CONYERS, GA -- February 8, 2017 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink
Sheets: GOSY | http://www.GeckoSystems.com)
announced today that the linchpin Memorandum of Understanding
(MOU), has been signed to form their first joint venture with a
prominent, EU ice rink developer. For over nineteen years,
GeckoSystems has dedicated itself to development of "AI Mobile
Robot Solutions for Safety, Security and Service(tm)."
"Last month, in response to their unsolicited, but gracious and
complimentary inquiry, we indicated our sincere interest in working
with this ice rink designer/builder/servicer, but if and only if,
they agreed to our required Safety Clause NDA. To that end, they
immediately signed our Safety Clause NDA such that our discussions
became of sufficient substance for us to effectuate our second
agreement, a Memorandum of Understanding (MOU), clearly revealing
that both parties believe significant manufacturing and
distribution synergies appropriate for the commercial ice rink
markets would be garnered by each firm," stated Martin Spencer,
CEO, GeckoSystems Intl. Corp.
This is the Safety Clause that GeckoSystems requires of all
potential joint venture partners prior to any substantive
discussions:
Both parties understand and agree
with the legitimacy of GSIC's concerns that mobile robot solutions
may be used to lethally harm persons, other living things,
property, and a country's infrastructure if terrorists, criminals,
or other private or public enemies of peace, security, and
tranquility were to secure access to and/or use of them. Therefore,
both parties completely and wholeheartedly agree that MSR safety is
of the greatest importance in the utilization of MSR technologies.
In summary, all MSR technologies shared by the undersigned parties
in any manner will be treated with the utmost secrecy and respect
due to that reality and potential.
Artificial intelligence technologies and applications span Big
Data, Predictive Analytics, Statistics, Mobile Robots, Service
Robotics, Drones, Self-driving Cars, Driverless Cars, Driver
Assisted Cars, Internet of Things (IoT), Smart Homes, UGVs, UAVs,
USVs, AGVs, Forward and/or Backward Chaining Expert Systems,
Savants, AI Assistants, Sensor Fusion, Subsumption, etc.
"While many may view this as a niche market, ice rink
resurfacing machines sell for approximately $150,000 each, not
including driver wages, benefits and machine maintenance. Sitting
for hours, the monotony of driving one of these machines back and
forth, crisscrossing the rink to prepare the surface for
professional and/or amateur use, late at night; simply does not
seem to be a particularly desirable -or a living wage- job. In
fact, given our long time experience in enabling personal robots
for home use, this environment seems to be ideal for our suite of
AI mobile service robot solutions. Our human quick sense and avoid
of moving and/or unmapped obstacles developed for home use, is
readily adaptable to highly structured, commercial environments
such as ice rinks, hotels, retail stores, nightclubs, air
terminals, and other public and private venues," reflected
Spencer.
The safety requirement for human quick WCET reflex time
in all forms of mobile robots:
In order to understand the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why
another EU company desires a business relationship with
GeckoSystems, its key 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 race car 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. 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 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 reflex
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 100ms, 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.
Recently, an internationally renowned market research firm,
Research and Markets, again named GeckoSystems as one of the key
market players in the AI service robotics industry.
GeckoSystems has been recognized by Research and Markets for
several years now and it is the most comprehensive report of the
global service robotics industry to my knowledge. I am pleased that
their experienced market researchers are sufficiently astute to
accept that small service robot firms, such as GeckoSystems, can
nonetheless develop advanced technologies and products as well, or
better, as much larger, multi-billion dollar corporations such as
AB Electrolux, etc.
"It is an honor that they recognize the value of the over 100
man-years we have invested in our proprietary AI robotics
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 any other company on that list and provide them with
high-level autonomy for collision free navigation at the lowest
possible cost to manufacture.
"This newest MOU, with an ice rink specialist, portends well for
us and our shareholders. We are definitively on path to consummate
another EU joint venture licensing agreement. It comes as no
surprise, that a long established commercial ice rink company
understands the market potential of our suite of AI mobile robot
solutions due to the significant ROI that enables full payback much
quicker than with human drivers.
"We continue to have numerous ongoing joint venture and/or
licensing discussions, not only in the US, but also in the EU, as
revealed in this press release. I am also pleased that as the
Service Robotics industry begins to offer real products to eager
markets our capabilities are being recognized. One final note, we
remain completely committed to providing our 1300+ shareholders the
ROI they deserve. This singular JV opportunity, in a new
marketplace for us, could garner the company significant revenues
in the near term. Our investors can continue to be confident that
we expect to be signing numerous multi-million-dollar licensing
agreements to further substantiate and delineate the reality that
GeckoSystems will earn additional licensing revenues to further
increase shareholder value," concluded Spencer.
About Research and Markets:
Research and Markets is the leading source for international
market research and market data. They hold 000s 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 nineteen years. It is CEO Martin Spencer's dream to make
people's lives better through AI robotic technologies.
In order for any companion robot to be utilitarian for family
care, it must be a "three-legged milk stool."
(1) Human quick reflex time to avoid
moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction (GeckoChat(tm):
http://tinyurl.com/nnupuw7) with a sense of date and
time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and
follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal
interaction can occur routinely with video and audio monitoring of
the care receiver is uninterrupted.
An earlier third party verification of GeckoSystems AI centric,
human quick sense and avoidance of moving and/or unmapped obstacles
by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN
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
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/
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.