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Gatekeeper Announces $3.5M SEPTA Video Services Contract Extension

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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.

Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ha ottenuto un'importante estensione di contratto tramite la sua filiale negli Stati Uniti per la manutenzione dei servizi video. L'accordo del valore di 2,392 milioni di dollari USA (circa 3,5 milioni di dollari canadesi) con Southeastern Pennsylvania Transportation Authority (SEPTA) estende la loro relazione di servizio esistente per ulteriori 16 mesi, retroattiva al 7 novembre 2024.

La società, specializzata in soluzioni intelligenti per video e dati per i trasporti pubblici e le città intelligenti, fornisce servizi di manutenzione dei sistemi video a SEPTA dal ottobre 2019. SEPTA rappresenta uno dei più grandi sistemi di trasporto negli Stati Uniti, servendo cinque contee nell'area metropolitana di Philadelphia con collegamenti ai sistemi di trasporto nel Delaware e nel New Jersey.

Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ha asegurado una importante extensión de contrato a través de su filial en EE.UU. para el mantenimiento de servicios de video. El acuerdo de 2.392 millones de dólares estadounidenses (aproximadamente 3.5 millones de dólares canadienses) con Southeastern Pennsylvania Transportation Authority (SEPTA) extiende su relación de servicio existente por 16 meses adicionales, con efecto retroactivo al 7 de noviembre de 2024.

La empresa, que se especializa en soluciones inteligentes de video y datos para el transporte público y ciudades inteligentes, ha estado proporcionando servicios de mantenimiento de sistemas de video a SEPTA desde octubre de 2019. SEPTA representa uno de los sistemas de transporte más grandes de Estados Unidos, sirviendo a cinco condados en el área metropolitana de Filadelfia con conexiones a sistemas de transporte en Delaware y Nueva Jersey.

Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF)는 미국 자회사를 통해 비디오 서비스 유지 보수에 대한 중요한 계약 연장을 확보했습니다. Southeastern Pennsylvania Transportation Authority (SEPTA)와의 239만 2천 달러(약 350만 캐나다 달러) 규모의 계약은 2024년 11월 7일부터 소급하여 기존 서비스 관계를 추가로 16개월 연장합니다.

공공 교통 및 스마트 도시를 위한 지능형 비디오 및 데이터 솔루션을 전문으로 하는 이 회사는 2019년 10월부터 SEPTA에 비디오 시스템 유지 보수 서비스를 제공해 왔습니다. SEPTA는 델라웨어와 뉴저지의 교통 시스템과 연결된 필라델피아 대도시 지역의 5개 카운티에 서비스를 제공하는 미국에서 가장 큰 교통 시스템 중 하나입니다.

Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) a obtenu une importante prolongation de contrat par l'intermédiaire de sa filiale américaine pour la maintenance des services vidéo. L'accord de 2,392 millions de dollars US (environ 3,5 millions de dollars canadiens) avec Southeastern Pennsylvania Transportation Authority (SEPTA) prolonge leur relation de service existante de 16 mois supplémentaires, avec effet rétroactif au 7 novembre 2024.

L'entreprise, spécialisée dans les solutions vidéo et de données intelligentes pour les transports publics et les villes intelligentes, fournit des services de maintenance de systèmes vidéo à SEPTA depuis octobre 2019. SEPTA représente l'un des plus grands systèmes de transport aux États-Unis, desservant cinq comtés dans la région métropolitaine de Philadelphie avec des connexions aux systèmes de transport dans le Delaware et le New Jersey.

Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) hat über seine US-Tochtergesellschaft eine bedeutende Vertragsverlängerung für die Wartung von Video-Diensten gesichert. Der Vertrag im Wert von 2,392 Millionen US-Dollar (ca. 3,5 Millionen kanadische Dollar) mit Southeastern Pennsylvania Transportation Authority (SEPTA) verlängert die bestehende Dienstleistungsbeziehung um weitere 16 Monate, rückwirkend zum 7. November 2024.

Das Unternehmen, das sich auf intelligente Video- und Datenlösungen für den öffentlichen Verkehr und intelligente Städte spezialisiert hat, bietet seit Oktober 2019 Wartungsdienste für Videosysteme an SEPTA an. SEPTA gehört zu den größten Verkehrssystemen in den Vereinigten Staaten und bedient fünf Landkreise im Großraum Philadelphia mit Verbindungen zu Verkehrssystemen in Delaware und 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.

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$2,392,000 (approximately C$3.5 million) to provide continued maintenance and repair of the on-board vehicle video systems for Southeastern Pennsylvania Transportation Authority (SEPTA). The services contract is for sixteen months, retroactive to November 7, 2024.

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

What is the value of Gatekeeper's (GKPRF) new SEPTA contract extension?

The contract extension is valued at US$2.392 million (approximately C$3.5 million)

How long is the duration of GKPRF's new SEPTA service contract?

The service contract extends for 16 months, retroactive to November 7, 2024

What services will Gatekeeper (GKPRF) provide to SEPTA under this contract?

Gatekeeper will provide maintenance and repair services for SEPTA's on-board vehicle video systems

How long has Gatekeeper (GKPRF) been providing services to SEPTA?

Gatekeeper has been providing video system maintenance services to SEPTA since October 2019
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