Gatekeeper Completes $4 Million Transit Video Upgrade Contract
Abbotsford, BC – February 22, 2023 – 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 the completion of a transit video upgrade contract for approximately US $2.94 million (approximately CAD $4 million) previously announced by the Company on December 12, 2022. The Company intends to recognize the corresponding sales revenue of this contract during its second fiscal quarter ending February 28, 2023, in addition to the Company’s regular business.
Doug Dyment, CEO of Gatekeeper, commented: “This contract is one of the largest contracts in our Company’s history. We are very proud of our team’s execution within the short two-month time frame and during a period where we also continue to see growth in our regular business. We expect the CAD $4 million contract revenue will significantly bolster the Company’s second fiscal quarter revenue and we are very optimistic regarding the Company’s sales prospects and growth.”
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
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