Mr. Douglas Dyment reports

GATEKEEPER ANNOUNCES $450K SCHOOL BUS VIDEO CONTRACTS IN CANADA, COMMENTS ON RECENT REGULATION

Gatekeeper Systems Inc. has formed new contracts with school district customers in Canada, and comments on Transport Canada's recent regulation.

Under the new contracts, school buses in certain school districts in Alberta, Manitoba and British Columbia will be equipped with mobile data collectors and video under the company's platform-as-a-service (PaaS) business model. The contracts have an aggregate value of approximately $450,000.

Doug Dyment, Gatekeeper's president and chief executive officer, commented: "We're excited by our continued school bus market share penetration in Canada. Once our PaaS platform is installed on a school bus, it becomes easy to add new safety solutions in the future, such as the perimeter visibility system that will soon be required on all new school buses in Canada. We are actively working with our customers to prepare for the new Transport Canada mandate, which we believe represents a meaningful business opportunity for Gatekeeper and a safer transportation environment for school children."

The recent Transport Canada regulation requires that, beginning on Nov. 1, 2027, perimeter visibility systems be installed on all new school buses. As an experienced provider of school bus video solutions, Gatekeeper was selected as a pilot project supplier for this initiative and installed its 360 Surround Vision perimeter visibility systems on pilot project school buses in British Columbia and Ontario. Transport Canada estimates the costs of this regulation to be $196-million in present value between 2024 and 2036 and estimates 65,105 school buses will be affected by 2036.

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 artificial-intelligence-assisted video analytics for incident management and storage. The company's platform-as-a-service (PaaS) business model is centred around the mobile data collectors, which are the cornerstone of its data company transformation.

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