Investors: Press Release
GeckoSystems Applauds BusinessInsider.com's
"Market Forecast And Growth Trends For Consumer And Office Robots"
CONYERS, Ga., July 22, 2014 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that an internationally renowned business news website, BusinessInsider.com, had published "Beyond Factory Robots: Market Forecast And Growth Trends For Consumer And Office Robots." In this new report from BI Intelligence, they assess the market for consumer and office robots, taking a close look at the three distinct categories within this market -- home cleaning, "telepresence," and home entertainment robots. For over seventeen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service?."
Our social robot for family care, the CareBot is a type of telepresence and entertainment mobile robot in that it enables trusted family and friends to do more than just "look in" on Grandma over their smartphone, tablet, or PC," remarked Martin Spencer, CEO, GeckoSystems Intl. Corp.
"More importantly than simple joystick controlled telepresence robots that are awkward and stressful to control over the Internet, our GeckoNav AI navigation software enables our CareBot to sense and avoid unforeseen, previously unmapped, moving obstacles for complete safety. Further, our GeckoTrak, in concert with GeckoNav, enables our CareBot to follow Grandma (or other pre-designated person) from room-to-room like a pet dog or cat follows you around your home," continued Spencer.
BusinessInsider makes some key points:
* The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift toward new consumer and office applications. There will be a $1.5 billion market for consumer and business robots by 2019.
* The market for consumer and office robots will grow at a CAGR of 17% between 2014 and 2019, seven times faster than the market for manufacturing robots.
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2015 to be $74.0B, in 2016 to be $77B, in 2017 to be $80B, in 2018 to be $83.3B, and in 2019 to be $86.6B. With market penetrations of 0.03% in 2015, 0.06% in 2016, 0.22% in 2017, 0.53% in 2018, and 0.81% in 2019, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
BusinessInsider.com 's forecasts do not include pent up demand for family care social robots.
"From our humble beginnings on a kitchen table and a two car garage over seventeen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, and Hewlett-Packard. We have demonstrated our technology to seasoned professionals and let it navigate among groups of children in schools and interact with elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath wheelchair which is in pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market estimates are extremely conservative.
"In the past two years we have achieved our first net profits and gained additional international recognition as an industry leader in advanced AI mobile service robot solutions. I continue to remain completely confident of our continued growth prospects and sufficient ROI to justly reward our 1300+ loyal stockholders," concluded Spencer.
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 stock message board devoted to GOSY recommended by us:
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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