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Follow on Google News | World's First Personal Robot Trials To Be Enabled by GeckoSystems' FundingGeckoSystems to begin manufacturing of their personal companion robot, the CareBot(tm), for the world's first in-home evaluation trials.
By: GeckoSystems Intl. Corp. "Due to our international competition from the Pacific Rim, Europe, and here in the U.S., we are very pleased to make this 'world's first' announcement. Our notable competitors in the Pacific Rim are Honda ("ASIMO"), Toyota ("Partner Robots"), Fujitsu (Frontech's "enon"), Sanyo ("FLATTHRU"), NEC ("PaPeRo"), Toshiba ("ApriAlpha" "Academia is also very involved in personal robot development. Prestigious U.S. universities such as MIT ("Nexi", "Kismet"), Georgia Tech, Stanford University, UCLA, Carnegie Mellon University ("Flo"), University of Michigan, Virginia Tech, etc. are but a few of the domestic engineering schools engaged in personal companion robot research and development activities. None of them have sufficiently complete mobile robot solutions for in home evaluation trials. "For over twelve years, we have worked to invent and assemble all the required hardware and software technologies determined by our market research needed for a truly cost effective and utilitarian personal companion robot, the CareBot. We are very pleased to have Mr. Clark's capable assistance in advising us in his consulting role to enable us to take our first product to the next stage in the execution of our business plan's sales and marketing strategies," "From the perspective of my nearly thirty years in sales, marketing and strategic finance, I have thoroughly researched and studied GeckoSystems' business plan, marketing strategies, market research, and their technological realities and benefits in my extensive situation analysis review. Due to the significant potential before GeckoSystems in numerous markets, I am highly motivated by the opportunities now before me with GeckoSystems. I will introduce them to opportunities, individuals, and firms to attain suitable financing to enable the fabrication of a sufficient quantity of fourth generation CareBots for the world's first in-home personal companion robot eldercare trials," committed Noah Clark, Jr. "In the near future, as we progress in the needed funding to begin manufacturing our first of several products, the CareBot, we will be releasing further details as to these upcoming in-home eldercare monitoring system trials with our first man rated, servant class personal companion mobile robot, the CareBot," concluded Spencer. GeckoSystems' suite of "mobile robot solutions for safety, security, and service(tm)" presently includes the following proprietary robotic technologies invented by their employees: GeckoNav(tm) About GeckoSystems International Corporation: Since 1997, GeckoSystems has developed a comprehensive, coherent, and sufficient suite of hardware and software inventions to enable a new type of home appliance (a personal robot) the CareBot(tm), to be created for the mass consumer marketplace. The suite of primary inventions includes: GeckoNav(tm) The primary market for this product is the family for use in eldercare, care for the chronically ill, and childcare. The primary distribution channel for this new home appliance is the thousands of independent personal computer retailers in the U.S. The manufacturing infrastructure for this new product category of mobile service robots is essentially the same as the personal computer industry. Several outside contract manufacturers have been identified and qualified their ability to produce up to 1,000 CareBots per month within four to six months. The Company is market driven. At the time of founding, nearly 12 years ago, the Company did extensive primary market research to determine the demographic profile of the early adopters of the then proposed product line. Subsequent to, and based on that original market research, they have assembled numerous focus groups to evaluate the fit of the CareBot personal robot into the participant's lives and their expected usage. The Company has also frequently employed the Delphi market research methodology by contacting and interviewing senior executives, practitioners, and researchers knowledgeable in the area of elder care. Using this factual basis of internally performed primary and secondary market research, and third party research is the statistical substance for the Company's sales forecasts. Not surprisingly the scientific statistical analyses applied revealed that elderly over sixty-five living alone in metropolitan areas with broadband Internet available and sufficient household incomes to support the increased costs were identified as those most likely to adopt initially. Due to the high cost of assisted living, nursing homes, etc. the payback for a CareBot(tm) is expected to be only six to eight months while keeping elderly care receivers independent, in their own long time homes, and living longer due to the comfort and safety of more frequent attention from their loved ones. Using U.S. Census Bureau data and various predictive statistical analyses, the Company projects the available consumer market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2010 to be $74.0B, in 2011 to be $77B, in 2012 to be $80B, in 2013 to be $83.3B, and in 2014 to be $86.6B. With market penetrations of 0.03% in 2010, 0.06% in 2011, 0.22% in 2012, 0.53% in 2013, and 0.81% in 2014, we will anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The Company expects these sales despite --and perhaps because of-- the present recession due to pent up demand for significant cost reduction in eldercare expenses. The foregoing forecasts do not include sales in non-metropolitan areas; elderly couples over 65 (only elderly living alone are in these forecasts); those chronically ill --regardless of age-- or elderly living with their adult children. The Company's "mobile robot solutions for safety, security and service(tm)" are appropriate not only for the consumer, but also professional healthcare, commercial security and defense markets. Professional healthcare require cost effective, timely errand running, portable telemedicine, etc. Homeland Security requires cost effective mobile robots to patrol and monitor public venues for weapons and WMD detection. Military users desire the elimination of the "man in the loop" to enable unmanned ground and air vehicles to not require constant human control and/or intervention. # # # 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. End
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