Gatekeeper wins $600,000 (U.S.) contract with L&T

Executive Summary

• Gatekeeper Systems Inc. has secured a contract with L&T Technology Services (LTTS) to provide video solutions for the Etihad Rail freight project in the Middle East.
• The contract is valued at approximately $600,000 (U.S.) / $830,000 (Canadian), with 50% of the value due prior to product shipment.
• Gatekeeper will supply mobile data collectors, external video, and crash-hardened memory modules, while LTTS handles installation services.

Key Details

• Contract Value: Approximately $600,000 (U.S.) or $830,000 (Canadian).
• Payment Terms: 50% of the total contract value is due prior to product shipment.
• Counterparty: L&T Technology Services (LTTS), described as a global leader in AI, digital, and ER&D consulting services with annual revenues over $1.35-billion (U.S.).
• End Client: Etihad Rail, the developer and operator of the United Arab Emirates' national railway network.
• Scope of Work: Design and delivery of video solutions for a fleet of freight rail locomotives.
• Specific Products Supplied: Mobile data collectors, external video systems, and crash-hardened memory modules.
• Installation Responsibility: LTTS is responsible for installation services.

Notable Quotes

• "This contract signifies our capabilities as a global provider of innovative video solutions in both freight and passenger rail projects. LTTS is a global leader in their field, operating in more than 25 countries with annual revenues of over $1.35-billion (U.S.). Digitization and AI and digital services are revolutionizing rail systems, making them safer, more reliable and efficient. We are delighted to work with them and together explore innovative solutions for the future of rail and infrastructure." — Doug Dyment, President and CEO