Investors: Press Release
GeckoSystems Expands Relationship
With Chinese Robotics Company
CONYERS, GA--(Marketwired - Apr 7, 2015) - GeckoSystems Intl. Corp. (OTC PINK: GOSY) (http://www.geckosystems.com/) announced today the signing of linchpin agreements with Dr. Peng Xu, CEO of Qingdao Yuanqi Intelligent Robotics Co., Ltd. For over seventeen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service."
Since the first of the year, two critical documents have been negotiated and effectuated with Dr. Xu, a bilateral Non-Disclosure Agreement (NDA) and Memorandum of Understanding (MOU). The MOU includes the safety clause that GeckoSystems requires in all its initial agreements. Due to Dr. Xu's advanced education and experience as a Master Roboticist, he readily understands the significance of GeckoSystems' safety clause.
"Personally, I am very pleased that Dr. Xu has chosen to continue his dialog and negotiations with us since his having left Haier Robotics," reflected Martin Spencer, CEO, GeckoSystems Intl. Corp.
Dr. Xu was formerly with Haier Group, http://www.haier.net/en/about_haier/ , as CEO of Haier Robotics, which he left to found Qingdao Yuanqi Intelligent Robotics Co., Ltd., a wholly owned subsidiary of Qingdao Techen Enterprise. During his tenure at Haier, he was responsible for negotiating and executing a similar NDA and MOU with GeckoSystems.
Our "window on Asia" for some years, Mr. Hajime Yasumatsu remarked, "He (Dr. Xu) left Haier Robotics as (the) Chairman, Mr. Chen Fujun, of a smart meter company called 'Techen,' invested some fund money."
At the request of Dr. Xu, while he was at Haier, GeckoSystems sent them a comprehensive video history depicting the legacy of their personal robot development over the last 15+ years in 127 video files in multiple formats in 16 folders totaling 7.84GB on a DVD. Many are in higher resolution than what YouTube historically supported. The prototypes range from the 1998 "P3b2" to "Kandy" in 1999, "Bertha" in 2001, "Emily" in 2003, "Lucy" in 2009, and "Martha" in 2011, the first CareBot to use depth camera based navigation. These videos represent six distinct generations of the company's personal mobile robot development, each more refined and capable than the last.
Also included are videos of GeckoSystems' SafePath enabled power wheelchair using their fundamental, proprietary mobile robot solutions originally developed for the CareBot, an Intelligent Family Care Assistant (IFCA).
The most recent GeckoSystems' prototype, a BaseBot named "Lou," was sent to Japan in 2013 and evaluated by well-respected robotics company ZMP ( http://tinyurl.com/pmtm8kc ). Since the first of the year, iXs Research Corp. has evaluated the BaseBot and prepared a video demo of "Lou" to verify GeckoSystems' AI software and hardware mobile robot solutions to real time sense and avoid unmapped and/or moving obstacles. This video may be viewed at: http://t.co/NqqM22TbKN
China is already the world's fastest-growing market for industrial robots, according to the International Federation of Robotics, an industry group based in Germany. Robot sales to mainland China have increased 25 percent, on average, every year from 2005 to 2012, reaching 23,000 robots last year. Only Japan purchases more robots than China annually. The IFR predicts China will be the top market by 2016. http://tinyurl.com/kak95ew
"Our expanding relationships are not limited to China. We also continue to enhance and augment our Japanese and US relationships. Recently, by using social media outlets, we have been able to keep our 1300+ stockholders updated via LinkedIn, Twitter, and GeckoSystems.com. We are pleased that we moved to 'Limited Information' OTC status earlier this year and look forward to returning to 'Current Information.' 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 Qingdao Techen Enterprise:
Qingdao Techen Enterprise is a hi-tech company specialized in R&D and manufacturing, and also providing the OEM/ODM service for electronic metering products. The enterprise consists of three branch companies: Qingdao Techen Electronic Technology Co., Ltd., Qingdao Aif Electronic Co., Ltd. And Qingdao Aif Measurement Co., Ltd. Qingdao Techen Electronic engages in R&D and sales, and Qingdao Aif Electronic and Qingdao Aif Measurement are responsible for manufacturing.
They take research and development as the top work. Every year, they continuously re-invest 5% of the annual revenue back in the R&D and innovation center to create the next generation of technology and solutions for their valued customers. Their factory is with modernized production workshops and configured with advanced manufacturing equipment, the inspection facilities as well as the perfect production technology. They have 10 imported SMT production lines, the automatic wave weld production line, the international leading aging laboratory and the test and calibration benches.
Their international leading automatic production lines, their complete supply chain management system and their professional QC teams form the core competitiveness of the company, and provide strong support and motivation for the development of the company.
For more information: http://www.cccme.org.cn/shop/qdtechen/introduction.aspx
GeckoSystems has been developing innovative robotic technologies for seventeen years. It is CEO Martin Spencer's dream to make people's lives better through robotic technology.
Recent GeckoSystems' Press Releases:
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.
Gecko Systems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. CareBot has recently incorporated Microsoft Kinect depth cameras that will 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, on the Pink OTC Current Information tier, under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote
Here is Spencer's LinkedIn.com profile:
Main number: +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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