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Hello Mike,
Hope you are doing well!
I am still here and holding tight. Have high hopes for this one.
Gatekeeper just increased their financing from $ 5 to 6 million. Looks like the demand for their new ITS systems is about to accelerate.
Abbotsford, BC – September 9, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce that, due to increased interest in its previously announced non-brokered private placement (the “Financing”), the Company has increased the size of the Financing from $5 million up to $6 million.
The Company intends to use a portion of the funds from the Financing to accelerate sales and delivery of the Company’s Intelligent Temperature Sensing Systems (ITSS) which has been designed to efficiently measure the body temperature of students while boarding a school bus or entering schools.
Doug Dyment, CEO of Gatekeeper, commented: “There is increasing interest from our school district customers for the use of ITSS as a solution to meet the various State authority guidelines relating to the safe reopening of public schools. For more than a decade we have delivered innovative technology-based solutions to over 3,000 school district customers to improve the safety of the 25 million schoolchildren who ride 500,000 school buses daily in the US alone. We are in constant dialogue with our school district customers to offer helpful solutions as they manage through this pandemic, and we are proud to launch ITSS as the industry’s best intelligent temperature sensing solution for school buses and transit authorities.”
ITSS is a contactless system that can determine body temperature within 20 milliseconds using thermal cameras, artificial intelligence, and video analytics. Visual and audible alarms are triggered when temperature thresholds are exceeded. When passengers board a bus, the ITSS panel records body temperature within a range of 0.6-meters at an accuracy of +/- 0.5 degree Celsius.
The Financing will now consist of up to 6,000,000 units (each, a “Unit”) at a price of $1.00 per Unit for gross proceeds of up to $6 million. Each Unit in the Financing is comprised of one common share of the Company and one common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to acquire an additional common share at a price of $1.10 for a period of twenty-four (24) months. Should the stock price trade over $1.35 per share for a period of ten consecutive trading days, the Company will have the right to accelerate the expiry of the Warrants by providing notice to the holders of the Warrants by news release that the Warrants will expire on the date that is not less than 30 days from the date the notice is provided.
All securities issued in connection with the Financing are subject to a four month hold period under applicable Canadian securities laws. Closing of the Financing remains subject to acceptance of the TSX Venture Exchange.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Contact Information
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
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ITSSTM could be huge! Plus, it is brilliant move to launch the product, just as kids are starting back to school.
Wow! How about this product just released by Gate Keepers?
Abbotsford, BC – August 4, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, today announced the launch of Intelligent Temperature Sensing System (ITSSTM), an intelligent infrared body temperature sensor system that incorporates a smart panel, thermal imaging and artificial intelligence to quickly and accurately measure the body temperature of passengers who board school buses and public transportation vehicles.
ITSS is a contactless system that can determine body temperature within 20 milliseconds using thermal cameras, artificial intelligence, and video analytics. Visual and audible alarms are triggered when temperature thresholds are exceeded. When passengers board a bus, the ITSS panel records body temperature within a range of 0.6-meters at an accuracy of +/- 0.5 degree Celsius.
The 7-inch ITSS panel is equipped with facial recognition capabilities to improve accuracy, and which also allows customers to pursue future applications such as intelligent passenger routing, contact tracing, passenger counting, or payment verification. The panel records images within 40 milliseconds and has storage capacity of 50,000 facial images.
“ITSS is the first product launch of the passenger health check solutions we are working on that are tailored to the enormous bus transport market. Each weekday in the US alone, more than 25 million school students and 18 million transit passengers board buses at locations that are primarily not stations, meaning that health screening tools are needed at the bus boarding point. ITSS allows transit and school bus agencies to provide a safer transportation environment for their passengers using technology similar to what is already being put in place by airports and airlines,” said Doug Dyment, CEO of Gatekeeper. “The ITSS solution is also an example of a new additional data layer that we are building out on our PaaS platform business model, and we are well equipped to do so.”
Over the past seven years Gatekeeper has installed approximately 28,000 intelligent devices on school buses, transit buses and trains, which forms the foundation of the Company’s Platform-as-a-Service (“PaaS”) business model which is centered around intelligent video devices that the Company is actively installing on public transportation vehicles and trains. The intelligent devices collect vehicle data such as video, audio, GPS, time, door open/close, and serve as the “black box” to aid in transit accident investigations. The video evidence data is also used by transit authorities to protect against fraudulent claims. The PaaS units are WiFi enabled, mobile connected, or mobile enabled, allowing public transport assets to become part of the intelligent transportation solution in a Smart City ecosystem.
