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GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
Like I said, it is important for one to do their own DD.
Guess Wallace is unfazed by the near certainty of his PUBLIC HUMILIATION and infuriating daddy...
BTW, just because a low level judge is ignorant, does not mean they are stupid, retarded, or in any way mentally or emotionally challenged. IMO, others may disagree...
So why was the SEC created if NOT to protect stockholders from ILLEGAL stock manipulation such as Wallace keeps bragging about?
Isn't that self defeating of Wallace, to brag about VIOLATING SEC regs?
Why would any sane person brag publicly about breaking any law, much less Federal?
Is that why the FBI is now assembling a file on Wallace et al?
This ILLEGAL manipulation he keeps bragging about?
mo-
Mech
So Wallace's wife left him due to GOSY?
So Wallace is more concerned...
...with MONEY than doing PRISON time and his wife left him because of that?
Correct?
Like I said, and is documented here:
http://www.geckosystems.com/W_W_W
Wallace truly believes the legal system is simply there to provide him "willing victims."
Correct?
Wow, wonder if the Sheriff will hit his siren briefly to bring Wallace out of his home in that fancy gated community?
Bet the neighbors will be video'ing Wallace's perp walk to upload on YouTube since his wife has left him due to his obsession with Mrs. Spencer, or is it Ms. Nelson he is obsessed with?
Will it go viral?
mo-
Mech
So Wallace's wife left him due to GOSY?
Because "flyash" Wallace refused to acknowledge that his obsession with GOSY and the Spencers was aberrant?
Or did she leave him because after going through a full psych exam and being put on meds, he then refused to take his meds due to his love of the "juice" in stalking the Spencers?
What is your opinion as to why Wallace's wife got sick of his constant trolling for the Spencers and left him?
She knew he needs daily medication, but since he refused, she left him due to his obsession with Spencer and GOSY?
Is Wallace now obsessed with Paula Nelson because his wife left him due to his stalking of her and the Spencers?
This was told to me by those known to me that have no reason to lie to me.
mo-
Mech
Gouge informed them here:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Thanks for asking!
Sometimes words are not enough...
mo-
Mech
This says the Judges are poorly informed:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
BTW, the shares will NEVER be registered in the sheriff's name, will they? So the sheriff would cause the sale of Spencer's shares with the proceeds going to Wallace except that RULE 144 applies and it prohibits Beneficial Owners from selling more than 1% in 90 days IN ORDER TO PROTECT THE OTHER STOCKHOLDERS.
Sometimes words are not enough...
mo-
Mech
NONE of Spencer's stock will be sold...
...by Neil Wallace, his parents, the "sheriff," or anyone else.
The IRREFUTABLE reasons why it CANNOT happen are:
1. The proposed sale VIOLATES Federal securities laws, specifically Rule 144 which governs the sale of all restricted stock, REGARDLESS of WHO is doing the selling or the circumstances.
Further, Rule 144 REQUIRES that ONLY FINRA/SEC brokers execute ANY and ALL sales.
So the sheriff does not have to comply with Rule 144?
SURE, they do!
BECAUSE:
2. Federal law ALWAYS trumps state law.
Whenever state law conflicts with Federal law, FEDERAL ALWAYS prevails and precludes enforcement of any and all state laws that conflict with Federal laws.
3. GOSY's DE attorney has demonstrated competence MANY times.
Wallace has NEVER collected ANYTHING in the 5 years of his FAILED attempts to collect monies from GOSY and/or the Spencers NOT legitimately earned by him or allegedly due his parents.
Therefore, NONE of Spencer's stock CAN be sold by Neil Wallace, his parents, the "sheriff," or anyone else.
In conclusion, the Spencers will NOT be losing majority control of GOSY since their 51% ownership is in preferred GOSY shares is NOT at risk in ANY manner, or have ANY of their common stock holdings sold, either.
