Tickers: PINX:GKPRF, XTSE:GSI
Abbotsford, BC - TheNewswire - June 25, 2020 - Gatekeeper Systems Inc. ('Gatekeeper' or the 'Company') (TSXV:GSI) (OTC:GKPRF) (FSE:1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce it has been contracted to supply approximately 70 intelligent video recording solutions to a US-based transit bus manufacturer who will install the systems during their manufacturing of new transit vehicles.
"Being an OEM supplier is an important milestone for us and we are very encouraged by the increasing adoption of our PaaS platform for Smart Cities in the transit market" commented Doug Dyment, President and CEO. "We are seeing increasing interest from transit authorities as they seek technology solutions that improve passenger safety and transit efficiency, as cities reopen following COVID-19 lockdowns."
Gatekeeper's Platform-as-a-Service (PaaS) business model is centered around its intelligent video devices that the Company is actively installing for transit authorities on multiple transportation modes. The intelligent devices collect vehicle data such as video, audio, GPS, time, door open/close, and will also serve as the AI-based intelligence platform for future applications such as thermal camera sensors, passenger counting, and video enforcement to capture the license plates of vehicles driving in the bus lane or illegally passing streetcars while passengers are loading or unloading.
Gatekeeper's PaaS units are WiFi enabled and mobile connected, allowing public transit assets to become part of the intelligent transportation system in the Smart City ecosystem. The PaaS units also serve as the "black box" to aid in transit accident investigations.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video 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 and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company's Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the quarter ended February 29, 2020. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
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.
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