Gatekeeper Receives C$6.3M Contract to Supply NTSB Compliant Digital Video Recorders on SEPTA’s Trains

- October 9th, 2019

Gatekeeper Receives C$6.3M Contract to Supply Digital Video Recorders on SEPTA’s Trains

Gatekeeper Systems Inc. (TSXV:GSI, OTC:GKPRF, FSE:1GK) (“Gatekeeper” or the “Company”), a leading provider of high definition video surveillance systems developed to protect people in transit, is pleased to announce that its wholly-owned subsidiary, Gatekeeper Systems USA Inc., located in Bristol, PA, has been contracted by Southeastern Pennsylvania Transit Authority (“SEPTA”) to supply and install digital video recorders (DVRs) on SEPTA vehicles and trains in a contract valued at approximately C$6.3 million.

The DVRs will include crash hardened memory modules for recording video evidence and will comply with the recommendations made by the National Transportation Safety Board (NTSB). The NTSB has investigated numerous rail transit incidents and has recommended the installation of inward and outward facing audio and image recorders and has identified them as being critical to improve operational safety and aiding in accident investigations. Delivery of the equipment is scheduled for Spring of 2020.

SEPTA is the sixth largest public transportation system in the U.S., providing over 300 million annual passenger rides for nearly 4 million people in Philadelphia on approximately 3,000 vehicles and trains. SEPTA is actively using video evidence as protection against fraudulent claims and has installed more than 27,000 video cameras on vehicles and in stations.

Doug Dyment, President and CEO commented, “Gatekeeper is focused on developing video-based solutions that are designed to protect people in transit. This contract award demonstrates our ability to design solutions that comply with NTSB’s recommendations. We believe that all transit trains and buses should be equipped with video and event recording devices to improve safety and aid in accident investigations, in the same way black boxes are used in the airline industry.”

About Gatekeeper Systems Inc.

Gatekeeper provides wireless high-resolution video security and safety solutions for in-transit applications, including school buses, municipal transit, first response, and the military. The Company offers wireless live-streaming video surveillance, video analytics, driver monitoring, and incident management solutions to help protect school children, public transit users, and employees on the move. The Company has unique photo enforcement and auto-ticketing solutions to deter stop-arm violations and protect school children. Gatekeeper has installed over 100,000 video devices for more than 3,500 customers throughout North America. www.gatekeeper-systems.com

Contact Information:

Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187

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Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management’s discussion and analysis for the period ended May 31, 2019. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management’s current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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