Recent acquisition and SEPTA contracts worth $1.7 million CDN
Abbotsford, BC - Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to announce that its newly formed subsidiary, “Gatekeeper Systems USA Inc.” (“Gatekeeper USA”), has purchased certain operating assets of Wilmington, Delaware-based Spector Logistics Inc. (“Spector”), which positions it for expansion in the US transit market. Spector Logistics’ founder, Robert (“Bob”) Welsh, has joined Gatekeeper in a business development role.
The assets acquired include a production facility, workforce with technical expertise which expands our capability in the train market, a command and control center in Wilmington designed to manage portable video installations for special events, crowd surveillance, and remote site-monitoring. Gatekeeper USA also acquired Spector’s contracts with the Southeastern Pennsylvania Transportation Authority (“SEPTA”) which are expected to generate approximately CDN $1.7 million in revenue through the provision of video system maintenance and support services of mobile video equipment on 2,400 of SEPTA’s 2,800 transit buses as well as to supply and install cameras, uninterruptable power supplies, and crashworthy hard drives on selected Philadelphia trains.
SEPTA is a regional public transportation authority that operates bus, subway/elevated commuter rail lines, commuter and light rail, and electric trolleybus services to nearly 4 million people in five counties in and around Philadelphia, Pennsylvania. SEPTA is the U.S.’s sixth largest rapid transit system by ridership and is ranked as the fifth largest with about 306.9 million annual unlinked trips. It operates 290 active stations, more than 450 miles (720 km) of track, 2,295 revenue-generating vehicles, and 196 routes.
Gatekeeper President and CEO Doug Dyment said, “I’m delighted that SEPTA has entrusted the service and maintenance of its video systems on approximately 2,400 vehicles to Gatekeeper Systems USA Inc. and we are looking forward to expanding our transit business in the region. Aligning with SEPTA provides an opportunity for additional revenue by way of a contract extension, as well as through the provision of additional video solutions and other services offered by Gatekeeper. We feel fortunate to have acquired high quality and immediately accretive assets and are particularly excited to have Bob Welsh, with his extensive experience in the transit, law enforcement, and military markets, join our management team.”