Wallace has chosen to not make public the so called opinion letter he hee haws about being the "end all" solution supporting his position. Of course he won't since his position is INDEFENSIBLE.
facts remain facts-
Mech
Rule 144 ALWAYS applies.
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
After reading the foregoing legal briefs, it is apparent that it doesn't matter if voluntary or involuntary, the RULE 144 Beneficial Owner Requirements are NOT there for the benefit of the holder, but the OTHER shareholders!
This SEC reg is to prevent ILLEGAL manipulation of stocks, like Wallace constantly brags about doing!
Sometimes words are not enough...
mo-
Mech
Rule 144 ALWAYS applies.
WHAT ABOUT BENEFICIAL OWNER REQUIREMENTS?
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Ask an SEC attorney that understands Rule 144, instead of avoiding its mention or reference in any manner whatsoever.
I am right.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
BIG NEWS HERE!
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Mech
When, not if, GOSY's stock pops, then the Spencers' would have budget to enable Wallace to embark on a brand new career at the age of 62!
Responding to the daily storm of more litigation for him to spend his days and nights forestalling.
Recall that the Spencers have worked very hard for several years to fence off Wallace from their lives and business.
Wallace is a bonafide predator due to having initiated 8-10 suits against GOSY in the last 3-5 years.
Wallace fought the MUTUAL Protection Order since he would have not been able to continue his deliberate infliction of emotional anguish on the Spencers. Clearly Wallace is a true sociopath and is obsessed with having what he sees as "willing victims."
He does not want to settle because then he would get no "juicy" high from his deliberate infliction of emotional pain on them.
He would lose that which is most important to him, the "creation of a willing victim."
So the instant GOSY pops, Wallace starts a new career that will still be GOSY centric, but with him having chosen to be persecuted and pursued by the Spencers as he has them for several years now.
The Spencers want to be rid of Wallace.
That's why they secured the MUTUALLY BINDING GA Temporary Protection Order (which he violated over 400 times in the 30 day period) and the GA Permanent Protection Order was denied due to jurisdiction.
It was NOT denied due to lack of compelling evidence.
The TPO was mutual and the Spencers never violated it. Wallace fought the PPO, why is that?
HE IS GUILTY OF CYBER STALKING THE SPENCERS.
Yes, Wallace's WORST NIGHTMARE is for GOSY to pop.
BTW, the foregoing is all documented at:
http://www.geckosystems.com/W_W_W
mo-
Mech
WALLACE FOUND GUILTY OF STALKING THE SPENCERS
Georgia Superior Court Judge Irwin granted the Spencer's petition for protection from Wallace. He could have denied their petition but he saw enough evidence to grant their request.
http://www.geckosystems.com/W_W_W/Spencers_Granted_Temp_Order_120412.pdf
The only reason a Permanent Order was not issued was due to jurisdiction. Wallace hides in VA in his gated community and gets away with this crime of stalking and harassing the Spencers.
So Wallace's wife left him due to GOSY?
So Wallace is more concerned...
...with MONEY than doing PRISON time and his wife left him because of that?
Correct?
Like I said, and is documented here:
http://www.geckosystems.com/W_W_W
Wallace truly believes the legal system is simply there to provide him "willing victims."
Correct?
Wow, wonder if the Sheriff will hit his siren briefly to bring Wallace out of his home in that fancy gated community?
Bet the neighbors will be video'ing Wallace's perp walk to upload on YouTube since his wife has left him due to his obsession with Mrs. Spencer, or is it Ms. Nelson he is obsessed with?
Will it go viral?
mo-
Mech
So Wallace's wife left him due to GOSY?
Because "flyash" Wallace refused to acknowledge that his obsession with GOSY and the Spencers was aberrant?
Or did she leave him because after going through a full psych exam and being put on meds, he then refused to take his meds due to his love of the "juice" in stalking the Spencers?
What is your opinion as to why Wallace's wife got sick of his constant trolling for the Spencers and left him?
