GeckoSystems, An AI Mobile Robot Co., Reports First Net Profits
"Because the GeckoSystems platform exploits the economic benefits of Commercial-Off-The-Shelf (COTS) mechanical and electronic systems and subsystems, products using our AI MSR platform will be affordable for smaller businesses and families and not be limited to major corporations or one percenters looking for expensive toys. We are about to see robots enter the mainstream and become a part of every day life."
The company is satisfied that this initial licensee appreciates the breadth of the MSR market and is motivated to establish itself as the dominant regional developer, manufacturer, and marketer of MSRs. The licensee has stated its intent to develop and market some of the product concepts that have been created by GeckoSystems' such as the ChairBot(tm), AI+ CareBot(tm), CareBotPro(tm), SecurityBot(tm), GeckoNED(tm), and GeckoSuperSentinel(tm). (For more information: http://www.geckosystems.com/high_level/ )
State of the Market for Mobile Service Robots
GeckoSystems is not alone in their struggle to introduce cost effective, truly utilitarian service robot products to market. The entire sector of service robotics is in its infancy. MSR's for applications such as warehouse security, telepresence for K-12 students at home, or telemedicine (mobile video conferencing platforms) in select hospitals are just beginning to appear in the market. These MSRs have either very limited functionality, or are so expensive that they are not practical from a ROI perspective.
Personal and domestic service robots now being sold are mostly small home vacuuming machines and toys. Industrial and business robots largely focus on dull, dirty and dangerous tasks with routine "supervised autonomy" (a form of teleoperation control with the human making many common sense decisions). This 2012 report from the International Federation of Robotics (IFR) highlights the difficulties GeckoSystems has faced:"In 2011, about 2.5 million service robots for personal and domestic use were sold, 15% more than in 2010. The value of sales increased by 19% to US$636 million. "Service robots for personal and domestic use are recorded separately, as their unit value is generally only a fraction of that of many types of service robots for professional use. They are also produced for a mass market with completely different pricing and marketing channels.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV