Investors: Press Release
GeckoSystems: Chinese to Require Hundreds of
Thousands of GeckoSystems
to Reach New Healthcare Standards
CONYERS, Ga., Dec. 6, 2011 -- GeckoSystems International Corporation (Pink Sheets: GOSY | http://www.geckosystems.com/) -- announced additional details today regarding their Joint Venture with the Chinese. Under the auspices of the People's Republic of China a new company is being formed and a new wheelchair manufacturing plant is being built to accommodate updated healthcare standards for the Chinese people.
These new standards will require the production of hundreds of thousands of wheelchairs for the disabled in China. The joint venture will be engineering a completely new product, a truly collision proof wheelchair, that uses GeckoSystems’ proprietary technology, GeckoNav.
GeckoSystems will receive exposure throughout the world thus enabling the Company to begin production of the CareBot, the Company's flagship elder care robot. This Chinese Joint Venture will also produce a basic module for their robotic line at a markedly reduced price, giving GeckoSystems a huge competitive advantage in commercial markets such as healthcare, security, and a variety of government applications.
"This will put GeckoSystems’ technology and proprietary software at the forefront of the global market. We are excited to get started. What we have announced so far is really just the beginning of the potential in the marketplace,” stated Mr. Hajime Yasumatsu, Chairman, Yasu, Inc., GeckoSystems’ Asian Business Development Consultant.
“Our timing could not be better; the Chinese healthcare system is being upgraded to 21st century standards and our technology and software will be part of that upgraded. The potential going forward with all of our technologies in nearly unlimited,” said Martin Spencer, President/CEO, GeckoSystems Intl. Corp.
An audio interview with Mr. Spencer can be found at:
Information on GeckoSystems collision proof wheelchair be found at: Wheelchair Information
A discussion of GeckoSystems' proprietary technology can be found at: GeckoSyestems Tech
GeckoSystems has been developing innovative robotic technology for over fourteen years. It is CEO Martin Spencer's dream to make people's lives better through robotic technology, with a focus on Mobile Service Robots (MSRs). The MSR market is just coming of age.
There are many subgroups of service robots, personal assistance robots, professional assistance robots, social assistance robots, healthcare robots and care giving robots. Many of the robotic platforms now on the market are classified as “software ready” but they do not have integrated software and mechanical systems. GeckoSystems has developed the CareBot hardware and software in tandem for a specific application, the CareBot elder care robot.
In just this last year the market for Mobile Service Robots has started to expand. GeckoSystems received a request from Imasen, Japan's oldest wheelchair maker, to migrate the CareBot's navigation system to their power wheelchair. As a result of this GeckoSystems created the “Collision Proof Wheelchair(tm)”. The company expects their “collision proof” wheelchair and an upgrade for existing wheelchairs will be the first product of this sort to be marketed.
The CareBot has completed Alpha trials, which showed that families readily accepted the unit along with their elderly loved ones. It was tested in a home care setting and received enthusiastic support from both caregivers and care receivers. The company believes that the CareBot will enhance the safety and well being of its elderly charges while decreasing stress on the caregiver and the family.
The company believes that the CareBot should be the first product that is introduced to the retail market because of its very strong return on investment potential for care giving families.
At this time, Gecko Systems is preparing for Beta testing of the CareBot prior to full-scale production and marketing.
Above, the CareBot demonstrates static and dynamic obstacle avoidance and backs in and out of a narrow alley. There is no joystick control or programmed path; movements are smoother that those achieved using a joystick control. AI creates three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior enables the CareBot to reach its target destination after engaging in obstacle avoidance.
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets, on the Pink OTC Current Information tier, under the ticker symbol GOSY.
Main number: 1-866-CAREBOT (227-3268)
International: +1 678-413-9236
Fax: +1 678-413-9247
Source: GeckoSystems Intl. Corp.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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