Investors: Press Release
GeckoSystems Enlists IP Law Firm to Advance Nissan Negotiations
CONYERS, GA / ACCESSWIRE / March 31, 2015 / GeckoSystems Intl. Corp. (GOSY) (http://www.geckosystems.com) GeckoSystems' CEO, Martin Spencer, recently met with the senior partners (Jeffrey A. Bekiares, Corporate & Securities Attorney; Yuri L. Eliezer, Intellectual Property Attorney; and Megan K. Johnson, Commercial & Litigation Attorney) at Founders Legal., an Intellectual Property (IP) and Corporate centric law firm. For over seventeen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(TM)."
"During our kickoff luncheon meeting, the discussion focused on GeckoSystems' mobile service robots heritage, proprietary technologies, and the recent meeting in Japan with Nissan Motor Company. As a result of this meeting with Founders Legal, I am very satisfied that due to Mr. Eliezer's and his associates' professional comportment, depth and breadth in synergistic areas of corporate IP legal matters, that they will meaningfully assist us in moving forward with Nissan subsequent to our seminal meeting late last year," stated Spencer.
"We were intrigued by GeckoSystems' technology and mission. More notably, we were impressed by Mr. Spencer's accomplishments and character," summarized Mr. Eliezer, Co-founder, Founders Legal and SmartUp Legal.
Last December, a new relationship was begun with Nissan Motor Co., Ltd. when they requested that Mr. Spencer meet with three of their master roboticists at the Nissan Advanced Technology Center in Atsugi-shi. Those three individuals, Drs. Noriko Shimomura and Toshihiro Asai and Mr. Hikaru Nishira, Manager, represented Nissan's Mobility Services Laboratory, Research Division 2, which is responsible for Nissan's autonomous car R&D in Japan. Three other Nissan roboticists, also English speaking, accompanied Nissan's lead researchers for their autonomous car development. Nissan's primary autonomous car R&D is in Sunnyvale, CA.
"It was a good meeting, but with short notice we had no time to get a formal, written non-disclosure agreement in place, so I trusted Dr. Shinomura's good faith promise that a mutually acceptable NDA would be forthcoming as soon as the appropriate Nissan corporate officer returned to Japan," commented Spencer.
At the meeting Mr. Spencer was asked two strategically important questions by the Nissan representatives:
1. How does GeckoSystems' self-navigation AI software, GeckoNav(TM), work?
2. How would this technology recognize and respond appropriately to urban stoplights?
Two hours later, after saturating two whiteboards, these Nissan autonomous car researchers were well informed as to how GeckoSystems "does it." Mr. Spencer candidly discussed how fundamentally different sensor systems are sensor fused within GeckoSystems' navigation system. Dr. Shimomura confirmed that Nissan was using an approach similar to that used with GeckoSystems' software navigation system, GeckoNav and the company refers to this as a "biologically inspired hierarchy." At the end of the meeting, the Nissan attendees assembled two sets of the self-copying whiteboard presentation by Mr. Spencer for internal usage and distribution.
"As opposed to the driverless previously detailed mapped navigation used by Google, Nissan's concept of autonomous vehicles is more in line with our own AI mobile robot autonomy solutions. This is confirmed with quotes by the CEO of Nissan and Renault, Carlos Ghosn," said Spencer.
Quote: Carlos Ghosn, CEO of Nissan and Renault, Reddit AMA January 12, 2015
"Google's approach is vastly different to ours. Their approach is all about surrendering complete control from the driver and using highly precise maps. They may have a financial reason to focus on those maps given their ad products. Our approach is about technology that works where we have maps and even in cases where the map ends."
"Sensor fusion and GeckoSystems' ability to migrate existing software to new applications allows us to cost reduce existing products and we believe we can assist Nissan in their goal of having a high level of autonomy car in 2020."
"We are very pleased to now have the capable assistance of the very competent IP law team at Founders Legal. Recently, by using social media outlets, we have been able to keep our 1300+ stockholders updated via LinkedIn, Twitter, and GeckoSystems.com. We are continuing our commitment to marketing and licensing our AI software solutions in the U.S. and abroad in order to limit dilution of our stock and maximize shareholder value," concluded Spencer.
About Founders Legal:
Founders Legal (Bekiares Eliezer LLP), believes that every business deserves the opportunity to start with a solid foundation. Therefore, the main mission of Founders Legal is to provide quality and affordable representation to emerging companies throughout every phase of their life cycle, including formation, growth in operations, development and protection of intellectual property, capitalization, and exit transactions.
Phone: (404) 537-3686
2870 Peachtree Rd #492
Atlanta, GA 30305
3423 Piedmont Rd, STE 555
Atlanta, GA 30305
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/.
Domestic/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.
SOURCE: GeckoSystems Intl. Corp.
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