CONYERS, GA -- September 12, 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. For over nineteen 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 Service Robotics market for the period 2015-2020.
Research and Markets stated in their report, that: "The global
service robotics market is in the exponential growth phase. It is
expected to grow from USD 6.97 Billion in 2014 to USD 18.02 Billion
by 2020 at a CAGR of 17.36% between 2015 and 2020. The market is
driven by factors such as ageing population, increasing grants and
funds by governments, increasing venture capital investments in
service robotics companies, enhancements in complementary
technologies and integration of robotics with mobile technologies,
and other smart products and appliances.
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 - Analysis & Forecast to
2020
Research and Markets selected these major players in this
market:
Intuitive Surgical (U.S.),
DJI (China),
iRobot Corporation (U.S.),
Google Inc. (U.S.),
KUKA AG (Germany),
Honda (Japan),
Adept Technology, Inc. (U.S.),
GeckoSystems Intl. Corp.
(U.S.),
Northrop Grumman Corporation
(U.S.),
ECA Group (France),
and Kongsberg Maritime (Norway).
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
Google Inc., etc.
"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," commented 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.
"Since we work always in the best interests of our 1300+
shareholders, in addition to the several joint ventures ongoing, we
are engaged in more than one acquisition negotiation that portends
to exceed those we have declined in the last year or so. Hopefully,
next week will bring greater clarity to the probability of this
acquisition negotiation rewarding our shareholders the ROI they
deserve. Meanwhile, they can continue to be confident that we
expect to be signing more multi-million-dollar licensing agreements
to further substantiate and delineate the reality that GeckoSystems
that the internationally respected Research and Markets has market
research insights not known by most of the investor community such
that GeckoSystems will 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.