Initiation of Coverage on ProStar Holdings

Water Tower Research Publishes Initiation of Coverage Report on ProStar (TSX-V: MAPS; OTCQX: MAPPF) Titled “Precision Mapping Technology Leader Sees Doubling of Revenue from US Infrastructure Buildout.“

April 12, 2022, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage report on ProStar (TSX-V: MAPS; OTCQX: MAPPF), a leader in mapping software for critical infrastructure. The report centers around ProStar’s PointMan products, its ability to increase data accuracy by 100x, and moving infrastructure companies from paper to a cloud-based real-time system.

“After a three-year redesign of the software lead by an ex-Sun Microsystems CTO, COO Vasa Dasan, ProStar is now evolving from product development to selling. The market is over $1 billion in the US alone and over $4 billion globally.” said John M.A. Roy, Managing Director, Technology at Water Tower Research. “ProStar is projecting a revenue CAGR > 100% over the next three years and to have positive EBITDA and positive free cash flow in 2023.”

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Tags: infrastructure, saas, Micro-cap, software, Growth, Mapping