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.”

About Water Tower Research

Water Tower Research is an investor engagement and stakeholder communication platform powered by Wall Street veterans with significant experience and credibility. We create, deliver, and maintain the information flow required to build and preserve relationships between companies and all their stakeholders and investors. “Research for the other 99%” opens the door for every investor to stay informed and ensures transparency, better engagement, and equal communication.

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

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