GeckoSystems International Corp. (OTC Pink: GOSY)
(http://www.geckosystems.com/) is pleased to announce that the
company has recently concluded a comprehensive and substantive
licensing agreement with Daya International Ventures and
Foundations, Israel. For over fifteen years GeckoSystems has
dedicated itself to development of "Mobile Robot Solutions for
Safety, Security and Service™."
Last month, GeckoSystems secured revenues of $750,000 from this
licensing agreement, realized as a result of this now finalized
contract. The company is also negotiating other international
licensing agreements that will produce additional revenue streams,
as stated in the press release of May 8, 2013.
http://tinyurl.com/mpvw585
Mr. Roy Daya, Chairman of Daya International and Foundations,
has extensive experience in entrepreneurship and establishing
profitable technological ventures. Mr. Daya and his management team
have systematically researched all aspects of operations from the
technology and development strategy to deployment, professional
services, support, business development, marketing and sales. They
chose GeckoSystems technologies because of their extensibility,
portability, and the overall robustness of their suite of mobile
robot solutions. GeckoSystems' technology uses a high percentage of
low cost, Commercial Off The Shelf (COTS) components that will
allow Daya to enter the market rapidly and at a very competitive
price level.
"After seven months of market research and analysis, Daya
International has identified areas where Mobile Service Robots
(MSR's) can be both practical and cost effective in today's
business environment. We believe that robots are more than just the
promise of a brighter future; they are a practical solution for
problems in the real world that need to be addressed now.
"It became clear to us that in order to be able to enter this
market we needed not only cutting edge technologies, but also years
of experience in robotic development. We believe we've found a true
partner in GeckoSystems and its founder and CEO, Martin Spencer.
GeckoSystems technology has evolved through fifteen years of hands
on design experience in the real world. We feel that GeckoSystems
has an extensible set of technologies that will enable us to
develop state-of-the-art mobile service robot solutions with a
relatively short development phase. Working with GeckoSystems will
allow us to focus on functionality and the unmet needs in the
market.
"We were pleased to discover the depth of GeckoSystems'
experience and the maturity of their software development. We found
their MSR solutions to be significantly more complete and more
stable than any other technology available on the market today.
Daya International and GeckoSystems have created Daya Robotics as a
joint venture to bring practical and cost effective MSRs to the
Israeli market in the near term -- not someday, somehow. MSR
technology is needed in a wide range of products, they offer
significant cost savings and improve the quality and reliability of
many service industries whose needs are not being met by a robotics
industry that currently focuses on industry and defense. We have
selected the hospital and medical market as our first development
project because of its high potential for cost savings and quick
ROI. As Daya Robotics grows, we will expand to additional sectors
and international markets," commented Mr. Daya.
Mr. Daya is on the Advisory Board of Partners 500, a company
that was founded by experienced industry leaders who view global
partnerships and insight as an essential factor of entrepreneurial
success. Based on this premise, Partners500 established a premiere
network of partnerships and relationships with global corporations
and executives to cooperatively align their core competencies with
the global market. As a member of Partners 500 Advisory Board, Mr.
Daya will be able to move Daya Robotics into many international
marketplaces, which is significant for GeckoSystems.
"While Mr. Daya and his staff developed their Daya Robotics
website and the technology transfer was finalized, we respected
their prudent decision not to be named in our initial press
releases. We are pleased with the fact that this first licensing
agreement will not only feature SafePath™ navigation, but it will
showcase other GeckoSystems high level AI software systems. We will
be able to demonstrate to the investment community -- and other
prospective partners -- that these systems are as extensible and
portable as our AI centric navigation system. We are very gratified
to have a demonstrably successful serial entrepreneur of Mr. Daya's
caliber and business acumen partnering with us in the Israeli
marketplace. Mr. Daya's focus on healthcare is congruent with our
long time focus on the need for cost effective, robot assisted,
family care," stated Martin Spencer, President/CEO, GeckoSystems
Int'l Corp.
This initial $750,000 transaction significantly impacts
GeckoSystems' fiscal status. As corporate guidance, the company's
income statement now reflects more than $500,000 in profit before
taxes for the fiscal year ending June 30, 2013. Due to the
company's tax loss carry forwards, no state or federal taxes are
due. Gross margin for the year as a percentage of gross revenues is
over 70%. Return on stockholder equity exceeds 40%. The company
forecasts over $5,000,000 in additional licensing revenues over the
5-year duration of this contract.
"Mr. Daya shares our vision that the entire mobile service robot
industry will soon be very significant part of our economy. I am
delighted to have consummated this defacto JV with Daya
International and I believe our 1300+ loyal stockholders will soon
be very pleased with the return on their investment," concluded
Spencer.
About Daya Robotics:
For more information about Daya Robotics visit their website at:
http://DayaRobotics.DayaInt.com or email them at:
DayaRobotics@DayaInt.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 mobile service robot 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™
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
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
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.
GeckoSystems Intl. Corp. Telephone: Main number: +1 678-413-9236
Fax: +1 678-413-9247 Website: http://www.geckosystems.com/
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