Business
Gatekeeper Commences $27M LIRR Project, Provides Anticipated Revenue Schedule
Abbotsford, British Columbia--(Newsfile Corp. - January 20, 2026) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in video and data solutions for school buses, public transit and smart cities, announces the Company has commenced work on its previously-announced US$19.55 million (C$27 million) FRA transit video project with New York Metropolitan Transportation Authority's Long Island Rail Road (the "Project"). The Company anticipates that revenue.
About this update from Gatekeeper Systems, Inc.
[{"type":"text","content":"Abbotsford, British Columbia--(Newsfile Corp. - January 20, 2026) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in video and data solutions for school buses, public transit and smart cities, announces the Company has commenced work on its previously-announced US$19.55 million (C$27 million) FRA transit video project with New York Metropolitan Transportation Authority's Long Island Rail Road (the "Project").","length":506,"tagName":"p"},{"type":"text","content":"The Company anticipates that revenue relating to the Project will be recognized by the Company in approximate alignment with the following schedule (in US dollars):","length":164,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$3.8 million during the fiscal year ending August 31, 2026 ($0.2 million in FQ2, $0.9 million in FQ3, $2.7 million in FQ4);","length":123,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"$12.3 million during the fiscal year ending August 31, 2027 ($5.8 million in FH1, $6.5 million in FH2); and","length":107,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"$3.4 million during the fiscal year ending August 31, 2028 ($3.3 million in FH1, $0.1 million in FH2).","length":102,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":332,"olType":false},{"type":"text","content":"The Project represents the Company's largest-ever contract and the anticipated revenue recognition schedule is provided to assist analysts and investors. The schedule is based on management's current estimates relating to the expected Project delivery schedule. The actual revenue recognition schedule of the Project may differ significantly and may change based on auditor review, Project delivery schedule changes, or other influencing factors.","length":454,"tagName":"p"},{"type":"text","content":"About Gatekeeper Systems Inc.Gatekeeper is a leading provider of video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 65,000 Mobile Data Collectors for customers which record video and data d...