The PaaS platform will also serve as the AI-based intelligence platform for future applications such as thermal camera sensors, passenger counting and contact tracing. The Company is actively evaluating additional solutions that will layer onto the PaaS platform, including new innovations that may be desired by transit authorities and Smart Cities during and following the COVID-19 pandemic, such as contact tracing, bus loading and intelligent routing.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Sorry Mike, Don't think I able to.
I am going to register for the basic service thru InvestorsHub. Probably in the next day or two. I will private message you then.
Probably because it is just a glorified PR.
Their just letting us know they have great products and opportunity but still no revenue to speak of yet.
With a low market cap, innovative products, and a huge market to sell into, I am optimistic the revenue will follow at some point. If or when that happens, will be the next breakout for the stock. Until then, I think AMPG will struggle to break that 10 cent wall that seems to exist.
I discovered PNNX a little over a month ago. At this point, I could care less about their revenue. The only thing I am focusing on is the site map for YSO.
When I first bought shares, Florida and Georgia were the only States with businesses using YSO. Now in the last week in a half, the site map has filled out all across the U.S.
The expansion of the site map is telling me 3 things.
1. YSO is being validated as a functional platform.
2. At some point, the revenue will follow.
3. The Companies in this space have 1+ billion dollar market caps. If YSO does in fact go viral( which it is showing signs that it could), chances are this will threaten one of these billion dollar Companies business model. And if that happens......
Never heard of the Tick Tock a year ago. Seen on the news the Company has a $17 billion valuation. The potential in this space is crazy!
Hey Mike,
Still holding strong on AMPG. I would love to see them start landing contracts like Gate Keeper is.
I found a company on a volume alert a little over a month ago that I have been focusing on lately. Since we have a couple of the same stocks in common, it may be one worth you taking a look at. It is definitely wildcard but to be right on this one could produce a massive return.
The company is Pennexx Foods (PNNX). Their flagship product is a social media app called YSO ( Your Social Offers) that was launched back in the Spring. This app is a platform that allows businesses to market themselves with coupons and promotions thru social media.
There is a site map of the U.S. that shows the businesses that have signed up so far. I have been watching this very closely and it has been expanding rapidly over the last couple weeks. I wouldn't classify the app as going viral yet but if that does happen, I think this stock will explode.
BTW- the other companies the play in this space all have 1+ billon dollar market caps.
There is a lot of good information on Investorshub and the board is pretty active.
I wish you well with your investments and hope they all turn into multi-baggers for you.
I was buying as well on the pullback.
For me, a company like Gatekeeper is such a rare find in the OTC world. I want to make sure I take full advantage of this opportunity.
Also, nice to see Gatekeeper secured a $3 million LOC to support the growth.
GATEKEEPER ENTERS INTO $3M REVOLVING CREDIT FACILITY WITH TD BANK AND PROVIDES UPDATE ON GROWTH
Abbotsford, BC – July 23, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce it has entered into a revolving credit facility (the “Credit Facility”) with Toronto Dominion Bank pursuant to which Gatekeeper will be entitled to borrow up to CAD $3 million to support the Company’s growth.
Advances made under the Credit Facility will bear interest at a rate of prime plus 0.85% per annum and United States Base Rate (USBR) loans at a rate of prime plus 0.75%. The Credit Facility is intended to be used for general working capital purposes.
The Company recently filed its financial results for the nine-month period ending May 31, 2020, reporting nine-month revenues of $12.6 million, no long-term debt, and working capital of $7.7 million. Since May 31, 2020, the Company’s business has continued to grow, and outstanding receivables now stand at approximately $6.5 million. The Company expects this growth to continue and will utilize the Credit Facility as required to fund the continued growth.
Doug Dyment, President and CEO commented, “Our current accounts receivable balance is the highest in the Company’s history and is already approaching the level of what was full-year revenue just a couple of years ago. We accomplished this growth without any dilutive financings. I am delighted that a top tier bank, after completing their careful due diligence, has provided us with a credit facility on very favorable terms during this period of heightened global economic uncertainty. It speaks to the solid foundation and promising growth outlook of our company.”
