Investors: Press Release
GeckoSystems Responds to Heightened Japanese Interest in Mobile Robots
CONYERS, GA, -- February 24, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that they have been solicited by a representative of the Japan External Trade Organization (JETRO) as to GeckoSystems' interest in partnering with Japanese firms. 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."
Due to this solicitation from JETRO, GeckoSystems' management requested that their U.S. based Japanese representative prepare a formal presentation as to GeckoSystems' business model and suite of mobile robot technologies appropriate for the Japanese marketplace. JETRO provides services including business development support, networking events, extensive market intelligence and access to bilingual Japanese businesses. GeckoSystems' in depth business and technology discussion was presented to JETRO on February 23 at their office in San Francisco.
"Our recently announced 'Mobile Robots in Motion' conference and on going world's first in home elder care robot trials have garnered many inquiries for us regarding our business model, technologies available for licensing, and interest in joint domestic and international ventures. We continue to expect technology licensing revenues to precede revenues from product manufacturing and sales. This augurs well for increased ROI and shareholder value for our investors," observed 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, just south of Conyers, Ga. Attendees, perhaps some from JETRO, will witness not only their flagship product, but also their proprietary automatic self-navigation software, GeckoNav, and the reality that they have a complete multitasking personal companion robot, the CareBot, with verbal interaction and 'command and control' capabilities arising from GeckoChat, verbal reminders from GeckoChat and GeckoScheduler 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.
While GeckoSystems has been in the Development Stage, the Company has accumulated R&D expenses to date in excess of six million dollars ($6,000,000). In contrast, the Japanese government has spent one hundred million dollars ($100,000,000) in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the same time period to develop personal robots for their own eldercare crisis, yet no marketable products for their significant Japanese market have been developed by them.
"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 an optional third-party 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.
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.
The Japan External Trade Organization (JETRO) is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential.
"Medical Equipment: How U.S. Companies Are Positioned to Get Ahead of Two Upcoming Shifts in Japan" http://www.jetro.org/content/515