A GOSY licensing agreement PR: GeckoSystems and
Post# of 2217
Posted On: 07/14/2015 10:20:17 AM
A GOSY licensing agreement PR:
GeckoSystems and Fubright Agree on Software Licensing Terms for SoftBank's Pepper Robot
CONYERS, GA / ACCESSWIRE / July 14, 2015 / GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that the company has reached mutually acceptable licensing terms with Fubright Communications Co. Ltd. for use of their GeckoNav(tm) self guidance mobile robot software on SoftBank Robotics' personal robots to all Pepper users in Japan. Fubright is the recent winner of SoftBank's Pepper robot software contest over several dozen other entrants with their Ninnin app for elderly dementia care.
"The now agreed upon licensing schedule sets the royalty stream to GeckoSystems. It is nearly an order magnitude greater than what Microsoft receives from OEM's per PC. It differs in that it is on an annual, per year basis to fit SoftBank's pricing strategy in Japan," stated Martin Spencer, CEO, GeckoSystems.
As a long time Japanese agent of GeckoSystems, Mr. Katsuji Fujii is credited with these successful negotiations with Fubright.
Fubright won SoftBank's Pepper robot software contest against several dozens of competitors late last year with an app known as Ninnin Pepper. Ninnin allows the Pepper robot to assist in waking up dementia patients and take their scheduled medicines on time. Pepper also reports to a doctor via Internet if the patient did not consume their pills. On a daily basis, the robot communicates with the patient by asking about their family to stimulate memory and the touch screen tablet on its chest has the capability to send and receive pictures and messages from a family member. ("Japanese humanoid robot called Pepper gets its own app"
Recently, Fubright witnessed a live demonstration in Japan of GeckoNav and received training from another Japanese partner of GeckoSystems, iXs Research, in its operation. GeckoNav is portable and very little R&D will be required to migrate and integrate the Company's flagship real time sense and avoid self-driving artificial intelligence (AI) software to the Pepper robot that enables errand running, etc. with a "loose crowd" level of autonomy.
No other AI mobile robot company in Asia, the US, or Europe is known to have mobile robot solutions with this level of automatic self-guidance with dynamic obstacle avoidance movement that is "jet fighter pilot" capable in complex, fluid environments. Those that suggest they do have this capability require tens of thousands of dollars of computer and sensory systems hardware to achieve what the Company does for a few hundred. GeckoSystems was founded over 15 years ago and over $8,000,000 has been spent to develop their low cost, breakthrough, proprietary AI technology. The company developed their SafePath(tm) AI mobile robot navigation technologies to address those very important linchpin requirements for any mobile robot to be truly utilitarian (convenient like a home appliance), while being cost effective for a compelling value proposition.
Perhaps most noteworthy is SoftBank's Pepper robot critical need for more application software to improve its value proposition, as discussed here: "Pepper is Getting Ready":
"When we talk about the profitability of domestic robots, however, experience tells us that, at the moment, the robots which are profitable are not those which “can do a lot of different things” but those which do one thing and do it well. With the SoftBank business model Pepper can be bought for a more reasonable price than a domestic humanoid robot has ever had, but for Pepper to find its place in the home it will have to show that it is different and will have to demonstrate how its unique ability to recognize emotions from human gestures and tones of voice will be usefully applied in the domestic sphere."
SoftBank is encouraging and seeking apps for their Pepper robot just as they seek apps for the smart phones they sell in Japan, and as Apple does for its smart phones. GeckoSystems alliance with Fubright enables greater credibility, and acceptance by Japanese users for GeckoSystems and consequently enhances sales growth and licensing revenues.
Presently the Pepper robot lacks the fundamental and necessary functionality to safely run errands and automatically follow the care receiver. Again, real time sense and avoid moving of unmapped obstacles is a functional deficiency that precludes the Pepper from fully exploiting Fubright's win of SoftBank's Pepper software contest with their "Ninnin Pepper" for aiding those challenged by dementia. This need coupled with the robustness, maturity and ease of migration of GeckoNav to the Pepper is why Fubright is partnering with GeckoSystems.
SoftBank is fully aware of the reality that the Japanese heath care insurance system decreed over a year ago that their insurance program would pay 90% of the monthly costs of providing personal mobile robots for eldercare. SoftBank has a billion dollar market opportunity to sell millions of Pepper robots in the next few years. Foxconn wishes to manufacture those millions of Pepper robots for the Japanese and Chinese markets. Alibaba wishes to distribute a Chinese version of the Pepper in China.
On June 20, SoftBank sold a month's production of Peppers, (1,000 robots) in the first few minutes of being offered online. "SoftBank sells 1,000 units of its Pepper robot in first minute of online trade" Per their July 3 press release: "SoftBank to Offer 1,000 ‘Pepper’ Units on July 31"
Fubright and GeckoSystems want to have their proprietary AI software on every Pepper sold in the world.
"Due to Fubright's preeminent position and relationship with SoftBank Robotics, it is very satisfying to make this announcement and present this analysis to all our stockholders, both present and future. As would be expected at this time, we have other ongoing negotiations. After many years of patience by our current 1300+ stockholders, they can be assured that the present management continues to work to maximize their investments in GeckoSystems whether by organic growth or being acquired at a rewarding premium," concluded Spencer.
