Gatekeeper Receives New Orders From US Transit Authority For C$2 Million

Donnerstag, 14.02.2019 13:35 von DGAP - Aufrufe: 158

DGAP-News: Gatekeeper Systems Inc. / Key word(s): Miscellaneous Gatekeeper Receives New Orders From US Transit Authority For C$2 Million 14.02.2019 / 13:31 The issuer is solely responsible for the content of this announcement.


Abbotsford, British Columbia--(Newsfile Corp. - February 14, 2019) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) (FSE: 1GK) ('Gatekeeper' or the 'Company'), a leading provider of high-definition video surveillance systems developed to protect people in transit, is pleased to announce that it has received a new purchase order of approximately C$2 million from the Southeastern Pennsylvania Transportation Authority ("SEPTA"). Gatekeeper has now solidified SEPTA orders that have an aggregate value of more than C$7 million.

"It is extremely gratifying to see such progress following our strategic acquisition last year," said President and CEO Doug Dyment, "The decision to expand in the US Transit market and the continued growth of our business with SEPTA validates that our specialized video solutions are very well suited to protect people in transit. We also continue to remain committed to our other markets such as school buses, where we have entrenched business relationships and new product roll-outs that we are very excited about."

On April 9, 2018 Gatekeeper announced the acquisition of Delaware-based assets which included a production facility, workforce, and SEPTA contracts. This acquisition enabled the Company to expand its US Transit business and establish SEPTA as a cornerstone customer. The Company subsequently announced additional SEPTA orders on November 13 & 29, 2018 and today, that total more than C$7 million. Gatekeeper expects most of these SEPTA orders to be invoiced during the Company's 2019 fiscal year which ends August 31, 2019.

SEPTA is the sixth largest public transportation system in the U.S. with an average weekday ridership of approximately 1.1 million. SEPTA operates multi-modal transportation services, including two subway/subway elevated lines, 118 bus routes, eight trolley routes, three trackless trolley routes, one inter-urban High Speed Line, 13 Regional Rail (commuter rail) lines and ADA Paratransit service. SEPTA has rapidly embraced video evidence as protection against fraudulent claims and has installed over 27,000 video cameras on vehicles and in stations, providing fraudulent-claim cost savings estimated to be US$22.2 million per year (SEPTA Fiscal Year 2020-2024 Financial Projections).

About Gatekeeper Systems Inc.

Gatekeeper engineers, manufactures and distributes industry leading high-definition mobile video surveillance and safety solutions for a range of markets including public transit authorities, school districts, law enforcement, as well as the US military and Coast Guard. Gatekeeper has installed over 100,000 video devices for more than 3,500 customers throughout North America. www.gatekeeper-systems.com

Contact: Douglas Dyment 604-864-5187 www.gatekeeper-systems.com

42826_7d66e6e1a4a308d0_logo.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42826

newsinfo.php?i=42826&f=169

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/42826

14.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language: English
Company: Gatekeeper Systems Inc.
Canada
ISIN: CA36734X1042
 
End of News DGAP News Service

776107  14.02.2019 

fncls.ssp?fn=show_t_gif&application_id=776107&application_name=news&site_id=ariva
Werbung

Mehr Nachrichten kostenlos abonnieren

E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.


Andere Nutzer interessierten sich auch für folgende News

ARIVA.DE Redaktion Thumbnail
19.04.24 - ARIVA.DE Redaktion


Kurse

0,5287 $
+1,95%
GateKeeper Systems Chart