Investors: Press Release
GeckoSystems, an AI Mobile Robotics Co., Reports Revenues & Net Profits from Japanese Joint Venture
GeckoSystems Reports Net Profit from New Japanese Robotics Joint Venture
GeckoSystems’ Newest Japanese Robotics Joint Venture Produces Revenues, Nets Profits
CONYERS, Ga., June 9, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that they have booked sales and licensing revenues sufficient for a net profit for the quarter ending June 30 as a result of their recently signed agreements with IC Corporation, Ltd. (ICCL), Yokohama, Japan. For over eighteen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
Recently, their CEO, Martin Spencer, returned from a very successful two-week business trip to Japan.
Prior to going to Japan, two long time Japanese partners, iXs, Ltd., (iXs) and Fubright Communications Corp. (FCC), demonstrated the company’s BaseBot(tm) mobile robot known as “Lou” to ICCL senior management. As a result of that demonstration, ICCL has contracted to purchase a “loose crowd level of autonomy mobile robot, a BaseBot(tm), a frame and locomotion kit, and training for quarterly revenues in excess of $120,000.
“While a seemingly modest sale, these revenues ensure that GeckoSystems will have a net profit before taxes for the quarter ending June 30. Further, this initial sale does not include software licensing revenues,” stated Spencer.
While in Japan, GeckoSystems’ CEO met on two occasions with Messrs. Takeski Nabeta, President, and Shinobu Trauchi, Director, of ICCL to discuss and sign the purchase agreement. Prior to the meeting their president stated, "We are very much looking forward to meet with Mr. Spencer and discuss the large Japanese market for 'welfare robots.'"
GeckoSystems’ CEO traveled to Japan for two weeks to sign one or more AI software licensing deals as a result of their long time Japanese agent’s (Mr. Fujii Katsuji) representation in Japan. The increased interest from Japan in the company’s AI mobile robot solutions is due, in part, to the translation of the Company’s WCET white paper from English to Japanese late last year by Dr. Ru Wang, a physicist. That paper explains the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why this premier Japanese robotics company, ICCL, and others desire to enter a contractual joint venture relationship with GeckoSystems.
“Certainly I am pleased with my second trip to Japan in the last eighteen months. Not only did I strengthen existing relationships and develop two new, strategic ones, but consummated one significant licensing agreement, to be followed by more in the coming days and weeks,” reflected Martin Spencer, CEO, GeckoSystems Intl. Corp.
GeckoSystems has had their safety clause Non-Disclosure Agreement (NDA) with iXs Research Corp. since April of 2013 and with Fubright Communications, Ltd. since April of 2015. IC Corp. Ltd. has been under NDA since December of 2015.
The Japanese government is very concerned about their “Silver Tsunami.” 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. Consequently, the Japanese government is paying 75% of the R&D costs to develop robotic healthcare solutions for greater productivity to provide more economic care giving for their extraordinarily large senior population. This recent article further underscores Japan's commitment to eldercare capable, 'welfare' robots: "Japan govt to urge nursing care robot development" http://tinyurl.com/oehxdba
In order for any companion robot to be utilitarian for family care, it must be like a "three legged milk stool" for safe, routine usage. For any mobile robot to move in close proximity to humans, it must have:
(1) Human quick reflex time to avoid moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r) (See the importance of WCET discussion below.)
(3) Ability to automatically find and follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal interaction can occur routinely with video and audio monitoring and/or teleconferences of the care receiver occur readily and are uninterrupted.
Spencer recently met with local representatives of the Japan Export Trade Organization (JETRO) in Atlanta, GA. JETRO was founded in 1951 by the Japanese government to facilitate international trade with Japan. As a result of that meeting, Messrs. Nabeta, Fujii and Spencer met with JETRO representatives in Tokyo on Tuesday May 31st to discuss the JETRO subsidies available for Japanese eldercare robot product development.
"This latest JV continues to progress robustly, such that GeckoSystems now enjoys revenues that will enable us to increase shareholder value. After many years of patience by our current 1300+ stockholders, they can continue to be completely confident that this new, multi-million-dollar licensing agreement signed while I was in Japan further substantiates and delineates the reality that GeckoSystems will continue to be rewarded with additional licensing revenues increasing shareholder value," concluded Spencer.
The safety requirement for human quick WCET reflex time in all forms of mobile robots:
In order to understand the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why another Japanese robotics company desires a business relationship with GeckoSystems, it’s key 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 race car 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. 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 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 reflex 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 100ms, 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.
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(tm) 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.
GeckoSystems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. CareBot has recently incorporated Microsoft Kinect depth cameras that 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 under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote
GeckoSystems uses http://www.LinkedIn.com as its primary social media site for investor updates. 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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