GeckoSystems Named One of Eight Key Market Players in

New Post Public Reply Private Reply Replies (0) Message Board

Mar 13, 2013 at 8:19 AM

[b]GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry[/b]

CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, [b]Research and Markets, recently deemed GeckoSystems to be [u]one of eight key market players[/u] in the service robotics industry.[/b] For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.

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), [b]GeckoSystems (U.S.)[/b], and Yujin Robot (South Korea)."

http://www.researchandmarkets.com/publication...otics_mark

"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.

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."

GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.

"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.

"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."

About Research and Markets:

Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets

Guinness Centre,

Taylors Lane,

Dublin 8,

Ireland.

http://www.researchandmarkets.com/

http://geckosystems.com/investors/press_relea...botics.php

GeckoSystems Intl. Corp. (GOSY) Stock Research Links

GOSY Board Company Profile Buy Rating Time & Sales News Filings Financials

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

The Sift: Slickdeals’ Game-Changing Black Friday Tool

Revolutionizing Black Friday Planning Off we go, diving headfirst into the chaotic whirlpool that is Black Friday shopping. Slickdeals seems to think they’ve got the golden ticket with The Sift, and I can't say they're wrong. Instead of the traditional paper ad scans we've been sifting through since the dawn of time, The Sift brings all announced deals into one...

Home Selling in Henderson County: Tips from Experts

An Insider's View on Selling Homes in Henderson County Ace up, folks—selling a home isn't child's play. Courtney Robertson, a seasoned real estate expert, lays out the bare truth about what sellers need to know when putting their property on the market in Henderson County, Texas. This isn’t just about slapping on paint and praying for buyers. Nope, there's a lot more...

Green Methanol: A $20.11B Market by 2032 Excites

The Green Methanol Boom Folks, the money's about to get greener—greener methanol, that is. We’re talking about a market that’s set to explode from a humble $3.46 billion in 2026 to a jaw-dropping $20.11 billion by 2032. With a hefty CAGR of 34.1%, it seems like investors might want to buckle up for a bullish ride in this eco-friendly venture. Why Green Methanol?...

College Towns Spark Entrepreneurial Booms Across US

Entrepreneurial Sparks Fly in Unlikely Places Turns out, it's not just the Silicon Valleys of the world creating startups—sometimes it's the coffee-driven college town where innovation quietly roots itself. GoDaddy's inaugural list of America's Most Entrepreneurial College Towns decimates the old idea that only big cities can be entrepreneurial havens. Instead, eight...

SKE Invigorates IRONWORKS London's Music Vibe With E-Cigs

Bringing SKE's Flair to London's Music Scene Well, folks, hold onto your hats—SKE's thrown its weight behind IRONWORKS London, extending its reach deeper into the UK's electronic music scene. This ain't just another gig; we're talking about the second time SKE is flexing its sponsorship muscles in the UK music arena, officially angling for the vape category spotlight....

Gastops and Bell: A New Era in Aerospace Collaboration

Gastops and Bell Seal a Forward-Looking Deal Who would've thought Gastops and Bell, two juggernauts in their respective fields, would link arms to drive the aerospace game forward in Canada? That's right, a Memorandum of Understanding (MOU) was inked between these titans at the 2026 Canadian Aerospace Summit, paving the way for collaboration on future programs. This isn't...

Sale Shifts Gregg Young Chevrolet to New Owners

Dealership Transition: A New Chapter in Marshalltown Get this—Gregg Young Chevrolet in Marshalltown, Iowa, is changing hands. This isn't some overnight affair; we're talking about a dealership that's been around and has history in the state. The keys are being passed from the Gregg Young Automotive Group to Alan Reuber and Matthew Barrows, under the stewardship of North...

Vivek Ramaswamy's Executive Orders: A Bold Move

It appears Vivek Ramaswamy is gearing up to clear the decks and bring a wave of changes to Ohio as soon as he grabs the governor's chair. With a first-day agenda packed tighter than a can of sardines, Ramaswamy plans to drop seven executive orders like they're hot. The guy announced his Day One priorities, giving us a real taste of what Ohio might be in for starting...

Investigations Target PAG, BRBS, PSNL for Fair Shareholder Deals

Unpacking the Shareholder's Dilemma in Major Transactions Alright, folks, let's dig into this mess with our favorite Wall Street magnifying glass. We've got Penske Automotive Group (NYSE: PAG), Blue Ridge Bankshares (NYSE: BRBS), and Personalis, Inc. (NASDAQ: PSNL) under the spotlight, each locking themselves into deals that might not exactly scream 'fair play' for the...

Trade Cases on Pizza Box Imports Set Industry Ablaze

U.S. Takes Stand Against Unfair Import Practices Who knew pizza boxes could stir up such a fuss, huh? Well, here we are. The U.S. International Trade Commission (ITC) has sided with American pizza box manufacturers, waving the flag against those sneaky imports from China, Malaysia, and Turkey. According to the ITC, these imports are causing some real headaches for the...