CONYERS, GA -- January 20, 2016 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink Sheets:
GOSY | http://www.GeckoSystems.com)
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 service robotics industry. Now coming
up on its twentieth anniversary, GeckoSystems continues to dedicate
itself to development of "AI Mobile Robot Solutions for Safety,
Security and Service(tm)."
This most recent 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 nearly sixteen percent over the period 2015-2019."
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 is entitled, Service
Robotics Market - Global Forecast to 2022. http://www.researchandmarkets.com/publication/m6886ay/4031223
GeckoSystems has been recognized by Research and Markets for
several years now and it is the most comprehensive report of the
global service robotics industry to my knowledge. At no time have
we solicited inclusion in their report, nor compensated any person
and/or firm directly or indirectly for our first tier ranking by
this prestigious, international market research firm. Consequently,
I am very pleased that their experienced market researchers are
sufficiently astute to accept that small service robotics firms,
such as GeckoSystems, can nonetheless develop advanced technologies
and products as well, or better, as much larger, multi-billion
dollar corporations such as Northrop Grumman, Honda, etc., stated
Martin Spencer, CEO, GeckoSystems Intl. Corp.
This research report categorizes the global service robotics
market on the basis of operating environment, application, and
region. The report describes market dynamics that include key
drivers, restraints, challenges, and opportunities with respect to
service robotics market and forecast the same till 2022. The
Porter's Five Forces Analysis has also been included in the report
with a description of each of its forces and its respective impact
on the service robotics market.
The prominent players profiled in this report with their
respective market rank analysis. are:
Northrop Grumman Corporation (U.S.),
KUKA AG (Germany),
iRobot Corporation (U.S.),
Kongsberg Maritime AS (Norway),
DJI (China),
Intuitive Surgical, Inc. (U.S.),
Parrot SA (France),
GeckoSystems Intl. Corporation (U.S.),
Honda Motor Co. Ltd. (Japan),
Adept Technology, Inc. (U.S.),
Bluefin Robotics- now wholly owned subsidiary of General
Dynamics Mission Systems, Inc. (U.S.),
ECA Group (France),
Aethon Inc. (U.S.),
DeLaval International AB (Sweden),
and Lely Holding S.a.r.l. (Netherlands).
GeckoSystems has been developing advanced AI and mobile robotics
systems for almost twenty years now. The original founders had a
vision of a robot that would move about under software control and
be utilitarian for many users. At that time, there was not much
interest in robotics among the general public or industry. These
founders were true visionaries and now the world is ready for what
they foresaw twenty years ago.
It took nearly five years and two different teams of engineers
to develop AI with sufficient situation awareness and the invention
of numerous proprietary algorithms and paradigms to achieve loose
crowd level of mobile autonomy (GeckoNav(tm)). This was the most
difficult to develop and the company is the proudest of this
breakthrough, especially knowing that most robotic companies
world-wide have not been able to do such.
AI augmented sensor fusion was invented with the
CompoundedSensorArray(tm) over a ten-year time period. The CSA was
a precursor to depth cameras and enabled the easy adaption of depth
cameras to the Companys AI software and IoT (Internet of Things)
hardware robotics architecture. Most of the Companys competitors
are still seeking that Level 5 of mobile autonomy (including most
automakers developing self-driving cars).
It then took another three years to develop a verbal interface
with voice recognition, NLP, and voice synthesis that not only
could be readily modified and customized (GeckoChat(tm)), but also
had a sense of date and time (GeckoScheduler(tm)).
Once those AI savants were stable, it was realized that unless
the mobile robot was routinely proximate automatically-- (or
instinctively like a pet cat or dog that follows one from room to
room), that routine, utilitarian verbal interaction in a fixed
location was only a toy due to not infrequently being in the wrong
room at the wrong time. That set of sensor fusion upgrades resulted
in GeckoTrak(tm).
Throughout the Companys lengthy AI robotics R&D, the worlds
first in home trials of a personal robot were conducted
periodically. As a result of those trials, many important insights
were revealed as to the need to educate the potential markets about
the ROI probable from mobile service robots. For the last five
years, the company has been focused on cost reduction and education
since their technologies are mature, the manufacturability is
understood, and the markets appropriate are simply huge. Bill Gates
is on record that the mobile service robot industry has an emerging
trillion-dollar market. The Company is very pleased that the
markets are now catching up with the need for its advanced,
proprietary AI robotics technologies.
Detailed discussions of each of these technologies can be found
on the Companys website: http://www.geckosystems.com
Research and Markets also discusses:
Professional service robots have the tendency to work closely
with humans and can be used in a wide application ranging from
surveillance to underwater inspection. They provide convenience and
safety, among other benefits, thus creating demand worldwide.
