Gatekeeper Announces Director Resignation

Gatekeeper Announces Director Resignation

Abbotsford, BC – February 2, 2022 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a video and data solutions provider for public transportation and smart cities, announces that Charlie Bruce has resigned as director of the Company effective February 1, 2022.

Mr. Bruce was appointed to Gatekeeper’s board of directors in November 2017. In 2019, Mr. Bruce assumed the role of Senor Vice President of National Express LLC. (NELLC) with increasing responsibilities which now also include initiatives relating to the electrification of school buses. Mr. Bruce had previously served as the Chief Operating Officer of NELLC until December 2014. NELLC is the North American subsidiary of National Express Group, PLC, one of the premier transportation firms in the United Kingdom. NELLC’s home-to-school companies operate more than 22,500 school buses, serve more than 550 school districts in 33 states and three provinces, and transport more than 1.3 million students on a daily basis.

“We are grateful to have benefited from Charlie’s vast industry knowledge and his contribution to Gatekeeper over the past four years,” commented Doug Dyment, CEO of Gatekeeper. “We wish him success as he increases his focus on his expanding role at National Express.”

The Company also announces that it has granted an aggregate of 1.1 million incentive stock options to certain directors, employees and consultants of the Company, subject to regulatory approval. The stock options are exercisable at a price of $0.385 for a period of five years from the date of issuance and subject to vesting provisions.

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 is at the forefront of innovation and is utilizing new technologies to make cities more efficient and safer, such as its Automated Lane Enforcement solution for transit buses (ALE™). The Company’s video and data solutions and its Platform-as-a-Service (PaaS) business model are enabling the transformation of transportation systems into intelligent transit and Smart Cities.

 

www.gatekeeper-systems.com

Contact Information:

Douglas Dyment

President & CEO

ddyment@gatekeeper-systems.com

(604) 864-6187

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 November 30, 2021. 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.