Abbotsford, BC – TheNewswire - September 4, 2025 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX-V:GSI) (OTC:GKPRF), a leader in video and data solutions for protecting people in transit, together with Mr. Douglas Dyment, President, CEO and a director of the Company (the “Reporter”) is disseminating this press release as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning r ...

Company Overview - Gatekeeper Systems Inc. is a leader in video and data solutions for school buses, public transit, and smart cities [1] - The company has provided solutions to over 60 transit agencies and 3,500 school districts across North America, with more than 57,000 Mobile Data Collectors installed [8] Recent Contracts - Gatekeeper announced three full-fleet school bus video and subscription contracts in California, with an aggregate value of approximately US$710,000 (approximately C$975,000) [5] - The first contract involves an existing student transportation provider adding video solutions for a new school district [2] - The second contract is directly with a new school district for Mobile Data Collectors, AI-Dash Cams, 360 Surround Vision, and video management subscriptions [3] - The third contract is with an existing school district customer for a full-fleet upgrade to newer video technology [4] Market Position and Strategy - The company has over 350 existing school district customers in California, indicating solid market traction [6] - Gatekeeper's sales approach includes working with transportation providers, selling directly to new school districts, and maintaining relationships with existing customers [6]

Core Insights - Gatekeeper Systems Inc. reported its highest-ever fiscal third quarter revenue of $7.5 million, a 16% increase from $6.5 million in the prior year [3][5][7] - The company has significantly expanded its customer base for Mobile Data Collectors, increasing from approximately 300 to 3,500 during the fiscal year [3][5] - The school bus segment has secured contracts exceeding $1 million per customer, with active participation in 39 school industry trade shows this year [4][5] Financial Performance - Revenue for the nine-month period ended May 31, 2025, was $20.7 million, down from $26.1 million in the prior year, primarily due to the absence of a large $9 million transit contract from the previous year [5][7] - Gross profit for the three-month and nine-month periods was $3.7 million and $9.1 million, respectively, with gross margins of 49% and 44% [5][7] - Operating loss for the three-month and nine-month periods was $0.1 million and $1.4 million, compared to a loss of $0.4 million and a profit of $3.4 million in the prior year [5][7] Business Developments - The company announced transit contracts worth over $7 million and school bus video and subscription contracts totaling over $5.4 million [5][6] - The transit team has expanded, focusing on compliance with the Federal Railroad Administration (FRA) mandate, which requires specific video recording equipment by October 2027 [6] - Gatekeeper has installed over 57,000 Mobile Data Collectors and serves more than 60 transit agencies and 3,500 school districts across North America [8]