Technavio expects the global professional service robotics market
to multiply at a remarkable rate of nearly 16% during the forecast
period. Today, the adoption of robots is on the rise globally as
they tend to minimize manual labor and reduce the chances of human
error.
In the last decade, there have been numerous technological
advancements in the field of robotics that have made the adoption
of robots easy, viable, and beneficial. For instance, there has
been a lot of innovations and improvements in the Internet of
things (IoT), automation, M2M communications, and the Cloud. The
modern robotics manufacturers are trying to take advantage of these
technologies as a communication medium between the robots and
humans, thus increasing the convenience as well as the transfer of
real-time information within the business entity seamlessly.
"Global service robotics market expected to grow at a
significant rate"
The increasing usage of robots across warehouse automation
applications, medical & healthcare sectors, and education &
research institutes and short- to medium-term payback period are
some of the major factors driving the growth of the service
robotics market worldwide. However, the growth of the market is
expected to be hindered by high costs required for R&D,
performance in untested environment and lack of high-level
interfacing.
"Ground-based service robots held the largest market share in
2015"
Ground-based service robots are currently most widely used
across various applications, including logistics, medical, field
robotics, milking robots, domestic tasks, and education and
entertainment. The growing usage of AGVs and other service robots
for automating the warehouses is key driving factor for the growth
of service robots across logistics application vertical. However,
among various end-user applications of ground-based service robots,
the market for inspection and maintenance service robots is
estimated to grow at highest growth rate during the forecasted
period.
"Europe and North America to hold the major markets for service
robots"
The European region currently holds the major share of the
global service robotics market and is among the most favorable
market for many leading service robotic systems' manufacturers,
especially for professional service robots. The European region is
expected to witness a steady demand for service robots from several
applications such as defense, rescue and security, and domestic
tasks such as vacuum cleaners during the forecast period despite
the political uncertainties in the Eastern European region.
Furthermore, strong demand from logistics, telepresence, and
inspection and maintenance robots sectors is expected to be the key
driver for the growth of European service robotics market
This past year, the Company has continued to gain traction in
the domestic and international markets. Last spring a BaseBot(tm)
sale to a Japanese joint venture resulted in net profits for that
quarter. A JV with a NYC AI firm was established to address
advanced AI hurdles. An MOU was executed with a well-established EU
commercial security firm. And, further cost reductions were
identified for the computer and sensor systems.
It is an honor that Research and Markets recognizes the value of
the over 100 man-years we have invested in our proprietary AI
robotics Intellectual Properties and my full-time work for nearly
20 years. 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
further cost reductions and enhancement of functionality with other
components of our AI solutions," summarized Spencer.
In the US, GeckoSystems projects the available market size in
dollars for cost effective, utilitarian, multitasking eldercare
social mobile robots in 2018 to be $74.0B, in 2019 to be $77B, in
2020 to be $80B, in 2021 to be $83.3B, and in 2022 to be $86.6B.
With market penetrations of 0.03% in 2018, 0.06% in 2019, 0.22% in
2020, 0.53% in 2021, and 0.81% in 2022, 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(tm).
We continue to have numerous new joint venture and/or licensing
discussions in the EU and US. I am also pleased that as the Service
Robotics industry begins to offer real products to eager markets
our capabilities are being recognized as first tier. Due to our
continued progress with our domestic, EU and Japanese JVs, we
remain completely committed to providing our 1300+ shareholders the
ROI they deserve. We expect to report net profit after taxes for
our year ending June 30. Our long-time shareholders can continue to
be confident that we expect to be signing numerous
multi-million-dollar licensing agreements to further substantiate
and delineate the reality that GeckoSystems will soon enjoy
additional licensing revenues to further increase shareholder
value," concluded Spencer.
About Research and Markets:
Research and Markets is the leading source for international
market research and market data. They hold 000s 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.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies
for nineteen years. It is CEO Martin Spencer's dream to make
people's lives better through AI robotic technologies.
The safety requirement for human quick WCET reflex time in all
forms of mobile robots:
In order to understand the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why
another Japanese robotics company desires a business relationship
with GeckoSystems, its key to acknowledge some basic realities for
all forms of automatic, non-human intervention, vehicular
locomotion and steering.
1. Laws of Physics such as Conservation of Energy, inertia, and
momentum, limit a vehicles ability to stop or maneuver. If, for
instance, a cars braking system design cannot generate enough
friction for a given road surface to stop the car in 100 feet after
brake application, thats a real limitation. If a car cannot corner
at more than .9g due to a combination of suspension design and road
conditions, that, also, is reality. Regardless how talented a
NASCAR driver may be, if his race car is inadequate, hes not going
to win races.
