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GeckoSystems' CEO Meeting with Japanese Robotics C

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Post# of 2217
Posted On: 12/05/2014 9:51:00 AM
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Posted By: wavelength
GeckoSystems' CEO Meeting with Japanese Robotics Companies' Senior Management

CONYERS, GA / ACCESSWIRE / December 5, 2104 / GeckoSystems Intl. Corp. (OTC Pink: GOSY) announced today that their CEO, Martin Spencer, is flying to Japan later this month to discuss mobile robot joint venture opportunities. For over seventeen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(TM)".

"Due to a the confluence of several 'sea change' events impacting this emerging trillion dollar industry, our ongoing discussions with several Japanese robot companies, and the presence of one our BaseBot(TM) mobile robot prototypes in Japan, it has been deemed strategic for me to make this trip at this busy time," commented Martin Spencer, CEO, GeckoSystems.

For several years, GeckoSystems has had Japanese representation in the Pacific Rim due to the capable assistance of Mr. Hajime Yasumatsu and his associate, Mr. Katsuji Fujii. Due to their hard work, numerous discussions have been initiated and are ongoing. "Lou," one of the company's BaseBots, has been in Japan for over a year and successfully demonstrated its "loose crowd" level of mobile robot autonomy to several Japanese companies such as ZMP, iXs, etc.

There are several factors creating this confluence. Eg. given the 36% increase in the dollar's purchasing power in Japan since January of 2013, the cost of manufacturing in Japan has now fallen dramatically. The Yen is expected to continue to weaken against the dollar and this will benefit many US businesses, such as GeckoSystems.

In the last year, Intel introduced a new low power x86 single board computer (SBC), the "Edison" that sells for $50 each designed for the mobile market, the "Internet of Things," (IoT). Previously, the equivalent x86 SBC system was over $200 per system. That new reality enables a direct cost of manufacturing reduction for all the computer systems on GeckoSystems' CareBot(TM) of over 60%. The company expects their fifth generation CareBot -now in development- to have an MSRP of less than $5,000.

Last, but not least, Japanese consumers are presently being blitzed by Softbank's introduction of their personal robot, "Pepper."

"We believe that due to the convergence of events this past year in Japan and the U.S., that the timing of my meetings in Japan this month could have far reaching, strategic benefits," summarized Spencer.


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