Trip to Japan next month being scheduled
CONYERS, GA--(January 19, 2016) - GeckoSystems Intl. Corp. (OTC: GOSY) announced that due to the Japanese government's significant monetary subsidization of personal robots for eldercare (90% paid by the Japanese national healthcare system) that the most recent robot company desiring to partner with GeckoSystems is "in a hurry." For over eighteen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
"I am pleased to report that due to the continued hard work of our longtime Japanese representative, Mr. Fujii Katsuji, we have again achieved demonstrable progress securing viable joint ventures in Japan. This latest, one of several joint ventures ongoing and/or being entertained, is particularly significant due to the breadth and depth of the robotics expertise of this company and their insistence we meet them as soon as possible in Japan to sign the JV agreement. We found them while looking for the technologists with the appropriate education, skills and experience to assist Fubright Communications, Ltd. and us in migrating our automatic self-navigation mobile robot software, GeckoNav(tm), to SoftBank Robotics' Pepper robot such that it would have cost effective, utilitarian mobility. Given the speed with which this latest JV partner prospect signed our Safety Clause NDA, we are all the more convinced of their understanding of complex robotics systems," commented Martin Spencer, CEO, GeckoSystems Intl. Corp..
Due to the sophistication, experience and stature of this premier robotics company, they are no doubt cognizant that the Japanese government is funding eldercare specific robotics R&D at the rate of 75%. Further, Japan's national health insurance pays 90% of the monthly cost of eldercare capable personal robots such as the Pepper from SoftBank Robotics. Given that foregoing reality, it comes as no surprise that this new partner is "in a hurry" to get started on their JV with GeckoSystems.
"In the last two years, the CEO of SoftBank, (which controls Sprint here in the U.S.) has publicly stated that they had spent about $200,000,000 to develop their Pepper personal robot for family care. Recently twenty percent (20%) of Softbank's acquisition of Aldebaran Robotics (The French company that developed the Pepper is now called SoftBank Robotics) was sold to Alibaba Group Holding for $118,000,000 late last year. In the same press release, they also revealed that Foxconn Technology Group had also purchased twenty percent (20%) for $118,000,000. ("SoftBank teams up with Alibaba, Foxconn to sell Pepper robot") Simple arithmetic readily reveals that while SoftBank paid $200,000,000 or so for all of Aldebaran, including the development of the Pepper robot. Softbank's CEO has sold forty percent of their Aldebaran acquisition for more than what they paid for all of Aldebaran, including development of the Pepper personal robot," observed Spencer.
Late last year, GeckoSystems had their white paper on Worst Case Execution (reflex or reaction) Time sufficient for mobile service robots' safe usage proximate to humans, translated into Japanese. Mr. Katsuji has been presenting that seminal discussion to many Japanese robotics companies. That paper explains the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why this premier Japanese robotics company desires to enter a contractual joint venture relationship with GeckoSystems.
"Due to their extraordinary level of interest and sense of urgency, we expect our relationship to continue to grow briskly. As soon as some necessary, administrative steps are addressed, I hope to go to Japan very soon. Through this new JV agreement now in progress, GeckoSystems will enjoy additional licensing revenues that will enable us to further increase shareholder value," concluded Spencer.
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 Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be 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.