Investors: Press Release
Mobile Robot Companies
GeckoSystems-US and iXs-Japan Sign MOU
CONYERS, Ga., May 15, 2013 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that their Pacific Rim business development representative, Mr. Hajime Yasumatsu, Chairman, Yasu, Inc. recently secured a Memorandum of Understanding (MOU) between GeckoSystems and a premier Japanese mobile robot company, iXs, Ltd., Yokohama, Japan. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service."
This MOU is significant due to iXs' stature as an exporter of several robotic systems and subsystem products that are sold globally. Further, iXs designs and manufactures its own line of humanoid robots in addition to components for their domestic Japanese robot industry. GeckoSystems is in discussions with companies around the world who are interested in using GeckoSystems' mobile robot solutions to produce a variety of cost effective, truly utilitarian Mobile Service Robots (MSR's).
GeckoSystems believes that collaboration with iXs will facilitate the development of products in Japan and strengthen the reputation of the company in Asia. Having the support of both iXs and ZMP confirms GeckoSystems' expertise to potential joint venture partners and licensees in the Pacific Rim. This is GeckoSystems' fourth signing of an NDA and MOU with a Japanese personal robot company in the last three years. Earlier, Business Design Laboratory Co., Ltd. (BDL) ( http://www.geckosystems.com/investors/press_releases/20100803_BDL.php) and iFoo Co., Ltd. ( http://www.geckosystems.com/investors/press_releases/20101029_Begins_Joint_RD.php ) signed similar agreements. Those discussions continue.
GeckoSystems has chosen to not patent its numerous AI software paradigms and algorithms due to the extreme difficulty of identifying those that have illegally used those proprietary breakthroughs. Consequently, as a further means of risk management and comprehensive protection of the Company's IP, the recently signed MOU reinforces the earlier executed NDA with this clause: "...both parties completely agree that MSR safety is of the greatest importance in the utilization of MSR technologies.
All MSR technologies shared by both parties in any manner will be treated with the utmost secrecy and respect..."
"The reputation of iXs with their existing product line and international marketing presence makes the licensing of GeckoSystems technology to Pacific Rim projects more visible. The benefit to iXs will be greater stature in the U.S. market and an opportunity to join with us in commercializing the only affordable AI MSR with persistent autonomous navigation for the now expanding Japanese and Chinese elder care personal robot markets. 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," stated Martin Spencer, President/CEO, GeckoSystems.
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 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.
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.
Here is a stock message board devoted to GOSY recommended by us:
GeckoSystems uses http://www.LinkedIn.com as its primary social media site for investor updates. Here is CEO Spencer's LinkedIn.com profile:
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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