Investors: Press Release
GeckoSystems, an OTC Artificial Intelligence Mobile Robot Co., Forecasts Net Profits
CONYERS, Ga., March 4, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that their website now has all investor updates readily available. For over eighteen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
“The 'Timeline' portion of our website ( http://www.geckosystems.com/timeline/) depicts in over 700 pictures and 120+ videos our R&D journey. This timeline reveals the value of over 100 man-years we have invested in our proprietary Intellectual Properties and my full time work for nearly 20 years now. Our suite of AI mobile robot solutions is well tested, portable, and extensible. It is a reality that we could partner with many other companies and provide them with high-level autonomy for collision free navigation at the lowest possible cost to manufacture. There is also an opportunity for other cost reductions and enhancement of functionality with other components of our AI solutions," stated Martin Spencer, CEO, GeckoSystems International Corporation.
Those organizations and firms that do not have videos portraying that their robotic vehicles’ (drones, driverless cars, self driving cars, etc.) abilities to timely sense and avoid moving obstacles, simply cannot do so, as GeckoSystems can: http://t.co/NqqM22TbKN
In the US, GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare social mobile robots in 2017 to be $74.0B, in 2018 to be $77B, in 2019 to be $80B, in 2020 to be $83.3B, and in 2021 to be $86.6B. With market penetrations of 0.03% in 2017, 0.06% in 2018, 0.22% in 2019, 0.53% in 2020, and 0.81% in 2021, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
A discussion of the pressing need for the CareBot can be found here:
Demos of both the CareBot and the SafePath Wheelchair can be found here:
The company began the world's first in home personal robot trials for eldercare with their CareBot in 2009. Below are links that show the progress of those trials:
GeckoSystems has also done primary market research, focus group market research, and the most extensive in home personal robot trials in the world.
The company developed their SafePath(tm) AI mobile robot navigation technologies some years ago to address those very important requirements for any mobile robot to be truly utilitarian (convenient like a home appliance), while being cost effective with their linchpin AI mobile robot technology, GeckoNav(tm).
GeckoSystems is also looking for U.S. and international partners in the Durable Medical Equipment (DME) market to create a commercial medical telepresence robot and market the SafePath(tm) wheelchair. The need for a better, safer, market expanding power wheelchair is discussed here:
In order to understand the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why this major defense contractor desires a proposal from GeckoSystems, it’s important to acknowledge some basic realities for all forms of automatic, non-human intervention, vehicular locomotion and steering.
- Laws of Physics such as Conservation of Energy, inertia, and momentum, limit a vehicle’s ability to stop or maneuver. If, for instance, a car’s braking system design cannot generate enough friction for a given road surface to stop the car in 100 feet after brake application, that’s a real limitation. If a car cannot corner at more than .9g due to a combination of suspension design and road conditions, that, also, is reality. Regardless how talented a NASCAR driver may be, if his racecar is inadequate, he’s not going to win races.
- At the same time, if a car driver (or pilot) is tired, drugged, distracted, etc. their reflex time becomes too slow to react in a timely fashion to unexpected direction changes of moving obstacles, or the sudden appearance of fixed obstacles. Many car accidents result from drunk driving due to reflex time and/or judgment impairment. Average reflex time takes between 150 & 300ms in a sober state. http://tinyurl.com/nsrx75n
- In robotic systems, "human reflex time" is known as Worst Case Execution Time (WCET). Historically, in computer systems engineering, WCET of a computational task is the maximum length of time the task could take to execute on a specific hardware platform. In big data, this is the time to load up the data to be processed, processed, and then outputted into a useful distillations, summaries, or common sense insights. GeckoSystems' basic AI self-guidance navigation system processes 147 megabytes of data per second using low cost, Commercial Off The Shelf (COTS) Single Board Computers (SBC's).
- Highly trained and skilled jet fighter pilots have a reaction time (WCET) of less than 120ms. Their "eye to hand" coordination time is a fundamental criterion for them to be successful jet fighter pilots. The same holds true for all high performance forms of transportation that are sufficiently pushing the limits of the Laws of Physics to require the quickest possible reaction time for safe human control and/or usage.
- GeckoSystems' WCET is less than 120ms, or as quick, or quicker than most gifted jet fighter pilots, NASCAR race car drivers, etc. while using low cost COTS and SBC's
- In mobile robotic guidance systems, WCET has 3 fundamental components.
- Sufficient Field Of View (FOV) with appropriate granularity, accuracy, and update rate.
- Rapid processing of that contextual data such that common sense responses are generated.
- Timely physical execution of those common sense responses.
All mobile robotic vehicles are therefore unsafe for human usage unless the AI "driver" is jet fighter pilot reflex quick and not "drugged, distracted, or lacking good enough vision" to be allowed to drive in public, people congested areas.
Due to the quickness of GeckoSystems' WCET, nearly all forms of all vehicles can achieve the ability to real time sense and avoid of moving, and/or unforeseen (unmapped) obstacles. As a result of GeckoSystems worldwide preeminence in this essential WCET parameter, for several years running now, GeckoSystems has been identified many times as one of the top five to top ten mobile service robot companies in the world.
"As one can see here, we believe very much in transparency to substantiate not only our many years achieving numerous artificial intelligence robotics breakthroughs, but that we have always been focused, first and foremost, on family enrichment from a real world perspective. Our 1300+ investors should continue to expect that we strive on a daily basis to increase shareholder value for them," concluded Spencer.
Recent third party market research:
Robotic systems are looked at as the future assistants that are designed to help people to do what they want to do in a natural and spontaneous manner. Moreover, with the emergence of ubiquitous computing and communication environments, robots will be able to call upon an unlimited knowledge base and coordinate their activities with other devices and systems. Additionally, the growing spread of ubiquitous computing will lead to robot technologies being embedded into ubiquitous ICT networks to become human agents of physical actions, enhancing and extending the physical capabilities and senses.
The report focuses on giving a detailed view of the complete service robotics industry with regards to the professional and personal applications as well as the geography market. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type along with the qualitative analysis; such as Porter’s five force analysis, market time-line analysis, industry breakdown analysis, and value chain analysis. The global service robotics market is estimated to reach up to $19.41 billion by 2020 growing at a CAGR of 21.5% from 2014 to 2020.
The report recognizes the following companies as the key players in the Global Service Robot Market: GeckoSystem Intl. Corp., Honda Motor Co. Ltd., iRobot Corp. and Toyota Motor Corp.
BusinessInsider makes some key points:
* The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift toward new consumer and office applications. There will be a $1.5 billion market for consumer and business robots by 2019.
* The market for consumer and office robots will grow at a CAGR of 17% between 2014 and 2019, seven times faster than the market for manufacturing robots.
Note: BusinessInsider.com 's forecasts do not include pent up demand for family care social robots anywhere in the world.
GeckoSystems has been developing innovative robotic technologies for fifteen years. It is CEO Martin Spencer's dream to make people's lives better through robotic technology.
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(tm) 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.
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.
CareBot has incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.
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 under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote
GeckoSystems uses LinkedIn and Twitter as its primary social media site for investor updates.
Spencer tweets as @GrandpaRobot
Main number: +1 678-413-9236
Fax: +1 678-413-9247
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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