GeckoSystems' CEO Traveling
to Japan to Sign $10M Robotics Joint Venture
CONYERS, GA -- February 25, 2016 -- InvestorsHub NewsWire
-- GeckoSystems Intl. Corp. (OTC:
GOSY | http://www.geckosystems.com/) announced today
that their CEO will be flying to Japan in mid March to consummate a
joint venture with the premier Japanese robotics firm, IC-Japan.
For over eighteen years GeckoSystems has dedicated itself to
development of "AI Mobile Robot Solutions for Safety, Security and
Service(tm)."
"I am pleased to report that due to the continued hard work of
our longtime Japanese representative, Mr. Fujii Katsuji, we have
again achieved demonstrable progress securing viable joint ventures
in Japan. This latest, one of several joint ventures ongoing and/or
being entertained, is particularly significant due to the breadth
and depth of the robotics expertise of this company and their
insistence we meet them as soon as possible in Japan to sign a JV
agreement," commented Martin Spencer, CEO, GeckoSystems Intl.
Corp.
Here's why:
Mr. Katsuji found IC-Japan while looking for technologists with
the appropriate education, skills and experience to assist Fubright
Communications, Ltd. and the company in migrating its automatic
self-navigation mobile robot software, GeckoNav(tm), to SoftBank
Robotics' Pepper robot such that it would have cost effective,
utilitarian mobility and be less of a novelty and more practical in
its benefits and value proposition.
At this time, there are approximately 2,200,000 million Japanese
over 65 living alone. Their greatest fear is to die alone and that
their demise not be known to others for a few days. For this reason
and many others, the Japanese government pays 90% of the cost of
personal robots used for eldercare such that concern would be well
addressed. Further, the Japanese government is paying 75% of the
R&D costs to develop robotic healthcare solutions for greater
productivity to provide more economic care giving for their
extraordinarily large senior population.
This new partner is unsure of the mass appeal of the Pepper
robot with its present value proposition and wishes to address
other, proximate market opportunities. They believe there is a
significant, near term market in Japan for eldercare robots and
want to explore all scenarios including, but not limited to, the
Pepper robot as stated by Mr. Nebeta:
"We are very much looking forward to meet with Mr. Spencer and
discuss the large Japanese market for 'welfare robots,'" stated
Takashi Nebeta, CEO, IC-Japan.
The company has already begun the technology transfer of its
proprietary AI mobile robot tech with the GeckoMotorController(tm)
(GMC). (The company's seventh generation GMC uses a proprietary
self-adaptive constant energy paradigm to achieve extraordinarily
smooth acceleration and deceleration of the company's mobile
service robots. A jerky and/or seeming unpredictable moving robot
can be both distracting and disturbing for people or animals that
observe or interact with them.)
Late last year, GeckoSystems had their white paper on Worst Case
Execution (reflex or reaction) Time sufficient for mobile service
robots' safe usage proximate to humans, translated into Japanese.
Mr. Katsuji has been presented that seminal discussion to several
Japanese robotics companies such as IC-Japan. That paper explains
the relevance of GeckoSystems' breakthrough, proprietary, and
exclusive AI software and why this premier Japanese robotics
company desires to enter a contractual joint venture relationship
with GeckoSystems.
"Given the speed with which this latest JV partner prospect
signed our Safety Clause NDA, executed four LOI's, and requested AI
tech transfer, we are all the more convinced of their understanding
of complex robotics systems and the markets before us. Certainly,
on both sides of the Pacific, we are doing as much as is prudent
and/or feasible to maximize the benefit of the monetary costs and
time in going to Japan that resulted in postponing my trip from
February to March. This new, multi-million dollar JV agreement
delineates the reality that GeckoSystems will enjoy additional
licensing revenues that will enable us to further increase
shareholder value," concluded Spencer.
More about GeckoSystems' proprietary SafePath AI
technologies:
Due to the quickness of GeckoSystems' WCET, nearly all forms of
all vehicles can achieve the ability to real time sense and avoid
of moving, and/or unforeseen (unmapped) obstacles. Those
organizations and firms that do not have videos portraying that
their robotic vehicles (drones, driverless cars, self driving cars,
etc.) abilities to timely sense and avoid moving obstacles, simply
cannot do so, as GeckoSystems can: http://t.co/NqqM22TbKN
All mobile robotic vehicles are therefore unsafe for human usage
unless the AI "driver" is jet fighter pilot reflex quick and not
"drugged, distracted, or lacking good enough vision" to be allowed
to drive in public, people congested areas.
As a result of GeckoSystems worldwide preeminence in this
essential WCET parameter, for several years running now,
GeckoSystems has been identified many times as one of the top five
to top ten mobile service robot companies in the world. Several
internationally renowned market research firms, such as Research
and Markets, have named GeckoSystems as one of the key market
players in the mobile robotics industry.
