GeckoSystems to Sign Joint Venture Agreement with Premier Japanese Robotics Co.
Invitation to Japan next month from company’s CEO
CONYERS, GA / ACCESSWIRE / January 15, 2016 / GeckoSystems Intl. Corp. (OTC: GOSY) announced that its CEO, Martin Spencer, has been invited by the CEO of a prominent Japanese robotics company to meet for the purpose of signing a joint venture agreement. For over eighteen years GeckoSystems has dedicated itself to development of “AI Mobile Robot Solutions for Safety, Security and Service(tm).”
“I am pleased to report that due to the continued hard work of one of our Japanese representatives, Mr. Fujii Katsuji, we have again achieved demonstrable progress securing viable joint ventures in Japan. This latest, one of several joint ventures being entertained, is particularly significant due to the breadth and depth of the robotics expertise of this company and their insistence we meet them next month in Japan to sign the JV agreement,” commented Spencer.
Late last year, GeckoSystems had their white paper on Worst Case Execution (reflex or reaction) Time sufficient for mobile service robots’ safe usage proximate to humans, translated into Japanese. Mr. Katsuji has been presenting that seminal discussion to many Japanese robotics companies.
That paper explains the importance of GeckoSystems’ breakthrough, proprietary, and exclusive AI software and why this top Japanese robotics company desires to enter a contractual joint venture relationship with GeckoSystems.
“Through this new agreement, we will enjoy additional licensing revenues that will enable us to further increase shareholder value,” concluded Spencer.
More about GeckoSystems’ proprietary SafePath AI technologies:
Due to the quickness of GeckoSystems’ WCET, nearly all forms of all vehicles can achieve the ability to real time sense and avoid of moving, and/or unforeseen (unmapped) obstacles. Those organizations and firms that do not have videos portraying that their robotic vehicles’ (drones, driverless cars, self driving cars, etc.) abilities to timely sense and avoid moving obstacles, simply cannot do so, as GeckoSystems can: http://t.co/NqqM22TbKN
All mobile robotic vehicles are therefore unsafe for human usage unless the AI “driver” is jet fighter pilot reflex quick and not “drugged, distracted, or lacking good enough vision” to be allowed to drive in public, people congested areas.
As a result of GeckoSystems worldwide preeminence in this essential WCET parameter, for several years running now, GeckoSystems has been identified many times as one of the top five to top ten mobile service robot companies in the world. Several internationally renowned market research firms, such as Research and Markets, have named GeckoSystems as one of the key market players in the mobile robotics industry.
Recent third party market research:
Robotic systems are looked at as the future assistants that are designed to help people to do what they want to do in a natural and spontaneous manner. Moreover, with the emergence of ubiquitous computing and communication environments, robots will be able to call upon an unlimited knowledge base and coordinate their activities with other devices and systems. Additionally, the growing spread of ubiquitous computing will lead to robot technologies being embedded into ubiquitous ICT networks to become human agents of physical actions, enhancing and extending the physical capabilities and senses.
The report focuses on giving a detailed view of the complete service robotics industry with regards to the professional and personal applications as well as the geography market. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type along with the qualitative analysis; such as Porter’s Five Force analysis, market time-line analysis, industry breakdown analysis, and value chain analysis. The global service robotics market is estimated to reach up to $19.41 billion by 2020 growing at a CAGR of 21.5% from 2014 to 2020.
Worldwide Service Robot Market 2018 Analysis & Forecasts Report
The report recognizes the following companies as the key players in the Global Service Robot Market: GeckoSystems Intl. Corp., Honda Motor Co. Ltd., iRobot Corp. and Toyota Motor Corp.
From Forbes:
Investors Take Note, The Next Big Thing Will Be Robots
BusinessInsider makes some key points:
* The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift toward new consumer and office applications. There will be a $1.5 billion market for consumer and business robots by 2019.
* The market for consumer and office robots will grow at a CAGR of 17% between 2014 and 2019, seven times faster than the market for manufacturing robots.
Note: BusinessInsider.com ‘s forecasts do not include pent up demand for family care social robots anywhere in the world.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies for over eighteen 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(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 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.
CareBot has 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:
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
Here is a stock message board devoted to GOSY recommended by us:
http://investorshangout.com/board/62282/Geckosystems+Intl+Co-GOSY
GeckoSystems uses LinkedIn and Twitter as its primary social media site for investor updates.
Spencer’s LinkedIn.com profile
Spencer tweets as @GrandpaRobot
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.
ReleaseID: 435646
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