Gatekeeper Announces $5M SEPTA Transit Video Upgrade Contract
Abbotsford, BC – May 9, 2022 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V:GSI) (OTC:GKPRF) a video and data solutions provider for public transportation and smart cities, is pleased to announce that its wholly-owned subsidiary, Gatekeeper Systems USA Inc. located in Bristol, PA, has received a purchase contract for approximately US$3.95 million (approximately C$5.08 million) from the Southeastern Pennsylvania Transit Authority (SEPTA) for transit bus video upgrades and mobile data collector upgrades. Installation is expected to be completed prior to October 2022.
SEPTA is the Company’s largest customer and other previously announced contracts include:
- March 2022 – C$0.9M for transit bus wireless data connectivity, server upgrades;
- October 2019 – C$6.3M for NTSB compliant digital video recorders on trains;
- October 2019 – C$11.8M over 5 years for vehicle video system maintenance services;
- February 2019 – C$2.0M for video system solutions;
- November 2018 – Video systems on 335 hybrid transit buses manufactured by New Flyer;
- November 2018 – C$1.5M for video systems solutions for trains.
SEPTA is one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area and connecting to transit systems in Delaware and New Jersey. Its services include regional rail, buses, trolleys, subway and a high-speed line to western suburbs.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, thermal cameras, and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems in a Smart City ecosystem. The Company’s Platform-as-a-Service (PaaS) business model is an enabling transformation to a video and data solutions provider for intelligent transit and Smart Cities. www.gatekeeper-systems.com
President & CEO
Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management’s discussion and analysis for the quarter ended February 28, 2022. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management’s current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
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.