Investors: Press Release
GeckoSystems' Representative Reports on Japanese Interest in Mobile Robot Solutions
CONYERS, Ga., April 6, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- -- announced today that their Japanese representative, Hajime Yasumatsu, reported recently regarding his initiatives for GeckoSystems while in Japan in late March regarding various Japanese firms' level of interest in assisting and/or partnering with GeckoSystems to use their "Mobile Robot Solutions for Safety, Security, and Service" for manufacturing, distribution and sales in Japan.
"In my meeting with JETRO in late February, I essentially explained GeckoSystems' business model, their many proprietary, beneficial and cost effective mobile robot solutions, and their criteria for selecting a Japanese business partner. While I was pleased with their time and attention, I am now waiting for some sort of feedback from JETRO Japan through their San Francisco office. While I was in Japan, JETRO confirmed that I will need to hear from JETRO-San Francisco.
"Besides our ongoing discussions with JETRO, I visited Tmsuk Company, Ltd. in Fukuoka, Japan. I asked them how receptive they are to some sort of business cooperation with GeckoSystems in the future. They are very focused on cost effective health care delivery using mobile robots and very busy building new robots.
"In addition to the discussions with JETRO and Tmsuk, I visited another Japanese company that is very focused on preventive medical care using mobile robot and their vital sign sensor systems. They are working closely with Tokyo University for R&D and the Marubeni Group for marketing. They seem to be very impressed. I am thinking this may be a good start of reciprocal business relations between GeckoSystems and this new group," commented Hajime Yasumatsu, Chairman, Yasu, Inc., a Missouri Corporation.
Martin Spencer, President/CEO of GeckoSystems stated: "As all of us here at GeckoSystems are excited about this development, due to the growing substance of these new discussions, I feel it is in the best interest of all parties to not reveal the present status of this continuing, if not heightened, interest in GeckoSystems by not only the Japanese government, JETRO, and one of their most advanced mobile robot companies, Tmsuk Co., Ltd., but also this new Japanese firm expressing interest. I believe their interest in us is due to not only our flagship product, the automatic self navigation software, GeckoNav, but also the reality that we have a complete multitasking personal robot, the CareBot, with verbal interaction capabilities, GeckoChat, and the ability to routinely follow a designated family member with GeckoTrak."
The Japanese have their own eldercare crisis because of the size of their WWII widow population. Due to their understanding of the high costs of sufficient and appropriate eldercare, the Japanese government has spent one hundred million dollars ($100,000,000) in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the last eight to ten years to develop personal robots for their own eldercare crisis, yet no viable solutions have been developed by them to date.
"During our many years of developing the CareBot we have focused on software. The majority of robotics companies in Japan focus on the hardware side of mobile service robot development. Given this natural tendency communication may be difficult but the relationship would benefit both sides. The Japanese attention to detail in hardware development could help to advance our hardware platform and cost reduce it further.
"Our software would place a Japanese robotics company ahead of all its competitors. We continue to expect technology-licensing revenues to precede revenues from product manufacturing and sales. The cost saving benefits of GeckoSystems' suite of mobile robot technologies will generate multiple revenue streams for GeckoSystems in the form of licensing, royalties, training, and sales of various hardware systems and subsystems.
"I expect the synergies in our cooperation to result in distribution into the Japanese market and enable significant cost reductions in the systems and subsystems we import from Japan. As one would expect, licensing revenues and a more competitive cost structure will increase shareholder value and ROI for our stockholders," concluded Spencer.
About Marubeni Corp.:
Founded in 1858, Marubeni is involved in the handling of products and provision of services in a broad range of sectors. These areas encompass importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and include offshore trading.
The Company's activities also extend to power projects and infrastructure, plants and industrial machinery, real estate development and construction, and finance, logistics and information industry. Additionally, Marubeni conducts business investment, development and management on a global level.
They are located at: 4-2, Ohtemachi 1-chome, Chiyoda-ku, Tokyo 100-8088, Japan
About Tmsuk Co., Ltd.:
Tmsuk Co., Ltd. was founded on January 4, 2000, to create a safe and comfortable society in which people and robots can coexist. They are located at 465, Eguchi, Munakata-City, Fukuoka, 811-3502 Japan.
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. JETRO is contained within the Japanese Ministry of Trade in their executive branch of their government. 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