Investors: Press Release
GeckoSystems' CEO Asked To Meet With Japanese Officials Due to Elder Care Robot Trials
CONYERS, Ga., Oct. 25, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) --announced today that senior Japanese government officials have asked to meet their CEO, Martin Spencer, to discuss the societal impacts of life support personal companion robots, such as GeckoSystems' 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(tm)." GeckoSystems has been conducting the world's first, in-home elder care robot trials for nearly a year.
"We are very impressed (with) your effort to spread robot technology to the field, especially for the elderly care, showing on your website. Communication between CareBot and elderly was fascinating in the real caring field. In Japan, we are trying to establish the legal issues for developing and spreading elder care robot technologies to such areas. In order to do this, we would like to have an opportunity to visit and make an interview with your company, especially discussing issues regarding your business model and application and commercialization of your leading robot technology. By doing this we would expect to open up the way to develop and establish Japanese standards and legal systems for personal robot providers," stated Dr. Kentaro Kotani, Professor, Kansai University, representing the Japanese government's New Energy and Industrial Technology Development Organization (NEDO).
"We will be pleased and honored to meet with these senior Japanese government representatives to discuss many areas of mutual interest. As far as I know there are no specific laws for utilization of personal robot in Japan yet. I think Dr. Kotani and his sponsors, including NEDO, have started the research toward the new law. This is Agency under Ministry of Economy, Trade and Industry (METI), like JETRO. It seems METI has now realized that it is very important to prepare the specific Law(s) for the personal robots to be used widely in the aging society, and had NEDO to take up this project. NEDO assigned the project to a foundation called Manufacturing Science and Technology Center (MSTC). Dr. Kotani is sponsored by this organization," stated Mr. Hajime Yasumatsu, Chairman, Yasu, Inc.
Accompanying Dr. Kotani will be Dr. Masahiro Kato from the Department of Robot Technology Promotion, Manufacturing Science and Technology Center (MSTC).
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, and others.) over the last ten plus years to develop "life support" personal robots for their own eldercare crisis, yet no viable solutions have been developed by them.
"It is very satisfying to receive this international recognition for the dozens of years of hard work by the many engineers and programmers that have created our many mobile robot solutions here at GeckoSystems. I believe their interest in us is due to not only our flagship product, the automatic self navigation software, GeckoNav(tm), but also the reality that we have a complete multitasking personal assistant robot product, the CareBot, capable of 'life support' activities. Demonstrably, our on going world's first in home elder care robot trials continue to garner many significant domestic and international relationships 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.
"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 revealed in these confidential discussions to result in distribution into the Japanese market and to 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.