Most of those concerns are addressed in the last PR.
http://www.geckosystems.com/investors/press_r...e_2012.php
Simply put - they're focusing on marketing and conserving resources by not spending the money involved to stay current on a worthless and heavily manipulated OTC.
No sales in 15 years isn't a surprise in an industry that's still developing. iRobot, Honda and Toyota haven't sold any personal service robots either.
The Service Robotics business is just getting started. The marketing stats below show that no one has a personal service robot on the retail market.
GeckoSystems is not the only company that is about to emerge from R&D.
GeckoSystems is not the only company that has been working on Service Robots for over 10 years.
GeckoSystems is the only company that I know of with two significant service robotics products for the disabled that are affordable and ready for the mass market.
GeckoSystems is the only company that I know of with truly autonomous navigation.
GeckoSystems is closer to commercialization than companies like Honda and Toyota, closer than Kompai which has gotten major funding from the EU.
In 2011, about 2.5 million service robots for personal and domestic use were sold, 15% more than in 2010. The value of sales increased by 19% to US$636 million.
Service robots for personal and domestic use are recorded separately, as their unit value is generally only a fraction of that of many types of service robots for professional use. They are also produced for a mass market with completely different pricing and marketing channels.
So far, service robots for personal and domestic use are mainly in the areas of domestic (household) robots, which include vacuum and floor cleaning, lawn-mowing robots, and entertainment and leisure robots, including toy robots, hobby systems, education and research.
Handicap assistance robots have not taken off to the anticipated degree in the past few years. In 2011 however, this market seemed to start up. 156 robots were sold, up from 46 in 2010. This is still quite a low number but the prospects are promising. A lot of national research projects in many countries concentrate on this huge future market for service robots. In contrast to the household and entertainment robots, these robots are high-tech products.
The market of robots for personal transportation as well as home security and surveillance robots will gain importance in the future.....
Sales of robots for elderly and handicap assistance will be about 4,600 units in the period of 2012-2015. This market will increase substantially within the next 20 years.
http://www.ifr.org/service-robots/statistics/" rel="nofollow" href="http://www.ifr.org/service-robots/statistics/">
http://www.ifr.org/service-robots/statistics/
I think the future estimate is low due to the fact that the SafePath wheelchair alone will sell a lot more that 4,600 units, even if GeckoSystems does a retrofit kit on its own.
It's much more likely though that a major manufacturer of wheelchairs will see the marketing potential and we will be talking about tens of thousands of SafePath wheelchairs by 2015.
This report was also written before the Japanese announced 90% coverage of robots in their health care plan.
Yes, things are about to change dramatically for GeckoSystems.
