GateKeeper USA, Inc. Announced Today It Has Executed an Exclusive Development & License Agreement with Container Security Logistics, LLC.
GAITHERSBURG, MD, January 28, 2008 – GateKeeper USA, Inc. (Pink Sheets: GTKP, formerly GKPR), announced today that it has executed an Exclusive Development & Licensing Agreement with Container Security Logistics, LLC (“CSL”).
GateKeeper USA, Inc. had issued a “Request for Proposal” (RFP) for technology that is non RFID dependant, not “Current Off the Shelf” and above existing “State of the Art” technology that GateKeeper USA, Inc., feels is necessary to successfully address the container security issue. The container security market has been described as “still in its infancy since there has been scant progress on industry-wide technical standards and effective government mandates”, according to an ABI Research report released in Q-4 2007. CSL, was the successful respondent to the RFP and a contract was finalized today.
CSL will aggressively and immediately prosecute the development and accelerate the manufacturing process of GateKeeper USA’s Container Automated Monitoring System (CAMS). CSL anticipates that it will be shipping the first devices within the very near future. GateKeeper USA shall have the Exclusive worldwide rights to sell, market and distribute all present and future generations of CAMS devices manufactured by CSL. GateKeeper USA will begin marketing the CAMS devices, initially, to countries included in the Container Security Initiative (CSI).
The CAMS devices are in response to, and designed to meet and exceed specifications under, the Container Security Initiative (CSI) guidelines. Subsequent generations of the CAMS devices are also included in the development and are expected to be tested and be available as early as Q4 2008.
All generations of the CAMS device are available in overt and covert configurations.
“We are very pleased to be working with CSL Ltd. They have a world class team of experts and we are extremely confident that they will meet and exceed all of our expectations,” stated James W. Wishart, Chairman and CEO of GateKeeper USA, Inc.
About Container Security Logistics, LLC.
CSL is a US based company specifically formed to successfully address various areas effecting US border security with an emphasis on securing containerized shipping in compliance with and as mandated by PL 110-53. This program is to be implemented at all foreign ports by July 2012. CSL will be recognized as a leader in the development of “disruptive technologies”.
About GateKeeper USA, Inc.
GateKeeper USA, located in Gaithersburg, Maryland, is engaged in the maritime container industry as it relates to container security and protection from potential terrorist attacks. The initial focus of the company is the deployment of a proprietary shipping container security device known as the GateKeeper Container Automated Monitoring System (CAMS). The Company will employ proprietary detection and identification technologies. The technologies to be utilized by the Company provide rapid, automatic and specific real-time analysis, identification and quantification of the chemical, biological and radio active compounds whether in liquid, solid or gaseous states.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. The Company’s actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors.