(TheNewswire)
Abbotsford, B C – TheNewswire - February 15, 2024 - Gatekeeper Systems Inc.(‘Gatekeeper’ or the ‘Company’) (TSXV:GSI) (OTC:GKPRF) a video and data solutions provider for publictransportation and smart cities, is pleased to announced a contractwith another new school district in California to equip their fleet ofapproximately 120 school buses under the Company’sPlatform-as-a-Service (PaaS) business model, which now includes videoanalytics software as a data layer on the PaaS platform.
The school buses will be equipped with Mobile DataCollectors and varying combinations of internal video and external 360surround video. In addition, the school district expects to subscribefor Gatekeeper’s video analytics hosted service offerings as a datalayer on the PaaS platform beginning July 1, 2024.
Doug Dyment, President and CEO commented, “Our marketpenetration in California is strong. Approximately 350 ofCalifornia’s 977 school districts now rely on Gatekeeper’s videoand data product suite to provide a safer transportation environmentfor children on their way to and from school. We highlight thiscontract as an example of how school districts are not only equippingtheir entire fleet with both internal and external video but are alsoembracing our wireless connectivity and video analytics offerings thatwe have purposefully designed. We estimate that approximately 1,000 ofthe 50,000 Mobile Data Collectors we have installed for our customershave now entered contracts under this new recurring revenue businessmodel, which forms the foundation of our data companyevolution.”
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent videoand data solutions designed to provide a safer transportationenvironment for children, passengers, and public safety personnel onmultiple transportation modes. The Company uses AI, video analytics,and Mobile Data Collectors to inter-connect public transportationassets within a Smart City ecosystem. The Company’sPlatform-as-a-Service (PaaS) business model is centered aroundwirelessly enabled Mobile Data Collectors which forms the foundationof the Company’s data company evolution. www.gatekeeper-systems.com
Contact Information:
Douglas Dyment
ddyment@gatekeeper-systems.com
Cautionary Note Regarding Forward-Looking Statements:Certain statements made in this press release that are not historicalfacts are forward-looking statements and are subject to importantrisks, uncertainties and assumptions, both general and specific, whichgive rise to the possibility that actual results or events coulddiffer materially from our expectations expressed in or implied bysuch forward-looking statements. As a result, we cannot guarantee thatany forward-looking statement will materialize, and readers arecautioned not to place undue reliance on these forward-lookingstatements. For more exhaustive information on these risks anduncertainties, the reader should refer to the risk factors describedin the management's discussion and analysis for the period endedNovember 30, 2023. The forward-looking statements contained in thispress release represent our expectations as of the date hereof. Wedisclaim any intention and assume no obligation to update or reviseany forward-looking statements. Forward-looking statements arepresented for the purpose of providing information about management'scurrent expectations and plans and allowing investors and others toobtain a better understanding of our anticipated operatingenvironment. Readers are cautioned that such information may not beappropriate for other purposes. The Company undertakes no obligationsto update or revise such statements to reflect new circumstances orunanticipated events as they occur, unless required by applicable law.
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