CONYERS, GA -- April 28, 2016 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink
Sheets: GOSY | http://www.geckosystems.com/)
announced today that the company is partnering with IC Corp. Ltd.
(ICCL), in their submission to the Japanese government for a
$1,000,000 grant to adapt GeckoSystems' AI mobile robot solutions
to the Japanese market place. 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
one of our Japanese representatives, Mr. Fujii Katsuji, we have
again achieved demonstrable progress securing viable joint ventures
in Japan. This latest, one of several joint ventures being
entertained, is particularly significant due to the breadth and
depth of the robotics expertise of ICCL (http://www.ic-corp.jp/) and their insistence we meet
them as soon as is prudent in Japan to sign the JV agreement,"
commented Martin Spencer, CEO, GeckoSystems Intl. Corp.
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 recent article
further underscores Japan's commitment to eldercare capable,
'welfare' robots: "Japan govt to urge nursing care robot
development" http://tinyurl.com/oehxdba
"We are very much looking forward to meet with Mr. Spencer and
discuss the large Japanese market for 'welfare robots,'" stated Mr.
Takashi Nabeta, CEO, ICCL.
GeckoSystems has already done primary market research, focus
group market research, and the most extensive in home personal
robot trials in the world.
Due to GeckoSystems' world's first in home personal mobile robot
trials that have been conducted and documented, management is
confident they have the "right stuff" to be very synergistic with
ICCL, as does ICCL, in readily satisfying the Japanese government's
requirements for an eldercare capable mobile robot R&D
grant.
GeckoSystems' world's first in home trials began in 2009:
In Home Elder Care Robot Trials
Begin
Elder Care Robot Trials
Begun
GeckoSystems' Elder Care Robot
Trials, Week One
Grandma Reacts to GeckoSystems'
Elder Care Robot Trials
Grandma Interacts During
GeckoSystems' Elder Care Robot Trials
Robot Safety Applauded During
GeckoSystems' Elder Care Robot Trials
GeckoSystems' Elder Care Robot
Trials Reveal Grandma's Hearing Loss
Continued into 2010:
GeckoSystems' Elder Care Robot
Trials Resume After Holiday Break
GeckoSystems' Elder Care Robot
Trials Revealing Unexpected Family Benefits
GeckoSystems Employs Sensor Fusion
in Elder Care Robot Trials
GeckoSystems Discusses Expansion and
Duration of Elder Care Robot Trials
GeckoSystems' Develops New
GeckoScheduler(tm) for Elder Care Robot Trials
GeckoSystems' Representative
Comments on Japanese Interest in Elder Care Robot Trials
GeckoSystems' Elder Care Robot
Trials Result in More Japanese Interest
GeckoSystems Improves Elder Care
Robot Trials
GeckoSystems Advances Technologies
Due to Elder Care Robot Trials
GeckoSystems Improves AI Savant
Management Due to Elder Care Robot Trials
GeckoSystems Cost Reduces Sensor
Fusion GeckoSPIO(tm) Due to Elder Care Robot Trials
GeckoSystems Releases World's First
Elder Care Robot Trial Videos
GeckoSystems' CEO Updates
Stockholders on Progress Due to Elder Care Robot Trials
GeckoSystems Improves CareBot(tm)
Due to Elder Care Robot Trials
GeckoSystems' Elder Care Robot
Trials' Caregiver Praises New GeckoScheduler(tm)
GeckoSystems' Elder Care Robot Trial
Caregiver Shares New Insights
GeckoSystems' Elder Care Robot Trial
Caregiver "Looks in" on Mother While Shopping
GeckoSystems Improves Sensor Fusion
Due to Elder Care Robot Trials
GeckoSystems Advances Artificial
Intelligence Due to Elder Care Robot Trials
GeckoSystems Reduces Sensor Fusion
Costs Due to Elder Care Robot Trials
GeckoSystems' Sensor Fusion
Breakthrough Lowers Personal Robot Costs
The benefit of a companion robot capable of safely running
errands and/or automatically following the care receiver requires
real time sense and avoid of moving and/or unmapped obstacles. This
is a functional necessity for a sufficient value proposition for
ready adoption and sales. This linchpin requirement is why ICCL is
jointly submitting with GeckoSystems.
