Gatekeeper signs video contract for 175 buses

Executive Summary

• Gatekeeper Systems Inc. has secured a contract with a Canadian Original Equipment Manufacturer (OEM) to factory equip approximately 175 new school buses with interior video systems and mobile data collectors.
• The agreement includes a corresponding subscription contract with a student transportation provider for video management software, covering services for a school district in California.
• The total contract value is approximately $575,000, plus ongoing monthly recurring revenue from subscriptions.

Key Details

• Contract Value: Approximately $575,000 upfront, plus monthly recurring subscription fees.
• Equipment Scope: Interior video systems and mobile data collectors to be factory-equipped on ~175 school buses.
• Service Scope: Subscription to Gatekeeper's video management software for video analysis and storage.
• Parties Involved:
  • Manufacturer: A Canadian school bus OEM.
  • Service Provider: A student transportation provider.
  • End User: A school district located in California.
• Company Background: Gatekeeper has previously provided solutions to over 60 transit agencies and 3,500 school districts, with more than 65,000 mobile data collectors installed.

Notable Quotes

• No direct quotes from management were included in the provided text.