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GeckoSystems, An AI Mobile Robot Co., Reports First Net Profits

"So far, service robots for personal and domestic use are mainly in the areas of domestic (household) robots, which include vacuum and floor cleaning, lawn-mowing robots, and entertainment and leisure robots, including toy robots, hobby systems, education and research.

"Handicap assistance robots have not taken off to the anticipated degree in the past few years. In 2011 however, this market seemed to start up. 156 robots were sold, up from 46 in 2010. This is still quite a low number but the prospects are promising. A lot of national research projects in many countries concentrate on this huge future market for service robots. In contrast to the household and entertainment robots, these robots are high-tech products.

"The market of robots for personal transportation as well as home security and surveillance robots will gain importance in the future.

"....  Sales of robots for elderly and handicap assistance will be about 4,600 units in the period of 2012-2015. This market will increase substantially within the next 20 years."  http://www.ifr.org/service-robots/statistics/

In March of 2015 the Japanese national health care plan will begin to cover robotic personal assistance at a rate of 90%.  The 2012 IFR study was made before this plan was announced.  GeckoSystems believes that this program and research subsidies associated with it will ignite the personal assistance robotics sector.   Because of the demographic issues outlined in the report below, a CareBot(tm) type personal robot designed to help people live independently in their own home as long as possible will be in high demand globally, but the need is most urgent in Japan.  GeckoSystems believes that no economically viable solution can be developed for this market by the March 2015 date without using their technology.  http://www.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20130429-419069/2.html  http://www.geckosystems.com/downloads/SafePath_Need_and_Benefits.pdf   http://www.geckosystems.com/investors/GeckoSystems-Family_and_Health_Care_Markets.pdf

GeckoSystems' Market Position:



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