GOSY GeckoSystems Licenses Mobile Robot Joint Vent

[b]GOSY GeckoSystems Licenses Mobile Robot Joint Venture  MacReport Media   "Press Releases"

GeckoSystems  International Corp.  (Pink Sheets: GOSY | http://www.geckosystems.com/) is pleased to announce that the company has recently concluded a joint venture licensing agreement withDaya International Ventures  and Foundations,  Israel . For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."

At this time GeckoSystems has secured revenuesof $750,000 from this Joint Venture (JV), realized as a result of this now finalized agreement.  Mr. Roy Daya, Chairman ofDayaInternational and Foundations, has extensive experience in entrepreneurship and establishing profitable technological ventures. Mr.Dayaand his management team have systematically researched all aspects of operations from the technology and development strategy to deployment, professional services, support,businessdevelopment, marketing and sales. They chose GeckoSystems technologies because of their extensibility, portability, and the overall robustness of their suite of mobile robot solutions. GeckoSystems ' technology uses a high percentage of low cost, CommercialOff TheShelf (COTS) components which will allowDayato enter the market rapidly and at a very competitive price level.

After seven months of market research and analysis,DayaInternational has identified areas where Mobile Service Robots (MSR's) can be both practical and cost effective in today's business environment. We believe that robots are more than just the promise of a brighter future; they are a practical solution for problems in the real world that need to be addressed now.

"It became clear to us that in order to be able to enter this market we needed not only cutting edge technologies, but also years of experience in robotic development. We believe we've found a true partner in GeckoSystems andit'sfounder and CEO,  Martin Spencer . GeckoSystems technology has evolved through fifteen years of hands on design experience in the real world. We feel that GeckoSystems has an extensible set of technologies that will enable us to develop state-of-the-art mobile service robot solutions with a relatively short development phase. Working with GeckoSystems will allow us to focus on functionality and the unmet needs in the market.

"We were pleased to discover the depth of GeckoSystems ' experience and the maturity of their software development. We found their MSR solutions to be significantly more complete and more stable than any other technology available on the market today.DayaInternational and GeckoSystems have createdDayaRobotics as a joint venture to bring practical and cost effective MSRs to the Israeli market in the near term --not someday, somehow. MSR technology is needed in a wide range ofproducts,they offer significant cost savings and improve the quality and reliability of many service industries whose needs are not being met by a robotics industry that currently focuses on industry and defense. We have selected the hospital and medical market as our first development project because of its high potential for cost savings and quick ROI. AsDayaRobotics grows, we will expand to additional sectors and international markets, commented Mr.Daya.

Mr. Spencer  responded, While Mr.Dayaand his staff developed theirDayaRobotics website for public viewing, we respected their desire to be in a temporary 'stealth mode.' The great thing about this first JV is that it will not only featureSafePath(tm) navigation, but it will showcase other GeckoSystems high level AI software systems and demonstrate that they are as extensible and portable as our AI centric navigation system. We are very gratified to have a demonstrably successful serial entrepreneur of Mr.Daya'scaliber and business acumen to be partnering with us in the Israeli marketplace. Mr.Daya'sfocus on healthcare is congruent with our long time focus on the need for cost effective, robot assisted,familycare."

Mr. Spencer  responded, While Mr.Dayaand his staff developed theirDayaRobotic website and the technology transfer was finalized, we respected their prudent decision not to be named in our initial press releases. We are pleased with the fact that this first JV will not only featureSafePath(tm) navigation, but it will showcase other GeckoSystems high level AI software systems. We will be able to demonstrate to the investment community --and other prospective partners-- that these systems are as extensible and portable as our AI centric navigation system. We are very gratified to have a demonstrably successful serial entrepreneur of Mr.Daya'scaliber and business acumen partnering with us in the Israeli marketplace. Mr.Daya'sfocus on healthcare is congruent with our long time focus on the need for cost effective, robot assisted,familycare."

"Mr.Dayashares our vision that the entire mobile service robot industry will soon be very significant part of our economy. I am delighted to have consummated this JV withDayaInternational and I believe our 1300+ loyal stockholders will soon be very pleased with the return on their investment," concluded Spencer.


AboutDayaRobotics:

For more information aboutDayaRobotics visit their website at: http://DayaRobotics.DayaInt.com or email them at: DayaRobotics@DayaInt.com


About GeckoSystems :

GeckoSystems has been developing innovative robotic technologies for fifteen years. It is CEO  Martin Spencer's  dream to make people's lives better through mobile service robot technology.

