FOR IMMEDIATE RELEASE
Gatekeeper Systems Receives Notice of Award From
Fort Worth Independent School District
Abbotsford, BC January 20th, 2015 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI) is pleased to announce that it has received a notice of award (the “Contract”) from Fort Worth Independent School District (“Fort Worth ISD”), located in Texas, USA. The total Contract value begins at a minimum of approximately US $735,000 for a baseline two-camera system, to upwards of approximately US $1,200,000 if the project is expanded for a four-camera system with wireless configurations.
With over 490 school buses, Fort Worth ISD operates the third largest bus transportation fleet in North Texas, behind only Dallas County Schools with 1,900 buses, and Dallas Area Rapid Transit with 612 buses. Fort Worth ISD has chosen Gatekeeper to outfit their fleet of school buses with Gatekeeper’s mobile digital video recording system.
Gatekeeper will provide its mobile video recording platform scalable up to eight cameras, GPS, live video streaming over 4G cellular networks and in-yard wireless downloading, allowing for maximum video management efficiencies. The system is also capable of integrating Gatekeeper’s STUDENT PROTECTORTM high-speed license plate reading system to deter stop-arm violations. .
Doug Dyment, President and CEO of Gatekeeper commented “Fort Worth ISD has a long list of accolades relating to growth since 2011 including ‘fastest growing city in North Texas’ according to the North Central Texas Council, 2012. I couldn’t be more pleased with the decision of Fort Worth ISD’s management group for choosing Gatekeeper as its mobile video partner to provide video systems for its school buses. This Contract adds to our list of dedicated customers in the State of Texas and is an important part for executing our growth plan in Northern Texas.”
Pursuant to the Contract, the period of performance is for an initial one-year term with the option to extend for four additional years, in one-year increments. Option year renewal will automatically renew, subject to the availability of funds, vendor performance and mutual agreement, unless otherwise notified prior to the end of the period of performance. All services and purchases are subject to an authorized and bona-fide signed purchase order.
About Gatekeeper Systems Inc.
Founded in 1997, Gatekeeper Systems is a leading provider of high-resolution video security and safety systems for mobile applications. Our industry-leading Incident Management Software synchronizes real-time video, mapping, audio and vehicle sensors to create a total picture of operations. With these technologies, clients can detect, analyze and respond to safety and security threats anytime.
The Company is organized into two divisions:
Gatekeeper® mobile video division gives school bus managers tools to see 360 degrees in and around school buses and ensure the safety of the children they transport. These tools include multiple high-resolution color cameras that enhance safety inside the bus, and the Student Protector™ infrared license plate reading system. The Student Protector records the license plates of potentially deadly stop arm violators and issues tickets or citations for revenue sharing with the school district, county and Company. Gatekeeper’s transit bus surveillance system records up to 16 cameras in high resolution, allowing transit managers to view video live from buses or record evidence from all cameras.
Deep Development Corp. focuses on law enforcement, military and department homeland security markets. Brands XFORCE™ in-car video systems and body cameras are sold to law enforcement and police markets. The Viperfish® digital recorders are used in maritime and airborne applications including recording forward looking infrared and radar sensors on the AC-130 Gunships. Deep Development’s video management software assists its customers in management of video recorded in mission critical operations.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbour.
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