She knew he needs daily medication, but since he refused, she left him due to his obsession with Spencer and GOSY?
Is Wallace now obsessed with Paula Nelson because his wife left him due to his stalking of her and the Spencers?
This was told to me by those known to me that have no reason to lie to me.
mo-
Mech
AI, like gosy's, is very 21st century-
those longing for long ago simpler days no doubt simply cannot believe that personal companion robots, like the carebot, could possibly enable grandma to stay out of a smelly, bankrupt nursing home.
one civilizations tech is the old generations' "magic," and hee haw that any "new" tech is not needed or possible or the inventor is insane or no one can afford it or something else will work just as good.
they might as well be hee hawing that microwave ovens halt pacemakers when they insist that gosy's breakthrough tech is no good and just a front for a "pump."
AI like gosy's is just way too advanced for most folks to believe such is possible.
sort of like, "if man was meant to fly, God would have given man wings." we need this new home appliance so we can take better care of our families. refrigerators, electric stoves, microwaves, etc. are all wonderful time and labor saving home appliances.
that is why Bill Gates insists "A Robot in Every Home" in his SciAm article several years ago!
not mo,
his!
Mech
Spencer has done a great job on making their stock issuance and share structure transparent for their 1300+ shareholders!
This discussion,
http://www.geckosystems.com/W_W_W/Analysis_of_Share_Structure.pdf is really excellent!
Spencer and his team have prepared a very factual discussion with correct algebra, too, I might add-
mo-
Mech
Financial compliance reasons why GOSY is undervalued:
1. Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.
This is due to the requirement to expense 100% of all R&D in the year incurred. Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO. This required compliance with GAAP forces the Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
2. Federal and state tax laws also distort the true economic condition and performance of GOSY.
This is due to the requirement to prepare financials in accordance with FASB 's GAAP for tax filings. This required compliance with GAAP forces GOSY as a Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
3. European Unon (EU) accounting standards, if applied to GOSY's financials, would portray the true economic condition and performance of the company much more realistically.
This is due to the requirement to expense only 50% (not 100%) of all R&D in the year incurred. Hence since not a 100% writeoff, 50% is carried as assets on the balance sheet. This fairly reflects the net worth of a Development Stage company from the EU perspective. The EU requires only a 50% writeoff of all R&D expenditures. This simple accounting change would dramatically flip GOSY's net worth and stockholder equity deep into positive territory.
This required compliance with GAAP forces GOSY --as a Development Stage company-- to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
4. Ignoring discounted cash flow (DCF) analyses of GOSY's financial pro formas lowers the net present value (NPV) of future net profits of GOSY regardless of hurdle rate (minimum ROI) determined as sufficient for the level of risk.
Ignoring increased stockholder dividends due to significant tax loss carry forwards (which reduces taxes due for several years and hence increases the aftertax income available for distribution as stock dividends to stockholders) distorts by lowering the net present value (NPV) of future dividend payments to GOSY stockholders regardless of hurdle rate used.
The long and short of it all?
GOSY's $8,000,000 in expenditures the last 15 years does not show up on the Balance Sheet due to compliance with GAAP.
NOT because GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
geckochat is really extraordinary...
...it is a verbal interface for the carebot and a great upgrade for the safepath wheelchair.
it is true AI with natural language processing (NLP) using forward chaining if/then/else written in a mature AI language, prolog.
the microphone "array" is super cool, too. it improves the signal to noise dramatically and enables the voice recognition software to recognize words such that the NLP of AI engine can reliably "recognize" predetermined phrases and/or words.
the family gets to customize this interface and tailor it exactly for the needs and benefits of their beloved family member.
so the voice synthesis must be clear and loud enough to be readily heard and understood by the carereceiver.
wow!
not a simple system. less complex than the safepath tech, but...
and then there is geckoscheduler...
wonder when ZMP is going to evaluate the full blown boogie? a carebot?
prototypes tend to be delicate. shipping could be a problem-
in conclusion, geckochat is fundamental and I don't see verbal interaction, for monologues and/or dialogues, on anyone else's personal companion robot.
gosy has much, much more than safepath to license-
I agree with Spencer, I think licensing revenues will easily precede product sales-
mo-
Mech
Even with a promo...
