SPXC - ProStar and Radiodetection Collaborate to Offer a Dynamic Packaged Solution | Benzinga
GRAND JUNCTION, Colo., Nov. 06, 2023 (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 ProStar and Radiodetection, a division of SPX Technologies, Inc. (NYSE:SPXC), have entered into a commercial business collaboration, whereby ProStar has granted Radiodetection a non-exclusive worldwide license to distribute PointMan and the rights to use PointMan to support the sale of Radiodetection utility locators.
Radiodetection is a world leader in the management of critical infrastructure and utilities, providing equipment and solutions designed to prevent damage and manage critical underground assets.
"We are delighted to collaborate with ProStar and to offer PointMan as part of a dynamic packaged solution now offered with our equipment," stated Thomas Turner, Product Management & Marketing Director of Radiodetection. "We recognize PointMan as being a leader in utility data collection software and the significant value that is provided by combining PointMan with our product line of utility locators."
ProStar is a world leader in the development of cloud and mobile precision mapping solutions designed to capture, record, and display the precise location of critical infrastructure. PointMan® software application is integrated with Radiodetection's products, and the parties have agreed that Radiodetection will sell PointMan together with Radiodetection's hardware as a package and/or separately as a software product.
"This marks a major milestone for us as Radiodetection is a world leader and a globally recognized brand name that provides us with a tremendous amount of exposure through their expansive distribution network that literally covers every region of the world," stated Page ...