August 18 2016 GOSY PR
GeckoSystems, an AI Robotics Co., Signs U.S. Joint Venture Agreement
CONYERS, Ga., August 18, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.GeckoSystems.com) announced today that after effectuating an NDA, MOU, and LOI agreements with this NYC AI firm, that they have now executed a joint venture agreement. For over nineteen years, GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
“We are very pleased to announce our first US JV. We will jointly coordinate our advanced Artificial Intelligence (AI) R&D to achieve higher levels of human safety and sentient verbal interaction for the professional healthcare markets. We expect not only near term licensing revenues, but also an initial AI+ CareBot(tm) sale. While we have several JV’s in Japan continuing to mature, it is gratifying to have gained demonstrable traction in the US markets.
“One of our primary software and hardware architecture design goals has been for our MSR platforms to be extensible such that obsolescence of the primary cost drivers, the mechanicals, would be as much as five or more years (or when actually worn out from use). Consequently, our hardware architecture is x86 CPU centric and all our AI savants communicate over a LAN using TCP/IP protocols with relatively simple messaging. This means all systems on the Company’s MSR’s are truly “Internet of Things” (IoT) due to each having a unique IP address for easy and reliable data communications.Because of our high level of pre-existing, linchpin, 3-legged milk stool basic functionalities that make our AI+ CareBot so desirable by being easily upgraded, not only by GeckoSystems, but also third party developers, such as this advanced NYC AI firm.
“This is the strategic hardware development path that IBM used in setting PC standards that have enabled cost effective use of complex, but upgradeable for a long service life, personal computers for over thirty years now,” observed Martin Spencer, CEO, GeckoSystems Intl. Corp.
NYC has national prominence in the AI development community. For example, NYC has twenty listed here: http://nycstartups.net/startups/artificial_intelligence Atlanta, GA, reports only one AI robotics startup, Monsieur, a leader in the automated bartending space. http://monsieur.co/company/
Artificial intelligence technologies and applications span:
Big Data, Predictive Analytics, Statistics, Mobile Robots, Social Robots, Companion Robots, Service Robotics, Drones, Self-driving Cars, Driverless Cars, Driver Assisted Cars, Internet of Things (IoT), Smart Homes, UGV’s, UAV’s, USV’s, AGV’s, Forward and/or Backward Chaining Expert Systems, Savants, AI Assistants, Sensor Fusion, Point Clouds, Worst Case Execution Time (WCET is reaction time.) Machine Learning, Chatbots, Cobots, Natural Language Processing (NLP), Subsumption, Embodiment, Emergent, Situational Awareness, Level of Autonomy, etc.
An internationally renowned market research firm, Research and Markets, has again named GeckoSystems as one of the key market players in the service robotics industry. The report covers the present scenario and the growth prospects of the Global Mobile Robotics market for the period 2015-2019. Research and Markets stated in their report, that they: "…forecast the Global Mobile Robotics market to grow at a CAGR of nearly sixteen percent over the period 2015-2019."
The report has been prepared based on an in-depth market analysis with inputs from industry experts and covers the Americas, the APAC, and the EMEA regions. The report is entitled, Global Professional Service Robotics Market 2015-2019.
Research and Markets lists the following as the key vendors operating in this market:
Companies mentioned:
AB Electrolux
Blue River Technology
Curexo Technology
Elbit Systems
GeckoSystems
Health Robotics
MAKO Surgical Corp.
“GeckoSystems has been recognized by Research and Markets for several years now and it is the most comprehensive report of the global service robotics industry to my knowledge. I am pleased that their experienced market researchers are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well, or better, as much larger, multi-billion dollar corporations such as AB Electrolux, etc., reflected Martin Spencer, CEO, GeckoSystems Intl. Corp.
Research and Markets also discusses:
Professional service robots have the tendency to work closely with humans and can be used in a wide application ranging from surveillance to underwater inspection. They provide convenience and safety, among other benefits, thus creating demand worldwide. Technavio expects the global professional service robotics market to multiply at a remarkable rate of nearly 16% during the forecast period. Today, the adoption of robots is on the rise globally as they tend to minimize manual labor and reduce the chances of human error.
In the last decade, there have been numerous technological advancements in the field of robotics that have made the adoption of robots easy, viable, and beneficial. For instance, there has been a lot of innovations and improvements in the Internet of things, automation, M2M communications, and cloud. The modern robotic manufacturers are trying to take advantage of these technologies as a communication medium between the robots and humans, thus increasing the convenience as well as the transfer of real-time information within the business entity seamlessly.
