Forbes.com interviews CEO of GeckoSystems

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Sep 21 2009

GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) (http://www.geckosystems.com/) announced today that they are very pleased with the recent press coverage they have received from Forbes.com and other notable online authors. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service™."

"All of us here at GeckoSystems are excited about Courtney Boyd Myers' article titled, 'Silicon Stethoscopes: Telepresence technologies and robotics promise another way to ease future health care burdens.' (Shortcut: http://tinyurl.com/lz2ecc) Myers is a Forbes.com senior journalist covering AI and robotics developments. She is the editor of 'The AI Report, the Past, Present and Future of AI.' We are very pleased and appreciative to receive this kind of recognition for our many years of hard work," stated Martin Spencer, President/CEO, GeckoSystems.

Many in the U.S. may mistakenly believe that the Japanese are world leaders in personal robot development. However, this is not the case. In the last ten years, the Japanese government has granted over $100M in R&D funding amongst their leading international manufacturers for the development of eldercare personal companion robots, but still have no viable products developed. An excellent illustration of this is Matsushita's recent failure when they attempted to sell their "Wakamaru" personal companion robot. Many observers believe it lacked sufficient cost effective utility that prevented it from being perceived as a "value" by the Japanese consumer. It has been taken off the market.

As indicated in the Forbes article, due to the sufficiency and cost effective robustness of GeckoSystems' first product, the CareBot™, near term in-home evaluation trials are anticipated.

"In the U.S., we project the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal companion 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 sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. We expect these sales despite -- and perhaps because of -- the present recession due to pent-up demand for significant cost reduction in eldercare expenses," concluded Spencer.