Investors: Press Release
GeckoSystems Demonstrating AI Mobile Robot Solutions in Japan
CONYERS, GA, April 24, 2013 -- GeckoSystems International Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) continues its focus on Asian business development with several demonstrations in Japan since the first of the year. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service".
Greater acceptance of personal robots in Asia, a favorable regulatory environment, major healthcare initiatives by the Chinese and Japanese governments, and most recently, heightened interest in the security market coming from the private sector are driving this increased interest.
Since mid February, three additional Asian companies' senior representatives have viewed live demonstrations of GeckoSystems' BaseBot. They are: a Japanese medical device contract manufacturer, a Japanese robot sales company, and a senior Chinese healthcare professional and entrepreneur. Several more demonstrations are expected in the near future.
These live demonstrations were for the benefit of well-qualified, senior decision makers interested in developing mobile robot products for Chinese and/or Japanese markets. Because the GeckoSystems' Mobile Service Robot (MSR) platform uses primarily "Commercial Off The Shelf" (COTS) hardware and mechanical components, rapid roll out is enabled with limited R&D. These decision makers understand that GeckoSystems can help them create products that are "fast to market" and yet be affordable and practical.
In 2010 the AI navigation software developed for and used on the CareBot was migrated and with limited, additional R&D the company was able to create the SafePath "collision free" power wheelchair upgrade. This migration proved the extensible and portable nature of GeckoSystems' AI mobile robot architecture and its ability to accelerate development of additional MSR applications. This is why GeckoSystems is gaining worldwide recognition in the robotics field. Research and Markets recently identified GeckoSystems as one of eight "key market players" along side Honda, iRobot, Sony, Toyota, and others. The company is delighted to receive this global recognition.
Link to Research and Markets Report
GeckoSystems' Japanese associate ZMP has graciously hosted several demonstrations of the company's technologies in their office in Tokyo using the BaseBot that was shipped to them a year ago. The BaseBot demonstrates SafePath, the world's first and only AI navigation system capable of "sense and avoid" of not only stationary obstacles, but also dynamic obstacles, while seeking the user's desired destination
ZMP's evaluation of the BaseBot was very favorable. ZMP of Japan, a long established vendor of robotic research platforms, has confirmed that the navigation system used in the BaseBot (and hence CareBot, etc.) is "sophisticated" and "fully developed".
Due to these recent demonstrations, GeckoSystems is in ongoing discussions concerning joint ventures and/or licensing of their proprietary technologies to develop products in the security and healthcare sectors in both China and Japan. There are world wide demographic changes that are expanding opportunities in the health care market globally, but in China and Japan the need is urgent and GeckoSystems platform offers a distinct competitive advantage because of being "fast to market."
China has a goal of providing universal health care to its people in 2015. Its problems are unique due to the size of the country and difficulty in providing medical services to remote locations. Telemedicine is a high priority for the government of the People's Republic of China and GeckoSystems has one of the very few systems that can be deployed on such a large scale.
In March of 2015 the Japanese national health care plan will begin to cover robotic personal assistance applications at a rate of 90%. Because of the demographic issues outlined in the report below, a CareBot type personal robot designed to help people live independently in their own home as long as possible will be in high demand. GeckoSystems believes that no economically viable solution can be developed for this market by that March 2015 date without using their technology.
"We continue to be very pleased with the hard work and demonstrable progress made by our associates, Mssrs. Hajime Yasumatsu and Katsuji Fujii, in locating, qualifying and presenting to interested Asian businesses that could benefit from our technology. Due to the sensitivity and delicacy of these ongoing and upcoming joint venture discussions, it would be imprudent for us to reveal additional details at this time. I remain personally grateful for our 1300+ stockholders' loyal support and look forward to their being rewarded with a satisfying ROI," concluded Martin Spencer, President/CEO, GeckoSystems Intl. Corp.
GeckoSystems has been developing innovative robotic technologies for fifteen years. It is CEO Martin Spencer's dream to make people's lives better through robotic technology.
An overview of GeckoSystems' progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/..
These videos illustrate the development of the technology that makes GeckoSystems a world leader in Service Robotics development. Early CareBot prototypes were slower and frequently pivoted in order to avoid a static or dynamic obstacle; later prototypes avoided obstacles without pivoting. Current CareBots avoid obstacles with a graceful "bicycle smooth" motion. The latest videos also depict the CareBot's ability to automatically go faster or slower depending on the amount of clutter (number of obstacles) within its field of view. This is especially important when avoiding moving obstacles in "loose crowd " situations like a mall or an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous YouTube videos. The most popular of which are the ones showing room-to-room automatic self-navigation of the CareBot through narrow doorways and a hallway of an old 1954 home. You will see the CareBot slow down when going through the doorways because of their narrow width and then speed up as it goes across the relatively open kitchen area. There are also videos of the SafePath wheelchair, which is a migration of the CareBot AI centric navigation system to a standard power wheelchair, and recently developed cost effective depth cameras were used in this recent configuration. SafePath navigation is now available to OEM licensees and these videos show the versatility of GeckoSystems' fully autonomous navigation solution.
GeckoSystems, Star Wars Technology
The company has successfully completed an Alpha trial of its CareBot personal assistance robot for the elderly. 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 increase the safety and well being of its elderly charges while decreasing stress on the caregiver and the family.
GeckoSystems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. CareBot has recently incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.
Kinect Enabled Personal Robot video:
Above, the CareBot demonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. There is no joystick control or programmed path; movements are smoother that those achieved using a joystick control. GeckoNav creates three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior within GeckoNav enables the CareBot to reach its target destination after engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets under the ticker symbol GOSY.
Here is a message board devoted to GOSY, please feel free to post questions here:
GeckoSystems uses http://www.LinkedIn.com as its primary social media site for investor updates. Here is CEO Spencer's LinkedIn.com profile:
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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