Investors: Press Release
Major Intl. German Mfg. Seeks Discussions With U.S. Mobile Robot Co.
CONYERS, GA, Jun 30, 2009 (MARKETWIRE via COMTEX) -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today that a major, multi-billion dollar German manufacturer has extended an important request to GeckoSystems to meet with their senior management at their corporate headquarters in Conyers, GA. GeckoSystems is a dynamic leader in the emerging Mobile Service Robot industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service™."
Martin Spencer, President/CEO of GeckoSystems stated: "As all of us here at GeckoSystems are excited about this development, due to the nature of the upcoming discussions I feel it is in the best interest of all parties involved to withhold the name of the German company at this time. They are a global Fortune 500 corporation and a leading manufacturer of automotive technology products, industrial technology, power tools, security solutions and household appliances with gross international sales in excess of $46B annually. The upcoming meeting and the potential outcome(s) of it is due to not only our flagship product, the automatic self navigation software, GeckoNav™, but also the reality that we have a complete multitasking personal robot, the CareBot™, with verbal interaction capabilities, GeckoChat™, and the ability to routinely follow a designated family member with GeckoTrak™."
Europeans have their own eldercare crisis. The cost benefits of GeckoSystems' suite of mobile robot technologies will generate multiple revenue streams for GeckoSystems in the form of licensing, royalties, training, and sales of various hardware systems and subsystems.
"During our upcoming discussions we will be making strategic decisions as to what they will be licensing and/or purchasing from us and what we will be purchasing from them and/or their qualified suppliers. We expect the synergies in our cooperation to result in extensive distribution into the European market and significant cost reductions in the systems and subsystems we will be importing from low cost labor regions in Eastern Europe. As one would expect, manufacture and distribution in the European markets will enable a better ROI for our stockholders," concluded Martin Spencer.
The GeckoSystems' business model is very much like that of an automobile manufacturer. Due to the final assembly, test, and shipping being done based on geographic and logistical realities, each business relationship can range from private labeling to joint manufacturing and/or distribution to licensing only.