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Gatekeeper Systems Secures $450K in Canadian School Bus Contracts Amid New Safety Regulations

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Gatekeeper Systems Secures $450K in Canadian School Bus Contracts Amid New Safety Regulations

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Gatekeeper Systems ( (TSE:GSI) ) just unveiled an announcement.

Gatekeeper Systems Inc. has secured $450,000 in contracts to equip school buses in Alberta, Manitoba, and British Columbia with Mobile Data Collectors and video systems under its PaaS model. This expansion aligns with new Transport Canada regulations mandating perimeter visibility systems on all new school buses by 2027, presenting a significant business opportunity for Gatekeeper and enhancing safety for school children. Gatekeeper’s selection as a pilot project supplier for these systems underscores its industry leadership and positions it to benefit from the estimated $196 million regulatory impact affecting over 65,000 school buses by 2036.

Spark’s Take on TSE:GSI Stock

According to Spark, TipRanks’ AI Analyst, TSE:GSI is a Outperform.

Gatekeeper Systems’ overall score is driven primarily by strong technical indicators and significant corporate events. While the financial performance shows resilience, challenges in profitability and revenue growth present risks. The negative P/E ratio impacts its valuation.

To see Spark’s full report on TSE:GSI stock, click here.

More about Gatekeeper Systems

Gatekeeper Systems Inc. is a leading provider of video and data solutions aimed at enhancing safety in transportation environments for children, passengers, and drivers on public transportation fleets. The company has served over 60 transit agencies and 3,500 school districts across North America, installing more than 57,000 Mobile Data Collectors that record video and data from over 200,000 onboard devices. Gatekeeper’s Platform-as-a-Service (PaaS) model focuses on these Mobile Data Collectors, supporting AI-assisted video analytics for incident management and storage.

Average Trading Volume: 137,509

Technical Sentiment Signal: Buy

Current Market Cap: C$84.57M

For an in-depth examination of GSI stock, go to TipRanks’ Overview page.

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