Investors: Press Release
GeckoSystems, an OTC Artificial Intelligence Mobile Robot Co., Forecasts Net Profits
CONYERS, GA--(February 26, 2016) - GeckoSystems Intl. Corp. (OTC: GOSY | http://www.geckosystems.com/) announced today that the company expects to be net profitable as a result of revenues from the recently announced Japanese robotics joint venture. 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 with this revenue generating joint venture 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 IC-Japan," commented Martin Spencer, CEO, GeckoSystems Intl. Corp.
While looking for 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(tm), to SoftBank Robotics' Pepper robot such that it would have cost effective, utilitarian mobility and be less of a novelty and more practical in its benefits with a dramatically improved value proposition, Mr. Katsuji found IC-Japan.
At this time, there are approximately 2,200,000 million Japanese over 65 living alone. Their greatest fear is to die alone and that their demise not be known to others for a few days. For this reason and many others, the Japanese government pays 90% of the cost of personal robots used for eldercare such that concern would be well addressed. Further, the Japanese government is paying 75% of the R&D costs to develop robotic healthcare solutions for greater productivity to provide more cost effective care giving for their extraordinarily large senior population.
This new partner is unsure of the mass appeal of the Pepper robot and its present inability for safe ambulation around humans and fragile surroundings. They agree with SoftBank in that they also believe there is a significant, near term market in Japan for eldercare robots and want to explore all scenarios including, but not limited to, the Pepper robot as stated by Mr. Nebeta:
"We are very much looking forward to meet with Mr. Spencer and discuss the large Japanese market for 'welfare robots,'" stated Takashi Nebeta, CEO, IC-Japan.
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 presented that seminal discussion to several Japanese robotics companies such as IC-Japan. That paper explains the relevance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why this premier Japanese robotics company, IC-Japan, is entering a contractual joint venture relationship with GeckoSystems.
"This latest, multi-million dollar JV agreement and its incumbent revenue stream delineates the reality that GeckoSystems will enjoy additional licensing revenues that will enable us to further increase shareholder value by our fiscal year end on June 30," 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.
Copyright © 2008-2019 GeckoSystems Intl. Corp.