Investors: Press Release
GeckoSystems Reveals Eldercare Capable Personal Robot Sales Forecasts
CONYERS, Ga., May 18, 2009 /PRNewswire via COMTEX/ -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today their eldercare capable personal robot sales forecasts for the years 2010 to 2014. GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service™."
"We have always been a market driven company. At the time of our founding, nearly twelve years ago, we did extensive primary market research to determine the demographic profile of the early adopters of our then proposed CareBot(tm) MSR product. Subsequent to, and based on that original market research, we have assembled numerous focus groups to evaluate the benefit of our CareBots' design goals into the participant's lives and their expected usage. We have also frequently employed the Delphi market research methodology. We used factual, statistically valid data of internally performed primary and secondary market research, and third party research by reputable organizations such as the U.S. Census Bureau, MetLife, ABI Research, Strategy Analytics, the United Nations, et al. While our forecasts may seem optimistic, their magnitude does explain the formidable international competition we face from Japan, South Korea, France, Germany and the U.S. For example, the Japanese government has granted over $100M in R&D funding for the successful development of eldercare home robots amongst their leading international manufacturers in the last ten years," elaborated Martin Spencer, President/CEO.
"We project the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2010 to be $74.0B, in 2011 to be $77B, in 2012 to be $80B, in 2013 to be $83.3B, and in 2014 to be $86.6B. With market penetrations of 0.03% in 2010, 0.06% in 2011, 0.22% in 2012, 0.53% in 2013, and 0.81% in 2014, we will anticipate sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. We expect these sales despite -- and perhaps because of -- the present recession due to pent up demand for significant cost reduction in eldercare expenses," concluded Spencer.