The Credit Facility is secured by a General Security Agreement (GSA) for Gatekeeper Systems Inc., representing a first charge on the Company’s present and after acquired personal property, and a Uniform Commercial Code Security Agreement (“UCC”) for Gatekeeper Systems USA Inc., among other customary guarantees, and is repayable upon demand. The initial drawdown under the Credit Facility is subject to satisfaction or waiver of certain conditions precedent customary for a financing of this type.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Contact Information
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
I had a feeling something was going on today with the volume pop. And sure enough, another contract.
Just amazing how fast Gatekeeper is growing. I don't think this is going to stay a hidden gem for much longer.
GATEKEEPER EQUIPS SCHOOL BUSES IN ONTARIO THROUGH 3RD LARGEST SCHOOL TRANSPORTATION PROVIDER IN NORTH AMERICA
Abbotsford, BC – July 23, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce it has been contracted through Student Transportation of Canada to equip buses in Ontario with intelligent video recording solutions.
Student Transportation of Canada (STC) is the Canadian division of Student Transportation of America, North America’s third largest school transportation provider, and operates over 16,000 vehicles for over 325 school districts across North America.
Through contracts with STC, Gatekeeper will equip over 70 buses in the Niagara and Peel regions of Ontario for the French first language school bus consortium “Francobus”.
Doug Dyment, President and CEO commented, “STC has become an important customer recently, and several of our recent contracts in Nova Scotia and Ontario have been through them. We are incredibly pleased with this developing relationship.”
The use of video on school buses is growing rapidly and Gatekeeper has significant experience in supplying cameras for school bus safety. During its operating history, the Company has sold over 100,000 cameras that are being used to help protect children while riding to and from school.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The Company uses AI, video analytics and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. The Company’s Platform-as-a-Service (PaaS) business model is designed to connect moving vehicles in the era of Internet of Things (IOT).
www.gatekeeper-systems.com
Contact Information
Douglas Dyment
President & CEO
ddyment@gatekeeper-systems.com
(604) 864-6187
Hello Mike,
Good find on TOMZ! Especially, if you got in early.
The rate GKPRF is adding new contracts and expanding thru the US, I think there is a good chance GKPRF's chart will look just like TOMZ's in another 3 months.
Very impressive! I think they will continue to build on these results.
Gatekeeper is showing no signs of slowing down.
Nice to be in two stocks right now that have the potential to be multi-baggers.
Good news keeps coming!
This is setting up very nicely.
With the stock price at an all time high, there are no investors underwater on GKPRF, which should equate to very little resistance in keeping this from moving higher.
GATEKEEPER STOCK REACHES ALL-TIME HIGH THANKS TO SEQUENCE OF NEW CONTRACTS
June 27, 2020 Leave a comment
Investors who bought shares of Gatekeeper Systems (CA:GSI – $0.39 & US:GKPRF – $0.29 & GER:1GK – €0.26) when we first recommended the stock in September 2018, are now smiling all the way to the bank. The stock this week reached a new all-time of $0.46, more than four times the price at which we first featured the Company.
Although the stock had already doubled about a year after first recommending it, it doubled again in recent weeks as the Company announced one contract after another. The pace at which Gatekeeper is gaining new business is simply overwhelming and the market has finally noticed this fast growing Artificial Intelligence (AI) & Video Analytics provider.
This week, Gatekeeper first announced that it received purchase orders from several school districts in Florida to install or retrofit video solutions on 260 of their school buses. Two days later, investors found out that Gatekeeper sold 70 intelligent video recording solutions, which are to be installed on brand new buses of a US transit agency.
With advancements in technology, the role of buses has become more and more comprehensive, from merely transporting people to security incorporated vehicles. In fact, location-based tracking, attendance assurance and real-time video surveillance of both interior and exterior of the vehicle are among the most discussed requirements for bus safety today.
Noteworthy is that these two latest deals make it even more obvious that Gatekeeper is getting traction in different regions in the US. Just last week, the Company signed an impressive deal with the 436th Airlift Wing at Dover Air Force Base. And two weeks ago, GSI announced a $270,000 CDN contract in the state of Virginia to install or upgrade intelligent video solutions for school bus interiors in four school districts. This is all in addition to its already nationwide presence in Canada, where the Company does business in all ten provinces.
