience; they are also the market leader in high-risk infrastructure and fiber optic network locating.
  • Operating in 48 states, with over 1,200 employees that provide over 850,000 locates per month, Stake Center Locating prioritizes safety, accuracy, and quality above all.
  • “We take great pride in being the industry leader in utility detection business practices,” stated David Kennedy CIO Stake Center Locating.
  • “Stake Center’s decision to adopt PointMan will help transform the current utility locating business practices and workflows,” said Page Tucker, CEO of ProStar.

XPO Opens Three New Service Centers in Growing Freight Markets to Enhance Service for Customers

Retrieved on: 
Wednesday, April 10, 2024
LTL, XPO, I-65, Transport, Yellow Corporation, Tunnel

These are the first sites to begin operations among the 28 locations that XPO acquired from Yellow Corporation in December 2023.

Key Points: 
  • These are the first sites to begin operations among the 28 locations that XPO acquired from Yellow Corporation in December 2023.
  • With these three new locations, XPO’s North American network now includes 297 service centers.
  • Each service center is in a prime position to enhance our nationwide capacity, service excellence and operating efficiency.
  • Nogales, Arizona: Located on a four-acre site just minutes from the southern US border, this facility will provide additional support for XPO to meet the rapidly growing need for cross-border freight service to and from Mexico.

ProStar Holdings Announces Closing of First Tranche of Private Placement for Gross Proceeds of US$1 Million

Retrieved on: 
Wednesday, March 27, 2024
Indian stock exchange, Interest, Exercise, Minority, Common, The Company, Warrant, Sale, Regulation, Acquisition, News, Disclosure, National instrument, Marketing, Intervention (law), Multilateral, Related, Person, Security (finance)

The Company will use the proceeds from the First Tranche for sales, marketing, and working capital requirements.

Key Points: 
  • The Company will use the proceeds from the First Tranche for sales, marketing, and working capital requirements.
  • Wayne Moore, a director of the Company (the “Interested Party”), purchased or acquired direction or control over a total of 6,250,000 Units as part of the First Tranche.
  • The placement to the Interested Party constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
  • Wayne Moore, a director of the Company, acquired 6,250,000 Units at the Offering Price for aggregate consideration of US$750,000.

ProStar Holdings Announces Non-Brokered Private Placement

Retrieved on: 
Wednesday, March 13, 2024
Indian stock exchange, TSX Venture Exchange, Offering, Minority, The Company, Warrant, Sale, Regulation, News, MasterCraft, Legislation, Marketing, Person, Security (finance)

GRAND JUNCTION, Colo., March 13, 2024 (GLOBE NEWSWIRE) -- (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00) ProStar Holdings Inc. (the "Company" or "ProStar®") a world leader in Precision Mapping Solutions®, is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,500,000 (the "Offering").

Key Points: 
  • GRAND JUNCTION, Colo., March 13, 2024 (GLOBE NEWSWIRE) -- (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00) ProStar Holdings Inc. (the "Company" or "ProStar®") a world leader in Precision Mapping Solutions®, is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,500,000 (the "Offering").
  • Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a “Warrant”).
  • The Company will use the proceeds of the Offering for sales, marketing, and working capital requirements.
  • Directors and officers of ProStar and shareholders owning more than 10% of the Common Shares may participate in the Offering for a yet to be determined amount.

ProStar and Topcon Announce Technology Integration with PointMan

Retrieved on: 
Monday, February 26, 2024
Radar, GNSS, TYO, Pointman, Android (operating system), Probability, MasterCraft, Partnership, Satellite navigation device

GRAND JUNCTION, Colo., Feb. 26, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc., ("ProStar®" or "the Company") (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions, is pleased to announce a technology integration with Topcon Corp (TYO: 7732). The integration combines ProStar's utility mapping software, PointMan®, and Topcon's fixed and portable GNSS antennas. The technology integration provides Topcon users with a seamless and easy to use utility data collection solution to capture, record, and display the precise location of critical underground infrastructure anywhere in the world.

Key Points: 
  • GRAND JUNCTION, Colo., Feb. 26, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc., ("ProStar®" or "the Company") (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions, is pleased to announce a technology integration with Topcon Corp (TYO: 7732).
  • The integration combines ProStar's utility mapping software, PointMan®, and Topcon's fixed and portable GNSS antennas.
  • The technology integration provides Topcon users with a seamless and easy to use utility data collection solution to capture, record, and display the precise location of critical underground infrastructure anywhere in the world.
  • The technology integration of PointMan with Topcon GNSS receivers means that PointMan now supports Topcon Hiper VR highly versatile GNSS receivers for mobile devices running the Google Android operating system.

