Jane King, New to The Street’s TV host, interviews Page Tucker, the Chief Executive Officer of ProStar Holdings, Inc. (OTCQX: MAPPF) (TSXV: MAPS) (FSE: 5D00) ($MAPPF) (“ProStar”). ProStar offers end-users mobile cloud-based software that captures and records data on the precise locations of critical underground utilities, pipelines and other infrastructures using GPS. The Company’s Software as a Service (Saas) business offers digital precision mapping solutions while utilizing its patented flagship product, PointMan™. Grant explains that infrastructure around the world is crumbling – not just roads and bridges, but underground pipelines and utilities. Today’s federal, state, and local governments have many regulations when it comes to site planning for above-ground and underground infrastructure projects. But 50-100 years ago, such regulations didn’t exist, which means pipelines and underground wires are hidden with very limited sitemaps on file. Grant explains that the Company’s PointMan product can ground penetrate an area and determine within a few centimeters’ the location of critical infrastructures and provide that information to a field office in real-time. With over 35 million miles of underground infrastructure in the US, construction projects need precise real-time digital data to ensure the location of pipelines and utilities before a problem occurs. The $1.2T US infrastructure bills allow for improvements in both above and below-ground infrastructure projects; contractors need an immediate solution to locate buried critical infrastructures before starting a project. Many Fortune 500 companies and government agencies utilize ProStar’s services to identify critical infrastructures. The interview will air on Newsmax, episode 461, April 29, 2023, at 3:30 PM ET. The on-screen QR code is available during the show; ProStar Holdings, Inc. – https://www.prostarcorp.com/.
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