GeckoSystems' Japanese JV Securing $1,000,000 for Eldercare Companion Robot R&D

GeckoSystems has proprietary mobile robot self-navigation technologies that provide human quick AI sense/avoid of unmapped obstacles for safe auto-following, errand running, patrolling, etc.

CONYERS, Ga., April 28, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that the company is partnering with IC Corp. Ltd. (ICCL), in their submission to the Japanese government for a $1,000,000 grant to adapt GeckoSystems' AI mobile robot solutions to the Japanese market place. 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 ICCL (http://www.ic-corp.jp/) and their insistence we meet them as soon as is prudent in Japan to sign the JV agreement," commented Martin Spencer, CEO, GeckoSystems Intl. Corp.

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 recent article further underscores Japan's commitment to eldercare capable, 'welfare' robots: "Japan govt to urge nursing care robot development" http://tinyurl.com/oehxdba

"We are very much looking forward to meet with Mr. Spencer and discuss the large Japanese market for 'welfare robots,'" stated Mr. Takashi Nabeta, CEO, ICCL.

GeckoSystems has already done primary market research, focus group market research, and the most extensive in home personal robot trials in the world.

Due to GeckoSystems' world's first in home personal mobile robot trials that have been conducted and documented, management is confident they have the "right stuff" to be very synergistic with ICCL, as does ICCL, in readily satisfying the Japanese government's requirements for an eldercare capable mobile robot R&D grant.

GeckoSystems' world's first in home trials began in 2009:

In Home Elder Care Robot Trials Begin
Elder Care Robot Trials Begun
GeckoSystems' Elder Care Robot Trials, Week One
Grandma Reacts to GeckoSystems' Elder Care Robot Trials
Grandma Interacts During GeckoSystems' Elder Care Robot Trials
Robot Safety Applauded During GeckoSystems' Elder Care Robot Trials
GeckoSystems' Elder Care Robot Trials Reveal Grandma's Hearing Loss

Continued into 2010:

GeckoSystems' Elder Care Robot Trials Resume After Holiday Break
GeckoSystems' Elder Care Robot Trials Revealing Unexpected Family Benefits
GeckoSystems Employs Sensor Fusion in Elder Care Robot Trials
GeckoSystems Discusses Expansion and Duration of Elder Care Robot Trials
GeckoSystems' Develops New GeckoScheduler(tm) for Elder Care Robot Trials
GeckoSystems' Representative Comments on Japanese Interest in Elder Care Robot Trials
GeckoSystems' Elder Care Robot Trials Result in More Japanese Interest
GeckoSystems Improves Elder Care Robot Trials
GeckoSystems Advances Technologies Due to Elder Care Robot Trials
GeckoSystems Improves AI Savant Management Due to Elder Care Robot Trials
GeckoSystems Cost Reduces Sensor Fusion GeckoSPIO(tm) Due to Elder Care Robot Trials
GeckoSystems Releases World's First Elder Care Robot Trial Videos
GeckoSystems' CEO Updates Stockholders on Progress Due to Elder Care Robot Trials
GeckoSystems Improves CareBot(tm) Due to Elder Care Robot Trials
GeckoSystems' Elder Care Robot Trials' Caregiver Praises New GeckoScheduler(tm)
GeckoSystems' Elder Care Robot Trial Caregiver Shares New Insights
GeckoSystems' Elder Care Robot Trial Caregiver "Looks in" on Mother While Shopping
GeckoSystems Improves Sensor Fusion Due to Elder Care Robot Trials
GeckoSystems Advances Artificial Intelligence Due to Elder Care Robot Trials
GeckoSystems Reduces Sensor Fusion Costs Due to Elder Care Robot Trials
GeckoSystems' Sensor Fusion Breakthrough Lowers Personal Robot Costs

The benefit of a companion robot capable of safely running errands and/or automatically following the care receiver requires real time sense and avoid of moving and/or unmapped obstacles. This is a functional necessity for a sufficient value proposition for ready adoption and sales. This linchpin requirement is why ICCL is jointly submitting with GeckoSystems.

GeckoSystems developed their SafePath(tm) AI mobile robot navigation technologies some years ago to address those very important requirements for any mobile robot to be truly utilitarian (convenient like a home appliance), while being cost effective, with their breakthrough AI mobile robot technology, GeckoNav(tm).

Prior to this agreement to form a JV to jointly migrate GeckoSystems AI mobile robot self-driving solutions to the Japanese marketplace, ICCL signed an NDA with GeckoSystems that includes this necessary Safety Clause:
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Both parties understand and agree with the general concerns that mobile robot solutions may be used to lethally harm persons, other living things, property, and a country's infrastructure if terrorists, criminals, or other private or public enemies of peace, security, and tranquility were to secure access to and/or use of them. Therefore 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 due to that reality and potential.
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GeckoSystems has been acknowledged routinely by an internationally recognized market research firm one or more time in each of the last five years and being anywhere from the top one in three to the top one in eight in the world in service robotics.
2015: GeckoSystems Featured as One of Five Key Vendors in Mobile Robotics Market
2014: GeckoSystems Featured as One of Six Key Market Players in Mobile Robotics Industry
2013: GeckoSystems, an AI Mobile Robot Company, Receives 1 of 3 Recognition
2012: GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry

While GeckoSystems' AI mobile robot solutions have been largely unnoticed in the US, many ongoing negotiations continue in Japan and Europe due to the company's AI mobile robot solutions robust utility and portability to virtually any and all forms of mobile robots whether air, land, or sea. That includes drones, self-driving cars, and essentially all mobility systems requiring complete safety from hitting any obstacles in those situations in which the reflexes of a highly skilled and experienced jet fighter pilot could readily evade.

Spencer will be traveling to Japan on May 20th and expects to return early to mid June in order to have sufficient time to meet with present JV partners, support ICCL, and meet with potential new licensees, such as the Japanese trading company earlier mentioned. Initially this trip was scheduled for March, but due to an unfortunate accident, their long time Japanese representative was incapacitated. Concurrently, ICCL secured a three times larger facility to better support the joint venture, but the relocation of their office and laboratories also delayed the previously scheduled March meetings.

"During these unforeseen delays, due to the continued hard work of two of our Japanese representatives, Mssrs. Fujii Katsuji and Tsunenori Kato, CEO, Ifoo Company Limited, we have again achieved demonstrable progress securing viable licensing agreements in Japan. This latest, one of several being negotiated, is particularly significant due to the breadth, depth and heritage of this nearly 100 year old Japanese trading company," stated Spencer.

Both companies are certain that their advanced mobile service robot will contribute to Japan's rapidly aging society by helping seniors live safer and easier and will be recognized by the Japanese reviewers by their approval of this $1,000,000 grant submission.

Recently, a premier Japanese government trade organization has expressed interest in assisting GeckoSystems exporting to the Japanese market. A near term meeting in Atlanta, Georgia is being scheduled to learn their probable level of assistance.

"Certainly, on both sides of the Pacific, we are doing as much as is prudent and/or feasible to maximize the benefit of the monetary costs and time in going to Japan. This new JV continues to progress robustly, such that GeckoSystems will enjoy additional licensing revenues that will enable us to further increase shareholder value. It is very satisfying to make this announcement substantiating our continued growth and reassure all our stockholders, both present and future, that our OTC Markets reporting status will soon return to Current Information. After many years of patience by our current 1300+ stockholders, they can continue to be completely confident that the present management will update them routinely and to work to maximize their investments in GeckoSystems, whether by organic growth or being acquired at a rewarding premium," concluded Spencer.

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