CONYERS, Ga., Oct. 11, 2012 /PRNewswire/ -- GeckoSystems Intl.
Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced
today that an internationally renowned market research firm,
Research and Markets, recently deemed GeckoSystems to be one of
eight key market players in the service robotics industry. For
fifteen years GeckoSystems has dedicated itself to development of
Mobile Robot Solutions for Safety, Security and
Service™.
Research and Markets stated in their report, "Personal
& Professional Service Robotics Market - Global Forecast &
Assessment by Applications & Geography (2012 - 2017),"
that:
"The key market players in service robotics industry are Honda
Motors (Japan), iRobot (U.S.), AB
Electrolux (Sweden), Sony
(Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot
(South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at
Research and Markets are sufficiently astute to accept that small
service robot firms, such as GeckoSystems, can nonetheless develop
advanced technologies and products as well as much larger,
multi-billion dollar corporations such as Honda, iRobot, Sony,
Toyota, etc.," reflected Martin
Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth
$18.39 billion. This market is valued
at $20.73 billion in 2012 and
expected to reach $46.18 billion by
2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is
driven by factors like aging population, value enhancement by
robots, increasing grants and funds by governments, increasing
venture capital investments in service robotics companies,
enhancements in complementary technologies and integration of
robotics with mobile technologies, other smart products, and
appliances."
GeckoSystems projects the available market size in dollars for
cost effective, utilitarian, multitasking eldercare personal robots
in 2013 to be $74.0B, in 2014 to be
$77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03%
in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in
2017, we anticipate CareBot sales, from this consumer market
segment, only, of $22.0M,
$44.0M, $176M, $440.2M, and
$704.3M, respectively. The company is
presently securing funding for manufacturing, marketing and final
beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car
garage over fifteen years ago, we have demonstrated publicly for
companies such as JCPenney, Honeywell, Dell, Ketchum-Crescent,
Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied
Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of
children in schools and to elderly in their homes and nursing
homes. CareBot prototypes have been publicly demonstrated at the
Robotics Institute of America (RIA), RoboBusiness trade shows, and
numerous local computer shows.
"We believe that critical mass has now been achieved in the
service robotics industry. Modern computer and optic
technology has brought cost reductions that enable us to introduce
advanced Mobile Service Robots to the retail market for use in
elder care, security, and of course our SafePath™
wheelchair which is in the final stages of pre-production
engineering," observed Spencer. "In light of increased
government support for robotic health care assistance in the EU,
Japan, China, and other countries around the globe,
we feel that our market scope estimates are extremely
conservative."
About Research and Markets:
Research and Markets is the leading source for international
market research and market data. They hold '000's of major research
publications from most of the leading publishers, consultants and
analysts. They provide their clients with the latest data on
international and regional markets, key industries, the top
companies, new products and the latest trends.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies
for fifteen 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(tm) navigation is now
available to OEM licensees and these videos show the versatility of
GeckoSystems' fully autonomous navigation solution.
GeckoSystems, Star Wars™ Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
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.
Gecko Systems is preparing for Beta testing of the CareBot prior
to full-scale production and marketing. CareBot has recently
incorporated Microsoft Kinect depth cameras that will result in a
significant cost reduction.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
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. GeckoSystems is
"Current Information."
http://www.otcmarkets.com/stock/GOSY/quote
Here is a "basher free" message board devoted to GOSY:
http://investorshangout.com/board/62282/Geckosystems+Intl+Co-GOSY
Here is Spencer's LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: 1-866-CAREBOT (227-3268)
International: +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.
