ProStar Holdings announces that Ontario Transit Group has adopted its PointMan solution for utility damage prevention of underground infrastructure. The Group, a joint venture between Ferrovial Construction and VINCI Construction Grand Projects, was awarded a CDN$6-billion contract for the Ontario Line project by Infrastructure Ontario and Metrolinx.
The project involves a 15.6-kilometre subway line with 15 new stations, running from Exhibition Place through downtown Toronto to Don Mills Road. PointMan’s precise geolocation capabilities will be important for mapping and managing underground utilities, helping avoid disruptions and ensure safe, efficient project completion.
ProStar Holdings annuncia che il Ontario Transit Group ha adottato la sua soluzione PointMan per la prevenzione dei danni alle infrastrutture sotterranee. Il gruppo, una joint venture tra Ferrovial Construction e VINCI Construction Grand Projects, ha ricevuto un contratto di 6 miliardi di CDN$ per il progetto della Ontario Line da Infrastructure Ontario e Metrolinx.
Il progetto prevede una linea della metropolitana di 15,6 chilometri con 15 nuove stazioni, che corre da Exhibition Place attraverso il centro di Toronto fino a Don Mills Road. Le precise capacità di geolocalizzazione di PointMan saranno fondamentali per mappare e gestire le utility sotterranee, contribuendo a evitare disagi e garantire un completamento sicuro ed efficiente del progetto.
ProStar Holdings anuncia que el Ontario Transit Group ha adoptado su solución PointMan para la prevención de daños en la infraestructura subterránea. El grupo, una empresa conjunta entre Ferrovial Construction y VINCI Construction Grand Projects, fue awarded un contrato de 6 mil millones de CDN$ para el proyecto de la Ontario Line por Infrastructure Ontario y Metrolinx.
El proyecto involucra una línea de metro de 15.6 kilómetros con 15 nuevas estaciones, que va desde Exhibition Place a través del centro de Toronto hasta Don Mills Road. Las precisas capacidades de geolocalización de PointMan serán importantes para mapear y gestionar las utilidades subterráneas, ayudando a evitar interrupciones y a asegurar una finalización del proyecto segura y eficiente.
ProStar Holdings는 Ontario Transit Group가 지하 인프라 손상 방지를 위해 PointMan 솔루션을 채택했다고 발표했습니다. Ferrovial Construction과 VINCI Construction Grand Projects 간의 조인트 벤처인 이 그룹은 Infrastructure Ontario와 Metrolinx로부터 Ontario Line 프로젝트에 대한 60억 캐나다 달러 계약을 수주했습니다.
이 프로젝트는 Exhibition Place에서 토론토 중심부를 거쳐 Don Mills Road까지 이어지는 15.6킬로미터 길이의 지하철 노선과 15개의 새로운 역을 포함합니다. PointMan의 정밀 지리 위치 능력은 지하 유틸리티를 맵핑하고 관리하는 데 중요하며, 중단을 피하고 안전하고 효율적인 프로젝트 완료를 보장하는 데 도움을 줄 것입니다.
ProStar Holdings annonce que le Ontario Transit Group a adopté sa solution PointMan pour la prévention des dommages aux infrastructures souterraines. Le groupe, une coentreprise entre Ferrovial Construction et VINCI Construction Grand Projects, a obtenu un contrat de 6 milliards de CDN$ pour le projet de la ligne Ontario par Infrastructure Ontario et Metrolinx.
Le projet comprend une ligne de métro de 15,6 kilomètres avec 15 nouvelles stations, allant d’Exhibition Place à travers le centre-ville de Toronto jusqu’à Don Mills Road. Les capacités précises de géolocalisation de PointMan seront essentielles pour cartographier et gérer les utilitaires souterrains, contribuant à éviter les perturbations et à garantir une réalisation sûre et efficace du projet.
ProStar Holdings gibt bekannt, dass die Ontario Transit Group ihre Lösung PointMan zur Vermeidung von Schäden an unterirdischer Infrastruktur angenommen hat. Die Gruppe, ein Joint Venture zwischen Ferrovial Construction und VINCI Construction Grand Projects, erhielt einen Vertrag über 6 Milliarden CDN$ für das Ontario Line-Projekt von Infrastructure Ontario und Metrolinx.
Das Projekt umfasst eine 15,6 Kilometer lange U-Bahnlinie mit 15 neuen Stationen, die von Exhibition Place über das Stadtzentrum von Toronto bis zur Don Mills Road verläuft. Die präzisen Geolokalisierungsfähigkeiten von PointMan sind wichtig für die Kartierung und Verwaltung von unterirdischen Versorgungsleitungen und helfen, Unterbrechungen zu vermeiden und eine sichere, effiziente Projektfertigstellung zu gewährleisten.
Positive
- Secured contract with major infrastructure consortium for CDN$6-billion Ontario Line project
- Strategic implementation in a large-scale transit infrastructure project
- Technology adoption by significant industry players validates ProStar’s market position
GRAND JUNCTION, Colo., Nov. 20, 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 that Ontario Transit Group has adopted ProStar’s PointMan for utility damage prevention of underground infrastructure.
Ontario Transit Group, a joint venture between Ferrovial Construction and VINCI Construction Grand Projects, was awarded the CDN
“One of the most significant challenges we will face on a project of this magnitude will be identifying the precise location of the existing buried infrastructure, including all of the utilities that have been installed over the past century,” stated Hetanshi Patel, GIS Manager at Ontario Transit Group Constructor. “PointMan will be instrumental in mapping and managing the underground utilities, and its precise geolocation capabilities are critical for avoiding disruptions and ensuring that the project is completed safely and efficiently.”
Once complete, the Ontario Line will be a 15.6-kilometre subway line that will make it faster and easier to travel within Toronto and beyond. The line will bring 15 new stations to the city and will run from Exhibition Place, through the heart of downtown, all the way to the Eglinton Crosstown LRT at Don Mills Road.
“Being selected for a project of this magnitude by such a respected industry consortium is a testament to the value that PointMan provides and a key indicator of the ongoing transformation of the construction industry from paper and manual business practices into the digital era,” remarked Page Tucker, CEO. “This further solidifies ProStar’s position as a recognized leader in this transformation.”
About Ontario Transit Group:
Ontario Transit Group (OTG) is a joint venture between Ferrovial Construction and Vinci Construction Grands Projects (through their subsidiary JANIN ATLAS) to design, build, and deliver the Ontario Line Subway – Southern Civil, Stations and Tunnel contract for Metrolinx and Infrastructure Ontario. For more information about Ontario Transit Group, please visit ontariotransitgroup.ca.
Correction to Finder’s Warrants Issuable in the Company’s Private Placement of Units
Further to the Company’s news release dated November 1, 2024 announcing the closing of the Company’s non-brokered private placement of units (the “Closing News Release”), the Closing News Release incorrectly stated that the Company paid fees to eligible finders consisting of: (i) C
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 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. 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.
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
What is the value of the Ontario Line contract where ProStar’s PointMan (MAPPF) will be implemented?
The Ontario Line contract is valued at CDN$6-billion, awarded to Ontario Transit Group by Infrastructure Ontario and Metrolinx.
How long will the Ontario Line be where ProStar (MAPPF) PointMan is being used?
The Ontario Line will be a 15.6-kilometre subway line with 15 new stations, running from Exhibition Place through downtown Toronto to Don Mills Road.
What will ProStar’s PointMan (MAPPF) be used for in the Ontario Line project?
PointMan will be used for utility damage prevention, mapping and managing underground infrastructure, with its precise geolocation capabilities helping avoid disruptions during construction.