Investors: Press Release
GeckoSystems Delivers "SafePath Enabled" Mobile Robot
To Be Evaluated by Independent Third Party, ZMP
CONYERS, GA, April 16, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY) -- announced today that they have shipped an advanced version of the BaseBot to its partner company, ZMP of Japan. GeckoSystems is a dynamic leader in the emerging mobile robotics industry, using proprietary software to revolutionize the development and usage of "Mobile Robot Solutions for Safety, Security and Service. ZMP engineers will see the BaseBot demonstrate "loose crowd" level autonomy, autopilot seek, cognizant navigation, and reactive, proactive and contemplative avoidance behaviors. These are the functional benefits that enable emergent mobile robot behaviors such as errand running and patrolling.
The navigation technology used is also the foundation of our CareBot and SafePath wheelchairs and upgrade kits. ZMP is consulting with a major Japanese university that wishes to study the advantages of robotic wheelchairs for the disabled. ZMP is also working on the RoboCar which is specifically designed to negotiate narrow streets at pedestrian and bicycle-friendly speeds. Both GeckoSystems and ZMP recognize that there is an immediate market for these technologies and that GeckoSystems navigation will enhance their utility and value to the end user. ZMP was founded in January 2001 in order to commercialize the results of the prestigious Kitano Symbiotic Systems Project, under the jurisdiction of Japan's MEXT. ZMP has a mandate to work closely with leading educational institutions and industries in Japan.
The BaseBot incorporates essential GeckoSystems technologies. Each component has an Artificial Intelligence (AI) function that enhances these capabilities. GeckoSuper, an AI software overlay that orchestrates these discreet systems, manages BaseBot systems. The result is a a fluid, integrated whole that has desirable benefits greater than the sum of its parts.
GeckoSystems CEO Martin Spencer comments on the shipping of the BaseBot: "We are very pleased to send this latest configuration of our BaseBot to ZMP. We now have a demonstration unit that can be readily shipped to third parties for independent testing and evaluation of our SafePath mobile robot solutions. The BaseBot is compact and readily demonstrates our 'loose crowd' level of mobile robot autonomy. The BaseBot will also be useful to OEM manufacturers when developing products designed for SafePath navigation. Since our founding nearly 15 years ago, and especially the last 7 years, we have been searching for a strategic partner that is reliable, competent, and who would respect and honor our ownership of the intellectual properties that comprise the BaseBot.
We appreciate the collaborative spirit of ZMP. Their association with Hirayama & Company Patent, Design & Trademark Attorneys will help us to bring BaseBot and SafePath projects to market in a timely and efficient manner while maintaining full control of all related Intellectual Property. Our Asian business development consultant, Mr. Hajime Yasumatsu, has been key in securing this breakthrough relationship with ZMP of Japan. I would also like to thank our loyal stockholders who have stood with us during the R&D phase. I believe GeckoSystems is about to enter a new era of being a profitable Emerging Growth company having exited from the Development Stage," concluded Spencer.
About GeckoSystems Intl. Corp.:
GeckoSystems has been developing innovative robotic technology for over fourteen years. It is CEO Martin Spencer's dream to make people's lives better through robotic technology.
Although the company's primary focus has been an elder care robot, the CareBot, AI (artificial intelligence) software technology developed for this project is being marketed internationally. The company believes many devices in use today can be improved through the use of its AI navigation software system. The company expects their "collision proof" wheelchair and an upgrade for existing wheelchairs will be on the market sometime in 2012.
GeckoSystems' Mobile Robot Solutions Improve Wheelchair Safety http://www.geckosystems.com/markets/wheelchair.php
The company has successfully completed Alpha trials of its CareBot personal assistance robot for the elderly. It was tested in home care settings 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. The CareBot has recently incorporated Microsoft Kinect motion sensors that will 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. Unlike most of the developmental stage robots backed my major corporatons, there is no joystick control or programmed path. GeckoNav uses Artificial Intelligence (AI) to create three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior enables the CareBot to reach its target destination after engaging in obstacle avoidance. GeckoSystems plans to provide robotic products for many consumer and commercial applications including security, defense and healthcare.
About the CareBot:
The CareBot has proven to be ideal for the Personal Assistance market (care for children, chronically ill, and the elderly) which has been chronicled in articles from Psychology Today - Adventures In Old Age and subject related blogs.
