Gatekeeper Systems (TSXV: GSI) is expanding its safety product suite given the recent rise in interest in artificial intelligence equipment. The company has added a product referred to as AI Dash Cam to its current offerings.
The product is said to be used to help protect both bus drivers and passengers using proprietary video analytics. The camera provides both driver status monitoring as well as advanced driver assistance systems functions to detect and alert to driving events and unsafe driving behaviour.
Monitoring by the camera is conducted via both a forward facing as well as a driver facing camera, while also being equipped with GPS. The tech is said to conduct real time local driver notifications, while the option to connect to Gatekeeper’s enterprise system also enables live streaming and the reviewing of recordings from prior events.
Sponsored · Altamira Gold Corp.
The artificial intelligence aspect of the tech is said to use computer vision and machine learning algorithms, which enable it to provide lane departure warnings, headway monitoring warnings, forward collision warnings and more. On the other end of the device, the tech is able to determine if the driver of the bus is distracted or is using handheld devices while driving.
The product is the newest in a toolkit offered by the company under a platform-as-a-service model for passenger buses that is focused on mobile data collectors to record and analyze audio, video, and other data. The company in the first quarter of fiscal 2023 used that model to generate revenues of $4.9 million, with gross profits of $1.5 million, and topline revenue for 2022 of $20 million.
Gatekeeper Systems last traded at $0.22 on the TSX Venture.
FULL DISCLOSURE: Gatekeeper Systems is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Gatekeeper Systems on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
