"ProStar is a pioneer in precision utility locating, precision utility mapping, as well as digital management and distribution of utility information," said Raymond R. Tabandeh, the LRRC partner who prosecuted the patent. "This is ProStar's 20th issued patent and further buttresses ProStar's extensive U.S. and Canadian patent portfolio," added Tabandeh.
ProStar's issued patent covers the system and methods for generating a precise location of a buried utility, as well as displaying the information and sharing the information in real time. The patent is comprehensive and includes information about the topography of a region and the utilities located within the region. The patented method and system covers critical information that is required, including providing information about the topography of the region; receiving information about a user collecting data related to one or more utilities in the region; receiving information about time and date of the collected data; receiving information about each of the utilities; receiving information about the location of each of the utilities; receiving information about the manner of collecting data; receiving information about revisions made to the information about the map; and integrating the received information with the information about the topography of the region into a geospatial data transaction. The information may then be displayed with reference to imagery of the area in real-time.
ProStar's Chief Executive Officer and a coinventor of the issued patent, Page Tucker, stated, "It is a major milestone to have been issued our 20th patent. Not only does this issuance validate that we are the pioneer in utility mapping, but this issuance also puts us in a strong position supported by a very extensive IP portfolio to start prosecuting any patent infringements."
About Lewis Roca Rothgerber Christie LLP
Ranked in the Top 50 Patent Firms in the U.S. by Juristat, Lewis Roca Rothgerber Christie's patent attorneys have an undergraduate degree in science or engineering, and many of the attorneys have graduate degrees, enabling them to have a deeper understanding of clients' technology. Lewis Roca Rothgerber Christie serves clients along the full spectrum of disciplines mathematics, chemistry, physics, computer science, electrical engineering, even naval architecture. Extensive patent services include: Patent Prosecution, Patent Litigation, Design Patents, International Patent Protection, Patent Opinions & Evaluations, Prior Art Searches & Evaluations, and PTAB Proceedings.
About ProStar® (TSXV: MAPS) (FSE: 5D00)
ProStar® is a world leader in Precision Mapping Solutions®. ProStar's flagship product, PointMan®, is natively cloud and mobile and is offered as a Software as a Service (SaaS). ProStar's solutions seamlessly connect the field with the office and provides the ability to precisely capture, record, display, and manage critical infrastructure data in real-time, 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, including Trimble®, Juniper® Systems, Bad Elf, Vivax-Metrotech, Radiodetection®, and Subsite® Electronics.
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, with more pending. 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. The leadership team includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua, previous Chief Information Officer of HSBC Canada and Europe, and Matthew Breman, prior Executive for Disney.
For more information about ProStar, please visit: www.prostarcorp.com.
Contact
Alex Moore
Investor Relations Support
investorrelations@prostarcorp.com
970-242-4024
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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 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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