In this market, mobile service robots (MSRs) serve as a cost effective alternative to nursing care or assisted living. The estimated annual savings for a single family is in the tens of thousands of dollars.
The robot is very stable and difficult to tip over since nearly seventy percent of its weight is less than eight inches above the floor and sits low between large, ten-inch diameter wheels. The wheels are wide and soft enough such that if the robot did go over a child's arm, for example, it would not break the skin or any bones.
Multiple layers of sensors are fused to provide a safety umbrella to enable actionable situational awareness. Going outward from the center of the CareBot is the GeckoTactileShroud, which detects where on its shroud it has been bumped by people or animals. The GeckoImager detects virtually everything in the front and to the sides of this fully autonomous mobile robot up to sixty inches. Obstacles more distant are detected by twin ultrasonic rangefinders.
The advanced AI navigation software, GeckoNav, takes in the hundreds of sensor readings per second and using its high level situational awareness, consistently avoids unforeseen static and/or dynamic obstacles for safe movements.
Like an automobile, the CareBot is made from steel, aluminum, plastic and electronics, but with up to 20 times the amount of software running. It has an aluminum frame, plastic shroud, two independently driven wheels, multiple sensor systems, microprocessors and several onboard computers connected by a local area network (LAN). The microprocessors directly interact with the sensor systems and transmit data to the onboard computers.
The onboard computers each run independent, highly specialized cooperative/subsumptive artificial intelligence (AI) software programs, GeckoSavants, which interact to complete tasks in a timely, intelligent and common sense manner. GeckoSuper, GeckoNav, GeckoChat, GeckoScheduler and GeckoTrak are primary, high level GeckoSavants. GeckoNav is responsible for maneuvering, avoiding dynamic and/or static obstacles, seeking waypoints and patrolling.
GeckoChat is responsible for interaction with the care-receiver such as answering questions, assisting with daily routines and reminders, and responding to other verbal commands. GeckoTrak, which is mostly transparent to the user, enables the CareBot to maintain proximity to the care-receiver using sensor fusion. The CareBot is a new type of Internet appliance, a personal assistant life support robot, which is accessible for remote video/audio monitoring and telepresence.
At the time GeckoSystems was founded, over 14 years ago, they did extensive primary market research to determine the demographic profile of the early adopters of the proposed CareBot product. Subsequently, they have assembled numerous focus groups to evaluate the fit of the CareBot personal robot into the participant's lives and their expected usage. The Company has also frequently employed the Delphi market research methodology, contacting and interviewing senior executives, practitioners and researchers knowledgeable in the area of elder care. This primary and secondary market research, supplemented by extensive third party material that is available from researchers worldwide is the statistical substance for the Company's sales forecasts.
Not surprisingly, scientific statistical analysis reveals that the elderly over 65 living alone in metropolitan areas access to broadband internet and sufficient household income were identified as those most likely to adopt initially. Due to the high cost of assisted living, nursing homes, etc. the payback for a CareBot is expected to be only seven to nine months, with an added benefit of keeping elderly care receivers independent, in their own long time homes, and living longer due to the comfort and safety of more frequent attention from their loved ones.
The Projected Consumer Market Size In Dollars For Cost Effective, Utilitarian, Multitasking Eldercare Personal Robots:
Estimated Market Penetrations and Projected Sales:
Source: U.S. Census Bureau; GeckoSystems
The Company expects these sales despite --and perhaps because of-- the present recession due to pent up demand for significant cost reduction in eldercare expenses. The foregoing forecasts do not include sales in nonmetropolitan areas; elderly couples over 65 (only elderly living alone are in these forecasts); those chronically ill -- regardless of age-- or elderly living with their adult children.
The Company's "mobile robot solutions for safety, security and service" are appropriate not only for the consumer, but also professional healthcare, commercial security and defense markets. Professional healthcare require cost effective, timely errand running, portable telemedicine, etc. Homeland Security requires cost effective mobile robots to patrol and monitor public venues for weapons and WMD detection. Military users desire the elimination of the "man in the loop" to enable unmanned ground and air vehicles to not require constant human control and/or intervention.
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets, on the Pink OTC Current Information tier, under the ticker symbol GOSY.
Main number: 1-866-CAREBOT (227-3268)
International: +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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