Segmentation of the professional service robotics market by application:
- Defense, rescue, safety, and aerospace application
- Field application
- Logistics application
- Healthcare application
- Others
The defense application segment was the largest contributor to the growth of the global professional service robotics market with more than 44% share of the overall shipments in 2014. The demand for UGV and UAV for surveillance and safeguarding lives of personnel from ammunition, landmines, and bombs is expected to drive the demand for robotics.
“It is an honor that they recognize the value of the over 100 man-years we have invested in our proprietary AI robotics Intellectual Properties and my full time work for nearly 20 years now. Our suite of AI mobile robot solutions is well tested, portable, and extensible. It is a reality that we could partner with any other company on that list and provide them with high-level autonomy for collision free navigation at the lowest possible cost to manufacture. There is also an opportunity for other cost reductions and enhancement of functionality with other components of our AI solutions," stated Spencer.
In order for any companion (social) robot to be utilitarian for family care, it must be like a "three-legged milk stool" for safe, routine usage. For any mobile robot to move in close proximity to humans, it must have:
(1) Human quick reflex time to avoid moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r) (See the importance of WCET discussion below.)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) for easy user dialogues and/or monologues with a sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal interaction can occur routinely with video and audio monitoring and/or teleconferences of the care receiver occur readily and are uninterrupted.
In the US, GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare social mobile robots in 2017 to be $74.0B, in 2018 to be $77B, in 2019 to be $80B, in 2020 to be $83.3B, and in 2021 to be $86.6B. With market penetrations of 0.03% in 2017, 0.06% in 2018, 0.22% in 2019, 0.53% in 2020, and 0.81% in 2021, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively.
"This first US JV will continue to evolve, such that GeckoSystems enjoys revenues that increase shareholder value. After many years of patience by our current 1300+ stockholders, they can continue to be completely confident that this new, potentially multi-million-dollar JV licensing agreement further substantiates and delineates the reality that GeckoSystems will continue to be rewarded with additional licensing revenues furthering shareholder value," concluded Spencer.
GeckoSystems, an AI Robotics Co., Signs U.S. Joint Venture Agreement
CONYERS, Ga., August 18, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.GeckoSystems.com) announced today that after effectuating an NDA, MOU, and LOI agreements with this NYC AI firm, that they have now executed a joint venture agreement. For over nineteen years, GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
“We are very pleased to announce our first US JV. We will jointly coordinate our advanced Artificial Intelligence (AI) R&D to achieve higher levels of human safety and sentient verbal interaction for the professional healthcare markets. We expect not only near term licensing revenues, but also an initial AI+ CareBot(tm) sale. While we have several JV’s in Japan continuing to mature, it is gratifying to have gained demonstrable traction in the US markets.
“One of our primary software and hardware architecture design goals has been for our MSR platforms to be extensible such that obsolescence of the primary cost drivers, the mechanicals, would be as much as five or more years (or when actually worn out from use). Consequently, our hardware architecture is x86 CPU centric and all our AI savants communicate over a LAN using TCP/IP protocols with relatively simple messaging. This means all systems on the Company’s MSR’s are truly “Internet of Things” (IoT) due to each having a unique IP address for easy and reliable data communications.Because of our high level of pre-existing, linchpin, 3-legged milk stool basic functionalities that make our AI+ CareBot so desirable by being easily upgraded, not only by GeckoSystems, but also third party developers, such as this advanced NYC AI firm.
“This is the strategic hardware development path that IBM used in setting PC standards that have enabled cost effective use of complex, but upgradeable for a long service life, personal computers for over thirty years now,” observed Martin Spencer, CEO, GeckoSystems Intl. Corp.
NYC has national prominence in the AI development community. For example, NYC has twenty listed here: http://nycstartups.net/startups/artificial_intelligence Atlanta, GA, reports only one AI robotics startup, Monsieur, a leader in the automated bartending space. http://monsieur.co/company/
Artificial intelligence technologies and applications span:
Big Data, Predictive Analytics, Statistics, Mobile Robots, Social Robots, Companion Robots, Service Robotics, Drones, Self-driving Cars, Driverless Cars, Driver Assisted Cars, Internet of Things (IoT), Smart Homes, UGV’s, UAV’s, USV’s, AGV’s, Forward and/or Backward Chaining Expert Systems, Savants, AI Assistants, Sensor Fusion, Point Clouds, Worst Case Execution Time (WCET is reaction time.) Machine Learning, Chatbots, Cobots, Natural Language Processing (NLP), Subsumption, Embodiment, Emergent, Situational Awareness, Level of Autonomy, etc.
