Gatekeeper signs three contracts totalling $710k (U.S.)

Executive Summary

• Gatekeeper Systems Inc. has secured three new full-fleet school bus video and subscription contracts in California, bringing the aggregate contract value to approximately $710,000 USD ($975,000 CAD).
• The contracts cover approximately 145 buses and include a mix of new and existing customers, involving mobile data collectors, AI dash cams, 360-degree vision, and video management subscriptions.
• The release also clarifies the specific cash commission amount paid to underwriters for a prior brokered private placement.

Key Details

• Contract 1: Signed with an existing student transportation provider customer; involves adding video solutions and subscriptions for a new school district customer.
• Contract 2: Signed directly with a new school district customer; includes mobile data collectors, artificial intelligence dash cams, 360 surround vision, and video management subscriptions for the district's vehicle fleet.
• Contract 3: Signed directly with an existing school district customer; involves a full-fleet upgrade to newer video technology on school buses.
• Financials: Aggregate contract value is approximately $710,000 (U.S.) / $975,000 (Canadian).
• Scope: Subscriptions are for approximately 145 buses.
• Commission Clarification: The 6% cash commission paid to underwriters of the company's brokered private placement (referenced in a July 23, 2025 release) totaled $690,138.
• Strategic Context: CEO Doug Dyment highlighted traction in California, noting over 350 existing school district customers and a multi-channel sales approach (leveraging providers, direct sales to new districts, and upgrades for existing customers).

Notable Quotes

• "We continue to gain solid traction in California, where we have over 350 existing school district customers. These three contracts exemplify our sales approach. We work with school bus transportation providers to leverage a broader customer reach, we sell directly to new school districts, and we work with existing customers who value our customer service and choose our innovative new offerings." — Doug Dyment, President and CEO