Gatekeeper Commences $27M LIRR Project, Provides Anticipated Revenue Schedule

Core Insights - Gatekeeper Systems Inc. has initiated a US$19.55 million (C$27 million) transit video project with the New York Metropolitan Transportation Authority's Long Island Rail Road, marking the company's largest contract to date [1][2] Financial Projections - The anticipated revenue recognition schedule for the project includes: - US$3.8 million during the fiscal year ending August 31, 2026, broken down into US$0.2 million in FQ2, US$0.9 million in FQ3, and US$2.7 million in FQ4 - US$12.3 million during the fiscal year ending August 31, 2027, with US$5.8 million in FH1 and US$6.5 million in FH2 - US$3.4 million during the fiscal year ending August 31, 2028, consisting of US$3.3 million in FH1 and US$0.1 million in FH2 [2][6] Company Overview - Gatekeeper Systems Inc. specializes in video and data solutions aimed at enhancing safety in transportation for children, passengers, and drivers across public transit fleets - The company has served over 60 transit agencies and 3,500 school districts in North America, installing more than 65,000 Mobile Data Collectors that capture video and data from over 200,000 onboard devices daily - Gatekeeper's hosted software applications utilize AI-assisted video analytics for incident management and storage, with a business model centered around its Platform-as-a-Service (PaaS) offering [3]