2. At the same time, if a car driver (or pilot) is tired,
drugged, distracted, etc. their reflex time becomes too slow to
react in a timely fashion to unexpected direction changes of moving
obstacles, or the sudden appearance of fixed obstacles. Many car
"accidents" result from drunk driving due to reflex time and/or
judgment impairment. Average reflex time takes between 150 &
300ms. http://tinyurl.com/nsrx75n
3. In robotic systems, "human reflex time" is known as Worst
Case Execution Time (WCET). Historically, in computer systems
engineering, WCET of a computational task is the maximum length of
time the task could take to execute on a specific hardware
platform. In big data, this is the time to load up the data to be
processed, processed, and then outputted into useful distillations,
summaries, or common sense insights. GeckoSystems' basic AI
self-guidance navigation system processes 147 megabytes of data per
second using low cost, Commercial Off The Shelf (COTS) Single Board
Computers (SBC's).
4. Highly trained and skilled jet fighter pilots have a reflex
time (WCET) of less than 120ms. Their "eye to hand" coordination
time is a fundamental criterion for them to be successful jet
fighter pilots. The same holds true for all high performance forms
of transportation that are sufficiently pushing the limits of the
Laws of Physics to require the quickest possible reaction time for
safe human control and/or usage.
5. GeckoSystems' WCET is less than 100ms, or as quick, or
quicker than most gifted jet fighter pilots, NASCAR race car
drivers, etc. while using low cost COTS and SBC's
6. In mobile robotic guidance systems, WCET has 3 fundamental
components.
a. Sufficient Field of View (FOV) with appropriate granularity,
accuracy, and update rate.
b. Rapid processing of that contextual data such that common
sense responses are generated.
c. Timely physical execution of those common sense
responses.
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In order for any companion robot to be utilitarian for family
care, it must be a "three-legged milk stool."
(1) Human quick reflex time to avoid moving and/or unmapped
obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) with a sense of date and
time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx),
and
(3) Ability to automatically find and follow designated parties
(GeckoTrak(tm): http://tinyurl.com/mton9uh) such
that verbal interaction can occur routinely with video and audio
monitoring of the care receiver is uninterrupted.
An earlier third party verification of GeckoSystems AI centric,
human quick sense and avoidance of moving and/or unmapped obstacles
by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN
An overview of GeckoSystems' progress containing over 700
pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
These videos illustrate the development of the technology that
makes GeckoSystems a world leader in Service Robotics development.
Early CareBot prototypes were slower and frequently pivoted in
order to avoid a static or dynamic obstacle; later prototypes
avoided obstacles without pivoting. Current CareBots avoid
obstacles with a graceful bicycle smooth motion. The latest videos
also depict the CareBot's ability to automatically go faster or
slower depending on the amount of clutter (number of obstacles)
within its field of view. This is especially important when
avoiding moving obstacles in loose crowd situations like a mall or
an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous
YouTube videos. The most popular of which are the ones showing
room-to-room automatic self-navigation of the CareBot through
narrow doorways and a hallway of an old 1954 home. You will see the
CareBot slow down when going through the doorways because of their
narrow width and then speed up as it goes across the relatively
open kitchen area. There are also videos of the SafePath(tm)
wheelchair, which is a migration of the CareBot AI centric
navigation system to a standard power wheelchair, and recently
developed cost effective depth cameras were used in this recent
configuration. SafePath(tm) navigation is now available to OEM
licensees and these videos show the versatility of GeckoSystems'
fully autonomous navigation solution.
GeckoSystems, Star Wars Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
The company has successfully completed an Alpha trial of its
CareBot personal assistance robot for the elderly. It was tested in
a home care setting and received enthusiastic support from both
caregivers and care receivers. The company believes that the
CareBot will increase the safety and well being of its elderly
charges while decreasing stress on the caregiver and the
family.
GeckoSystems is preparing for Beta testing of the CareBot prior
to full-scale production and marketing. CareBot has recently
incorporated Microsoft Kinect depth cameras that result in a
significant cost reduction.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
Above, the CareBot demonstrates static and dynamic obstacle
avoidance as it backs in and out of a narrow and cluttered alley.
There is no joystick control or programmed path; movements are
smoother that those achieved using a joystick control. GeckoNav
creates three low levels of obstacle avoidance: reactive,
proactive, and contemplative. Subsumptive AI behavior within
GeckoNav enables the CareBot to reach its target destination after
engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC)
markets under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote
GeckoSystems uses http://www.LinkedIn.com as its
primary social media site for investor updates. Here is Spencer's
LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Source: GeckoSystems Intl. Corp.
Safe Harbor:
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.