GeckoSystems and Fubright Agree on Software Licensing Terms for SoftBank's Pepper Robot
CONYERS, GA / ACCESSWIRE / July 14, 2015 / GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that the company has reached mutually acceptable licensing terms with Fubright Communications Co. Ltd. for use of their GeckoNav(tm) self guidance mobile robot software on SoftBank Robotics' personal robots to all Pepper users in Japan. Fubright is the recent winner of SoftBank's Pepper robot software contest over several dozen other entrants with their Ninnin app for elderly dementia care.
"The now agreed upon licensing schedule sets the royalty stream to GeckoSystems. It is nearly an order magnitude greater than what Microsoft receives from OEM's per PC. It differs in that it is on an annual, per year basis to fit SoftBank's pricing strategy in Japan," stated Martin Spencer, CEO, GeckoSystems.
As a long time Japanese agent of GeckoSystems, Mr. Katsuji Fujii is credited with these successful negotiations with Fubright.
Fubright won SoftBank's Pepper robot software contest against several dozens of competitors late last year with an app known as Ninnin Pepper. Ninnin allows the Pepper robot to assist in waking up dementia patients and take their scheduled medicines on time. Pepper also reports to a doctor via Internet if the patient did not consume their pills. On a daily basis, the robot communicates with the patient by asking about their family to stimulate memory and the touch screen tablet on its chest has the capability to send and receive pictures and messages from a family member. ("Japanese humanoid robot called Pepper gets its own app"
Recently, Fubright witnessed a live demonstration in Japan of GeckoNav and received training from another Japanese partner of GeckoSystems, iXs Research, in its operation. GeckoNav is portable and very little R&D will be required to migrate and integrate the Company's flagship real time sense and avoid self-driving artificial intelligence (AI) software to the Pepper robot that enables errand running, etc. with a "loose crowd" level of autonomy.
No other AI mobile robot company in Asia, the US, or Europe is known to have mobile robot solutions with this level of automatic self-guidance with dynamic obstacle avoidance movement that is "jet fighter pilot" capable in complex, fluid environments. Those that suggest they do have this capability require tens of thousands of dollars of computer and sensory systems hardware to achieve what the Company does for a few hundred. GeckoSystems was founded over 15 years ago and over $8,000,000 has been spent to develop their low cost, breakthrough, proprietary AI technology. The company developed their SafePath(tm) AI mobile robot navigation technologies to address those very important linchpin requirements for any mobile robot to be truly utilitarian (convenient like a home appliance), while being cost effective for a compelling value proposition.
Perhaps most noteworthy is SoftBank's Pepper robot critical need for more application software to improve its value proposition, as discussed here: "Pepper is Getting Ready":
"When we talk about the profitability of domestic robots, however, experience tells us that, at the moment, the robots which are profitable are not those which “can do a lot of different things” but those which do one thing and do it well. With the SoftBank business model Pepper can be bought for a more reasonable price than a domestic humanoid robot has ever had, but for Pepper to find its place in the home it will have to show that it is different and will have to demonstrate how its unique ability to recognize emotions from human gestures and tones of voice will be usefully applied in the domestic sphere."
SoftBank is encouraging and seeking apps for their Pepper robot just as they seek apps for the smart phones they sell in Japan, and as Apple does for its smart phones. GeckoSystems alliance with Fubright enables greater credibility, and acceptance by Japanese users for GeckoSystems and consequently enhances sales growth and licensing revenues.
Presently the Pepper robot lacks the fundamental and necessary functionality to safely run errands and automatically follow the care receiver. Again, real time sense and avoid moving of unmapped obstacles is a functional deficiency that precludes the Pepper from fully exploiting Fubright's win of SoftBank's Pepper software contest with their "Ninnin Pepper" for aiding those challenged by dementia. This need coupled with the robustness, maturity and ease of migration of GeckoNav to the Pepper is why Fubright is partnering with GeckoSystems.
SoftBank is fully aware of the reality that the Japanese heath care insurance system decreed over a year ago that their insurance program would pay 90% of the monthly costs of providing personal mobile robots for eldercare. SoftBank has a billion dollar market opportunity to sell millions of Pepper robots in the next few years. Foxconn wishes to manufacture those millions of Pepper robots for the Japanese and Chinese markets. Alibaba wishes to distribute a Chinese version of the Pepper in China.
On June 20, SoftBank sold a month's production of Peppers, (1,000 robots) in the first few minutes of being offered online. "SoftBank sells 1,000 units of its Pepper robot in first minute of online trade" Per their July 3 press release: "SoftBank to Offer 1,000 ‘Pepper’ Units on July 31"
Fubright and GeckoSystems want to have their proprietary AI software on every Pepper sold in the world.
"Due to Fubright's preeminent position and relationship with SoftBank Robotics, it is very satisfying to make this announcement and present this analysis to all our stockholders, both present and future. As would be expected at this time, we have other ongoing negotiations. After many years of patience by our current 1300+ stockholders, they can be assured that the present management continues to work to maximize their investments in GeckoSystems whether by organic growth or being acquired at a rewarding premium," concluded Spencer.
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