...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 Google Inc., etc.
CONYERS, Ga., September 13, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.GeckoSystems.com) announced today that 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. For over nineteen years, GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
The report covers the present scenario and the growth prospects of the Global Service Robotics market for the period 2015-2020. Research and Markets stated in their report, that: "The global service robotics market is in the exponential growth phase. It is expected to grow from USD 6.97 Billion in 2014 to USD 18.02 Billion by 2020 at a CAGR of 17.36% between 2015 and 2020. The market is driven by factors such as ageing population, 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, and other smart products and appliances."
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, Service Robotics Market - Analysis & Forecast to 2020
Research and Markets selected these major players in this market:
Intuitive Surgical (U.S.),
iRobot Corporation (U.S.),
Google Inc. (U.S.),
KUKA AG (Germany),
Adept Technology, Inc. (U.S.),
GeckoSystems Intl. Corp. (U.S.),
Northrop Grumman Corporation (U.S.),
ECA Group (France),
and Kongsberg Maritime (Norway).
"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 Google Inc., etc.
"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," commented 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.
"Since we work always in the best interests of our 1300+ shareholders, in addition to the several joint ventures ongoing, we are engaged in more than one acquisition negotiation that portends to exceed those we have declined in the last year or so. Hopefully, next week will bring greater clarity to the probability of this acquisition negotiation rewarding our shareholders the ROI they deserve. Meanwhile, they can continue to be confident that we expect to be signing more multi-million-dollar licensing agreements to further substantiate and delineate the reality that GeckoSystems that the internationally respected Research and Markets has market research insights not known by most of the investor community such that GeckoSystems will enjoy additional licensing revenues to further increase shareholder value," concluded Spencer.
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold ‘000s 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.
Research and Markets
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.
In order for any companion robot to be utilitarian for family care, it must be a "three legged milk stool."
(1) Human quick reflex time to avoid moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) 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 of the care receiver is uninterrupted.
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
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
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.