Latest news with #GatekeeperSystemsInc
Cision Canada
14-07-2025
- Business
- Cision Canada
Gatekeeper Announces $10 Million Bought Deal Private Placement Français
ABBOTSFORD, BC, July 14, 2025 /CNW/ - Gatekeeper Systems Inc. (" Gatekeeper" or the " Company") (TSXV: GSI) (OTC: GKPRF), a video and data solutions provider for public transportation and smart cities, announces that it has entered into an agreement with Canaccord Genuity Corp. (the " Lead Underwriter") as lead underwriter and sole bookrunner, and a syndicate of underwriters to be formed (together, the " Underwriters") pursuant to which the Company has launched a "bought deal" private placement of 8,335,000 common shares of the Company (the " Offered Shares") at a price of $1.20 per Offered Share (the " Offering Price") for aggregate gross proceeds of $10,002,000 (the " Offering"). The Offering will be completed on a private placement basis (i) in reliance on the "listed issuer financing" exemption from the prospectus requirements available under Part 5A.2 of National Instrument 45-106 – Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption in each of the Provinces and Territories of Canada, (ii) in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the " U.S. Securities Act"), as amended, and (iii) in such other jurisdictions other than Canada and the United Sates pursuant to relevant prospectus or registration exemptions in accordance with applicable laws, provided that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises in such jurisdictions. The net proceeds of the sale of the Offered Shares will be used for working capital and general corporate purposes, as described in the Offering Document. There is an offering document related to the Offering (the " Offering Document") that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this Offering Document before making an investment decision concerning the Offered Shares. The Company has agreed to pay the Underwriters a cash commission of 6.0% of the gross proceeds raised under the Offering. In connection with the Offering, the Company will grant the Underwriters an option to sell up to an additional 15% of the aggregate amount of Offered Shares at the Offering Price, exercisable, in whole or in part, any time up until 48 hours prior to the closing date of the Offering. The Offering is expected to close on or about July 23, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. About Gatekeeper Systems Inc. Gatekeeper is a leading provider of video and data solutions for a safer transportation environment for children, passengers, and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 57,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company's Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors, which are the cornerstone of its data company transformation. Cautionary Note Regarding Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include, among others, statements relating to expectations regarding the anticipated use of proceeds from the Offering, the terms of the Offering and the anticipated completion date, anticipated regulatory approvals and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the risk that the Offering will not be completed on the terms or timeline anticipated or at all; the Company may not obtain all required regulatory approvals for the Offering, include that of the TSX Venture Exchange; the Company may not be able to use the proceeds of the Offering as anticipated; the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; and the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
The Market Online
13-06-2025
- Business
- The Market Online
Gatekeeper Systems scores three major U.S. contracts this week
Gatekeeper Systems (TSXV:GSI) has been awarded a C$1.9 million contract by a transit agency in Oregon to equip its fleet with the company's advanced Mobile Data Collectors Gatekeeper has signed a C$180,000 upgrade agreement with a long-standing school district customer in California Gatekeeper has also secured a project to provide video solutions and software subscriptions for a fleet of over 70 school buses in Nebraska, valued at approximately C$420,000 Gatekeeper Systems stock (TSXV:GSI) last traded at $0.70 A provider of intelligent video and data solutions for school buses, public transit, and smart cities, signed a series of significant contract wins across the United States, further expanding its footprint in the transportation technology sector. In a landmark deal, Gatekeeper Systems (TSXV:GSI) has been awarded a contract by a transit agency in Oregon to equip its fleet with the company's advanced Mobile Data Collectors and a comprehensive suite of transit video solutions. The agency will also subscribe to Gatekeeper's AI-assisted video management platform, enabling enhanced video analytics and secure cloud-based storage. This new customer contract is valued at approximately US$1.4 million (C$1.9 million), with additional monthly recurring subscriptions exceeding US$50,000 per year over an initial five-year term, totaling approximately C$340,000. In addition to the Oregon contract, Gatekeeper has signed an upgrade agreement with a long-standing school district customer in California. Under this contract, 46 existing buses will be upgraded, and 5 new buses will be outfitted with the company's latest school bus video systems. The district will also implement Gatekeeper's video management software for in-yard Wi-Fi-based video analysis and storage. The contract is valued at approximately US$131,000 (C$180,000), plus ongoing subscription services. Further strengthening its presence in the Midwest, Gatekeeper has also secured a project to provide video solutions and software subscriptions for a fleet of over 70 school buses in Nebraska. The project, awarded through an original equipment manufacturer bus manufacturer, includes factory-installed Mobile Data Collectors and interior video systems, as specified by a major school bus transportation provider. This new customer engagement is valued at approximately C$420,000 (US$307,000), with additional recurring software subscription revenue. Gatekeeper offers intelligent video and data solutions for the transportation industry. Gatekeeper Systems stock (TSXV:GSI) last traded at $0.70 and has risen 22.81 per cent since the year began while growing 11.11 per cent since this time last year. Join the discussion: Find out what everybody's saying about this micro-cap tech stock on the Gatekeeper Systems Inc. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
