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.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire