Gatekeeper Systems Signs Master Services Agreement With National Express

Gatekeeper Systems (TSXV: GSI) continues to execute upon its business strategy. The firm this morning announced a potentially major development, in that it has entered into a master services agreement with National Express, LLC.

The master services agreement will see the company enter into what is effectively a perpetual contractual framework. Under this framework, services included video, data, software and installation is to be provided to the firm on an ongoing basis.

A subsidiary of the UK-based National Express Group PLC, the firm operates over 20,000 school buses on a daily basis, across a total of 550 school districts within a total of three Canadian provinces and 33 US states. Collectively, the firm transports 1.3 million students each day, in addition to providing service to 9.0 million corporate and university passengers and 22 million express transit passengers each year.

“[National Express] is a well-respected transportation provider committed to offering the highest level of transportation safety. We are extremely pleased NELLC has selected Gatekeeper as a video and data solutions provider and our team is committed to demonstrate the excellence of our products and services to this valued customer,” commented CEO Doug Dyment on the development.

Financial details of the arrangement were not provided.

The development follows the news last month that the company had signed an agreement to install its tech within an additional 170 buses in the province of Alberta, across two separate school districts.

Gatekeeper Systems last traded at $0.34 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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

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’ Revenue Soars 57% in Q4, Hits $37.6M for 2024

FULL DISCLOSURE: The Deep Dive is long the equity of Gatekeeper Systems. Gatekeeper Systems Inc....

Wednesday, September 11, 2024, 04:31:00 PM

Gatekeeper To Assemble Data Center For AI Video Analytics Offerings

Gatekeeper Systems (TSXV: GSI) is focused on expanding its artificial intelligence based video analytics offerings,...
Thursday, February 29, 2024, 08:34:44 AM

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