OEM Supplier
Also noteworthy about Gatekeeper’s most recent deal is that the 70 systems will be factory-installed by a transit bus manufacturer. Although the exact manufacturer wasn’t mentioned by Gatekeeper, it is an important step to become the original equipment manufacturer (OEM) of intelligent video recording solutions to a transit bus manufacturer, as it opens the door of possibility that the transit bus manufacturer could select Gatekeeper for their other transit customers.
“Being an OEM supplier is an important milestone for us and we are very encouraged by the increasing adoption of our PaaS platform for Smart Cities in the transit market” commented Doug Dyment, President and CEO. “We are seeing increasing interest from transit authorities as they seek technology solutions that improve passenger safety and transit efficiency, as cities reopen following COVID-19 lockdowns.”
Gatekeeper’s Platform-as-a-Service (PaaS) business model is centered around its intelligent video devices that the Company is actively installing for transit authorities on multiple transportation modes. The intelligent devices collect vehicle data such as video, audio, GPS, time, door open/close, and will also serve as the AI-based intelligence platform for future applications such as thermal camera sensors, passenger counting, and video enforcement to capture the license plates of vehicles driving in the bus lane or illegally passing streetcars while passengers are loading or unloading.
Gatekeeper’s PaaS units are WiFi enabled and mobile connected, allowing public transit assets to become part of the intelligent transportation system in the Smart City ecosystem. The PaaS units also serve as the “black box” to aid in transit accident investigations.
Not the End of the Ride
Is it too late to buy shares of Gatekeeper Systems now that its stock has quadrupled? We feel it isn’t. Knowing that in about a month, the Company will publish its third quarter financials for the three months ended May 31, 2020. We have every reason to believe that these will be very solid numbers.
Remember that during the first six months of the fiscal year, ended February 29, 2020, Gatekeeper’s revenue grew 53% from $4,538,297 to $6,931,041. Moreover, its net income turned from a net loss of $1,142,904 to a net profit of $90,219. In fact, Gatekeeper has recorded positive net income in three of the last four quarters with a narrow loss in Q1 2020. Its net income for those last four quarters combined is $856,000.
On top of that, the outlook for the Company remains outstanding. Gatekeeper’s Platform as a Service (PaaS) strategy provides its customers with multiple services from Mobile Artificial Intelligence (MAI™) for smart city applications to end to end high definition video and data management solutions. This strategy is getting more and more attention of transit authorities throughout North America.
The valuation measure for Gatekeeper is beginning to change as it builds out its PaaS platform for intelligent transportation solutions. For example, Tesla is now valued as a data company, not a car company. Likewise, Facebook is now valued as a data company, not a social media company. We believe that Gatekeeper will be valued as data company, not a camera company, as it builds out its PaaS platform.
Currently, we have a price target on Gatekeeper’s shares of $0.69. This number could very well increase when third quarter financials are as positive as we expect them to be. Smallcaps Recommendation: BUY.
Smallcaps.us Advice: Buy Price Target: $0.69 Latest Company Report (pdf)
For important disclosures, please read our disclaimer.
Good to see the volume picking up. Chances are there is a PR coming. If that is the case, lets hope it is one referencing a revenue producing contract. That should be the spark needed for breakout.
Abbotsford, BC – June 17, 2020 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V: GSI) (OTC: GKPRF) (FSE: 1GK) a leading provider of intelligent video solutions for public transport and smart cities, reports it has received a contract from the 436th Airlift Wing at Dover Air Force Base to supply 360-degree camera technology which will be used to provide drivers with real-time video imaging of complete vehicle surroundings in certain vehicle applications.
Dover Air Force Base is a United States Air Force base in Delaware. Dover Air Force Base and its host unit, the 436th Airlift Wing, run the busiest and largest air freight terminal in the Department of Defense. The 436th Airlift Wing works around the clock to transport personnel and cargo to all corners of the world in fulfillment of its rapid global mobility mission.
Gatekeeper has a history of providing specialized technology solutions to the United States Air Force. Gatekeeper has previously equipped the Air Force AC-130 gunship with high-definition digital airborne video recorders that interface with the L3 Wescam MXTM 15Di digital multi-sensor, multi-spectral airborne imaging systems.
