-- ProStar Holdings (MAPS.V), a global player in Precision Mapping Solutions, said Friday that it has launched TracksAI, an AI-driven reporting and analytics module to help organizations "unlock the full value of their geospatial and operational data".
The module, which integrates with ProStar's other products, PointMan and LinQD, is designed to "transform complex data into actionable data intelligence to support timely decision-making", a statement added.
ProStar chief executive officer Page Tucker said: "For years, organizations have been collecting vast amounts of data but have lacked the ability to fully utilize it. TracksAI changes that by transforming data into actionable data intelligence in real time."
ProStar also clarified a Feb. 13 release concerning its US$675,000 private placement of secured convertible debentures. ProStar advises that when the debentures are converted into units, the company will issue a total of 6.75 million units.
Each unit will comprise one share and one-half of a warrant. A total of 6.75 million shares and 3.375 million warrants will be issued when the debentures are converted. Each warrant can buy one share at US$0.14 each for five years.
ProStar shares were last seen unchanged at $0.13, on the TSX Venture Exchange.