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Abbotsford, British Columbia–(Newsfile Corp. – November 29, 2018) – Gatekeeper Systems Inc. (TSXV:GSI) (OTC: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 it will supply high definition video systems on 335 diesel-electric hybrid transit buses being manufactured for Southeastern Pennsylvania Transportation Authority (“SEPTA”) by New Flyer of America Inc. (“New Flyer”).
SEPTA has notified Gatekeeper that it has been chosen as a supplier of new high definition video systems after completing an in-depth technology evaluation. SEPTA has purchased 525 new hybrid buses from New Flyer over a five-year contract, with 335 buses remaining to be delivered. These remaining buses will now be equipped with Gatekeeper’s high definition video systems. Delivery, commissioning and installation of Gatekeeper’s high definition video systems will take place at New Flyer’s facility in St. Cloud, MN.
Doug Dyment, CEO commented: “We continue to expand our operations to support our growth plans in Philadelphia and I couldn’t be more excited to have Gatekeeper’s technology platform as part of the safety and security infrastructure in one of the world’s largest and most diverse transit operations.”
New Flyer of America Inc. is a subsidiary of NFI Group, which is the largest transit bus manufacturer and parts distributor in North America.
SEPTA is one of the largest transit authorities in the United States, providing over 300 million passenger rides annually on over 3,600 vehicles which includes approximately 970 trains.
About Gatekeeper Systems Inc.
Gatekeeper Systems Inc. provides wireless high-definition video security and safety solutions for in-transit applications, including school buses, municipal transit, law enforcement and military. The company offers wireless live-streaming video surveillance, video analytics, driver monitoring, and incident management solutions to help protect school children, public transit users and employees while on the move. The company has unique photo enforcement and auto-ticketing solutions which deter stop-arm violations and protect school children. Gatekeeper has installed more than 100,000 video devices for more than 3,500 customers throughout North America.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
“Douglas Dyment”
President & CEO
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, including projected sales and revenue, plans, objectives, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, including that new contracts will be awarded as expected by management and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including the Company not being awarded new contracts and being unable to realize expected sales or revenues. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information, except in accordance with applicable securities laws. To the extent that any forward-looking information constitutes future-oriented financial information or financial outlooks within the meaning of securities laws, such information is being provided to inform the reader of the potential financial impact of expected results and may not be appropriate for other purposes. We seek safe harbour.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Douglas Dyment
604-864-5187
www.gatekeeper-systems.com
Read more at http://www.stockhouse.com/news/press-releases/2018/11/29/gatekeeper-announces-new-flyer-contract-for-delivery-of-transit-bus-video#fPLZ4jIdVDRo8GIk.99
