Abbotsford, BC – June 30, 2025 – TheNewswire - Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX-V:GSI) (OTC:GKPRF), a leader in video and data solutions for school buses, public transit and smart cities, announces the Company has increased its letter of credit facilities with TD Bank and strengthened its vendor financing arrangements.

 

The Company has increased its letter of credit facility with TD Bank from $2.0 million to $7.5 million to accommodate potential inventory purchases and performance bond guarantees for large projects. The Company also has in place a revolving credit facility with TD Bank pursuant to which the Company may draw up to $6 million for working capital provisions.

 

In addition, the Company has favorable vendor financing arrangements with certain suppliers for defined large projects.

 

At the end of the Company’s most recent fiscal quarter ended February 28, 2025, each of the letter of credit facility and the revolving credit facility were undrawn, and in addition, the Company had working capital of $16.1 million and no borrowed-money debt.

 

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. www.gatekeeper-systems.com

Contact Information:

Douglas Dyment

President & CEO

ddyment@gatekeeper-systems.com

(604) 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 February 28, 2025. 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.