CONYERS, GA — April 26, 2016– GeckoSystems Intl. Corp. announced that the licensing agreements to be negotiated while the CEO is in Japan late next month will generate over $25,000,000 in licensing revenues. For over eighteen years GeckoSystems has dedicated itself to development of “AI Mobile Robot Solutions for Safety, Security and Service(tm).”
Meetings with ifoo, ZMP, iXs, Fubright, IC, and others are scheduled to discuss plans to achieve Japanese market licensing revenue forecasts within five years.
GeckoSystems has been dogged in their pursuit of sustainable, win-win relationships with Japanese companies. The company is very appreciative of the many years of dedicated hard work by Mssrs. Hajime Yasumatsu and Fujii Katsuji for identifying and developing contractual relationships (including, but not limited to, non disclosure agreements) with these Japanese firms:
Company Name: Month Year NDA signed.
ifoo Co., Ltd.: October 2010
Imasen Engineering Corp.: April 2011
Hokuyo Automatic Co., Ltd.: September 2011
ZMP Company Ltd: October 2011
Alta Management Corp.: October 2011
Cosmic M. E. Inc.: March 2013
iXs Research Corp.: April 2013
Doog Corp.: November 2013
Jetta Company Ltd.: August 2014
Fubright Communications, Ltd.: April 2015
IC Corp.: December 2015
Initially this trip was scheduled for March, but due to an unfortunate accident, their long time Japanese representative was incapacitated. Concurrently, IC Corp. (http://www.ic-corp.jp/) secured a three times larger facility to better support their joint venture with GeckoSystems, but the relocation of their office and laboratories also delayed the previously scheduled March meetings. GeckoSystems’ CEO was invited by the CEO of this prominent Japanese robotics company to meet for the purpose of signing a licensing agreement.
Mr. Katsuji identified and contacted IC Corp. while looking for technologists with the appropriate education, skills and experience to assist Fubright Communications, Ltd. and the company in migrating its automatic self-navigation mobile robot software, GeckoNav(tm), to SoftBank Robotics’ Pepper robot such that it would have cost effective, utilitarian mobility and be less of a novelty and more practical in its benefits and value proposition.
At this time, there are approximately 2,200,000 million Japanese over 65 living alone. Their greatest fear is to die alone and that their demise not be known to others for a few days. For this reason and many others, the Japanese government pays 90% of the cost of personal robots used for eldercare such that concern would be well addressed. Further, the Japanese government is paying 75% of the R&D costs to develop robotic healthcare solutions for greater productivity to provide more economic care giving for their extraordinarily large senior population.
This new partner is unsure of the mass appeal of the Pepper robot with its present value proposition and wishes to investigate other, proximate market opportunities. They believe there is a significant, near term market in Japan for eldercare robots and want to explore all scenarios including, but not limited to, the Pepper robot as stated by Mr. Takashi Nabeta, CEO, IC Corp. “We are very much looking forward to meet with Mr. Spencer and discuss the large Japanese market for ‘welfare robots.'”
In addition to IC Corp., Mr. Katsuji has identified another significant potential partner. They are particularly noteworthy due to the breath and depth of this nearly 100 year old trading company and their interest in manufacturing companion robots, like the CareBot, in Japan. After the company’s NDA is signed off and a meeting has been scheduled, the company may be identified if they agree.
GeckoSystems has already begun the technology transfer of its proprietary AI mobile robot tech with the GeckoMotorController(tm) (GMC) to IC Corp. (The company’s seventh generation GMC uses a proprietary self-adaptive constant energy paradigm to achieve extraordinarily smooth acceleration and deceleration of the company’s mobile service robots. A jerky and/or seeming unpredictable moving robot can be both distracting and disturbing for people or animals that observe or interact with them.)
Late last year, GeckoSystems had their white paper on Worst Case Execution (reflex or reaction) Time sufficient for mobile service robots’ safe usage proximate to humans, translated into Japanese. Mssrs. Katsuji and Kato have been presenting that seminal discussion to many Japanese companies with very favorable responses from now two different companies.
That paper explains the importance of GeckoSystems’ breakthrough, proprietary, and exclusive AI software and why this top Japanese robotics company, and now a Japanese trading company, desire to license GeckoSystems’ AI mobile robot solutions.
In order to understand the importance of GeckoSystems’ breakthrough, proprietary, and exclusive AI software and why this major defense contractor desires a proposal from GeckoSystems, it’s important 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 vehicle’s ability to stop or maneuver. If, for instance, a car’s braking system design cannot generate enough friction for a given road surface to stop the car in 100 feet after brake application, that’s 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, he’s 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 a 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.
Due to the quickness of GeckoSystems’ WCET, nearly all forms of all vehicles can achieve the ability to real time sense and avoid of moving, and/or unforeseen (unmapped) obstacles. This is the fundamental reason this major defense contractor wishes to have a proposal submitted from GeckoSystems. Not only can their land-based vehicles be safer and more autonomous (nearly no emergency human intervention), but also all forms of drones including boats, aircraft, undersea vehicles, and more.
Those organizations and firms that do not have videos portraying that their robotic vehicles’ (drones, driverless cars, self driving cars, etc.) abilities to timely sense and avoid moving obstacles, simply cannot do so, as GeckoSystems can: http://t.co/NqqM22TbKN
All mobile robotic vehicles are therefore unsafe for human usage unless the AI “driver” is jet fighter pilot reflex quick and not “drugged, distracted, or lacking good enough vision” to be allowed to drive in public, people congested areas.
As a result of GeckoSystems worldwide preeminence in this essential WCET parameter, for several years running now, GeckoSystems has been identified many times as one of the top five to top ten mobile service robot companies in the world. Several internationally renowned market research firms, such as Research and Markets, have named GeckoSystems as one of the key market players in the mobile robotics industry.
“Now that the NDA with Imasen Engineering Corp. has expired, we can reveal that after we performed in successfully upgrading one of their power wheelchairs to our SafePath(tm) level of automatic collision avoidance, https://youtu.be/f7T8nuUKUm4 , they breached their contract with us by refusing to move forward, despite our have performed as committed. Prudently, we have honored our NDA with Imasen, despite their failure to perform. This is not the only time we have had this regrettable experience, but we feel more confident this is unlikely to occur in the future due to the integrity of the companies we are presently working with,” stated Martin Spencer, CEO, GeckoSystems.
Due to the sophistication, experience and stature of this premier robotics company and trading company, they are no doubt cognizant that the Japanese government is funding eldercare specific robotics R&D with grants at the rate of 75%. Further, Japan’s national health insurance pays 90% of the monthly cost of eldercare capable companion robots such as the Pepper from SoftBank Robotics, or a CareBot(tm) adapted to the Japanese marketplace.
“We have been and continue to be extraordinarily tenacious in our marketing activities. We have a double-edged sword in that artificial intelligence is an emerging technology presently working to gain traction in very large, but skeptical markets. Nonetheless, we remain confident that our 15+ years and $8M+ in investments will bear fruit for our 1300+ shareholders. Through these new agreements, we will enjoy additional licensing revenues that will enable us to further increase shareholder value,” concluded Spencer.
GeckoSystems has been developing innovative robotic technologies for over eighteen years. It is CEO Martin Spencer’s dream to make people’s lives better through robotic technology. An overview of GeckoSystems’ progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
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.