CEO's Trip to Japan to be
Pivotal.
CONYERS, GA -- April 26, 2016 -- InvestorsHub NewsWire
-- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced that the
licensing agreements to be negotiated while the CEO is in Japan
late next month will generate over $25,000,000 in licensing
revenues. For over eighteen years GeckoSystems has dedicated itself
to development of "AI Mobile Robot Solutions for Safety, Security
and Service(tm)."
Meetings with ifoo, ZMP, iXs, Fubright, IC, and others are
scheduled to discuss plans to achieve Japanese market licensing
revenue forecasts within five years.
GeckoSystems has been dogged in their pursuit of sustainable,
win-win relationships with Japanese companies. The company is very
appreciative of the many years of dedicated hard work by Mssrs.
Hajime Yasumatsu and Fujii Katsuji for identifying and developing
contractual relationships (including, but not limited to, non
disclosure agreements) with these Japanese firms:
Company Name: Month Year NDA signed.
ifoo Co., Ltd.: October 2010
Imasen Engineering Corp.: April 2011
Hokuyo Automatic Co., Ltd.: September 2011
ZMP Company Ltd: October 2011
Alta Management Corp.: October 2011
Cosmic M. E. Inc.: March 2013
iXs Research Corp.: April 2013
Doog Corp.: November 2013
Jetta Company Ltd.: August 2014
Fubright Communications, Ltd.: April 2015
IC Corp.: December 2015
Initially this trip was scheduled for March, but due to an
unfortunate accident, their long time Japanese representative was
incapacitated. Concurrently, IC Corp. (http://www.ic-corp.jp/) secured a three times larger
facility to better support their joint venture with GeckoSystems,
but the relocation of their office and laboratories also delayed
the previously scheduled March meetings. GeckoSystems' CEO was
invited by the CEO of this prominent Japanese robotics company to
meet for the purpose of signing a licensing agreement.
Mr. Katsuji identified and contacted IC Corp. while looking for
technologists with the appropriate education, skills and experience
to assist Fubright Communications, Ltd. and the company in
migrating its automatic self-navigation mobile robot software,
GeckoNav(tm), to SoftBank Robotics' Pepper robot such that it would
have cost effective, utilitarian mobility and be less of a novelty
and more practical in its benefits and value proposition.
At this time, there are approximately 2,200,000 million Japanese
over 65 living alone. Their greatest fear is to die alone and that
their demise not be known to others for a few days. For this reason
and many others, the Japanese government pays 90% of the cost of
personal robots used for eldercare such that concern would be well
addressed. Further, the Japanese government is paying 75% of the
R&D costs to develop robotic healthcare solutions for greater
productivity to provide more economic care giving for their
extraordinarily large senior population.
This new partner is unsure of the mass appeal of the Pepper
robot with its present value proposition and wishes to investigate
other, proximate market opportunities. They believe there is a
significant, near term market in Japan for eldercare robots and
want to explore all scenarios including, but not limited to, the
Pepper robot as stated by Mr. Takashi Nabeta, CEO, IC Corp. "We are
very much looking forward to meet with Mr. Spencer and discuss the
large Japanese market for 'welfare robots.'"
In addition to IC Corp., Mr. Katsuji has identified another
significant potential partner. They are particularly noteworthy due
to the breath and depth of this nearly 100 year old trading company
and their interest in manufacturing companion robots, like the
CareBot, in Japan. After the company's NDA is signed off and a
meeting has been scheduled, the company may be identified if they
agree.
GeckoSystems has already begun the technology transfer of its
proprietary AI mobile robot tech with the GeckoMotorController(tm)
(GMC) to IC Corp. (The company's seventh generation GMC uses a
proprietary self-adaptive constant energy paradigm to achieve
extraordinarily smooth acceleration and deceleration of the
company's mobile service robots. A jerky and/or seeming
unpredictable moving robot can be both distracting and disturbing
for people or animals that observe or interact with them.)
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.
Mssrs. Katsuji and Kato have been presenting that seminal
discussion to many Japanese companies with very favorable responses
from now two different companies.
That paper explains the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why this
top Japanese robotics company, and now a Japanese trading company,
desire to license GeckoSystems' AI mobile robot solutions.
In order to understand the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why this
major defense contractor desires a proposal from GeckoSystems, its
important 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 a 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.
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. This is the
fundamental reason this major defense contractor wishes to have a
proposal submitted from GeckoSystems. Not only can their land-based
vehicles be safer and more autonomous (nearly no emergency human
intervention), but also all forms of drones including boats,
aircraft, undersea vehicles, and more.
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.
"Now that the NDA with Imasen Engineering Corp. has expired, we
can reveal that after we performed in successfully upgrading one of
their power wheelchairs to our SafePath(tm) level of automatic
collision avoidance, https://youtu.be/f7T8nuUKUm4 , they
breached their contract with us by refusing to move forward,
despite our have performed as committed. Prudently, we have honored
our NDA with Imasen, despite their failure to perform. This is not
the only time we have had this regrettable experience, but we feel
more confident this is unlikely to occur in the future due to the
integrity of the companies we are presently working with," stated
Martin Spencer, CEO, GeckoSystems.
Due to the sophistication, experience and stature of this
premier robotics company and trading company, they are no doubt
cognizant that the Japanese government is funding eldercare
specific robotics R&D with grants at the rate of 75%. Further,
Japan's national health insurance pays 90% of the monthly cost of
eldercare capable companion robots such as the Pepper from SoftBank
Robotics, or a CareBot(tm) adapted to the Japanese marketplace.
"We have been and continue to be extraordinarily tenacious in
our marketing activities. We have a double-edged sword in that
artificial intelligence is an emerging technology presently working
to gain traction in very large, but skeptical markets. Nonetheless,
we remain confident that our 15+ years and $8M+ in investments will
bear fruit for our 1300+ shareholders. Through these new
agreements, 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:
Service Robotics Market (Professional and Personal), by
Application (Defense, Agriculture, Medical, Domestic &
Entertainment), & by Geography -Analysis Forecast (2014 -
2020)
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 Porters 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.
Global Service Robot Market 2014-2018: Key Vendors are
GeckoSystem, Honda Motor, iRobot and Toyota Motor
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
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.
Keywords:
UAV's, AGV's, driverless cars, self driving cars, personal
assistance robots, autonomous robots, fully autonomous robots,
assistive robots, social robots, co-robots, mobile service
robots
