Gatekeeper Secures $1.2 Million To Retrofit Entire Bus Fleet For School District

Gatekeeper Systems (TSXV: GSI) has managed to secure another contract south of the border. The latest arrangement comes from within the State of Tennessee, where the company has signed a new deal with a local school district.

The transaction, which is with an unnamed school district in the state, will see the district upgrade its entire fleet of school buses with tech from Gatekeeper. A total of 390 buses are to be retrofitted under the deal, which will see the installation of mobile wifi, interior and exterior video, and mobile data collectors.

The customer is said to be a returning customer, with Gatekeeper tech having previously been installed on a portion of the bus fleet. Now, the company is moving to fully deploy the tech across its entire fleet after having experienced the firms offerings.

In total, the arrangement has a value of $1.2 million, which will consist of upgrading the remainder of the districts buses.

“As we prepare for the back-to-school season, parents and school districts alike are mindful of the importance of providing both a safe transportation environment for students as well as technology to help maximize learning. Our video, data, and new Mobile Wi-Fi solutions are very effective in these endeavors,” said CEO Doug Dyment.

The latest contract follows a $2.35 million contract entered into last month with the Southeastern Pennsylvania Transit Authority, one of the firms largest customers.

Gatekeeper Systems last traded at $0.31 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.

Video Articles

Why Silver’s Next Move May Be Built on a Much Stronger Base | Mani Alkhafaji – First Majestic Silver

Guanajuato Silver Q1 Earnings: They Finally Post Positive Net Income

We’re in a New Era of Gold Price Discovery | Ryan King – Equinox Gold

Recommended

Silver47 Starts 10,000 Metre Campaign at Flagship Alaska Silver Project

Blue Jay Gold Launches 16,000 Metre Drill Program At Steller

Related News

Gatekeeper Systems Receives $2.35 Million Contract Renewal From SEPTA

Gatekeeper Systems (TSXV: GSI) this morning continued to expand on a relationship already in place...

Thursday, July 7, 2022, 09:24:44 AM

Gatekeeper Systems Launches New Product With Initial $0.6 Million Purchase Order

Gatekeeper Systems (TSXV: GSI) has launched a new product as it looks to enhance its...

Thursday, March 10, 2022, 08:39:11 AM

Gatekeeper Systems Signs $1.9 Million Contract To Upgrade School District’s Bus Fleet

Gatekeeper Systems (TSXV: GSI) continues to expand upon relationships with existing customers. The firm this...

Thursday, November 17, 2022, 03:04:00 PM

Market Movers: Gatekeeper Jumps 30% After Posting $2.3 Million In Net Income For Q1 2024

Gatekeeper Systems (TSXV: GSI) is one of today's major market movers, with the equity currently...
Monday, January 29, 2024, 10:45:35 AM

Gatekeeper Systems Expands Alliance In State Of Arizona, Secures Contract

Gatekeeper Systems (TSXV: GSI) is expanding to another state within the US. The firm this...

Tuesday, April 12, 2022, 09:02:35 AM