Investors: Press Release
GeckoSystems Discussing Licensing Mobile Robot Solutions With Indian Robot Co.
CONYERS, Ga., June 14, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that an Indian robot company had expressed interest in a joint venture focused on the Indian marketplace. They would be licensing GeckoSystems' suite of mobile robot solutions for manufacture and sale into India.
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™".
"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 this new Indian company at this time. No doubt their interest is due in part to the reality of our world's first in home elder care robot trials.
"This company's senior management team is very impressive. They have not only the technical, robotics centric education and expertise, but also two of their co-founders have MBA's. Their probable interest is due to, not only our flagship technology, our proprietary automatic self-navigation software, GeckoNav™, but also the reality that we have a complete multitasking personal assistant robot, the CareBot™. Our personal assistant robot, the CareBot, has interactive and 'command and control' capabilities enabled by GeckoChat™ and GeckoScheduler™, and the ability to routinely follow a designated family member with GeckoNav™ and GeckoTrak™. This Indian company has particular interest in the joint development of a low cost, four degree of freedom (DOF) robot arm appropriate for light industrial and consumer applications, such as our CareBot™.
"GeckoSystems' increasing visibility in India and the continuing positive reaction to our innovative mobile robot solutions and products allows GeckoSystems the opportunity to become established as a significant player in India with the right partners to supply cost effective solutions for security, eldercare, manufacturing, etc. and to develop other products tailored specifically for the Indian marketplace," commented Martin Spencer, President/CEO, GeckoSystems.
GeckoSystems has projected the Pacific Rim personal robot sales forecasts in the eldercare markets for the years 2011 to 2015. For over ten years the company has had numerous market size discussions with significant international firms in China, India, Japan, South Korea, Hong Kong, and Taiwan. The company projects the available Pacific Rim market size in dollars for cost effective, utilitarian, multi-tasking personal robots suitable for eldercare in 2011 to be $22.0B; in 2012 to be $23B; in 2013 to be $24B; in 2014 to be $25B; and in 2015 to be $26B. With market penetrations of 0.009% in 2011, 0.024% in 2012, 0.077% in 2013, 0.29% in 2014, and 0.61% in 2015, we expect international sales, from these consumer markets only, of $2.0M, $5.5M, $18.5M, $72.6M, and $158.6M, respectively.
"To increase shareholder value, we have offered to this professionally managed Indian robot company to spin off a publicly traded subsidiary of GeckoSystems to all our stockholders for the Indian company's use such that they may benefit from access to US equity markets. This would be a type of stock dividend," summarized Spencer.