GeckoSystems, an AI Robotics Co., Signs U.S. Joint Venture Agreement

CONYERS, GA / ACCESSWIRE / August 18, 2016 / GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.GeckoSystems.com) announced today that after effectuating an NDA, MOU, and LOI agreements with this NYC AI firm, that they have now executed a joint venture agreement. For over nineteen years, GeckoSystems has dedicated itself to development of “AI Mobile Robot Solutions for Safety, Security and Service(tm).”

“We are very pleased to announce our first US JV. We will jointly coordinate our advanced Artificial Intelligence (AI) R&D to achieve higher levels of human safety and sentient verbal interaction for the professional healthcare markets. We expect not only near term licensing revenues, but also an initial AI+ CareBot(tm) sale. While we have several JVs in Japan continuing to mature, it is gratifying to have gained demonstrable traction in the US markets.

“One of our primary software and hardware architecture design goals has been for our MSR platforms to be extensible such that obsolescence of the primary cost drivers, the mechanicals, would be as much as five or more years (or when actually worn out from use). Consequently, our hardware architecture is x86 CPU centric and all our AI savants communicate over a LAN using TCP/IP protocols with relatively simple messaging. This means all systems on the Companys MSRs are truly Internet of Things (IoT) due to each having a unique IP address for easy and reliable data communications. Because of our high level of pre-existing, linchpin, 3-legged milk stool basic functionalities that make our AI+ CareBot so desirable by being easily upgraded, not only by GeckoSystems, but also third party developers, such as this advanced NYC AI firm.

“This is the strategic hardware development path that IBM used in setting PC standards that have enabled cost effective use of complex, but upgradeable for a long service life, personal computers for over thirty years now,” observed Martin Spencer, CEO, GeckoSystems Intl. Corp.

NYC has national prominence in the AI development community. For example, NYC has twenty listed here: http://nycstartups.net/startups/artificial_intelligence Atlanta, GA, reports only one AI robotics startup, Monsieur, a leader in the automated bartending space. http://monsieur.co/company/

Artificial intelligence technologies and applications span:

Big Data, Predictive Analytics, Statistics, Mobile Robots, Social Robots, Companion Robots, Service Robotics, Drones, Self-driving Cars, Driverless Cars, Driver Assisted Cars, Internet of Things (IoT), Smart Homes, UGVs, UAVs, USVs, AGVs, Forward and/or Backward Chaining Expert Systems, Savants, AI Assistants, Sensor Fusion, Point Clouds, Worst Case Execution Time (WCET is reaction time.) Machine Learning, Chatbots, Cobots, Natural Language Processing (NLP), Subsumption, Embodiment, Emergent, Situational Awareness, Level of Autonomy, etc.

An internationally renowned market research firm, Research and Markets, has again named GeckoSystems as one of the key market players in the service robotics industry. The report covers the present scenario and the growth prospects of the Global Mobile Robotics market for the period 2015-2019. Research and Markets stated in their report, that they: “forecast the Global Mobile Robotics market to grow at a CAGR of nearly sixteen percent over the period 2015-2019.”

The report has been prepared based on an in-depth market analysis with inputs from industry experts and covers the Americas, the APAC, and the EMEA regions. The report is entitled, Global Professional Service Robotics Market 2015-2019.

Research and Markets lists the following as the key vendors operating in this market:

Companies mentioned:

AB Electrolux

Blue River Technology

Curexo Technology

Elbit Systems

GeckoSystems

Health Robotics

MAKO Surgical Corp.

GeckoSystems has been recognized by Research and Markets for several years now and it is the most comprehensive report of the global service robotics industry to my knowledge. I am pleased that their experienced market researchers are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well, or better, as much larger, multi-billion dollar corporations such as AB Electrolux, etc., reflected Martin Spencer, CEO, GeckoSystems Intl. Corp.

Research and Markets also discusses:

Professional service robots have the tendency to work closely with humans and can be used in a wide application ranging from surveillance to underwater inspection. They provide convenience and safety, among other benefits, thus creating demand worldwide. Technavio expects the global professional service robotics market to multiply at a remarkable rate of nearly 16% during the forecast period. Today, the adoption of robots is on the rise globally as they tend to minimize manual labor and reduce the chances of human error.

In the last decade, there have been numerous technological advancements in the field of robotics that have made the adoption of robots easy, viable, and beneficial. For instance, there has been a lot of innovations and improvements in the Internet of things, automation, M2M communications, and cloud. The modern robotic manufacturers are trying to take advantage of these technologies as a communication medium between the robots and humans, thus increasing the convenience as well as the transfer of real-time information within the business entity seamlessly.

Segmentation of the professional service robotics market by application:

– Defense, rescue, safety, and aerospace application
– Field application
– Logistics application
– Healthcare application
– Others

The defense application segment was the largest contributor to the growth of the global professional service robotics market with more than 44% share of the overall shipments in 2014. The demand for UGV and UAV for surveillance and safeguarding lives of personnel from ammunition, landmines, and bombs is expected to drive the demand for robotics.

“It is an honor that they recognize the value of the over 100 man-years we have invested in our proprietary AI robotics Intellectual Properties and my full time work for nearly 20 years now. Our suite of AI mobile robot solutions is well tested, portable, and extensible. It is a reality that we could partner with any other company on that list and provide them with high-level autonomy for collision free navigation at the lowest possible cost to manufacture. There is also an opportunity for other cost reductions and enhancement of functionality with other components of our AI solutions,” stated Spencer.

In order for any companion (social) 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.)

(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) for easy user dialogues and/or monologues with a sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and

(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.

In the US, GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare social mobile robots in 2017 to be $74.0B, in 2018 to be $77B, in 2019 to be $80B, in 2020 to be $83.3B, and in 2021 to be $86.6B. With market penetrations of 0.03% in 2017, 0.06% in 2018, 0.22% in 2019, 0.53% in 2020, and 0.81% in 2021, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively.

“This first US JV will continue to evolve, such that GeckoSystems enjoys revenues that increase shareholder value. After many years of patience by our current 1300+ stockholders, they can continue to be completely confident that this new, potentially multi-million-dollar JV licensing agreement further substantiates and delineates the reality that GeckoSystems will continue to be rewarded with additional licensing revenues furthering shareholder value,” concluded Spencer.

About GeckoSystems:

GeckoSystems has been developing innovative robotic technologies for nineteen years. It is CEO Martin Spencer’s dream to make people’s lives better through AI robotic technologies.

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, its key to acknowledge some basic realities for all forms of automatic, non-human intervention, vehicular locomotion and steering.

1. Laws of Physics such as Conservation of Energy, inertia, and momentum, limit a vehicles ability to stop or maneuver. If, for instance, a cars braking system design cannot generate enough friction for a given road surface to stop the car in 100 feet after brake application, thats 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, hes not going to win races.

2. 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

3. 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).

4. 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.

5. 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

6. In mobile robotic guidance systems, WCET has 3 fundamental components.
a. Sufficient Field of View (FOV) with appropriate granularity, accuracy, and update rate.
b. Rapid processing of that contextual data such that common sense responses are generated.
c. Timely physical execution of those common sense responses.

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An earlier third party verification of GeckoSystems AI centric, human quick sense and avoidance of moving and/or unmapped obstacles by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN

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

http://www.youtube.com/watch?v=VYwQBUXXc3g

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:

http://www.youtube.com/watch?v=kn93BS44Das

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:

http://www.geckosystems.com/markets/CareBot.php

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:

https://www.linkedin.com/in/r-martin-spencer-mba-580b2a11

Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/

Safe Harbor:

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.

SOURCE: GeckoSystems Intl. Corp.

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