GeckoSystems developed their SafePath(tm) AI mobile robot navigation technologies
some years ago to address those very important requirements for any
mobile robot to be truly utilitarian (convenient like a home
appliance), while being cost effective, with their breakthrough AI
mobile robot technology, GeckoNav(tm).
Prior to this agreement to form a JV to jointly migrate
GeckoSystems AI mobile robot self-driving solutions to the Japanese
marketplace, ICCL signed an NDA with GeckoSystems that includes
this necessary Safety Clause:
------------------------------------------------------------------------------------------
Both parties understand and agree with the general concerns that
mobile robot solutions may be used to lethally harm persons, other
living things, property, and a country's infrastructure if
terrorists, criminals, or other private or public enemies of peace,
security, and tranquility were to secure access to and/or use of
them. Therefore both parties completely agree that MSR safety is of
the greatest importance in the utilization of MSR technologies. All
MSR technologies shared by both parties in any manner will be
treated with the utmost secrecy and respect due to that reality and
potential.
------------------------------------------------------------------------------------------
GeckoSystems has been acknowledged routinely by an
internationally recognized market research firm one or more time in
each of the last five years and being anywhere from the top one in
three to the top one in eight in the world in service robotics.
2015: GeckoSystems Featured as One of Five
Key Vendors in Mobile Robotics Market
2014: GeckoSystems Featured as One of Six
Key Market Players in Mobile Robotics Industry
2013: GeckoSystems, an AI Mobile Robot
Company, Receives 1 of 3 Recognition
2012: GeckoSystems Named One of Eight Key
Market Players in Service Robotics Industry
While GeckoSystems' AI mobile robot solutions have been largely
unnoticed in the US, many ongoing negotiations continue in Japan
and Europe due to the company's AI mobile robot solutions robust
utility and portability to virtually any and all forms of mobile
robots whether air, land, or sea. That includes drones,
self-driving cars, and essentially all mobility systems requiring
complete safety from hitting any obstacles in those situations in
which the reflexes of a highly skilled and experienced jet fighter
pilot could readily evade.
Spencer will be traveling to Japan on May 20th and expects to
return early to mid June in order to have sufficient time to meet
with present JV partners, support ICCL, and meet with potential new
licensees, such as the Japanese trading company earlier mentioned.
Initially this trip was scheduled for March, but due to an
unfortunate accident, their long time Japanese representative was
incapacitated. Concurrently, ICCL secured a three times larger
facility to better support the joint venture, but the relocation of
their office and laboratories also delayed the previously scheduled
March meetings.
"During these unforeseen delays, due to the continued hard work
of two of our Japanese representatives, Mssrs. Fujii Katsuji and
Tsunenori Kato, CEO, Ifoo Company Limited, we have again achieved
demonstrable progress securing viable licensing agreements in
Japan. This latest, one of several being negotiated, is
particularly significant due to the breadth, depth and heritage of
this nearly 100 year old Japanese trading company," stated
Spencer.
Both companies are certain that their advanced mobile service
robot will contribute to Japan's rapidly aging society by helping
seniors live safer and easier and will be recognized by the
Japanese reviewers by their approval of this $1,000,000 grant
submission.
Recently, a premier Japanese government trade organization has
expressed interest in assisting GeckoSystems exporting to the
Japanese market. A near term meeting in Atlanta, Georgia is being
scheduled to learn their probable level of assistance.
"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. This new JV continues to
progress robustly, such that GeckoSystems will enjoy additional
licensing revenues that will enable us to further increase
shareholder value. It is very satisfying to make this announcement
substantiating our continued growth and reassure all our
stockholders, both present and future, that our OTC Markets
reporting status will soon return to Current Information. After
many years of patience by our current 1300+ stockholders, they can
continue to be completely confident that the present management
will update them routinely and to work to maximize their
investments in GeckoSystems, whether by organic growth or being
acquired at a rewarding premium," concluded Spencer.
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
GeckoSystems, 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: GeckoSystem 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 AI 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.
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 AI mobile companion 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.
