Investors: Press Release
GeckoSystems Responds to Major Defense Contractor's RFQ for Mobile Robot Purchase
CONYERS, Ga., Sept. 9, 2009 (MARKETWIRE via COMTEX) -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that a major, international defense contractor with over eighty years of serving the needs of our military, has submitted a request for quote (RFQ) for a CareBot™. In doing so, this prestigious defense contractor demonstrated substantive interest in assessing the fit of GeckoSystems' suite of mobile robot solutions into present and future "unmanned systems" either in their present production or on their drawing board. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service™."
Martin Spencer, President/CEO of GeckoSystems stated: "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 this notable defense company at this time. However, we are certainly pleased with the background and experience of their program manager that contacted us and expressed demonstrable interest in assisting us in securing government contracts congruent with their strategic interests."
"The receipt of this RFQ is something that has been in the works for several years and is now coming to what could be an extraordinarily profitable culmination. I believe their interest in us is due to not only our flagship product, the automatic self-navigation software, GeckoNav™, but also the reality that we are world leaders in developing low cost sensor fusion systems appropriate for unmanned systems, such as GeckoOrient™, our CompoundedSensorArray™, etc."
"The cost saving benefits for this, and other defense contractors, of GeckoSystems' suite of mobile robot technologies will generate multiple revenue streams for GeckoSystems in the form of licensing, royalties, training, etc. "I expect the synergies in our cooperation to result in distribution into the domestic and international defense markets. As one would expect, increased licensing fees and reoccurring revenue streams will enable a better ROI for our stockholders," observed Spencer.
"At the time of the founding of GeckoSystems in 1997, typical personal computer CPU clock speeds were only a few hundred megahertz as compared to the much, much faster PC's today with multi-gigahertz CPU's. Consequently we focused our software development on new and innovative software paradigms using low clock CPU's that are considered today to be suitable only for netbooks, etc. Demonstrably we succeeded with the creation of GeckoNav™," recalled Spencer.
GeckoNav is written in C++ and runs in Windows 95, 98SE, 2000, and XP. GeckoNav achieves situational awareness regarding static and/or dynamic obstacles in its path and updates every 15-20 milliseconds. Situational awareness is the environmental understanding resulting from blended sensor systems (such as listening and seeing) and the common sense implications of those combined perceptions.
"Most jet fighter pilots have reflex times of 220-235 milliseconds from the time they see an obstacle to the time they react by moving the jet's joystick to avoid that incoming air to air missile or looming mountain top. When we began testing the update rate on GeckoNav we were very pleasantly surprised to learn how quickly our 'AI navigation engine' responds to torrents of incoming data streams processed by our proprietary software algorithms.
"To illustrate the significance of this extraordinary capability, Tom Cruise's role in the movie 'Top Gun' comes to mind. He was not only a top gun amongst fighter pilots, but his character was also very competent at riding motorcycles and restored Porsche Speedsters. Hence our strongly held belief that given our extraordinarily efficient and very robust AI navigation engine, and its portability, we expect GeckoNav to also be important in other large markets such as professional healthcare, commercial security, public safety, and agriculture, in addition to the defense marketplace. Our basebot technologies, such as GeckoNav, are not only relevant for consumer markets, but also several other very significant business-to-business markets for improved ROI for our investors," concluded 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 distribution to licensing only.