Recent third party market research:
Service Robotics Market (Professional and Personal), by
Application (Defense, Agriculture, Medical, Domestic &
Entertainment), & by Geography - Analysis Forecast (2014 -
2020)
Robotic systems are looked at as the future assistants that are
designed to help people to do what they want to do in a natural and
spontaneous manner. Moreover, with the emergence of ubiquitous
computing and communication environments, robots will be able to
call upon an unlimited knowledge base and coordinate their
activities with other devices and systems. Additionally, the
growing spread of ubiquitous computing will lead to robot
technologies being embedded into ubiquitous ICT networks to become
human agents of physical actions, enhancing and extending the
physical capabilities and senses.
The report focuses on giving a detailed view of the complete
service robotics industry with regards to the professional and
personal applications as well as the geography market. Apart from
the market segmentation, the report also includes the critical
market data and qualitative information for each product type along
with the qualitative analysis; such as Porters Five Force analysis,
market time-line analysis, industry breakdown analysis, and value
chain analysis. The global service robotics market is estimated to
reach up to $19.41 billion by 2020 growing at a CAGR of 21.5% from
2014 to 2020.
Global Service Robot Market 2014-2018: Key Vendors are
GeckoSystem, Honda Motor, iRobot and Toyota Motor
Worldwide Service Robot Market 2018 Analysis &
Forecasts Report
The report recognizes the following companies as the key players
in the Global Service Robot Market: GeckoSystems Intl. Corp., Honda
Motor Co. Ltd., iRobot Corp. and Toyota Motor Corp.
From Forbes:
Investors Take Note, The Next Big Thing Will Be
Robots
BusinessInsider makes some key
points:
* The multibillion-dollar global market for robotics, long
dominated by industrial and logistics uses, has begun to see a
shift toward new consumer and office applications. There will be a
$1.5 billion market for consumer and business robots by 2019.
* The market for consumer and office robots will grow at a CAGR
of 17% between 2014 and 2019, seven times faster than the market
for manufacturing robots.
Note: BusinessInsider.com 's forecasts do not include pent up
demand for family care social robots anywhere in the world.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies
for over eighteen years. It is CEO Martin Spencer's dream to make
people's lives better through robotic technology.
An overview of GeckoSystems' progress containing over 700
pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
These videos illustrate the development of the technology that
makes GeckoSystems a world leader in Service Robotics development.
Early CareBot prototypes were slower and frequently pivoted in
order to avoid a static or dynamic obstacle; later prototypes
avoided obstacles without pivoting. Current CareBots avoid
obstacles with a graceful bicycle smooth motion. The latest videos
also depict the CareBot's ability to automatically go faster or
slower depending on the amount of clutter (number of obstacles)
within its field of view. This is especially important when
avoiding moving obstacles in loose crowd situations like a mall or
an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous
YouTube videos. The most popular of which are the ones showing
room-to-room automatic self-navigation of the CareBot through
narrow doorways and a hallway of an old 1954 home. You will see the
CareBot slow down when going through the doorways because of their
narrow width and then speed up as it goes across the relatively
open kitchen area. There are also videos of the SafePath(tm)
wheelchair, which is a migration of the CareBot AI centric
navigation system to a standard power wheelchair, and recently
developed cost effective depth cameras were used in this recent
configuration. SafePath navigation is now available to OEM
licensees and these videos show the versatility of GeckoSystems'
fully autonomous navigation solution.
GeckoSystems, Star Wars
Technology
The company has successfully completed an Alpha trial of its
CareBot personal assistance robot for the elderly. It was tested in
a home care setting and received enthusiastic support from both
caregivers and care receivers. The company believes that the
CareBot will increase the safety and well being of its elderly
charges while decreasing stress on the caregiver and the
family.
CareBot has incorporated Microsoft Kinect depth cameras that
result in a significant cost reduction.
Kinect Enabled Personal Robot
video
Above, the CareBot demonstrates static and dynamic obstacle
avoidance as it backs in and out of a narrow and cluttered alley.
There is no joystick control or programmed path; movements are
smoother that those achieved using a joystick control. GeckoNav
creates three low levels of obstacle avoidance: reactive,
proactive, and contemplative. Subsumptive AI behavior within
GeckoNav enables the CareBot to reach its target destination after
engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC)
markets under the ticker symbol
GOSY. http://www.otcmarkets.com/stock/GOSY/quote
GeckoSystems uses LinkedIn and Twitter as its primary social
media site for investor updates.
Spencer's LinkedIn.com profile
Spencer tweets as @GrandpaRobot
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Safe Harbor:
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The Company intends that such statements about the Company's future
expectations, including future revenues and earnings, technology
efficacy and all other forward-looking statements be subject to the
Safe Harbors created thereby. The Company is a development stage
firm that continues to be dependent upon outside capital to sustain
its existence. Since these statements (future operational results
and sales) involve risks and uncertainties and are subject to
change at any time, the Company's actual results may differ
materially from expected results.
Source: GeckoSystems Intl. Corp.
Keywords:
UAV's, AGV's, driverless cars, self driving cars, personal
assistance robots, autonomous robots, fully autonomous robots,
assistive robots, social robots, co-robots, mobile service
robots