Enterprise Begins Initial Service on TW Products System

Retrieved on: 
Thursday, March 7, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Multimedia, Natural gas, Gasoline, Transport, NGL, Atlas, Enterprise Products, EPD, Security (finance), Chaparral, JAL, Risk, Partner, Petroleum

Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced that the first phase of its Texas Western Products System (“TW Products System”) is now in service with the start of truck loading operations at the company’s new Permian terminal in Gaines County, Texas.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced that the first phase of its Texas Western Products System (“TW Products System”) is now in service with the start of truck loading operations at the company’s new Permian terminal in Gaines County, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20240307497958/en/
    Enterprise's Hobbs TW Products terminal is located in Gaines County, Texas.
  • (Photo: Business Wire)
    “Once completed, the TW Products System will provide supply reliability and diversity to the historically underserved gasoline and diesel markets in the southwest United States,” said A.J.
  • Utilizing a batched delivery system will give the company the ability to continue transporting mixed NGLs and NGL purity products in addition to gasoline and diesel.

ProStar Announces Convertible Debenture Financing and Warrant Repricing

Retrieved on: 
Wednesday, January 17, 2024
Private, Finance Secretary (India), Conversion, Indian stock exchange, Debt, Offering, Minority, TSX Venture Exchange, Multilateral, Exercise, Security (finance)

GRAND JUNCTION, Colo., Jan. 17, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (“ProStar®” or the “the Company”) (TSXV: MAPS) ( OTCQB: MAPPF ) a world leader in Precision Mapping Solutions®, is pleased to announce that the Company intends to complete a non-brokered private placement of convertible debentures of the Company (each, a “Convertible Debenture”) in the principal amount of up to US$3,000,000 (the “Offering”).

Key Points: 
  • Each Convertible Debenture will bear interest at a rate of 10% per annum, calculated and compounding annually, and mature four (4) years following the date of issuance (the “Maturity Date”).
  • The principal amount of each Convertible Debenture (the “Principal Amount”) will be convertible into units of the Company (each a “Unit”) at a conversion price of C$0.30 per Unit (the “Conversion Price”) at the option of the holder of a Convertible Debenture (“Debenture Holder”) at any time prior to the Maturity Date.
  • Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).
  • Each full Warrant will entitle the holder thereof to purchase one common share of the Company (a “Warrant Share”) at a price of C$0.30 per Common Share for a period of twelve (12) months from the date of issuance thereof (the “Warrant Expiry Date”).

ProStar Announces the Launch of an eStore to Facilitate Global Online Customer Purchases

Retrieved on: 
Thursday, January 11, 2024
GIS, E-commerce, MasterCraft, Environment, Pointman, Acquisition, Interest, IOS, Online shopping

The new eStore is designed to revolutionize the purchasing experience for ProStar’s precision mapping solutions among both customers and distributors.

Key Points: 
  • The new eStore is designed to revolutionize the purchasing experience for ProStar’s precision mapping solutions among both customers and distributors.
  • Initial feedback and interest highlighted by unsolicited customer transactions have been promising.
  • Simultaneously, for PointMan distributors, the eStore extends ProStar’s marketing reach, enhances efficiency and scalability, and provides data-driven insights.
  • I am confident that the new eStore will increase ProStar’s footprint and market share worldwide.”

ProStar Announces the Integration of PointMan with Rycom Instruments

Retrieved on: 
Monday, January 8, 2024
Partnership, Probability, Pointman, MasterCraft, Pathfinder, Construction, Radar

GRAND JUNCTION, Colo., Jan. 08, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (“ProStar®” or the “the Company”) (TSXV: MAPS) (OTCQB: MAPPF) a world leader in Precision Mapping Solutions®, is pleased to announce the successful integration of its flagship product, PointMan®, into Rycom Instruments® cable and pipe locating devices.

Key Points: 
  • GRAND JUNCTION, Colo., Jan. 08, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (“ProStar®” or the “the Company”) (TSXV: MAPS) (OTCQB: MAPPF) a world leader in Precision Mapping Solutions®, is pleased to announce the successful integration of its flagship product, PointMan®, into Rycom Instruments® cable and pipe locating devices.
  • As a result of this integration, Rycom Instrument’s Pathfinder devices now have the ability to capture, record, and share the precise location of buried utilities and pipelines anywhere in the world with PointMan.
  • “We are very excited about the integration of Rycom Pathfinder with ProStar’s PointMan,” stated Doug Reitz, Executive VP of Rycom.
  • I would like to thank Rycom Instruments and note the partnership with Rycom Instruments is not only a strong indication that the construction industry is entering into a digital transformation, it is also evident that PointMan is leading it.”

ProStar Announces That It Has Reached Settlement Terms With Eos Positioning Systems, Inc. Regarding Patent Suit

Retrieved on: 
Saturday, November 18, 2023
FSE, Prejudice, Eos, MasterCraft, Patent

22-201 (MN) against ProStar claiming a number of the ProStar’s patents were invalid.

Key Points: 
  • 22-201 (MN) against ProStar claiming a number of the ProStar’s patents were invalid.
  • The matter has now been resolved to the satisfaction of all parties and the lawsuit is dismissed with prejudice.
  • As part of the settlement, any additional terms beyond what is detailed in publicly available documents are not being disclosed.
  • “With this patent invalidation lawsuit now behind us, we plan to keep enforcing our patent portfolio.”