...and 175 million shares given away,
...GOSY is barely holding $.001.
Thank you for the L2, BR-
that block of NITE's at .0016 is a "feint" and not real- no one person could have that size block since they would be over 5% and then can only sell 1% per 90 days per Rule 144....
since GOSY has 1300+ shareholders is why I have that opinion- Only the Spencers have beneficial owner size holdings...
NITE is playing silly games, of course!
mo-
Mech
GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
A very significant reason to purchase a Carebot!
nursing homes are a two edged sword-
on one hand they are very expensive.
"slums" are $3.5-4K per month
national average is $4.5K per month
the economics are so bad that 50% of all nursing homes in FL are in bankruptcy-
now for the sharper edge of the sword-
there is a huge emotional trauma to the beloved parents that sends them into depression and they die in 1-2 years!
whereas, staying in their own home of 20-30+ years, they may live another 5-10 years!
so what does the family, adult children, want?
to keep their beloved parent as safe and comfortable such that their twilight years can be as good as they can be-
hence the extraordinary means of keeping grandma at home as long as possible.
I do not see the carebot eliminating nursing homes, but putting off that loss of independence as long as is possible-
those that have had direct eldercare responsibility understand the foregoing very, very well!
so tech is great from GOSY to put "family first"
mo-
Mech
GOSY up 30% today!
The $8M spent over 15+ years resulted in all of GOSY's tech. Look here, for example: http://geckosystems.com/investors/tech_faq.php
The $22K in revenues is discussed here on their website:
Our Early Years in Texas
GeckoSystems of Texas, Inc. was founded in Georgetown, a northern suburb of Austin, TX in the late summer of 1997. I used a spare bedroom set up as an office, and an oversize two-car garage to build prototypes.
I recruited several like-minded individuals over the Internet that all believed "it is time for a truly cost effective, and utilitarian personal robot."
We called them Personal Computer Robots, or PCR's. We sold and shipped several to developers under our NDA as "development" platforms to maintain our patent rights at a discount. We even sold and shipped one to the National Defense University. After building and shipping our first half dozen or so, it became very apparent that building these robots one at a time was too expensive and didn't make us much money.
So since we had deposits on another 5 or 6 "development" robots, we went to the local banks to borrow the funds to finance the manufacture of 25+ robots.
Not even Silicon Valley Bank in Austin would loan us any funds to finance building robots that were sold with money down! At that time, we quit soliciting further sales since we could not make any money on them unless we built 25 or more at a time.
The foregoing occurred over a 2-3 year period. Then, my wife's mother lost her live in caregiver, and we needed to move to Atlanta (Conyers), GA to care for her. The move also meant a much more strategic location for GeckoSystems given Atlanta's easy national and international air flight access.
NOT!
First they had the company buy back their shares.
1. His entire analysis is flawed because it doesn't take into account his making the preferred shares he gave himself and elaine convertible. It assumes readers are so stupid as to believe he made them convertible, but doesn't ever intend to convert them! Too funny.
2. He hasn't explained how 175 million NEW shares came to be issued since his flawed analysis. Who got them? For what services?
3. He still has never explained how the $8 million was spent and why there are only $22k in revenues, from unspecified sources.
Our Early Years in Texas
GeckoSystems of Texas, Inc. was founded in Georgetown, a northern suburb of Austin, TX in the late summer of 1997. I used a spare bedroom set up as an office, and an oversize two-car garage to build prototypes.
I recruited several like-minded individuals over the Internet that all believed "it is time for a truly cost effective, and utilitarian personal robot."
