Business
Gatekeeper Signs New Revenue Sharing Contract For Stop-Arm Cameras On School Buses
(via TheNewswire) Abbotsford, BC / TheNewswire / February 7 th , 2017 - Gatekeeper S...
About this update from Gatekeeper Systems, Inc.
[{"type":"text","content":"Gatekeeper Signs New Revenue Sharing Contract For Stop-Arm Cameras On School Buses(via TheNewswire)\n \n \nAbbotsford, BC / TheNewswire / February 7th, 2017 - Gatekeeper Systems Inc. (\"Gatekeeper\" or the \"Company\") (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to announce that it has entered into a five-year revenue sharing contract (the \"Contract\") with Troup County School District, located in Georgia, USA (the \"District\"). Pursuant to the Contract, the Company will commence an initial installation of ten systems consisting of Gatekeeper's Student ProtectorTM multi-lane stop-arm video enforcement cameras, and TIMTM (Traffic Infraction Management) technology (the \"System\").\n\n \n \nTroup County School District, with 19 schools and 160 school buses, completed a one-day stop-arm violation count in May 2016 that identified 78 violations on its 124 bus routes. Gatekeeper will begin installations on buses servicing areas identified as high-risk for stop-arm offenses. The District intends to increase the number of Systems during the five-year Contract.\n\n \n \nDoug Dyment, President and CEO of Gatekeeper, commented, \"We are thrilled that Troup County chose Gatekeeper for this project to deter stop-arm violators and promote safety for its 8,000 students transported daily. This is the third revenue sharing contract we have landed in Georgia and we are confident that positive results and user experiences will continue to fuel Gatekeeper's recurring revenue business model as a leading end-to-end solution provider for our industry.\" \n\n \n \nUnder this Contract, Gatekeeper is responsible for administrating the project and will manage the process end-to-end, from violation through to citation payment. The Troup County Sheriff's Office will use TIM(TM) to review recorded violations and approve or reject the issuance of citations. The revenue generated from citations funds the program and will be split amongst the District, the County, and Gatekeeper.\n\n \n \nIn Georgia, USA, stop-arm violation tickets begin at USD $300 for the first offence; USD $750 for the second offense; and USD $1,000 for subsequent offences within a five-year period. The Contract is for an initial five-year term, beginning on the day which the first citation is issued, and automatically renews for an additional five-year term, unless the District or Gate...