CONYERS, Ga., Feb. 15, 2013 /PRNewswire/ -- GeckoSystems Intl.
Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) would like
to update our investor community as to the activities we have been
engaged in during the past year and anticipate this year. For over
fifteen years GeckoSystems has dedicated itself to development of
"Mobile Robot Solutions for Safety, Security and Service(tm)."
Marketing – a priority in 2012 and 2013
Last year, 2012, was a very busy year for GeckoSystems and we
are excited about this new year! The improved confidence in the US
economy along with our ability to successfully demonstrate our
proprietary software on the CareBot™ and the SafePath™ wheelchair
has increased the level of inquiries and joint venture
discussions.
We are most excited about our continued activities in
Japan. We have opened a small marketing office in that
country with a representative working on joint ventures for
GeckoSystems. He has arranged for a demonstration of our BaseBot™,
"Lou," at ZMP for a Japanese manufacturing company. This
demonstration is scheduled to take place next week.
Additionally, we have retained Mountain Marketing, Inc. in
Denver, CO to assist in our U.S.
marketing efforts. They update our website routinely and are
working on a new site with better navigation and access to our
technical discussions. We hope to engage the disabled community and
provide additional dealer and manufacturer information on the
site. GeckoSystems welcomes OEM inquires about migrating
SafePath navigation to existing vehicles and mobile products.
Mountain Marketing is also doing business-to-business marketing
of SafePath Enabled™ power wheelchair
technology. GeckoSystems believes that SafePath technology
will expand the market for power wheelchairs 50% to 200% and is in
discussions with domestic wheelchair manufacturers as the result of
Mountain Marketing's efforts.
"I'm passionate about getting SafePath Enabled power wheelchairs
on the market. Every day lost is a day of enhanced safety and
mobility denied to tens of thousands of disabled in the U.S.
alone," commented Paula Nelson,
President, Mountain Marketing, Inc.
A discussion of the need for SafePath Enabled power wheelchairs
and illustrations of what the final product will look like can be
found in this report:
http://www.geckosystems.com/downloads/SafePath_Need_and_Benefits.pdf
Demonstration videos of the first migration of SafePath
navigation to a power wheelchair can be viewed here:
http://www.geckosystems.com/markets/wheelchair.php
Technology Developments in 2012
Technology development progressed nicely this past year.
GeckoConfigEd™ and GeckoVerify™ were
developed as a result of what was learned in migrating
GeckoNav™, GeckoSuper™,
GeckoImager™, and GeckoMotorController™
to a locomotion system (a power wheelchair) not of the Company's
design. GeckoVerify™ was developed to ease and
facilitate the debugging of communications between multiple
proprietary GeckoSystems AI software savants. GeckoConfigEd is a
user-friendly program that is used to readily configure the nearly
one hundred tuning parameters used by GeckoNav, the basic component
of SafePath.
GeckoSystems' Current Share Structure
The company regrets that our OTC classification has been
downgraded to "Stop" sign. While this gives the indication we
are not active in our business activities to support all
shareholders that is far from the reality. Since our focus has been
on securing joint ventures and marketing, we simply have not had
the time or financial means to update our Company filings and
information on OTC.
However, we want to inform all shareholders of our current share
structure since it was last reported June
30, 2012.
As of February 15, 2013:
http://www.geckosystems.com/investors/Investor_Information_Feb_15.php
Litigation
In November we secured a Temporary Protective Order in
Georgia against Neil Wallace. To date we have not been able to
convert that TPO to a Permanent Protection Order, due to inter
state personal jurisdiction requirements, not the validity of the
need for the PPO. We continue to work on that matter and will keep
the shareholders updated. In addition, we are still engaged
in litigation with Mr. Wallace and his parents in Delaware. GeckoSystems has a very competent DE
attorney who is working diligently regarding these legal
issues.
"To all our stakeholders, I am personally very appreciative of
your long time support. We have worked over 15 years in developing
our "mobile robot solutions for safety, security, and
service™" and we continue to believe that our "family
first" orientation has enabled us to survive the economic storms of
the last few years. We resolutely continue our journey due to our
desire to enable families to have a safer, less time stressed, and
more cost effective means of caring for their loved ones. Our suite
of AI robot technologies is very real, cost effective, and can be
used to SafePath Enable mobile platforms not of our design or
manufacture. We have several ongoing joint venture discussions
consisting of one in Europe, four
in the US, and two in Japan. Of
course these discussions are sensitive and all parties are under
non-disclosure agreements. Our prospects for near term revenues
have never been brighter than what they are at present. So
while I sincerely regret that we are not Current Information in our
filings, we believe our limited resources are better focused on
achieving revenues such that our 1300+ stockholder may enjoy the
ROI they deserve," stated Martin
Spencer, President, GeckoSystems Intl. Corp.
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.
In a recent Research and Markets report:
"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 ageing 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."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
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.
An overview of GeckoSystems' progress and accomplishments
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(tm) 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 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 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/
Source: GeckoSystems Intl. Corp.
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.