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TheStreet Open House

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

GeckoSystems' AI mobile robot solutions are unique in that they are portable and extensible, enabling ready migration and usage in a large number of MSR applications and marketplaces.  Using GeckoSystems' proprietary technology, licensees are able to develop new products quickly and with reduced R&D cost, giving them a "fast to market" solution and a competitive advantage when entering new markets.  In addition, GeckoSystems' robust hardware and software architecture makes applications based on their technology "obsolescence proof" because new technology and/or cost reduction can be integrated on a modular basis as it develops.

The extensible and portable nature of GeckoSystems tech was proven in 2010 when the AI navigation software developed for and used on the CareBot(tm) was migrated and with limited additional R&D to the wheelchair.   The company was able to use GeckoNav(tm) to create the SafePath(tm)  "collision free" power wheelchair upgrade.   It is this extensibility and portability that will allow GeckoSystems licensees to accelerate development of their own MSR applications.

GeckoSystems is gaining worldwide recognition in the robotics field because its technology solves fundamental problems that have held back the development of the MSR sector and it solves them in a way that makes service robots more affordable.  Research and Markets recently identified GeckoSystems as one of eight "key market players" along side Honda, iRobot, Sony, Toyota, and others. The company is delighted to receive this global recognition.  http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark

"While we remain focused on our Pacific Rim business development activities, we now have new, ongoing discussions in several EU and Mediterranean countries. These additional discussions are primarily in the areas of commercial security and professional healthcare. We generally get favorable reactions and heightened interest due to our willingness to share risk in the proposed joint ventures. Due that reality, we believe that we will soon be announcing additional licensing revenues.  I expect development in the personal robot, social robot, elder care robot, mobile service robot, personal assistance robot, UAV, UMV, drone, driverless automobile, etc. (all use MSR technologies) sector from 2015 to 2020 to parallel the explosive growth of Apple's and IBM's personal computer market in the early 80's, or the equally dramatic development of the automobile industry with Ford's famous Model T in the early 1900's. This first $200,000 in licensing revenues is a linchpin first step in progressing to profitability for a full year and a definitive sea change for us. Now we have not only revenues, but also net profit forecast for this last quarter in our fiscal year. We have long expected technology-licensing revenues to precede revenues from product manufacturing and sales. Realizing net profits augurs well for increased ROI and shareholder value for our 1300+ investors," concluded Spencer.



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