Investors: Press Release
GeckoSystems Applauds $21B Service Robotics 2014 Forecast by MarketsandMarkets
CONYERS, Ga., July 8, 2010 -- GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- announced today that the international market research firm, Markets and Markets, has recently forecasted $21 billion in annual sales for the global service robotics market by end of 2014.
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™".
"We can expect to see significant growth opportunities for researchers and manufacturers as the demand for professional service robots increases with the rising cost of labor in developed countries; while the market for personal service robots will grow due to the increasing need for assisted living. However, concerns about human safety and about the current inability of robots to work efficiently in unstructured environments still form major growth challenges for the service robotics industry," notes MarketsandMarkets (M&M).
"Clearly, given the foregoing perception of international market research firms such as M&M, GeckoSystems has "first mover" advantage due to having solved many of the issues and concerns involving human safety and mobile service robots (MSRs) working efficiently with no human control or intervention in dynamic, unstructured environments. Our on going world's first in home elder care robot trials gives substance to the cost effective benefit of our suite of enabling mobile service robot solutions," reflected Martin Spencer, President/CEO, GeckoSystems.
Service robots can be used to provide domestic aid for the elderly and disabled; serving various functions ranging from cleaning to entertainment to remote monitoring. The high cost of labor in developed countries and the increasing need for assisted living has led to the development of the service robotics market. As service robots are in greater proximity to humans, the technology involves more safety concerns over human-machine interaction. However, developments in the manufacture of intelligent and safer robots by GeckoSystems address the issues of safety, manipulation, and sensing. Thus, GeckoSystems is well prepared for the day when every home will have a robot.
M&M's report, "Global Service Robotics Market" Worth U.S. $21 Billion by 2014 may be found at: http://blog.taragana.com/pr/marketsandmarkets-global-service-robotics-market-worth-us-21-billion-by-2014-17635/ and http://www.marketsandmarkets.com/Market-Reports/service-robotics-technologies-and-global-market-80.html
"It goes without saying that when an internationally renowned market research firm, independently confirms our own forecasts as to the magnitude of the emerging service robotics industry, that we derive some degree of satisfaction that our own internal forecasts continue to be modest in their projections. The unfolding boom in service robotics worldwide and our "first mover" position will hasten the day our stockholders enjoy the ROI they expect and deserve," concluded Spencer.
About MarketsandMarkets:
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. They publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, telecommunications and IT.
The Global Service Robotics Report provides in-depth market estimates and forecast for the following global service robotics market: Professional service robots, Personal service robots, Field robots, Inspection and Maintenance robots, Construction and Demolition robots, Logistic system robots, Medical robots, Defense, Security and Surveillance robots, underwater robots, Domestic robots, Entertainment robots, Handicap assistance robots and Home Security/Surveillance robots. More information is at: http://www.researchandmarkets.com/product/f94033/global_service_robotics_market
To learn more about them and their reports, please visit their website, http://www.marketsandmarkets.com/