Conyers, GA -- August 01, 2017 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink Sheets: GOSY OTC Current| http://www.GeckoSystems.com/) announced today that
their CEO, R. Martin Spencer, has filed RICO counterclaims against
Neil T. Wallace seeking damages in excess of $47,000,000. For over
twenty years GeckoSystems has dedicated itself to development of
"AI Mobile Robot Solutions for Safety, Security and
Service(tm)."
As many, if not most, of our 1300+ shareholders know, for nearly
ten years, I have worked diligently to secure local Georgia
Superior Court jurisdiction over Mr. Neil T. Wallace and his
accomplices for their allegedly extortionate attempts to unjustly
enrich themselves. Local jurisdiction is strategic to minimize
legal costs and secure a venue most favorable for all stakeholders
in GeckoSystems, stated Martin Spencer, CEO, GeckoSystems Intl.
Corp.
A disgruntled former employee, living in Williamsburg, VA, Mr.
Wallace, has filed numerous meritless lawsuits against the CEO
and/or the company, beginning in 2007 resulting in becoming of
information and belief that his activities are focused on the
unjust enrichment of himself and his family to the detriment of all
GOSY shareholders. As a result of those activities, the CEO
recently secured Georgia law jurisdiction over Mr. Wallace due to
his filing a severely flawed defamation suit against him as
identified and countered by Strauss & Frost, LLC. Consequently,
Mr. Wallaces default judgment was set aside and a new trial was
ordered by Chief Judge David B. Irwin of the Rockdale County
Superior Court. It would seem that Mr. Wallace continues in his
attempts to corrupt due legal process by intentionally deceiving
courts and/or corrupting due legal process in concert with his
mother, Mrs. Bette R. Wallace. The counterclaims against Mr.
Wallace, and probably Ms. Wallace, seek a jury trial using Georgia
RICO statutes such that triple damages may be sought, totaling
$37,000,000, and $10,000,000 in punitive damages for a total of
$47,000,000 for all damages, not including attorneys fees.
That part of Mr. Spencer's Counterclaims reads as follows:
Allegations Regarding Punitive
Damages
Plaintiff has committed intentional
and malicious torts upon Defendant and is liable to Defendant
Plaintiff for punitive and exemplary damages. Due to the
Plaintiff's conscious intent to unjustly enrich himself, his
parents and others, those alleged racketeering activities that
enabled Plaintiff's complicit mother (Bette R. Wallace) to secure
approximately thirty percent (30%) of GeckoSystems for $1,000, that
the Plaintiff's mother later declared in Federal court to be worth
$2,400,000 that resulted in the illicit theft by deception of well
over two million dollars and would be triple damages under RICO to
be $7,200,000. However, fair market value, without the Plaintiff's
nearly ten years of racketeering should be $40,000,000. Ms.
Wallace's 30% ownership would represent damages of $12,000,000 due
to theft by deception from the Defendant perpetrated by the
Plaintiff. Tripled under GA RICO, that would be $36,000,000 in
damages to the Defendant. Punitive damages should be no less than
$10,000,000 due to the literally thousands of toxic, libelous stock
message posts and other extortionate activities by the Plaintiff.
Due to the extraordinary size of the settlement being sought,
Defendant expects a lengthy jury trial. Said Plaintiff's acts,
omissions, breaches, violations of law and tortious conduct has
damaged Defendant in that amount to be proven at trial.
Mr. Spencer filed his Counterclaims on July 21, 2017 and the
entire filing, along with all other court documents related to this
matter, can be found at: https://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=176372
Despite this longtime distraction of being on the defense in out
of state courts, now that we have local GA court jurisdiction over
Mr. Wallace, we have the wind at our back, instead of blowing in
our face. This positive news coupled with a strong commitment for
incoming funding bodes well for all shareholders in GeckoSystems,"
concluded Spencer.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies
for twenty years. It is CEO Martin Spencer's dream to make people's
lives better through AI robotic technologies.
Artificial intelligence technologies and applications span
Machine Learning, Deep Learning, Big Data, Predictive Analytics,
Statistics, Data Science, Mobile Robots, Service Robotics, Drones,
Self-driving Cars, Driverless Cars, Driver Assisted Cars, Internet
of Things (IoT), Smart Homes, Connected Homes, UGVs, UAVs, USVs,
AGVs, Forward and/or Backward Chaining Expert Systems, Savants, AI
Assistants, Sensor Fusion, Subsumption, etc.
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 Chinese 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.
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.