Investors: Press Release
GeckoSystems to Sign Joint Venture Agreement with Premier Japanese Robotics Co.
Invitation to Japan next month from company's CEO
CONYERS, GA--(February 5, 2016) - GeckoSystems Intl. Corp. (OTC: GOSY) announced today that due to this well established robotics firm's keen interest in the company's proprietary mobile robot Artificial Intelligence (AI) sense and avoid technologies; multiple, forward moving transactions have occurred. For over eighteen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
"I am pleased to report that due to the continued hard work of our longtime Japanese representative, Mr. Fujii Katsuji, we have again achieved demonstrable progress securing viable joint ventures in Japan. This latest, one of several joint ventures ongoing and/or being entertained, is particularly significant due to the breadth and depth of the robotics expertise of this company and their insistence we meet them as soon as possible in Japan to sign a JV agreement. Prior to the demonstration, three Letters of Intent (LOI) were exchanged establishing a baseline of understanding regarding plans to go forward between the two companies. After their CEO and chief engineer recently witnessed a live demonstration (http://t.co/NqqM22TbKN), arranged by Mr. Katsuji, of our BaseBot(tm), "Lou," they expressed much greater interest in our AI navigation software (GeckoNav(tm), etc.) and have requested more, near term AI robotics technology transfers," commented Martin Spencer, CEO, GeckoSystems Intl. Corp.
Mr. Katsuji found them while looking for the technologists with the appropriate education, skills and experience to assist Fubright Communications, Ltd. and the company in migrating its automatic self-navigation mobile robot software, GeckoNav, to SoftBank Robotics' Pepper robot such that it would have cost effective, utilitarian mobility and be less of a novelty in its benefits and value proposition.
"We began the technology transfer of some of our proprietary AI mobile robot tech with the GeckoMotorController(tm) (GMC). The company's seventh generation GMC uses a proprietary self-adaptive constant energy paradigm to achieve extraordinarily smooth acceleration and deceleration of the company's mobile service robots. A jerky and/or seeming unpredictable moving robot can be both distracting and disturbing for people or animals that observe or interact with them.
Late last year, GeckoSystems had their white paper on Worst Case Execution (reflex or reaction) Time sufficient for mobile service robots' safe usage proximate to humans, translated into Japanese. Mr. Katsuji has been presenting that seminal discussion to many Japanese robotics companies. That paper explains the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why this premier Japanese robotics company desires to enter a contractual joint venture relationship with GeckoSystems.
"Given the speed with which this latest JV partner prospect signed our Safety Clause NDA, executed three LOI's, initiated AI tech transfer, and witnessed a live demo resulting in positive responses and additional, prudent requests, we are all the more convinced of their understanding of complex robotics systems and the markets before us. Due to their extraordinary level of interest and sense of urgency, we expect our relationship to continue to grow briskly. Certainly, on both sides of the Pacific, we are doing as much as is prudent and/or feasible to maximize the benefit of the monetary costs and time in going to Japan. This new JV agreement negotiation continues to progress robustly, such that GeckoSystems will enjoy additional licensing revenues that will enable us to further increase shareholder value," concluded Spencer.
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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