Investors: Press Release
GeckoSystems' CEO Meeting with
Japanese Robotics Companies' Senior Management
CONYERS, Ga., December 5, 2014 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that their CEO, Martin Spencer, is flying to Japan later this month to discuss mobile robot joint venture opportunities. For over seventeen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
"Due to a the confluence of several 'sea change' events impacting this emerging trillion dollar industry, our ongoing discussions with several Japanese robot companies, and the presence of one our BaseBot(tm) mobile robot prototypes in Japan, it has been deemed strategic for me to make this trip at this busy time," commented Martin Spencer, CEO, GeckoSystems.
For several years, GeckoSystems has had Japanese representation in the Pacific Rim due to the capable assistance of Mr. Hajime Yasumatsu and his associate, Mr. Katsuji Fujii. Due to their hard work, numerous discussions have been initiated and are ongoing. "Lou," one of the company's BaseBots, has been in Japan for over a year and successfully demonstrated its "loose crowd" level of mobile robot autonomy to several Japanese companies such as ZMP, iXs, etc.
There are several factors creating this confluence. Eg. given the 36% increase in the dollar's purchasing power in Japan since January of 2013, the cost of manufacturing in Japan has now fallen dramatically. The Yen is expected to continue to weaken against the dollar and this will benefit many US businesses, such as GeckoSystems.
In the last year, Intel introduced a new low power x86 single board computer (SBC), the "Edison" that sells for $50 each designed for the mobile market, the "Internet of Things," (IoT). Previously, the equivalent x86 SBC system was over $200 per system. That new reality enables a direct cost of manufacturing reduction for all the computer systems on GeckoSystems' CareBot(tm) of over 60%. The company expects their fifth generation CareBot --now in development-- to have an MSRP of less than $5,000.
Last, but not least, Japanese consumers are presently being blitzed by Softbank's introduction of their personal robot, "Pepper."
"We believe that due to the convergence of events this past year in Japan and the U.S., that the timing of my meetings in Japan this month could have far reaching, strategic benefits," summarized Spencer.
GeckoSystems has been developing innovative artificial intelligence robotic technologies for over seventeen years. It is CEO Martin Spencer's dream to make people's lives better through robotic systems technology.
An overview of GeckoSystems' progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
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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.
SOURCE: GeckoSystems Intl. Corp.
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