Investors: Press Release
GeckoSystems Announces Dealer Program for Elder Care Robot Sales
CONYERS, Ga., June 30, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that they are now soliciting retail dealers for their first product, an elder care capable personal assistant robot, the CareBot™.
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™".
"In the last few months, as a result of our on going in home elder care robot trials, we have received numerous inquiries as to the criteria we will be using to select continental U.S. retailers to sell our CareBots. We will be qualifying our resellers, both domestic and international, very carefully due to our strategy of using limited distribution, much like that of the automotive industry. They will enjoy satisfying and sufficient margins to compensate for the high level of service they will be expected to provide all their CareBot customers. As long as they attain our mutually agreed upon annual sales quota and customer satisfaction criteria, they will be able to maintain their geographic exclusive and the profits they deserve for their diligent efforts in the sales and service of this new home appliance," announced Martin Spencer, President/CEO, GeckoSystems Intl. Corp.
GeckoSystems' CareBot dealers will be selling a new type of modern eldercare that will postpone, if not eliminate, many elderly persons from having to endure the loneliness and loss of independence due to leaving their own homes and living in nursing homes and other assisted living facilities. Their families can now better manage the difficult decisions regarding independence they allow their now dependent aged parent while minimizing the concern and risk the adult care giving child is willing to assume to enable an acceptable level of independence and consequent risk (to the care giver) for their now dependent parent.
"For the last several years, the US eldercare crisis is commonly portrayed as 'not happening' until the baby boomers reach the age of great reliance on their children and younger family members. The truth of the matter is that we really don't have solid statistics for our true 'bottom line' annual US eldercare costs. Many middle class baby boomers are presently suffering significant financial, time and emotional pressures attempting to care for their surviving WWII and Korean War era parents," observed Spencer.
The scope of the US consumer market for truly utilitarian, cost effective personal robots is enormous. In the January 2007 issue of "Scientific American," Bill Gates, co-founder and chairman of Microsoft, the world's largest software company, authored "A Robot in Every Home" with discussions as to why he expects that reality sooner than later. There are 110+ million homes in the US.
"We project the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2011 to be $74.0B, in 2012 to be $77B, in 2013 to be $80B, in 2014 to be $83.3B, and in 2015 to be $86.6B. With market penetrations of 0.03% in 2011, 0.06% in 2012, 0.22% in 2013, 0.53% in 2014, and 0.81% in 2015, we will anticipate CareBot sales, from this consumer market segment at wholesale pricing of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively.
"At retail, these forecasts grow to $35.5M, $71.1M, $284.3M, $711.2M, and $1,137.8M respectively with only 71, 95, 227, 356, and 371 stores retailing CareBots in those same years. Hence the recent interest of a major international consumer electronics retailer as discussed in our press release on April 9th of this year,
'GeckoSystems in Negotiations with Major Intl. Retailer to Sell Personal Robots' (http://www.geckosystems.com/investors/press_releases/20100409_retailer.php)," reflected Spencer.
"Due to our limited distribution retail sales strategy, we expect we will have far more prospective dealers applying to become authorized CareBot dealers than would be prudent for us to enlist. We will have the opportunity to be very selective in choosing those best qualified to provide the high level of customer care that all our customers expect and deserve. Our ongoing elder care robot trials continue to reveal to us unexpected benefits for the family and heighten our confidence that our 1300+ stockholders will enjoy the ROI they deserve," concluded Spencer.
GeckoSystems' Online Videos:
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
"The two videos identified here are excellent examples of our advanced GeckoSavant™ software architecture's robustness and ease of extensibility. In these new videos, you can see from two perspectives: one onboard the CareBot and another simultaneously off board. These demonstrable improvements were made in the last few weeks. The GeckoSuper™ orchestrates GeckoNav™ and GeckoTrak™ to invoke the emergent beneficial behavior of following an elderly person around their home as they go about their daily routines," observed Mark Peele, Vice President, R&D, GeckoSystems.
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/