An internationally renowned market research firm, Research and Markets, has again named GeckoSystems as one of the key market players in the service robotics industry. The report covers the present scenario and the growth prospects of the Global Mobile Robotics market for the period 2015-2019. Research and Markets stated in their report, that they: "…forecast the Global Mobile Robotics market to grow at a CAGR of nearly sixteen percent over the period 2015-2019."
The report has been prepared based on an in-depth market analysis with inputs from industry experts and covers the Americas, the APAC, and the EMEA regions. The report is entitled, Global Professional Service Robotics Market 2015-2019.
Research and Markets lists the following as the key vendors operating in this market:
Companies mentioned:
AB Electrolux
Blue River Technology
Curexo Technology
Elbit Systems
GeckoSystems
Health Robotics
MAKO Surgical Corp.
“GeckoSystems has been recognized by Research and Markets for several years now and it is the most comprehensive report of the global service robotics industry to my knowledge. I am pleased that their experienced market researchers are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well, or better, as much larger, multi-billion dollar corporations such as AB Electrolux, etc., reflected Martin Spencer, CEO, GeckoSystems Intl. Corp.
Research and Markets also discusses:
Professional service robots have the tendency to work closely with humans and can be used in a wide application ranging from surveillance to underwater inspection. They provide convenience and safety, among other benefits, thus creating demand worldwide. Technavio expects the global professional service robotics market to multiply at a remarkable rate of nearly 16% during the forecast period. Today, the adoption of robots is on the rise globally as they tend to minimize manual labor and reduce the chances of human error.
In the last decade, there have been numerous technological advancements in the field of robotics that have made the adoption of robots easy, viable, and beneficial. For instance, there has been a lot of innovations and improvements in the Internet of things, automation, M2M communications, and cloud. The modern robotic manufacturers are trying to take advantage of these technologies as a communication medium between the robots and humans, thus increasing the convenience as well as the transfer of real-time information within the business entity seamlessly.
Segmentation of the professional service robotics market by application:
- Defense, rescue, safety, and aerospace application
- Field application
- Logistics application
- Healthcare application
- Others
The defense application segment was the largest contributor to the growth of the global professional service robotics market with more than 44% share of the overall shipments in 2014. The demand for UGV and UAV for surveillance and safeguarding lives of personnel from ammunition, landmines, and bombs is expected to drive the demand for robotics.
“It is an honor that they recognize the value of the over 100 man-years we have invested in our proprietary AI robotics Intellectual Properties and my full time work for nearly 20 years now. Our suite of AI mobile robot solutions is well tested, portable, and extensible. It is a reality that we could partner with any other company on that list and provide them with high-level autonomy for collision free navigation at the lowest possible cost to manufacture. There is also an opportunity for other cost reductions and enhancement of functionality with other components of our AI solutions," stated Spencer.
In order for any companion (social) robot to be utilitarian for family care, it must be like a "three-legged milk stool" for safe, routine usage. For any mobile robot to move in close proximity to humans, it must have:
(1) Human quick reflex time to avoid moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r) (See the importance of WCET discussion below.)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) for easy user dialogues and/or monologues with a sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal interaction can occur routinely with video and audio monitoring and/or teleconferences of the care receiver occur readily and are uninterrupted.
In the US, GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare social mobile robots in 2017 to be $74.0B, in 2018 to be $77B, in 2019 to be $80B, in 2020 to be $83.3B, and in 2021 to be $86.6B. With market penetrations of 0.03% in 2017, 0.06% in 2018, 0.22% in 2019, 0.53% in 2020, and 0.81% in 2021, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively.
"This first US JV will continue to evolve, such that GeckoSystems enjoys revenues that increase shareholder value. After many years of patience by our current 1300+ stockholders, they can continue to be completely confident that this new, potentially multi-million-dollar JV licensing agreement further substantiates and delineates the reality that GeckoSystems will continue to be rewarded with additional licensing revenues furthering shareholder value," concluded Spencer.
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