Gatekeeper CEO Doug Dyment stated, “We are thrilled that the United States Air Force has awarded this contract for our 360-degree camera technology. Our long-standing business relationship with the Department of Defense is an indication of the quality that Gatekeeper delivers, and we look forward to increasing our future business in this sector.”
Gatekeeper’s 360-degree camera solution provides the driver with 360-degree real-time imaging, which can be automatically activated using the systems configuration feature. The 360-degree view is displayed within the vehicle’s specialized rear-view mirror system, allowing drivers to monitor the complete surroundings of a vehicle to
Thanks Mike!
I will check them out.
Also, see below. Found on the yahoo message board this morning.
This explains where the volume was coming from on the the Canadian Exchange. Very impressive vote of confidence by the CEO.
Richard f H13 hours ago
Why is yahoo not mentioning the news that some days ago this company also closed a new deal with the defense department. which makes that they are entering a new market. This company is currently extremely healthy, has a great cash balance, many new orders, Covid resistant, a CEO that purchased almost 2.900,000 shares recently.
This company will be worth hundreds of millions within 2 to 3 years.
Bullish
Hey Mike,
Glad to see you are in this one as well.
In my opinion, Gatekeepers seems to be a hidden gem.
1. Growing Revenues.
2. Turning profitable.
3. 36% inside ownership.
4. Being in the security business, especially in today's world, is a big
positive.
I don't know if you happened to notice, but I am pretty sure GKPRF closed at an all time high today.
I still like AMPG. The Company just needs to focus on the business and not their stock price. As you have mentioned before, if they could just land a new contract or some new revenue stream, this could move up pretty quickly. Especially, with only a $2 million market cap.
Volume coming from the TSXV Exchange (GSI.V). Either way, nice to see this one finally getting noticed and gaining traction.
I was really happy to see that the Company received the PPP Loan. As long as they are using the funds to cover payroll, benefits, rents, and utilities for an eight week period, the loan will be forgiven by the SBA.
My guess is they received the funds late April. This should keep them expense free thru May and June. Not only will this protect their cash flow but will also offset some of the loses incurred from Covid-19.
Many positives with Amplitech and it is crazy to think Market Cap is 1.7 million. Sure seems like a good setup to produce a multibagger someday.
I was hoping see a PR about the Company receiving the SBA Payroll Protection Loan. Either they dropped the ball on this and didn't apply or received the money and just aren't announcing it.
Basically, if they did apply and received the money, it would be 2.5 times their monthly payroll, benefits, rents, and utility expenses. As long as the money is used for these expenses,it becomes a grant and not a loan, which means they don't have to pay it back.
Lets hope the Company's CFO was all over this. The money would go along way in helping them thru the Pandemic.
Excellent day!
Also, nice to see AMPG show up under predefined scans on stockcharts.com.
Showed up on the new 52 Week High as well as Strong Volume Gainer Scan. No better way to advertise your stock than that and it is free of charge.
I am glad to be on board. As of now, AMPG is my favorite stock for 2020.
That is good to hear! In my opinion, innovation will be an important component of their continued growth. It is nice to see they are taking steps to accomplish that.
I agree! Management needs to stay focused on the business and not the stock price.
So many positives here but trying to promote your stock price is not one of them. At this point, this is the only major concern that I have with the Company. Hopefully, Management will figure this out quickly and stop with these stock promoting PR's.
A company with a 3.5 million market cap should never, ever put out a PR about up listing to the Nasdaq!
I feel like AMPG is ready and close to make another move upward.
The weekly chart looks good. Forming a strong base, trading above the 50 and 200 WMA's, and the Bollinger Bands are compressing.
Combined with the fundamentals of growing revenues, profitability,outstanding customer list( including fortune 500 companies),
specialized technology, 40% inside ownership,and the best part of all, the company is currently at a $3.5 million market cap.
It is funny that you ask how I found AMPG. Actually, found it thru you. I am a paid subscriber to Microcap Club and discovered thru one of your post from sometime back. So thanks.
I agree as well, that 2020 could be the breakout year. Either way, I have the patience and discipline to hold as long as the company continues to execute. I really like the fact the market cap is only $3.5 million! So, if or when a breakout accrues, AMPG should have some room to run.
What a find! I have been accumulating this stock over the last three months. This stock seems to have all the right ingredients turn into something special someday.
With the markets hitting all time highs, nobody is paying attention to this little microcap stock at the moment,which has allowed me to continue to buy at these levels.