Investors: Press Release
GeckoSystems' Mobile Robot Solutions Lower Healthcare Costs
CONYERS, GA, Jul 09, 2009 (MARKETWIRE via COMTEX) -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today that the seven days a week, twenty-four hours a day usage dramatically reduces the time for financial payback for its mobile robot solutions such as the CareBot. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service."
Home environments' cost benefit analysis is complex and hence difficult to quantify, so perhaps doing the breakeven analysis for a nursing home or assisted care facility would be insightful. Let's assume, for the sake of this illustration, that the CareBot only checks blood pressure and heart rate for the designated care receivers for 7 days a week, 16 hours per day, or 448 hours per month, automatically with only intermittent direct human management.
A fully burdened cost of ten dollars ($10.00) an hour would be slightly over thirty-eight percent (38%) minimum wage pay. (See Note 1, below.) This infers a total minimum cost for a cost benefit of $4,480.00 per month for 448 hours of utility. So if the CareBotPro, a larger and more robust version of the CareBot, sold for as much as $42,500, the "payback" could be as quick as ten months. Electricity for recharging would be a few dollars a month and maintenance needs would be only three to four hours per month for the first two to three years depending on how much physical distance the mobile robot has traveled.
"The foregoing cost/benefit analysis is why we believe that the incorporation of an onboard blood pressure/pulse rate monitoring system for our CareBots will further enhance their cost effective, utilitarian capabilities," stated Martin Spencer, President/CEO, GeckoSystems.
"Our CareBot's ability to verbally remind a designated care receiver at predetermined dates and times that their blood pressure/pulse rate needs to be checked by this onboard, integrated robotic sensor system will enable a higher level of safety, security and cost savings for those at home, nursing homes, assisted care facilities, hospitals, etc. Since our CareBots can also run unattended errands and/or automatically follow a designated care receiver, the cost savings to the care giver person or organization should be much greater for enhanced value to our customers and increased ROI for our investors," concluded Spencer.
The CareBot is a multitasking personal robot incorporating advanced, proprietary AI software engines such as GeckoNav, GeckoChat, GeckoTrak, and GeckoScheduler. These disparate AI engines work in parallel and/or serially continuously. Given the CareBot's WiFi network connectivity and easy Internet and LAN accessibility, reporting of various healthcare events outside of normal, can be quickly sent by telephone, instant or text messaging, and/or email.
By the end of this month, the US minimum wage will rise to $7.25 per hour. This figure does not include employer paid employee taxes, or any other benefits such as paid time off for vacations, holidays, sick leave, etc. As a rule of thumb, forty percent is generally added to base payroll to cover taxes and paid time off for employees.