Gatekeeper Systems Inc V.GSI

SEPTA upgrade for 200 rail cars

[Ciao]

Hopefully GSI will get the video contract for these steel wheels.

https://www.railwayage.com/passenger/rapid-transit/stv-tapped-to-lead-procurement-for-new-septa-railcars/

[CryptoCurrency]

This link may not work (see below), as the RFP is closed. But, I can confirm that Gatekeeper is already specced on these 200 trains. At 30-40k USD per train, this is nearly a $10 million contract. Good things coming! This is RogersBull by the way, I just have a different account on my phone.    https://www5.septa.org/wp-content/uploads/bid/JGCY20230256-23-00085-AJAC-M5-Metro-Rail

[Ciao]

Hey RB, I'm trying to confirm the $30 to $40K per train as USD or CDN, I can't recall which interview I heard that number.  Nonetheless as soon as SEPTA awards it, then it's automatically awarded to GSI. So this has to be in part what Doug was referring to in his interview.

[CryptoCurrency]

Ciao, I remember hearing that number in several interviews, but you are correct and it could be CAD. Also, Gatekeeper is specced on these 130 streetcars as well. Lots of contracts that Gatekeeper is already specced on, but they aren't announced as of yet. Even in CAD, these two train contracts are well over $10 mil in hardware revenue coming our way soon: https://www5.septa.org/wp-content

[Ciao]

RB, yeah spec'ed on the streetcars as well, GSI appears to be the vendor of choice for SEPTA. Doug did say that investors would be impressed with 2024 revenues, so hopefully we'll get some contract announcements to allow rev to fall into H2 2024.