Gatekeeper Systems adds $600,000 (U.S.) in contracts

Executive Summary

• Gatekeeper Systems Inc. has secured approximately $820,000 CAD ($600,000 USD) in new contracts for school bus video upgrades and subscription services across Georgia and California.
• The Georgia contract involves a full fleet upgrade for an existing customer, including increased video resolution, more devices per bus, and expanded storage capacity, valued at $350,000 USD.
• The California contract includes an internal and external video system upgrade and a five-year prepayment for monthly recurring "Health Check" subscription services, valued at $250,000 USD.

Key Details

• Total Contract Value: Approximately $600,000 USD (approx. $820,000 CAD).
• Georgia Contract:
  • Value: $350,000 USD.
  • Customer: Existing school district customer and early subscriber.
  • Scope: Full fleet upgrade to replace existing mobile data collectors and interior video.
  • Technical Specs: Increased number of video devices per bus, higher video resolution, and additional video storage capacity per bus.
  • Recurring Revenue: Existing video management and storage subscriptions continue.
• California Contract:
  • Value: $250,000 USD.
  • Customer: Existing school district customer.
  • Scope: Upgrade of internal and external video systems.
  • Subscription Component: Includes prepayment of five years of monthly recurring "Health Check" subscription services for system monitoring.

Notable Quotes

• None provided in the text.