04-03-2025
- Business
- Yahoo
Gatekeeper Announces $3.5M SEPTA Video Services Contract Extension
Abbotsford, British Columbia--(Newsfile Corp. - March 4, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in intelligent video and data solutions for public transportation and smart cities, is pleased to announce that its wholly-owned subsidiary, Gatekeeper Systems USA Inc. located in Bristol, PA, has received a video services contract extension for US$2,392,000 (approximately C$3.5 million) to provide continued maintenance and repair of the on-board vehicle video systems for Southeastern Pennsylvania Transportation Authority (SEPTA). The services contract is for sixteen months, retroactive to November 7, 2024. Gatekeeper has provided video system maintenances services to SEPTA since October 2019. SEPTA is one of the largest transit systems in the United States, serving five counties in the Greater Philadelphia area and connecting to transit systems in Delaware and New Jersey. About Gatekeeper Systems Inc. Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, and Mobile Data Collectors to interconnect public transportation assets within a Smart City ecosystem. The Company's Platform-as-a-Service (PaaS) business model is centered around wirelessly enabled Mobile Data Collectors which forms the foundation of the Company's data company evolution. Contact Information:Douglas DymentPresident & CEOddyment@ 864-6187 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 November 30, 2024. 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 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. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
19-02-2025
- Automotive
- Yahoo
Gatekeeper Supports Transport Canada's New Mandate for Cameras on School Buses
Abbotsford, British Columbia--(Newsfile Corp. - February 19, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) ("Gatekeeper" or the "Company"), a leader in intelligent video and data solutions for public transportation and smart cities, supports Transport Canada's new regulation mandating that perimeter visibility systems be installed on all new school buses as a feature to improve school bus safety. In addition, the regulation also introduced requirements for the installation of infraction cameras for manufacturers who wish to voluntarily install them on buses. The Transport Canada regulation came into effect December 18, 2024, and all new school buses will be equipped with perimeter visibility systems as of November 1, 2027. Transport Canada estimates the cost of the regulation to be $196 million in present value between 2024 and 2036 and estimates 65,105 school buses will be affected by 2036. These measures follow a 2020 Report of the Task Force on School Bus Safety, which recommended new measures to protect children outside the school bus, where they face the greatest risk. Gatekeeper was selected as a pilot project supplier for testing in this initiative in April 2021 and installed 360 Surround Vision and Student Protector systems on pilot project school buses in British Columbia and Ontario. Gatekeeper's 360 Surround Vision is a perimeter visibility system which provides a surround view of the school bus and is automatically activated when the bus is reversing or making side turns. The surround view is displayed on a specialized rear-view mirror system allowing drivers to monitor school children all around the bus. Gatekeeper's Student Protector is an infraction camera solution specifically designed to record and target vehicles that illegally pass a school bus when the stop arm is deployed and captures license plate information day or night up to four lanes from a school bus. "Gatekeeper applauds this new Transport Canada regulation to improve school bus safety," commented Doug Dyment, Gatekeeper's President, and CEO. "We have supported the Task Force on School Bus Safety from its early beginnings as a pilot project provider showcasing our innovative 360 Surround Vision and Student Protector solutions and we look forward to working with Canadian school districts and school bus manufacturers on the implementation of this important regulation." For more information visit Transport Canada press release and regulations. About Gatekeeper Systems Inc. Gatekeeper is a leading provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics, and Mobile Data Collectors to interconnect public transportation assets within a Smart City ecosystem. The Company's Platform-as-a-Service (PaaS) business model is centered around wirelessly enabled Mobile Data Collectors which forms the foundation of the Company's data company evolution. Contact Information: Douglas DymentPresident & CEOddyment@ 864-6187 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 November 30, 2024. 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 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. To view the source version of this press release, please visit
