Infiniti Research has identified GeckoSystems as one of three key vendors, along with Honda and iRobot, in the service robotics marketplace.
CONYERS, GA, October 18, 2013 -- GeckoSystems International Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) is pleased to announce that an internationally renowned market research firm, Infiniti Research, has identified GeckoSystems as one of three key vendors, along with Honda and iRobot, in the service robotics marketplace. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."
Infiniti Research stated in their report, " Global Service Robotics Market 2012-2016," that:
"The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are GeckoSystems Intl. Corp., Honda Motor Co. Ltd., and iRobot Corp. Other vendors mentioned in the report are AB Electrolux, Bluefin Robotics Corp., Deep Ocean Engineering Inc., ECA Hytec SA, Fujitsu Ltd., International Submarine Engineering Ltd., MacArtney Group, Sony Corp., Toyota Motor Corp."
"Analysts forecast the Global Service Robotics market to grow at a CAGR of 19.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand of professional robots for medical applications. The Global Service Robotics market has also been witnessing the increase in availability of service robots on a leased basis. However, the lack of effective product differentiation could pose a challenge to the growth of this market. Global Service Robotics Market 2012-2016 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Service Robotics market landscape and its growth prospects in the coming years."
About a year ago, another internationally renowned market research firm, Research and Markets, deemed GeckoSystems to be one of eight key market players in the service robotics industry.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017)," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)." http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets, and now Infiniti Research, are sufficiently astute to accept that small mobile service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as, or better than, much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, and Toyota," reflected Martin Spencer, President/CEO, GeckoSystems Intl. Corp.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2014 to be $74.0B, in 2015 to be $77B, in 2016 to be $80B, in 2017 to be $83.3B, and in 2018 to be $86.6B. With market penetrations of 0.03% in 2014, 0.06% in 2015, 0.22% in 2016, 0.53% in 2017, and 0.81% in 2018, we anticipate CareBot(tm) sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, and Hewlett-Packard. We have demonstrated our technology to seasoned professionals and let it navigate among groups of children in schools and interact with elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath wheelchair which is in pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market estimates are extremely conservative.
"In the past calendar year we have achieved our first net profits and gained additional international recognition as an industry leader in advanced AI mobile service robot solutions. I continue to remain completely confident of our continued growth prospects and sufficient ROI to justly reward our 1300+ loyal stockholders," concluded Spencer.
About Infiniti Research:
Infiniti is a global customized market intelligence firm with offices in the US, Canada, the UK, India and China. Founded in 2003, they have the experience in conducting complex research assignments and serving 120+ Global clients including 35 Fortune 500 companies. Their team of 200+ research analysts with specialization in different sectors, conducts research on more than 50 countries (including all OECD and extended BRIC countries), and in more than 20 languages (including French, German, Mandarin, Japanese, Korean, Spanish, Portuguese and Hindi). They conduct 400+ in-depth research assignments every year. http://www.infiniti-research.com/
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold '000's of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. http://www.researchandmarkets.com/
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(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.
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. http://www.otcmarkets.com/stock/GOSY/quote
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 Spencer's LinkedIn.com profile:
Main number: +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.