Business
Gatekeeper Completes $4 Million Transit Video Upgrade Contract
(TheNewswire) Abbotsford, BC - TheNewswire - February 22, 2023 - Gateke...
About this update from Gatekeeper Systems, Inc.
[{"type":"text","content":"Gatekeeper Completes $4 Million Transit Video Upgrade Contract\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Abbotsford, BC -\n \n \n TheNewswire -\n \n \n February 22, 2023 -\n \n \n Gatekeeper Systems Inc.\n \n \n (‘Gatekeeper’ or the ‘Company’)\n(TSX-V:GSI) (OTC:GKPRF),\n \n a video and data solutions provider\nfor public transportation and smart cities, is pleased to announce the\ncompletion of a transit video upgrade contract for approximately US\n$2.94 million (approximately CAD $4 million) previously announced by\nthe Company on December 12, 2022. The Company intends to recognize the\ncorresponding sales revenue of this contract during its second fiscal\nquarter ending February 28, 2023, in addition to the Company’s\nregular business.\n \n \n Doug Dyment, CEO of Gatekeeper, commented: “This contract is one of\nthe largest contracts in our Company’s history. We are very proud of\nour team’s execution within the short two-month time frame and\nduring a period where we also continue to see growth in our regular\nbusiness. We expect the CAD $4 million contract revenue will\nsignificantly bolster the Company’s second fiscal quarter revenue\nand we are very optimistic regarding the Company’s sales prospects\nand growth.”\n \n \n \n About Gatekeeper Systems Inc.\n \n \n \n \n Gatekeeper is a leading provider of intelligent video\nand data solutions designed to provide a safer transportation\nenvironment for children, passengers, and public safety personnel on\nmultiple transportation modes. The Company uses AI, video analytics,\nthermal cameras, and mobile data collectors to inter-connect public\ntransit assets as part of intelligent transportation systems in a\nSmart City ecosystem. The Company’s Platform-as-a-Service (PaaS)\nbusiness model is an enabling transformation to a video and data\nsolutions provider for intelligent transit and Smart Cities.\n \n \n \n \n www.gatekeeper-systems.com\n \n \n \n \n \n \n Contact Information:\n \n \n \n \n Douglas Dyment\n \n \n \n \n \n \n President &\nCEO\n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n (604)\n864-6187\n \n \n \n \n \n Cautionary Note Regarding Forward-Looking Statements:\nCertain statements made in this press ...