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Gatekeeper (TSXV:GSI) announces $4M SEPTA transit video upgrade contract

Industrial, Market News
TSXV:GSI
12 December 2022 14:30 (EDT)

Gatekeeper (GSI) subsidiary, Gatekeeper Systems USA, has received a purchase contract for approximately US$2.94 million.

The contract is with the Southeastern Pennsylvania Transit Authority (SEPTA) for transit bus video upgrades and mobile data collector upgrades. The company expects to complete the contract during its second fiscal quarter ending February 28, 2023.

SEPTA is the company’s largest customer. During the 2022 calendar year, the company announced approximately US$9.35 million (approximately CAD $12.7M) in aggregate contracts with SEPTA.

SEPTA is one of the largest transit systems in the United States. It serves five counties in the Greater Philadelphia area and connects to transit systems in Delaware and New Jersey. Its services include regional rail, buses, trolleys, subway and a high-speed line to western suburbs.

Gatekeeper is a video and data solutions provider for public transportation and smart cities. It uses AI, video analytics, thermal cameras, and mobile data collectors to interconnect public transit assets as part of intelligent transportation systems in a Smart City ecosystem.

Gatekeeper Systems Inc. (GSI) is up 2.27 per cent, trading at C$0.225 per share at 2:13 pm ET.


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