CONYERS, GA -- August 18, 2016 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink
Sheets: GOSY | http://www.GeckoSystems.com)
announced today that after effectuating an NDA, MOU, and LOI
agreements with this NYC AI firm, that they have now executed a
joint venture agreement. For over nineteen years, GeckoSystems has
dedicated itself to development of "AI Mobile Robot Solutions for
Safety, Security and Service(tm)."
"We are very pleased to announce our first US JV. We will
jointly coordinate our advanced Artificial Intelligence (AI)
R&D to achieve higher levels of human safety and sentient
verbal interaction for the professional healthcare markets. We
expect not only near term licensing revenues, but also an initial
AI+ CareBot(tm) sale. While we have several JVs in Japan continuing
to mature, it is gratifying to have gained demonstrable traction in
the US markets.
"One of our primary software and hardware architecture design
goals has been for our MSR platforms to be extensible such that
obsolescence of the primary cost drivers, the mechanicals, would be
as much as five or more years (or when actually worn out from use).
Consequently, our hardware architecture is x86 CPU centric and all
our AI savants communicate over a LAN using TCP/IP protocols with
relatively simple messaging. This means all systems on the Companys
MSRs are truly Internet of Things (IoT) due to each having a unique
IP address for easy and reliable data communications. Because of
our high level of pre-existing, linchpin, 3-legged milk stool basic
functionalities that make our AI+ CareBot so desirable by being
easily upgraded, not only by GeckoSystems, but also third party
developers, such as this advanced NYC AI firm.
"This is the strategic hardware development path that IBM used
in setting PC standards that have enabled cost effective use of
complex, but upgradeable for a long service life, personal
computers for over thirty years now," observed Martin Spencer, CEO,
GeckoSystems Intl. Corp.
NYC has national prominence in the AI development community. For
example, NYC has twenty listed here: http://nycstartups.net/startups/artificial_intelligence
Atlanta, GA, reports only one AI robotics startup, Monsieur, a
leader in the automated bartending space. http://monsieur.co/company/
Artificial intelligence technologies and applications span:
Big Data, Predictive Analytics, Statistics, Mobile Robots,
Social Robots, Companion Robots, Service Robotics, Drones,
Self-driving Cars, Driverless Cars, Driver Assisted Cars, Internet
of Things (IoT), Smart Homes, UGVs, UAVs, USVs, AGVs, Forward
and/or Backward Chaining Expert Systems, Savants, AI Assistants,
Sensor Fusion, Point Clouds, Worst Case Execution Time (WCET is
reaction time.) Machine Learning, Chatbots, Cobots, Natural
Language Processing (NLP), Subsumption, Embodiment, Emergent,
Situational Awareness, Level of Autonomy, etc.
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. 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 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, Global
Professional Service Robotics Market 2015-2019.
Research and Markets lists the following as the key vendors
operating in this market:
Companies mentioned:
AB Electrolux
Blue River Technology
Curexo Technology
Elbit Systems
GeckoSystems
Health Robotics
MAKO Surgical Corp.
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. 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
AB Electrolux, etc., reflected Martin Spencer, CEO, GeckoSystems
Intl. Corp.
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, automation, M2M communications, and cloud. The modern
robotic 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.
Segmentation of the professional service robotics market by
application:
- Defense, rescue, safety, and aerospace application
- Field application
- Logistics application
- Healthcare application
- Others
The defense application segment was the largest contributor to
the growth of the global professional service robotics market with
more than 44% share of the overall shipments in 2014. The demand
for UGV and UAV for surveillance and safeguarding lives of
personnel from ammunition, landmines, and bombs is expected to
drive the demand for robotics.
"It is an honor that they recognize 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
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 Spencer.
In order for any companion (social) robot to be utilitarian for
family care, it must be like a "three-legged milk stool" for safe,
routine usage. For any mobile robot to move in close proximity to
humans, it must have:
(1) Human quick reflex time to avoid
moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r) (See the importance of
WCET discussion below.)
(2) Verbal interaction (GeckoChat(tm):
http://tinyurl.com/nnupuw7) for easy user dialogues
and/or monologues 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
and/or teleconferences of the care receiver occur readily and are
uninterrupted.
In the US, GeckoSystems projects the available market size in
dollars for cost effective, utilitarian, multitasking eldercare
social mobile robots in 2017 to be $74.0B, in 2018 to be $77B, in
2019 to be $80B, in 2020 to be $83.3B, and in 2021 to be $86.6B.
With market penetrations of 0.03% in 2017, 0.06% in 2018, 0.22% in
2019, 0.53% in 2020, and 0.81% in 2021, 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.
"This first US JV will continue to evolve, such that
GeckoSystems enjoys revenues that increase shareholder value. After
many years of patience by our current 1300+ stockholders, they can
continue to be completely confident that this new, potentially
multi-million-dollar JV licensing agreement further substantiates
and delineates the reality that GeckoSystems will continue to be
rewarded with additional licensing revenues furthering shareholder
value," concluded Spencer.
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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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:
https://www.linkedin.com/in/r-martin-spencer-mba-580b2a11?
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.