FOR IMMEDIATE RELEASE
Gatekeeper Announces Record-Breaking Backorders of over $2.7 Million; Receives $447,000 In New Contracts
Abbotsford, BC February 29th 2016 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to report that it has received new purchase orders for its next generation high-definition mobile video systems worth approximately $447,000 CDN (the “New Orders”) for customers located within the United States and Canada. With the New Orders, Gatekeeper has reached over $2.7 million CDN in backorders as of February 15, 2016, representing the highest sales backorder in the Company’s history to date.
Customers making up the New Orders include Alpine School District Utah, Anchorage School District Alaska, Saskatchewan River School District, and International Corporation Alberta.
Products provided include Gatekeeper high-definition mobile video systems, including one hundred and forty high-definition cameras to record stop-arm violations on Saskatchewan River School Districts buses.
Gatekeeper’s technology has been designed to meet tough military standards for shock, vibration heat and cold. Rough road conditions as well as extreme weather fluctuations found in Alaska, Saskatchewan, Alberta, and Utah are some of the toughest conditions for a school bus video system to operate reliably. Gatekeeper’s next generation high-definition mobile video systems were designed to operate in these extreme environments.
President and CEO Doug Dyment stated, “These new orders were received in the second fiscal quarter 2016 and we intend to ship these orders by the third fiscal quarter of 2016. Our total backorder has hit new highs increasing over $2.7 million as of the week of February 15, 2016, and we are on track to accomplish our revenue goals for the current fiscal year end.”
For more information please contact:
Gatekeeper Systems Inc.
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About Gatekeeper Systems Inc.
Gatekeeper provides innovative, end-to-end video safety and security solutions for mobile applications including body cameras, in-car police video systems, school bus video and stop arm camera video enforcement systems, transit bus video systems, and airborne digital recording systems for military applications.
The Company is headquartered in Abbotsford, British Columbia, Canada, and its shares are traded on the TSX Venture Exchange under the symbol “GSI”, on the OTC Markets under the symbol “GKPRF”, and on the Frankfurt Stock Exchange under the symbol “1GK”.
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.