GeckoSystems, an Artificial
Intelligence Mobile Robot Co., Updates Website
CONYERS, GA -- March 4, 2016 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink Sheets:
GOSY | http://www.geckosystems.com/) announced today
that their website now has all investor updates readily available.
For over eighteen years GeckoSystems has dedicated itself to
development of "AI Mobile Robot Solutions for Safety, Security and
Service(tm)."
The 'Timeline' portion of our website ( http://www.geckosystems.com/timeline/) depicts in over
700 pictures and 120+ videos our R&D journey. This timeline
reveals the value of over 100 man-years we have invested in our
proprietary Intellectual Properties and my full time work for
nearly 20 years now. Our suite of AI mobile robot solutions is well
tested, portable, and extensible. It is a reality that we could
partner with many other companies and provide them with high-level
autonomy for collision free navigation at the lowest possible cost
to manufacture. There is also an opportunity for other cost
reductions and enhancement of functionality with other components
of our AI solutions," stated Martin Spencer, CEO, GeckoSystems
International Corporation.
Those organizations and firms that do not have videos portraying
that their robotic vehicles (drones, driverless cars, self driving
cars, etc.) abilities to timely sense and avoid moving obstacles,
simply cannot do so, as GeckoSystems can: http://t.co/NqqM22TbKN
In the US, GeckoSystems projects the available market size in
dollars for cost effective, utilitarian, multitasking eldercare
social mobile robots in 2017 to be $74.0B, in 2018 to be $77B, in
2019 to be $80B, in 2020 to be $83.3B, and in 2021 to be $86.6B.
With market penetrations of 0.03% in 2017, 0.06% in 2018, 0.22% in
2019, 0.53% in 2020, and 0.81% in 2021, we anticipate CareBot
social robot sales from the consumer market alone at levels 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.
A discussion of the pressing need for the CareBot can be found
here:
http://www.geckosystems.com/investors/GeckoSystems-Family_and_Health_Care_Markets.pdf
Demos of both the CareBot and the SafePath Wheelchair can be
found here:
http://www.geckosystems.com/markets/personal_assistance.php
The company began the world's first in home personal robot
trials for eldercare with their CareBot in 2009. Below are links
that show the progress of those trials:
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
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
GeckoSystems has also done primary market research, focus group
market research, and the most extensive in home personal robot
trials in the world.
The company 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 linchpin AI mobile robot technology, GeckoNav(tm).
GeckoSystems is also looking for U.S. and international partners
in the Durable Medical Equipment (DME) market to create a
commercial medical telepresence robot and market the SafePath(tm)
wheelchair. The need for a better, safer, market expanding power
wheelchair is discussed here:
http://www.geckosystems.com/investors/GeckoSystems-Family_and_Health_Care_Markets.pdf
In order to understand the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why this
major defense contractor desires a proposal from GeckoSystems, its
important to acknowledge some basic realities for all forms of
automatic, non-human intervention, vehicular locomotion and
steering.
1. Laws of Physics such as Conservation of Energy, inertia, and
momentum, limit a vehicles ability to stop or maneuver. If, for
instance, a cars braking system design cannot generate enough
friction for a given road surface to stop the car in 100 feet after
brake application, thats a real limitation. If a car cannot corner
at more than .9g due to a combination of suspension design and road
conditions, that, also, is reality. Regardless how talented a
NASCAR driver may be, if his racecar is inadequate, hes not going
to win races.
2. At the same time, if a car driver (or pilot) is tired,
drugged, distracted, etc. their reflex time becomes too slow to
react in a timely fashion to unexpected direction changes of moving
obstacles, or the sudden appearance of fixed obstacles. Many car
accidents result from drunk driving due to reflex time and/or
judgment impairment. Average reflex time takes between 150 &
300ms in a sober state. http://tinyurl.com/nsrx75n
3. In robotic systems, "human reflex time" is known as Worst
Case Execution Time (WCET). Historically, in computer systems
engineering, WCET of a computational task is the maximum length of
time the task could take to execute on a specific hardware
platform. In big data, this is the time to load up the data to be
processed, processed, and then outputted into a useful
distillations, summaries, or common sense insights. GeckoSystems'
basic AI self-guidance navigation system processes 147 megabytes of
data per second using low cost, Commercial Off The Shelf (COTS)
Single Board Computers (SBC's).
4. Highly trained and skilled jet fighter pilots have a reaction
time (WCET) of less than 120ms. Their "eye to hand" coordination
time is a fundamental criterion for them to be successful jet
fighter pilots. The same holds true for all high performance forms
of transportation that are sufficiently pushing the limits of the
Laws of Physics to require the quickest possible reaction time for
safe human control and/or usage.
5. GeckoSystems' WCET is less than 120ms, or as quick, or
quicker than most gifted jet fighter pilots, NASCAR race car
drivers, etc. while using low cost COTS and SBC's
6. In mobile robotic guidance systems, WCET has 3 fundamental
components.
a. Sufficient Field Of View (FOV) with
appropriate granularity, accuracy, and update rate.
b. Rapid processing of that contextual
data such that common sense responses are generated.
c. Timely physical execution of those
common sense responses.
All mobile robotic vehicles are therefore unsafe for human usage
unless the AI "driver" is jet fighter pilot reflex quick and not
"drugged, distracted, or lacking good enough vision" to be allowed
to drive in public, people congested areas.
Due to the quickness of GeckoSystems' WCET, nearly all forms of
all vehicles can achieve the ability to real time sense and avoid
of moving, and/or unforeseen (unmapped) obstacles. As a result of
GeckoSystems worldwide preeminence in this essential WCET
parameter, for several years running now, GeckoSystems has been
identified many times as one of the top five to top ten mobile
service robot companies in the world.
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
"As one can see here, we believe very much in transparency to
substantiate not only our many years achieving numerous artificial
intelligence robotics breakthroughs, but that we have always been
focused, first and foremost, on family enrichment from a real world
perspective. Our 1300+ investors should continue to expect that we
strive on a daily basis to increase shareholder value for them,"
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
GeckoSystem, 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 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 navigation is now available to OEM
licensees and these videos show the versatility of GeckoSystems'
fully autonomous navigation solution.
GeckoSystems, Star Wars
Technology
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 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
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.