Investors: Press Release
GeckoSystems to Discuss How Their Mobile Robot Solutions Lower Healthcare Costs at Conference
CONYERS, GA, -- February 23, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that the seven days a week, twenty-four hours a day usage dramatically reduces the time for financial payback for its mobile robot solutions such as the CareBot. 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."
"Since we began our world's first in home evaluation trials for eldercare capable personal robots late last fall, we have received many inquiries as to 'how are they going?' Very well and better than expected in some significant ways, so all of us here at GeckoSystems are excited about this upcoming "Mobile Robots in Motion" stakeholder conference to publicly demonstrate our state of the art mobile robots, their technologies and our first product, a personal companion robot, the CareBot," commented Martin Spencer, President/CEO, GeckoSystems.
This "Mobile Robots in Motion" conference will be held at GeckoSystems' new 4,000 square feet R&D and manufacturing facility in the Honey Creek area of Rockdale County, just south of Conyers, Ga. Attendees will witness not only their flagship product, but also the proprietary automatic self-navigation software, GeckoNav, and the reality that they have a complete multitasking personal companion robot, the CareBot(tm), with verbal interaction and 'command and control' capabilities arising from GeckoChat, and the ability to routinely follow a designated family member with GeckoTrak. This personal companion robot, the CareBot, has been in limited evaluation trials for over two months now.
Home environments' cost benefit analysis is complex and hence difficult to quantify, so perhaps doing the breakeven analysis for a nursing home or assisted care facility would be insightful. Let's assume, for the sake of this illustration, that the CareBot only checks blood pressure and heart rate for the designated care receivers for 7 days a week, 16 hours per day, or 448 hours per month, automatically with only intermittent direct human management.
A fully burdened cost of ten dollars ($10.00) an hour would be slightly over thirty-eight percent (38%) minimum wage pay. This infers a total minimum cost for a cost benefit of $4,480.00 per month for 448 hours of utility. So if the CareBotPro, a larger and more robust version of the CareBot, sold for as much as $42,500, the "payback" could be as quick as ten months. Electricity for recharging would be a few dollars a month and maintenance needs would be only three to four hours per month for the first two to three years depending on how much physical distance the mobile robot has traveled.
"The foregoing cost/benefit analysis is why we believe that the incorporation of an onboard blood pressure/pulse rate monitoring system and other home medical devices for our CareBots will further enhance their cost effective, utilitarian capabilities," stated Spencer.
"Our CareBot's ability to verbally remind a designated care receiver at predetermined dates and times that their blood pressure/pulse rate needs to be checked by this onboard, integrated robotic sensor system will enable a higher level of safety, security and cost savings for those at home, nursing homes, assisted care facilities, hospitals, etc. Since our CareBots can also run unattended errands and/or automatically follow a designated care receiver, the cost savings to the care giver person or organization should be much greater for enhanced value to our customers and increased ROI for our investors," opined Spencer.
The CareBot is a multitasking personal robot incorporating advanced, proprietary AI software engines such as GeckoNav, GeckoChat, GeckoTrak, and GeckoScheduler. These disparate AI engines work in parallel and/or serially continuously. Given the CareBot's WiFi network connectivity and easy Internet and LAN accessibility, reporting of various healthcare criteria outside of normal, can be quickly sent by telephone, instant or text messaging, and/or email.
"One of the many reasons we had our conference last fall, and perhaps several for this year, is that 'the proof of the pudding is in the eating.' In other words, very few people have ever seen a personal companion robot in action and consequently do not understand how difficult our many inventions are to achieve. However, live demonstrations give our suite of enabling, proprietary technologies credence and value. We have several large markets before us due to our 'first mover' advantage in them. We are hopeful that some of the firms with which we are having licensing discussions regarding usage of some our technologies will also be in attendance," concluded Spencer.
Journalists are encouraged to contact Mr. Spencer regarding the progress of GeckoSystems' in home evaluation trials and potential attendance at their upcoming invitation only "Mobile Robots in Motion" conference. Journalists and other interested parties may submit their request for an invitation at their website or call 678-413-9236.