RE:What do you make of this?I can't see the money either.
I still don't like the way the placement was done so call me biased.
Here is the latest- 5 customers and 3rd of the revenue if the sheriff is Gung ho
Mr. Douglas Dyment reports
GATEKEEPER AWARDED RECURRING REVENUE CONTRACT FOR STOP-ARM CAMERAS BY CHATTOOGA COUNTY SCHOOL DISTRICT
Gatekeeper Systems Inc. has entered into a five-year recurring revenue contract with Chattooga County School District in Georgia, United States. Pursuant to the contract, the company will provide an initial installation of 15 Student Protector multilane stop-arm video enforcement cameras equipped with TIM (traffic infraction management) technology.
Chattooga County School District operates school buses on approximately 33 routes. The 15 routes having the highest observed rate of stop-arm violations -- collectively measured by local authorities at over 40 violations per day -- will be the first to receive systems. Gatekeeper will be working in conjunction with Chattooga county sheriff's office, in accordance with the Georgia state legislation and Georgia's intergovernmental agreement to provide the district with an automated stop-arm camera solution. Under the contract, Gatekeeper is responsible for administrating the project and managing the process from violation through paid citation, while the sheriff's office will be responsible for approving or rejecting violations. The revenue generated from collection of citation fees finances the program and will be split amongst the district, the county and Gatekeeper.
In Georgia, stop-arm violation tickets begin at $300 for the first offence, $750 for the second offence and $1,000 for subsequent offences within a five-year period. The contract is for an initial five-year term, beginning on the day which the first citation is issued, and automatically renews for an additional five-year term unless the district or Gatekeeper provides written notice of its intention not to renew the contract.
Douglas Dyment, president and chief executive officer, commented: "We are thrilled that Chattooga county has chosen Gatekeeper for this project to deter stop-arm violators and look forward to working with them. This is the fourth revenue-sharing contract we have landed in Georgia, and are confident that positive results and user experiences from this will help further drive Gatekeeper's transition into a leading end-to-end solution provider."
The company currently has 22 school districts throughout the United States in the evaluation phase, representing 1,684 school buses, and is hopeful that it will be awarded additional contracts following the completion of the evaluation phase.
The National Association of State Directors of Pupil Transportation study for 2016 indicates 74,421 stop-arm violations occurred in a single-day count from 33 of the 50 states that participated. With an average of 180 days in a school year, the number of stop-arm violations could surpass 13 million within the participating states. Ownership of Student Protector equipment and TIM, a proprietary software application, remains the property of Gatekeeper, thereby providing a zero-capital-cost solution to school districts while enabling them to share