Investors: Press Release
GeckoSystems' Representative Comments on Japanese Interest in Elder Care Robot Trials
CONYERS, GA, -- March 5, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that their Japanese representative, Hajime Yasumatsu, has reported recently regarding his initiatives for GeckoSystems with the Japanese Export Trade Organization (JETRO) and a major Japanese mobile service robot developer, tmsuk Company, Ltd., regarding their level of interest in assisting and/or partnering with GeckoSystems to use their "Mobile Robot Solutions for Safety, Security, and Service" for manufacturing and distribution in Japan.
"In my meeting with JETRO on Feb. 23, I essentially explained GeckoSystems' business model, their many proprietary, beneficial and cost effective mobile robot solutions, and their criteria for selecting a Japanese business partner. While I was pleased with their time and attention, I am now waiting for some sort of feedback from JETRO Japan through their San Francisco office. I believe it may take at least a few weeks for us to get some sort of response back from Japan. Since I am planning to be in Tokyo from Mar. 29-31, I wish to visit JETRO's world headquarters at that time.
"Besides our ongoing discussions with JETRO, I am visiting tmsuk Company, Ltd. in Fukuoka, Japan on Mar. 26, and I will ask them how receptive they are to some sort of business cooperation with GeckoSystems in the future. They are very focused on cost effective health care delivery using mobile robots," commented Hajime Yasumatsu, Chairman, Yasu, Inc., a Missouri Corporation.
Martin Spencer, President/CEO of GeckoSystems stated: "As all of us here at GeckoSystems are excited about this development, due to the growing substance of these past and future discussions, I feel it is in the best interest of all parties to reveal the present status of this continuing, if not heightened, interest in GeckoSystems by not only the Japanese government, JETRO, but also one of their most advanced mobile robot companies, tmsuk Co., Ltd. The upcoming meetings and the potential outcome(s) of them have been in the works for several years and is now coming to what looks to be an extraordinarily profitable culmination. I believe their interest in us is due to not only our flagship product, the automatic self navigation software, GeckoNav, but also the reality that we have a complete multitasking personal robot, the CareBot, with verbal interaction capabilities, GeckoChat, and the ability to routinely follow a designated family member with GeckoTrak."
The Japanese have their own eldercare crisis because of the size of their WWII widow population. Due to their understanding of the high costs of sufficient and appropriate eldercare, the Japanese government has spent one hundred million dollars ($100,000,000) in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the last eight to ten years to develop personal robots for their own eldercare crisis, yet no viable solutions have been developed by them to date.
"Our recently announced 'Mobile Robots in Motion' conference and on going world's first in home elder care robot trials have garnered many inquiries for us regarding our business model, technologies available for licensing, and interest in joint domestic and international ventures. We continue to expect technology licensing revenues to precede revenues from product manufacturing and sales. This augurs well for increased ROI and shareholder value for our investors," observed Martin Spencer, President/CEO, GeckoSystems.
This "Mobile Robots in Motion" conference will be held at GeckoSystems' new 4,000 square feet R&D and manufacturing facility in the Honey Creek area, just south of Conyers, Ga. Attendees, perhaps some from JETRO, will witness not only our flagship product, but also our proprietary automatic self-navigation software, GeckoNav, and the reality that they have a complete multitasking personal companion robot, the CareBot, with verbal interaction and 'command and control' capabilities arising from GeckoChat, verbal reminders from GeckoChat and GeckoScheduler and the ability to routinely follow a designated family member with GeckoTrak. This personal companion robot, the CareBot, has been in limited evaluation trials for over three months now.
"During our many years of developing the CareBot we have focused on software. The majority of robotics companies in Japan focus on the hardware side of mobile service robot development. Given this natural tendency communication may be difficult but the relationship would benefit both sides. The Japanese attention to detail in hardware development could help to advance our hardware platform and cost reduce it further. Our software would place a Japanese robotics company ahead of all its competitors.
The cost saving benefits of GeckoSystems' suite of mobile robot technologies will generate multiple revenue streams for GeckoSystems in the form of licensing, royalties, training, and sales of various hardware systems and subsystems. I expect the synergies in our cooperation to result in distribution into the Japanese market and enable significant cost reductions in the systems and subsystems we import from Japan. As one would expect, licensing revenues and a more competitive cost structure will increase shareholder value and ROI for our stockholders," concluded Spencer.
About tmsuk Co., Ltd.:
tmsuk Co., Ltd. was founded on January 4, 2000, to create a safe and comfortable society in which people and robots can coexist. They are located at 465, Eguchi, Munakata-City, Fukuoka,811-3502 JAPAN
The Japan External Trade Organization (JETRO) is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. JETRO is contained within the Japanese Ministry of Trade in their executive branch of their government. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential.
"Medical Equipment: How U.S. Companies Are Positioned to Get Ahead of Two Upcoming Shifts in Japan" http://www.jetro.org/content/515