Investors: Press Release
GeckoSystems' Elder Care Robot Trials Increase Japanese Interest
CONYERS, Ga., June 8, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that their Japanese representative, Hajime Yasumatsu, has reported recently regarding his new initiatives for GeckoSystems with additional Japanese firms. This is in addition to the previously announced discussions with Japan's National Institute of Information and Communications Technology (NICT), the Japanese Export Trade Organization (JETRO) and a major Japanese mobile service robot developer, tmsuk Company, Ltd.
GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with their "Mobile Robot Solutions for Safety, Security, and Service™".
"I am pleased to report that a very large Japanese telephone company, a large international medical electronics company, and a significant Chinese communications company in Silicon Valley have all expressed sincere interest in investigating strategic relationships with GeckoSystems. They are very focused on cost effective health care delivery using a Medical Internet Cloud that could use a personal assistant robot such as the CareBot™ for remote monitoring.
"The president of tmsuk has invited the CEO of GeckoSystems to visit their advanced R&D laboratory in Tokyo, Japan. We are now negotiating having that meeting sooner in Honolulu, HI, or San Francisco, CA," commented Hajime Yasumatsu, Chairman, Yasu, Inc.
The Japanese have their own eldercare crisis because of the size of their WWII widow population. Due to their understanding of the high costs of sufficient and appropriate eldercare, the Japanese government has spent one hundred million dollars ($100,000,000) in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the last eight to ten years to develop personal robots for their own eldercare crisis, yet no viable solutions have been developed by them to date.
Martin Spencer, President/CEO of GeckoSystems reflected, "As we move through the four AIDA (Attention, Interest, Desire and Action) steps of consummating a sale, all of us here at GeckoSystems are excited about these developments. Due to the delicacy of these past and future discussions --with some non-disclosure agreements (NDAs) in place-- I feel it is prudent and in the best interest of all parties to not reveal the identity of all these new entities. We already have the international medical electronics company under our NDA and have examined their blood pressure and pulse rate monitors for incorporation into our mobile service robot platforms such as the CareBot and CareBotPro™ in the last year."
"In our admittedly limited experience, there have been not infrequent instances in which a large corporation's legal department riddled our NDA with loopholes and bias that would essentially preclude GeckoSystems from being capable of fully protecting its suite of Intellectual Properties (IP). For example, in the past few months a multibillion-dollar international retailer made such drastic changes in our NDA that if effectuated, for example, it could have allowed them to legally share our proprietary primary market research, strategic business plans, technologies, etc. with any and all of their "affiliates" at their sole choosing. Clearly this important first step in establishing good faith negotiations was not of concern to them. Investors should be heartened by management's unwillingness to allow any GCKO IP to enter into the public domain, especially extremely well financed potential competitors. Hence our management's position that until such time a bilateral, level playing field NDA can be executed, no meaningful, substantive discussions and/or negotiations can, or should take place.
"We also have one of the top three robot companies in China, SIASUN, under our NDA. Domestically we have firms such as Dell, Sparton, and others under our NDA. Some of these contractual agreements have been effectuated in only the last month or so and legally prohibit us from disclosing who they are or what we are discussing. The fact that they have reviewed and signed these five-year contractual agreements should give some substance to the earnestness of their desire in moving forward.
"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 have a complete multitasking personal assistant robot, the CareBot™. It has: a fully autonomous guidance system, GeckoNav™; verbal interaction capabilities via GeckoChat™; a sense of date and time derived from the GeckoScheduler™; "common sense" from the GeckoSuper™; and the ability to routinely follow a designated family member with GeckoTrak™. Many of these high level GeckoSavants™' artificial intelligence (AI) engines employ numerous sensor fusion systems for lower costs and increased reliability. GeckoSystems is a top pioneer in the field of sensor fusion technology according to a Frost & Sullivan's report: http://www.geckosystems.com/investors/
"Our on going world's first in home elder care robot trials have garnered many inquiries regarding our business model, technologies (many employing sensor fusion) available for licensing, and interest in joint domestic and international ventures. We continue to expect technology licensing revenues, primarily software, to precede revenues from product manufacturing and sales," observed Martin Spencer, President/CEO, GeckoSystems.
"The cost saving 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. I expect the synergies revealed in our confidential discussions to result in distribution into the Japanese market and enable significant cost reductions in the systems and subsystems we import from Japan. As one would expect, licensing revenues and a more competitive cost structure will increase shareholder value and ROI for our stockholders," opined Spencer.
New elder care robot trial videos may be viewed at:
Please note that the same sequence is shown from two different perspectives to carefully document the veracity of these groundbreaking, world's first elder care robot trials.
Elder Care Robot Trial Video 2, Stationary View
http://www.youtube.com/watch?v=smUNls4LJtY
Elder Care Robot Trial Video 2, CareBot™ View
http://www.youtube.com/watch?v=mEKKfo1LYCs
Legacy videos may be viewed at:
Most popular on YouTube.com:
One CareBot™ One Family
http://www.youtube.com/watch?v=xxK46chfP6A&feature=related
Over 10 CareBot Demo Videos at:
http://www.youtube.com/results?search_query=geckosystems
Over 100 CareBot Public Demo Videos at:
http://www.geckosystems.com/timeline/
About Japan's National Institute of Information and Communications Technology (NICT):
NICT is an incorporated administrative agency of the Japanese government. NICT was established to carry out research and development in the field of information and communications technology, which supports the upcoming ubiquitous network society in an integrated manner from basis to application and also provides comprehensive assistance to the public and private organizations working in this field.
The results of research and development in NICT will be utilized for the international standardization and the technical transfer to the industry, and they are also in broad activities such as the research and development mobilizing the industry and the academia in order to put the technology to practical use, the research commission to universities, companies, etc., the venture support and the advanced support for infrastructures to accelerate the business planning.
In this way, NICT, as the sole national research organization, will continue to make efforts towards realizing a vigorous society and a wealthy life by supporting the national policy as for Information and Communications from the technical side in the field of information and communications.
NICT's information in English can be found at:
http://www2.nict.go.jp/pub/whatsnew/press/h21/090511/090511_e.html
About tmsuk Co., Ltd.:
tmsuk Co., Ltd. was founded on January 4, 2000, to create a safe and comfortable society in which people and robots can coexist. They are located at 465, Eguchi, Munakata-City, Fukuoka,811-3502 JAPAN
About JETRO:
The Japan External Trade Organization (JETRO) is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. JETRO is contained within the Japanese Ministry of Trade in their executive branch of their government. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential.
"Medical Equipment: How U.S. Companies Are Positioned to Get Ahead of Two Upcoming Shifts in Japan" http://www.jetro.org/content/515
About SIASUN Robot & Automation Co., Ltd.:
The Company's major investor and sponsor is the Shenyang Institute of Automation by the Chinese Academy of Science. It is "National Robot Engineering Research Center" invested by the Nation Development Planning Commission, "National High-tech '863' Program Intellectual Robot Industrialization Base" and "National Hi-tech Research Result Industrialization Base" by the Science and Technology Ministry. It was the first enterprise to pass the international verification of ISO9001 system in Chinese Robot Industry.
About Frost & Sullivan:
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About Dell Inc.:
Dell listens to customers and delivers innovative technology and services they trust and value. Dell is a leading global systems and services company and No. 33 on the Fortune 500. For more information, visit http://www.dell.com/.