Mr. Douglas Dyment reports

GATEKEEPER COMMENCES UPSIZED C$2.8M TRANSIT PROJECT IN OREGON

Gatekeeper Systems Inc. has upsized and commenced a previously announced transit video and subscription project with a transit agency in Oregon, and expects to recognize the majority of the project revenue in the fourth fiscal quarter ending Aug. 31, 2026.

The project, initially announced on June 12, 2025, has been upsized to allow for improved system configuration and installation. Original equipment manufacturer factory installation will occur on certain transit buses through Gillig, a leading heavy-duty transit bus manufacturer in the United States. The mobile data collectors for the project will also accommodate up to 16 terabytes of video storage per transit vehicle. The project will equip a full fleet of transit vehicles with a comprehensive suite of video solutions, including subscriptions to the company's artificial-intelligence-assisted video management offering for video analytics and storage.

The upsized project is valued at approximately $1.75-million (U.S.) (was $1.4-million (U.S.)), or approximately $2.44-million (Canadian). The company expects to recognize the majority of this revenue during its fourth fiscal quarter ending Aug. 31, 2026. In addition, the monthly recurring subscriptions related to the project are valued at more than $55,000 (U.S.) (was $50,000 (U.S.)) per year for an initial contract period of five years, or approximately $400,000 (Canadian) in aggregate at current exchange rates.

About Gatekeeper Systems Inc.

Gatekeeper is a leading provider of video and data solutions for a safer transportation environment for children, passengers and drivers on public transportation fleets. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America, and has installed more than 65,000 mobile data collectors for customers which record video and data daily from over 200,000 on-board devices. The company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The company's platform-as-a-service business model is centred around the mobile data collectors, which are the cornerstone of its data company transformation.

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