GeckoSystems Featured as One of Five Key Vendors in Mobile Robotics Market
ACCESS Newswire
CONYERS, GA / ACCESSWIRE / January 30, 2015 / GeckoSystems Intl. Corp. (OTC Pink: GOSY) (GOSY) announced today that an internationally renowned market research firm, Research and Markets, has again named GeckoSystems as one of the key market players in the mobile robotics industry. For over seventeen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(TM)."
The report covers the present scenario and the growth prospects of the Global Mobile Robotics market for the period 2015-2019. Research and Markets stated in their report, that they: "…forecast the Global Mobile Robotics market to grow at a CAGR of 12.63 percent over the period 2014-2019."
The report has been prepared based on an in-depth market analysis with inputs from industry experts and covers the Americas, the APAC, and the EMEA regions. The report also discusses the Global Mobile Robotics market landscape and its growth prospects in the coming years.
Research and Markets lists the following as the key vendors operating in this market:
Key Vendors
- Adept Technology - GeckoSystems - Honda Motor - iRobot - KUKA
"GeckoSystems has been recognized by Research and Markets for several years now and it is the most comprehensive report of the global mobile robotics industry that I am aware of. I am pleased that their experienced market researchers are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well, or better, as much larger, multi-billion dollar corporations such as Nissan, Honda, iRobot, Sony, and Toyota."
"It is an honor that they recognize the value of the over 100 man-years we have invested in our proprietary Intellectual Properties and my full time work for nearly 20 years now. Our suite of AI mobile robot solutions is well tested, portable, and extensible. It is a reality that we could partner with any other company on that list and provide them with high-level autonomy for collision free navigation at the lowest possible cost to manufacture. There is also an opportunity for other cost reductions and enhancement of functionality with other components of our AI solutions," stated Martin Spencer, CEO, GeckoSystems International Corporation.
Subsequent to Mr. Spencer's trip to Japan last December, another multi-billion dollar Japanese corporation, that is not international, has submitted a request for quote (RFQ) for 25 CareBot(tm)-"J's" for beta test trials in Japan. The J version of the CareBot retains all the benefits and features of the US version, but with Japanese language voice recognition/synthesis and a shroud style appropriate for the Japanese culture. So while the company continues in its discussions and negotiations with the companies visited last December, this new, very significant RFQ is now being addressed.
In the US, GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare social mobile robots in 2016 to be $74.0B, in 2017 to be $77B, in 2018 to be $80B, in 2019 to be $83.3B, and in 2020 to be $86.6B. With market penetrations of 0.03% in 2016, 0.06% in 2017, 0.22% in 2018, 0.53% in 2019, and 0.81% in 2020, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"I am also pleased that as the Mobile Robotics industry begins to offer real products to eager markets our capabilities are being recognized. Forward thinking companies are looking to early entry into these markets and Nissan is an excellent example of this type sort of company. My recent meeting with leading roboticists at Nissan's Mobility Services Laboratory, which is responsible for Nissan's autonomous car R&D in Japan, clarified Nissan's goals and capabilities and I am confident that they are complimentary with our own. We recently moved up to Limited Information status on OTC Markets. While I regret our time as No Information, our financials are now available for that time period. We remain very committed to providing our 1300+ stockholders the ROI they deserve," concluded Spencer.
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold 1000's of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
GeckoSystems has been developing innovative artificial intelligence robotic technologies for over seventeen years. It is CEO Martin Spencer's dream to make people's lives better through AI mobile robot systems technology.
GeckoSystems is also looking for U.S. and international partners in the DME market to create a commercial medical telepresence robot and market the SafePath(tm) wheelchair. The need for a better wheelchair is discussed here:
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.
