Welcome!

.NET Authors: Nitin Bandugula, Srinivasan Sundara Rajan, Pat Romanski, Bob Gourley, Michael Jannery

News Feed Item

GeckoSystems, a Mobile Robot Company, Updates 1300+ Shareholders

CONYERS, Ga., Feb. 15, 2013 /PRNewswire/ -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) would like to update our investor community as to the activities we have been engaged in during the past year and anticipate this year. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."

Marketing – a priority in 2012 and 2013

Last year, 2012, was a very busy year for GeckoSystems and we are excited about this new year! The improved confidence in the US economy along with our ability to successfully demonstrate our proprietary software on the CareBot™ and the SafePath™ wheelchair has increased the level of inquiries and joint venture discussions.

We are most excited about our continued activities in Japan.  We have opened a small marketing office in that country with a representative working on joint ventures for GeckoSystems. He has arranged for a demonstration of our BaseBot™, "Lou," at ZMP for a Japanese manufacturing company. This demonstration is scheduled to take place next week.

Additionally, we have retained Mountain Marketing, Inc. in Denver, CO to assist in our U.S. marketing efforts. They update our website routinely and are working on a new site with better navigation and access to our technical discussions. We hope to engage the disabled community and provide additional dealer and manufacturer information on the site.  GeckoSystems welcomes OEM inquires about migrating SafePath navigation to existing vehicles and mobile products.

Mountain Marketing is also doing business-to-business marketing of SafePath Enabled power wheelchair technology.  GeckoSystems believes that SafePath technology will expand the market for power wheelchairs 50% to 200% and is in discussions with domestic wheelchair manufacturers as the result of Mountain Marketing's efforts.

"I'm passionate about getting SafePath Enabled power wheelchairs on the market.  Every day lost is a day of enhanced safety and mobility denied to tens of thousands of disabled in the U.S. alone," commented Paula Nelson, President, Mountain Marketing, Inc.

A discussion of the need for SafePath Enabled power wheelchairs and illustrations of what the final product will look like can be found in this report:

http://www.geckosystems.com/downloads/SafePath_Need_and_Benefits.pdf

Demonstration videos of the first migration of SafePath navigation to a power wheelchair can be viewed here:

http://www.geckosystems.com/markets/wheelchair.php

Technology Developments in 2012

Technology development progressed nicely this past year.  GeckoConfigEd and GeckoVerify were developed as a result of what was learned in migrating GeckoNav, GeckoSuper, GeckoImager, and GeckoMotorController to a locomotion system (a power wheelchair) not of the Company's design. GeckoVerify was developed to ease and facilitate the debugging of communications between multiple proprietary GeckoSystems AI software savants. GeckoConfigEd is a user-friendly program that is used to readily configure the nearly one hundred tuning parameters used by GeckoNav, the basic component of SafePath. 

GeckoSystems' Current Share Structure

The company regrets that our OTC classification has been downgraded to "Stop" sign. While this gives the indication we are not active in our business activities to support all shareholders that is far from the reality. Since our focus has been on securing joint ventures and marketing, we simply have not had the time or financial means to update our Company filings and information on OTC.

However, we want to inform all shareholders of our current share structure since it was last reported June 30, 2012.

As of February 15, 2013:

http://www.geckosystems.com/investors/Investor_Information_Feb_15.php

Litigation

In November we secured a Temporary Protective Order in Georgia against Neil Wallace. To date we have not been able to convert that TPO to a Permanent Protection Order, due to inter state personal jurisdiction requirements, not the validity of the need for the PPO. We continue to work on that matter and will keep the shareholders updated.  In addition, we are still engaged in litigation with Mr. Wallace and his parents in Delaware. GeckoSystems has a very competent DE attorney who is working diligently regarding these legal issues.

"To all our stakeholders, I am personally very appreciative of your long time support. We have worked over 15 years in developing our "mobile robot solutions for safety, security, and service" and we continue to believe that our "family first" orientation has enabled us to survive the economic storms of the last few years. We resolutely continue our journey due to our desire to enable families to have a safer, less time stressed, and more cost effective means of caring for their loved ones. Our suite of AI robot technologies is very real, cost effective, and can be used to SafePath Enable mobile platforms not of our design or manufacture. We have several ongoing joint venture discussions consisting of one in Europe, four in the US, and two in Japan. Of course these discussions are sensitive and all parties are under non-disclosure agreements. Our prospects for near term revenues have never been brighter than what they are at present.  So while I sincerely regret that we are not Current Information in our filings, we believe our limited resources are better focused on achieving revenues such that our 1300+ stockholder may enjoy the ROI they deserve," stated Martin Spencer, President, GeckoSystems Intl. Corp.

About GeckoSystems:

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.

In a recent Research and Markets report:

"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."  http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark

GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B.  With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, 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.

An overview of GeckoSystems' progress and accomplishments 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(tm) Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g

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 will result in a significant cost reduction.

Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das

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.  GeckoSystems is "Current Information." http://www.otcmarkets.com/stock/GOSY/quote

Here is a "basher free" message board devoted to GOSY:
http://investorshangout.com/board/62282/Geckosystems+Intl+Co-GOSY

Here is Spencer's LinkedIn profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580

Telephone:
Main number: 1-866-CAREBOT (227-3268)
International: +1 678-413-9236
Fax: +1 678-413-9247
Website:  http://www.geckosystems.com/
Source: GeckoSystems Intl. Corp.

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.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...