Gatekeeper Announces $3.5M SEPTA Video Services Contract Extension
Rhea-AI Summary
Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) has secured a significant contract extension through its USA subsidiary for video services maintenance. The US$2.392 million (approximately C$3.5 million) agreement with Southeastern Pennsylvania Transportation Authority (SEPTA) extends their existing service relationship for an additional 16 months, retroactive to November 7, 2024.
The company, which specializes in intelligent video and data solutions for public transportation and smart cities, has been providing video system maintenance services to SEPTA since October 2019. SEPTA represents one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area with connections to transit systems in Delaware and New Jersey.
Positive
- Secured US$2.392M contract extension
- Maintains stable revenue stream for 16 months
- Continues long-term relationship with major transit authority
Negative
- None.
News Market Reaction
On the day this news was published, GKPRF gained 5.25%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Abbotsford, British Columbia--(Newsfile Corp. - March 4, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in intelligent video and data solutions for public transportation and smart cities, is pleased to announce that its wholly-owned subsidiary, Gatekeeper Systems USA Inc. located in Bristol, PA, has received a video services contract extension for US
Gatekeeper has provided video system maintenances services to SEPTA since October 2019. SEPTA is one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area and connecting to transit systems in Delaware and New Jersey.
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, and Mobile Data Collectors to interconnect public transportation assets within a Smart City ecosystem. The Company's Platform-as-a-Service (PaaS) business model is centered around wirelessly enabled Mobile Data Collectors which forms the foundation of the Company's data company evolution. www.gatekeeper-systems.com
Contact Information:
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
Cautionary Note Regarding Forward-Looking Statements
Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the period ended November 30, 2024. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243326
FAQ
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