Gatekeeper Systems Closes Out March With Third Purchase Order, Pegged At $0.9 Million

Purchase orders continue to flow in for Gatekeeper Systems (TSXV: GSI). The company last night capped off the month of March by revealing it had received a third significant purchase order during the month.

The latest purchase order comes from the Southeastern Pennsylvania Transit Authority, whom is looking to procur ethernet switches and software configurations for its new bus fleet. The Authority is looking to obtain the material to enable wireless connectivity on its vehicles, while also upgrading its office servers.

The installation is expected to begin this month, with the purchase order amounts to C$915,000, the largest such order seen by the company during the month of March.

Receipt of the purchase order follows a $335,000 contract obtained for the firms new mobile wi-fi system designed for installation of school buses from an undisclosed school district. And that order followed the first such order for the new system being offered by Gatekeeper, which came in at $560,000, with the order coming from a separate school district.

The Southeastern Pennsylvania Transit Authority is said to be one of the largest such authorities in the US, providing transit services to a total of five counties within the Greater Philadelphia region, while also connecting to systems in two other states.

Gatekeeper Systems last traded at $0.49 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 the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Antimony Resources Expands New Discovery Following Trenching

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

Related News

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

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 Reports $20M Top Line Revenue for FY2022; 16% Growth

This morning Gatekeeper Systems (TSXV: GSI) released their 2022 fiscal full-year earnings. The company earned...

Monday, December 19, 2022, 09:31:45 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 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...

Wednesday, August 17, 2022, 09:03:09 AM