(via TheNewswire)

Abbotsford, BC - TheNewswire - October 23, 2023 - Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX-V:GSI) (OTC:GKPRF), a video and data solutions provider for public transportation and smart cities, supports the Federal Railroad Administration (FRA) final rule that requires video and crashworthy recording devices to be installed on all intercity passenger and commuter trains in the United States. Gatekeeper is an experienced solutions provider protecting people in transit and over the past five years Gatekeeper has installed hundreds of crashworthy video recording devices on passenger trains for public transportation operators in the United States.

“This rule is a big step forward in improving passenger safety on trains,” commented Doug Dyment, President, and CEO. “Equipping all passenger trains with crashworthy video and data recorders is tremendously advantageous during accident investigations in the same way black boxes are used in the airline industry. We purposefully designed our NTSB-compliant crashworthy mobile data collectors for trains and we are an experienced solutions provider. Gatekeeper supports this FRA rule and will help public transportation operators comply with this rule prior to the installation deadline of October 12, 2027.”

On October 12, 2023, the Federal Railroad Administration announced a final rule requiring the installation of inward- and outward-facing image recording devices on all passenger train lead locomotives providing scheduled intercity rail passenger or commuter service. The regulation responds to a National Transportation Safety Board recommendation with the aim to enhance safety across the passenger rail industry. The final rule mandates that locomotive video recording devices must remain operational while the controlling locomotive of a passenger train is in motion and data captured must retain at least the last 12 hours of recorded footage and be stored in a crashworthy memory module. Since locomotive-mounted recording devices on passenger trains are categorized as "safety devices" tampering with or disabling of these vital recording systems is prohibited.

About Gatekeeper Systems Inc.

Gatekeeper is a leading provider of intelligent video and data 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 transportation assets within a Smart City ecosystem. The Company’s Platform-as-a-Service (PaaS) business model is centered around wirelessly enabled mobile data collectors and forms the foundation of the Company’s evolution as a data company. 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 May 31, 2023. 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 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.

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