CONYERS, Ga., May 16, 2013 /PRNewswire/ -- GeckoSystems
Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) has
announced that final negotiations for licensing of their "Mobile
Robot Solutions for Safety, Security and Service(tm)" are
ongoing. This first joint venture and licensing agreement has
been long sought by the management of GeckoSystems as irrefutable
proof of the benefit and "value proposition" of their many years of
R&D, testing, and marketing.
This party understands the breadth of the Mobile Service Robots
(MSR's) market and is motivated to establish itself as the dominant
regional developer, manufacturer, and marketer. In addition, the
prospective licensee has expressed intent to develop and market
GeckoSystems' numerous product concepts such as the ChairBot(tm),
SecurityBot(tm), GeckoNED(tm), and GeckoSuperSentinel(tm).
http://www.geckosystems.com/high_level/
"Over the last several years, we have entered into dozens of
non-disclosure agreements and many Memorandums Of Understanding
(MOU's), all in good faith, but for various reasons we have been
unable to finalize a licensing agreement and initiate the
technology transfers to enable production. Due to the
sincerity of this party's interest and the depth of their business
acumen, I am the most confident I have ever been that we will soon
be announcing a 'done deal' and realizing our first licensing
revenues before the end of our fiscal year," reflected Martin Spencer, President/CEO, GeckoSystems
Intl. Corp.
GeckoSystems' AI mobile robot solutions are unique in that they
are portable and extensible, enabling ready migration and usage to
a large number of MSR applications and marketplaces. Using
GeckoSystems' proprietary technology, licensees are able to develop
new products quickly and with reduced R&D cost, giving them a
competitive edge that is "fast to market" when entering new
markets. In addition, GeckoSystems' robust hardware and
software architecture makes applications based on their technology
"obsolescence proof" because new technology and/or cost reduction
can be integrated on a modular basis as it develops.
"While we remain focused on our Pacific Rim business development activities,
we now have new, ongoing discussions in several EU and
Mediterranean countries. These discussions are primarily in
the areas of commercial security and professional healthcare. We
generally get favorable reactions and heightened interest due to
our willingness to share risk in the proposed joint ventures,"
commented Spencer.
In 2010 the AI navigation software developed for and used on the
CareBot(tm) was migrated and with limited, additional R&D; the
company was able to create the SafePath(tm) "collision free"
power wheelchair upgrade. This migration proved the
extensible and portable nature of GeckoSystems' AI mobile robot
architecture and its ability to accelerate development of
additional MSR applications. This is why GeckoSystems is gaining
worldwide recognition in the robotics field. Research and
Markets recently identified GeckoSystems as one of eight "key
market players" along side Honda, iRobot, Sony, Toyota, and others.
The company is delighted to receive this global recognition.
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
GeckoSystems' Japanese associate, ZMP has graciously hosted
several demonstrations of the company's technologies in their
office in Tokyo using the BaseBot
that was shipped to them a year ago. The BaseBot
demonstrates SafePath, the world's first and only AI navigation
system capable of "sense and avoid" of not only stationary
obstacles, but also dynamic obstacles, while seeking the user's
desired destination.
ZMP's evaluation of the BaseBot was very favorable. ZMP of
Japan, a long established vendor
of robotic research platforms, has confirmed that the navigation
system used in the BaseBot (and hence CareBot, etc.) is
"sophisticated" and "fully developed."
http://www.geckosystems.com/investors/press_releases/20120927_ZMP_Evaluates_BaseBot.php
http://www.zmp.co.jp/html/press_20120924.htm
http://www.geckosystems.com/partners/about_zmp.php
Due to these recent demonstrations, GeckoSystems is in ongoing
discussions concerning joint ventures and/or licensing of their
proprietary technologies to develop products in the security and
healthcare sectors in China,
Japan, Taiwan, and the EU and one Mediterranean
country. There are world wide demographic changes that are
expanding opportunities in the health care market globally, but in
the Pacific Rim, EU and
Mediterranean, the need is urgent and GeckoSystems complete suite
of mobile robot solutions offers a distinct competitive advantage
because of being "fast to market" and having a compelling "value
proposition."
In March of 2015 the Japanese national health care plan will
begin to cover robotic personal assistance applications at a rate
of 90%. Because of the demographic issues outlined in the
report below, a CareBot type personal robot designed to help people
live independently in their own home as long as possible will be in
high demand. GeckoSystems believes that no economically
viable solution can be developed for this market by that
March 2015 date without using their
technology.
http://www.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20130429-419069/2.html
http://www.geckosystems.com/downloads/SafePath_Need_and_Benefits.pdf
http://www.geckosystems.com/investors/GeckoSystems-Family_and_Health_Care_Markets.pdf
"We expect these seminal, final JV negotiations to be favorably
consummated at any time. I remain personally grateful for our 1300+
stockholders' loyal support and look forward to their being
rewarded with a satisfying ROI," concluded Spencer.
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.
GeckoSystems is preparing for Beta testing of the CareBot prior
to full-scale production and marketing. CareBot has
recently incorporated Microsoft Kinect depth cameras that 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.
http://www.otcmarkets.com/stock/GOSY/quote
Here is a stock message board devoted to GOSY recommended by
us:
http://investorshangout.com/board/62282/Geckosystems+Intl+Co-GOSY
GeckoSystems uses http://www.LinkedIn.com as its primary social
media site for investor updates. Here is Spencer's LinkedIn.com
profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
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.
