Source: Gatekeeper Systems
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  • Gatekeeper Systems subsidiary, Gatekeeper Systems USA has received a one-year contract extension from the Southeastern Pennsylvania Transit Authority (“SEPTA”)
  • The contract, worth approximately US$1.8 million, is for providing vehicle video system maintenance services
  • The entire three-year contract term, plus two one-year extensions options, provides a total potential value of up to C$11.8 million over five years
  • SEPTA is one of the largest transit systems in the U.S.
  • Gatekeeper is a leading provider of intelligent video and data solutions
  • Gatekeeper Systems Inc. (GSI) is unchanged on the day, trading at C$0.295 per share at 1 pm ET

Gatekeeper Systems subsidiary, Gatekeeper Systems USA has received a one-year contract extension from the Southeastern Pennsylvania Transit Authority (“SEPTA”).

The contract, worth approximately US$1.8 million, is for providing vehicle video system maintenance services.

In October 2019, Gatekeeper announced the award of an initial three-year contract term beginning November 2019 for approximately C$7.1 million, plus two one-year extensions options, for a total potential contract value of up to approximately C$11.8 million over five years.

The contract extension announced today represents the first of these two one-year extension options.

SEPTA is one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area and connecting to transit systems in Delaware and New Jersey. Its services include regional rail, buses, trolleys, subway and a high-speed line to western suburbs.

Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The company uses AI, video analytics, thermal cameras, and mobile data collectors to inter-connect public transit assets.

Gatekeeper Systems Inc. (GSI) is unchanged on the day, trading at C$0.295 per share at 1 pm ET.

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