Gatekeeper Announces C$19 Million SEPTA Transit Video Services Contract Over 5 Years
Rhea-AI Summary
Gatekeeper Systems (OTC: GKPRF, TSXV: GSI) announced that its wholly owned U.S. subsidiary has signed a new services contract with the Southeastern Pennsylvania Transportation Authority (SEPTA) to provide inspection, maintenance, testing and contract support for SEPTA’s on-board vehicle video system project.
The contract covers approximately 3,000 SEPTA vehicles across multiple modes and runs for an initial 3-year term starting September 2026, with two additional one-year options at SEPTA’s sole discretion. The total contract value is US$13,426,933.67, or about C$19 million over 5 years at current exchange rates, according to Gatekeeper.
Positive
- US$13.4M total contract value including options over up to 5 years
- C$19M aggregate value at current FX enhances contracted revenue visibility
- Multi-year 3+2 year term with large U.S. transit authority SEPTA
- Services cover approximately 3,000 SEPTA vehicles with video systems
Negative
- None.
News Market Reaction – GKPRF
On the day this news was published, GKPRF gained 5.47%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Abbotsford, British Columbia--(Newsfile Corp. - July 20, 2026) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in video and data solutions for protecting people in transit, announces that its wholly-owned subsidiary, Gatekeeper Systems USA Inc., has entered a new contract with Southeastern Pennsylvania Transportation Authority (SEPTA) to provide inspection, maintenance, testing and contract support services for SEPTA's on-board vehicle video system project.
SEPTA has approximately 3,000 vehicles equipped with a vehicle video system including buses, trackless trolleys, railroad trains, high-speed trains, light-rail vehicles, customized community transit and SEPTA police vehicles.
The contract is for an initial 3-year period commencing September 2026 along with two consecutive one-year option terms to be exercised at SEPTA's sole discretion for a total amount of US
SEPTA is one of the largest transit systems in the United States. SEPTA supports five counties in the Greater Philadelphia area and connects to transit systems in Delaware and New Jersey. Services include regional rail, buses, trolleys, subways and a high-speed line.
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 daily from over 200,000 onboard devices. The Company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company's Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. 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 February 28, 2026. 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.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305625