Mr. Douglas Dyment reports

GATEKEEPER COMPLETES $9 MILLION TRANSIT VIDEO AND DATA CONTRACT

Gatekeeper Systems Inc.'s wholly owned subsidiary, Gatekeeper Systems USA Inc., has materially completed a previously announced contract for approximately $6.7-million (U.S.) ($9-million (Canadian)) to provide video and wireless data technology for transit buses and trains. The company expects to recognize revenue related to this contract, which is in addition to the company's regular business, of approximately $2.51-million (U.S.) ($3.47-million (Canadian)) in its first fiscal quarter ended Nov. 30, 2023; $3.76-million (U.S.) ($5-million (Canadian)) in its second fiscal quarter ending Feb. 29, 2024; and $400,000 (U.S.) ($500,000 (Canadian)) in its third fiscal quarter ending May 31, 2024.

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 artificial intelligence, 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 centred around wirelessly enabled mobile data collectors which form the foundation of the company's data company evolution.

We seek Safe Harbor.