GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today that their multi-tasking personal robot product, the CareBot™ MSR, satisfies the requirements indicated by ABI Research to penetrate this burgeoning marketplace.
The report from ABI Research is predicting that by the year 2015, people will probably be willing to spend as much for a multi-tasking humanoid robot as they would for a new car. "Within six years, the personal robot market will likely balloon to $15 billion," said Philip Solis, an analyst at the New York-based research firm.
GeckoSystems' suite of mobile robot solutions with their "mobile robot solutions for safety, security, and serviceTM" includes not only automatic self navigation software (GeckoNavTM), but also verbal interaction for voice control and responses (GeckoChat(tm)), and automatic person following (GeckoTrakTM) from their multi-tasking humanoid personal robot, the CareBot.
"Consumers will become eager to spend extra money on multitask robots that can perform effectively," continued Solis. "There is money to be made in personal robots, specifically within the task and entertainment segments."
"We are very pleased to learn that a prestigious, international market research firm has independently determined that this emerging marketplace's expectations as to price and functionality are exceeded by our CareBot product line of personal robots, " commented R. Martin Spencer, President/CEO of GeckoSystems. "Due to some of the enabling technologies for this marketplace being proprietary R&D of GeckoSystems, we anticipate as much as ten to fifteen percent penetration in the next five to seven years. Our CareBots multi-task constantly to perform their assigned activities in order to have actionable situational awareness and the 'common sense' to respond appropriately."
GeckoSystems' mobile robot solutions are appropriate for the consumer, professional healthcare, commercial security/public safety, and defense markets. GeckoSystems is presently working on their fourth generation CareBot MSR since 1998.
About ABI Research:
ABI Research is a leading market research firm focused on the impact of emerging technologies on global consumer and business markets. Utilizing a unique blend of market intelligence, primary research, and expert assessment from its worldwide team of industry analysts, ABI Research assists hundreds of clients each year with their strategic growth initiatives. For information, visit www.ABIResearch.com, or call +1 516 624 2500
About GeckoSystems International Corporation:
GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with "mobile robot solutions for safety, security, and service(tm)." In the ten years since founding, the Company has developed a suite of proprietary, fundamental technologies that enable their robots to automatically self-navigate the home or workplace using advanced sense and avoid technologies for reliable, unattended collision avoidance while patrolling, following and/or seeking preset destinations. These sensor fusion technologies enable extraordinary levels of actionable situational awareness. These scientifically developed, tested, and proven hardware and software breakthroughs enable the practical, low cost manufacture, sale and usages of mobile service robots in a variety of environments.
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 Company's future expectations, including future revenues and earning, technology efficacy and all other forward-looking statements be subject to the Safe Harbours created thereby. The Company is a development stage firm that continues to 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.