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

The Hidden Environmental Cost of Fertilizer | Robin Dow

Could Silver Stay This High? | Joaquín Marias – Argenta Silver

Can Historic Silver Data Turn Into a New Mine? | Rob Macdonald – Equity Metals

Recommended

First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon

Goliath Resources Secures 100% Ownership of Golddigger Property in BC’s Golden Triangle

Related News

Gatekeeper Systems Receives Purchase Order For $5.1 Million

Gatekeeper Systems (TSXV: GSI) has received a major contract this morning. The company has obtained...

Monday, May 9, 2022, 08:43:59 AM

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 Sees Second Major Order For New Mobile Wi-Fi System

Orders continue to come in for a new product recently launched by Gatekeeper Systems (TSXV:...

Tuesday, March 15, 2022, 08:37:55 AM

Gatekeeper Systems: The Massive Q1 Revenue Jump

In our latest interview, Doug Dyment, CEO of Gatekeeper Systems Inc. (TSXV: GSI), sits down...
Sunday, February 4, 2024, 11:47:00 AM

Gatekeeper Systems Posts Record $37.8M Revenue In Fiscal 2024

Gatekeeper Systems Inc. (TSXV: GSI) this morning announced record financial results for the fiscal year...

Friday, December 20, 2024, 12:58:00 PM