INVESTORS NEWS
FOR IMMEDIATE RELEASE
Gatekeeper Receives $535,000 in new Purchase Orders for its new High Definition Mobile Video Product Line
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- Gatekeeper ramps up production to fulfill new purchase orders for its high definition (“HD”) mobile video systems scheduled for August 2015 delivery
- Gatekeeper projects a paradigm shift to HD video will create a new multi-billion dollar opportunity for the global mobile video systems market
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Abbotsford, BC July 14th, 2015 Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF) is pleased to announce it has received approximately CAD $535,000 in new purchase orders for its HD mobile video systems. The new purchase orders span across multiple markets, including school buses and law enforcement vehicles.
It is estimated that HD cameras have grown to approximately 20% of the general security market. Many companies making the early transition have experienced significant growth. The commercial mobile video systems market, which includes over one million vehicles in North America, has been slow to transition due to a number of factors including cost, performance, and technical capability. The Company believes less than one percent of the mobile market has transitioned from analog to HD cameras, creating a significant growth opportunity for its scalable HD product family.
The new Gatekeeper product line solves many of the issues that have been delaying the overall market transition. The Company’s HD product line is very competitive on a cost basis and offers superior performance and comprehensive technical capabilities. Gatekeeper’s HD product line allows customers to upgrade to HD cameras without replacing their existing analog cameras making the transition cost effective. Synchronized video, voice, GPS and vehicle sensors such as brakes, signal lights and sirens provide fleet managers with a complete video record, inside or outside their vehicles, which can provide important intelligence for safety and security purposes as well an effective operational data analysis tool. Intelligent incident management software combined with live viewing capability from remote sites enables fleet managers to partner with law enforcement in emergency situations to access live video from any vehicle anytime over 3G or 4G networks. Law enforcement can then deploy appropriate focus when and if necessary based on real time video of actual events.
The new HD video system provides better quality video for facial recognition, license plate reading and overall situational analysis. The Company’s technology is an open-end design allowing for integration with third party software companies such as large security enterprise management, computer aided dispatch, transportation routing and child attendance, fingerprint reading software and wireless networks.
Doug Dyment, President and CEO of Gatekeeper commented, “We believe our HD technology with video management software is the most comprehensive high definition product family on the market. It allows customers to start small and grow into the technology at their own pace without replacing their existing analog cameras. Initial customer response has been outstanding resulting in a near 100% close rate when introducing new and existing customers to our HD family of products. Providing customers with scalable choices and outstanding service is driving more end-users and partners to us. We are planning a North American marketing and sales campaign in September with an anticipated overseas launch to follow.”
The launch of the Company’s new HD mobile video security system compliments the Company’s automated video enforcement system for capturing and managing school bus stop-arm violations, XFORCETM body cameras, in-car video systems, and XVAULTTM Evidence Management System for managing body-worn camera recordings.
The Company is entering an important time in its development. The base business, selling mobile video systems, is experiencing organic growth from the transition to HD products, as well as partnering with OEM bus manufacturers. Gatekeeper is positioned to potentially have a record year of sales for 2016. In addition, there is also potential for significant growth with the establishment of two new and important sales verticals: Student Protector, providing stop arm cameras and software for school buses and XFORCE, HD Body Worn cameras for law enforcement and XVAULT software.
About Gatekeeper Systems Inc.
Gatekeeper provides innovative, end-to-end video safety and security solutions for mobile applications including body cameras, in-car police video systems, school bus video and stop arm camera systems, transit bus video systems, and airborne digital recording systems for military applications.
The Company is headquartered in Abbotsford, British Columbia, Canada, and its shares are traded on the TSX Venture Exchange under the symbol “GSI” and on the OTC Markets under the symbol “GKPRF”.
For more information visit: www.gatekeeper-systems.com.
Neither the 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.
Sincerely,
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Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, including projected sales and revenue, plans, objectives, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, including that new contracts will be awarded as expected by management and that the Company will be achieve sales and revenues as expected and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including the Company not being awarded new contracts and being unable to realize expected sales or revenues. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. To the extent that any forward-looking information constitutes future-oriented financial information or financial outlooks within the meaning of securities laws, such information is being provided to inform the reader of the potential financial impact of expected results and may not be appropriate for other purposes. We seek safe harbour.
The names of actual companies and products mentioned herein may be the trademarks of their respectful owners.
2015-07-14 -NR – Gatekeeper Receives $535,000 in new Purchase Orders for its new High Definition Mobile Video Product Line
TRANSIT
SCHOOL BUS
FIRST RESPONDERS
Police
TAXI
TRANSPORT
SERVICE & MAINTENANCE
G4 VIEWER PLUS
TRAINING & TUTORIALS
PRESS & MEDIA
CORPORATE
TEAM
MOBILE DATA COLLECTORS (MDC™)
Y35 HD v3
Y35 v3
Y58 v3
508HD4a
Y724
Y816-R
Y816 v3
Locomotive Image and Audio Recording Devices
WIRELESS
ARTIFICIAL INTELLIGENCE
AI Dash Cam
ALE™ – Automated Lane Enforcement
Pedestrian Protector Camera AI382 AHD For Transit
HOSTED SOLUTIONS – G4 VISION
Health Check
INTERIOR VIDEO FOR TRANSIT
S32 IP v3 Camera
CI960 IP v3 Camera
WA12 Wide Angle Camera
Passenger Counting Sensor (PaC30)
EXTERIOR VIDEO FOR TRANSIT
Pedestrian Protector Camera AI382 AHD For Transit
360° Surround Vision System (SV12 v3)
MOBILE DATA COLLECTORS (MDC™)
Y35 HD v3
Y35 v3
Y58 v3
508HD4a
Y724
Y816-R
Y816 v3
WIRELESS
Mobile Wi-Fi System – School Bus
ARTIFICIAL INTELLIGENCE
AI Dash Cam
School Bus Student Protector
Pedestrian Protector Camera AI382 AHD for School Bus
HOSTED SOLUTIONS – G4 VISION
Health Check
Clarity™
INTERIOR VIDEO FOR SCHOOL BUS
S32 IP v3 Camera
CI960 IP v3 Camera
WA12 Wide Angle Camera
Passenger Counting Sensor (PaC30)
EXTERIOR VIDEO FOR SCHOOL BUS
Student Protector Camera System (SP15)
Pedestrian Protector Camera AI382 AHD for School Bus
360° Surround Vision System (SV12 v3)
