Investors: Press Release
GeckoSystems' CEO Traveling to Japan to Sign $10M Robotics Joint Venture
CONYERS, GA--(February 23, 2016) - GeckoSystems Intl. Corp. (OTC: GOSY | http://www.geckosystems.com/) announced today that their CEO will be flying to Japan in mid March to consummate a joint venture with the premier Japanese robotics firm, IC-Japan. For over eighteen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
"I am pleased to report that due to the continued hard work of our longtime Japanese representative, Mr. Fujii Katsuji, we have again achieved demonstrable progress securing viable joint ventures in Japan. This latest, one of several joint ventures ongoing and/or being entertained, is particularly significant due to the breadth and depth of the robotics expertise of this company and their insistence we meet them as soon as possible in Japan to sign a JV agreement," commented Martin Spencer, CEO, GeckoSystems Intl. Corp.
Mr. Katsuji found IC-Japan while looking for technologists with the appropriate education, skills and experience to assist Fubright Communications, Ltd. and the company in migrating its automatic self-navigation mobile robot software, GeckoNav(tm), to SoftBank Robotics' Pepper robot such that it would have cost effective, utilitarian mobility and be less of a novelty and more practical in its benefits and value proposition.
At this time, there are approximately 2,200,000 million Japanese over 65 living alone. Their greatest fear is to die alone and that their demise not be known to others for a few days. For this reason and many others, the Japanese government pays 90% of the cost of personal robots used for eldercare such that concern would be well addressed. Further, the Japanese government is paying 75% of the R&D costs to develop robotic healthcare solutions for greater productivity to provide more economic care giving for their extraordinarily large senior population.
This new partner is unsure of the mass appeal of the Pepper robot with its present value proposition and wishes to address other, proximate market opportunities. They believe there is a significant, near term market in Japan for eldercare robots and want to explore all scenarios including, but not limited to, the Pepper robot as stated by Mr. Nebeta:
"We are very much looking forward to meet with Mr. Spencer and discuss the large Japanese market for 'welfare robots,'" stated Takashi Nebeta, CEO, IC-Japan.
The company has already begun the technology transfer of its proprietary AI mobile robot tech with the GeckoMotorController(tm) (GMC). (The company's seventh generation GMC uses a proprietary self-adaptive constant energy paradigm to achieve extraordinarily smooth acceleration and deceleration of the company's mobile service robots. A jerky and/or seeming unpredictable moving robot can be both distracting and disturbing for people or animals that observe or interact with them.)
Late last year, GeckoSystems had their white paper on Worst Case Execution (reflex or reaction) Time sufficient for mobile service robots' safe usage proximate to humans, translated into Japanese. Mr. Katsuji has been presented that seminal discussion to several Japanese robotics companies such as IC-Japan. That paper explains the relevance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why this premier Japanese robotics company desires to enter a contractual joint venture relationship with GeckoSystems.
"Given the speed with which this latest JV partner prospect signed our Safety Clause NDA, executed four LOI's, and requested AI tech transfer, we are all the more convinced of their understanding of complex robotics systems and the markets before us. Certainly, on both sides of the Pacific, we are doing as much as is prudent and/or feasible to maximize the benefit of the monetary costs and time in going to Japan that resulted in postponing my trip from February to March. This new, multi-million dollar JV agreement delineates the reality that GeckoSystems will enjoy additional licensing revenues that will enable us to further increase shareholder value," concluded Spencer.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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