Investors: Press Release
GeckoSystems' Applauds $66B Robotics Market Discussion in "Breakthrough Technology Alert" Newsletter
CONYERS, Ga., Feb. 3, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that they are very pleased with the recent stock analyst treatment received in the February issue of the "Breakthrough Technology Alert" newsletter. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service."
"All of us here at GeckoSystems are excited about the noted stock analyst, Mr. Patrick Cox's, recent newsletter article entitled, 'The $66 Billion Robotics Revolution.' Mr. Cox is a long time stock analyst with an illustrious record of many of successful predictions of emerging technologies with significant opportunity for the investor community. We are very pleased and appreciative to receive this kind of recognition for our many years of hard work focused on emerging robotics markets" stated Martin Spencer, President/CEO, GeckoSystems.
Many in the U.S. may mistakenly believe that the Japanese are world leaders in personal robot development. However, this is not the case. In the last ten years, the Japanese government has granted over $100M in R&D funding amongst their leading international manufacturers for the development of eldercare personal companion robots, but still have no viable products developed.
"In the U.S. we project the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal companion robots in 2011 to be $74.0B, in 2012 to be $77B, in 2013 to be $80B, in 2014 to be $83.3B, and in 2015 to be $86.6B. With market penetrations of 0.03% in 2011, 0.06% in 2012, 0.22% in 2013, 0.53% in 2014, and 0.81% in 2015, we will anticipate sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. We expect these sales despite --and perhaps because of-- the present recession due to pent up demand for significant cost reduction in eldercare expenses. Our ongoing, world's first in home elder care robot trials continue to support our long held beliefs that there is great good to be done here, safely and at great time and money savings for potentially hundreds of thousands of families," concluded Spencer.
Like an automobile, mobile robots are made from steel, aluminum, plastic, and electronics, but with ten to twenty times the amount of software running. The CareBot has an aluminum frame, plastic shroud, two independently driven wheels, multiple sensor systems, microprocessors and several onboard computers connected in a local area network (LAN). The microprocessors directly interact with the sensor systems and transmit data to the onboard computers. The onboard computers each run independent, highly specialized cooperative/subsumptive artificial intelligence (AI) software programs, GeckoSavants, which interact to complete tasks in a timely, intelligent and common sense manner. GeckoNav, GeckoChat and GeckoTrak are primary GeckoSavants. GeckoNav is responsible for maneuvering, avoiding dynamic and/or static obstacles, seeking waypoints and patrolling. GeckoChat is responsible for interaction with the care-receiver such as answering questions, assisting with daily routines and reminders, and responding to other verbal commands. GeckoTrak, which is mostly transparent to the user, enables the CareBot to maintain proximity to the care-receiver using sensor fusion. The CareBot is an internet appliance that is accessible for remote video/audio monitoring and telepresence.
Other recent online articles:
"Personal Robots to Monitor Elderly Vital Signs" - June 16, 2009 By C. G. Masi http://cgmasi.com/eyeontechnology/2009/06/personal-robots-to-monitor-elderly-vital-signs.html
"The Robots Have Dawned: Meet The CareBot(tm)" - June 28, 2009 By Ira Rosofsky, Ph.D. http://www.psychologytoday.com/blog/adventures-in-old-age/200906/the-robots-have-dawned-meet-the-carebot
About Patrick Cox:
Patrick Cox has lived deep inside the world of transformative technologies for over 25 years. In the 1980s, he worked in computer software development and manufacturing. By the mid-1990s, he worked as a consultant for Netscape -- the company that handled 90% of all Internet browsing traffic at the time. He’s appeared on "Crossfire" and "Nightline," and his writing has been featured in "USA Today" numerous times. See: http://agorafinancial.com/author/patrickcox/ Mr. Cox publishes his newsletter, "Breakthrough Technology Alert," on Agora Financial's website. See: http://breakthroughtechnologyalert.agorafinancial.com/
About Agora Financial:
Agora Financial has been a leading innovator in the financial advice industry for over 25 years. Not only have their economic forecasts been uncannily accurate, but they have consistently beat the mainstream financial media to the punch.
Readers of their publications were aware of the housing bubble, the credit bubble and excesses underlying the Panic of ‘08 years before they happened -- and in many cases were able to prosper while other investors got blindsided. In the past they’ve shown readers ways to make 129% on crude oil’s rise, 162% by playing gold, 417% betting on the mortgage collapse and even 1,011% on the shipping industry.
Their honest, unconventional, unbiased and independent financial forecasts have been recognized by numerous media sources including "Wall Street Journal," " The Economist," "Reuters, the "Financial Times" and many more. See: http://agorafinancial.com/about/
No party, within, or outside of GeckoSystems has directly, or indirectly compensated Mr. Cox, Agora Financial, or any person or entity associated with him.