Recent press releases relevant to this one:

May 23, 2013 : " GeckoSystems , an  AI Mobile Robot Co. , Signs  $5M  Joint Venture Contract"

"is pleased to announce that due to a recently concluded licensing agreement, the company forecasts over  $5,000,000  in initial and ongoing licensing revenues over the 5 year duration of the joint venture contract.

GeckoSystems has now undergone a rite of passage, from Development Stage to Emerging Growth. This initial  $750,000  transaction significantly impacts GeckoSystems ' fiscal status. As corporate guidance, the company expects the income statement to reflect more than  $500,000  in profit before taxes for the fiscal year ending  June 30, 2013 . Due to the company's tax loss carry forwards, no state or federal taxes will be due. Gross margin for the year as a percentage of gross revenues will be over 70%. Return on stockholder equity will be over 40%."

http://www.geckosystems.com/investors/press_r...lar_JV.php
http://tinyurl.com/nynuvc8

May 21, 2013 : " GeckoSystems , an  AI Mobile Robot Co. , Reports First Net Profits"
http://www.geckosystems.com/investors/press_r...rofits.php
http://tinyurl.com/ketnq4c

May 19, 2013 : " GeckoSystems Forecasts AI Mobile Robot Solutions Licensing Revenues"
http://www.geckosystems.com/investors/press_r...evenue.php
http://tinyurl.com/m75kxph

May 16, 2013 : " GeckoSystems in Final Negotiations to License AI Mobile Robot Solutions"
http://www.geckosystems.com/investors/press_r...iatons.php
http://tinyurl.com/mfywwrv

May 8, 2013 : " GeckoSystems ' Negotiations for AI Mobile Robot Joint Ventures Increase"
http://www.geckosystems.com/investors/press_r...crease.php
http://tinyurl.com/mpvw585

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An overview of GeckoSystems ' progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/

These videos illustrate the development of the technology that makes GeckoSystems a world leader in Service Robotics development. EarlyCareBotprototypes were slower and frequently pivoted in order to avoid a static or dynamic obstacle; later prototypes avoided obstacles without pivoting. CurrentCareBotsavoid obstacles with a graceful bicycle smooth motion. The latest videos also depict theCareBot'sability to automatically go faster or slower depending on the amount of clutter (number of obstacles) within its field of view. This is especially important when avoiding moving obstacles in loose crowdsituationslike a mall or an exhibit area.

In addition to the timeline videos, GeckoSystems has numerous YouTube videos. The most popular of which are the ones showing room-to-room automatic self-navigation of theCareBotthrough narrow doorways and a hallway of an old 1954 home. You will see theCareBotslow down when going through the doorways because of their narrow width and then speed up as it goes across the relatively open kitchen area. There are also videos of theSafePath(tm) wheelchair, which is a migration of theCareBotAI centric navigation system to a standard power wheelchair, and recently developed cost effective depth cameras were used in this recent configuration.SafePath(tm) navigation is now available to OEM licensees and these videos show the versatility of GeckoSystems ' fully autonomous navigation solution.

GeckoSystems , Star Wars Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g

The company has successfully completed an Alpha trial of itsCareBotpersonal assistance robot for the elderly. It was tested in a home care setting and received enthusiastic support from both caregivers and care receivers. The company believes that theCareBotwill increase the safety andwell beingof its elderly charges while decreasing stress on the caregiver and the family.

GeckoSystems is preparing for Beta testing of theCareBotprior to full-scale production and marketing.CareBothas recently incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.

Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das

Above, theCareBotdemonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. There is no joystick control or programmed path; movements are smoother that those achieved using a joystick control.GeckoNavcreates three low levels ofobstacle avoidance: reactive, proactive, and contemplative.SubsumptiveAI behavior withinGeckoNavenables theCareBotto reach its target destination after engaging in obstacle avoidance.

More information on theCareBotpersonal assistance robot:
http://www.geckosystems.com/markets/CareBot.php

GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote

Here is a stock message board devoted to GOSY recommended by us:
http://investorshangout.com/board/62282/Gecko...tl+Co-GOSY

GeckoSystems uses http://www.LinkedIn.com as its primary social media site for investor updates. Here is Spencer's LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580


Telephone:
Main number: +1 678-413-9236