Marketing Progress from GOSY's Press Release: Ma

We continue to work with Roy Daya, the CEO of our joint venture in Israel, regarding Daya Robotics and the need for health care robots in Israel. Since securing that joint venture, we have been contacted by two well-known international firms regarding licensing our technology and/or engaging in a joint venture. Due to the sensitivity and confidentiality of those discussions, at this time we cannot reveal the identities of these two highly regarded robot manufacturers.

Another 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.

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."

Continuing: "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." 
http://www.marketresearch.com/Infiniti-Resear...s-7821638/

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...otics_mark

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."

"We are pleased that the experienced analysts 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.