We called them Personal Computer Robots, or PCR's. We sold and shipped several to developers under our NDA as "development" platforms to maintain our patent rights at a discount. We even sold and shipped one to the National Defense University. After building and shipping our first half dozen or so, it became very apparent that building these robots one at a time was too expensive and didn't make us much money.
So since we had deposits on another 5 or 6 "development" robots, we went to the local banks to borrow the funds to finance the manufacture of 25+ robots.
Not even Silicon Valley Bank in Austin would loan us any funds to finance building robots that were sold with money down! At that time, we quit soliciting further sales since we could not make any money on them unless we built 25 or more at a time.
The foregoing occurred over a 2-3 year period. Then, my wife's mother lost her live in caregiver, and we needed to move to Atlanta (Conyers), GA to care for her. The move also meant a much more strategic location for GeckoSystems given Atlanta's easy national and international air flight access.
Spencer has done a great job on making their stock issuance and share structure transparent for their 1300+ shareholders!
This discussion,
http://www.geckosystems.com/W_W_W/Analysis_of_Share_Structure.pdf is really excellent!
Spencer and his team have prepared a very factual discussion with correct algebra, too, I might add-
mo-
Mech
geckochat is really extraordinary...
...it is a verbal interface for the carebot and a great upgrade for the safepath wheelchair.
it is true AI with natural language processing (NLP) using forward chaining if/then/else written in a mature AI language, prolog.
the microphone "array" is super cool, too. it improves the signal to noise dramatically and enables the voice recognition software to recognize words such that the NLP of AI engine can reliably "recognize" predetermined phrases and/or words.
the family gets to customize this interface and tailor it exactly for the needs and benefits of their beloved family member.
so the voice synthesis must be clear and loud enough to be readily heard and understood by the carereceiver.
wow!
not a simple system. less complex than the safepath tech, but...
and then there is geckoscheduler...
wonder when ZMP is going to evaluate the full blown boogie? a carebot?
prototypes tend to be delicate. shipping could be a problem-
in conclusion, geckochat is fundamental and I don't see verbal interaction, for monologues and/or dialogues, on anyone else's personal companion robot.
gosy has much, much more than safepath to license-
I agree with Spencer, I think licensing revenues will easily precede product sales-
mo-
Mech
GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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NOT!
Just as Rule 144 doesn't prevent rog selling all of his shares in a private transaction, neither does it prevent the sheriff doing it in a court ordered sale.
Financial compliance reasons why GOSY is undervalued:
1. Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.
This is due to the requirement to expense 100% of all R&D in the year incurred. Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO. This required compliance with GAAP forces the Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
2. Federal and state tax laws also distort the true economic condition and performance of GOSY.
This is due to the requirement to prepare financials in accordance with FASB 's GAAP for tax filings. This required compliance with GAAP forces GOSY as a Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
3. European Unon (EU) accounting standards, if applied to GOSY's financials, would portray the true economic condition and performance of the company much more realistically.
This is due to the requirement to expense only 50% (not 100%) of all R&D in the year incurred. Hence since not a 100% writeoff, 50% is carried as assets on the balance sheet. This fairly reflects the net worth of a Development Stage company from the EU perspective. The EU requires only a 50% writeoff of all R&D expenditures. This simple accounting change would dramatically flip GOSY's net worth and stockholder equity deep into positive territory.
This required compliance with GAAP forces GOSY --as a Development Stage company-- to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
4. Ignoring discounted cash flow (DCF) analyses of GOSY's financial pro formas lowers the net present value (NPV) of future net profits of GOSY regardless of hurdle rate (minimum ROI) determined as sufficient for the level of risk.
Ignoring increased stockholder dividends due to significant tax loss carry forwards (which reduces taxes due for several years and hence increases the aftertax income available for distribution as stock dividends to stockholders) distorts by lowering the net present value (NPV) of future dividend payments to GOSY stockholders regardless of hurdle rate used.
The long and short of it all?
GOSY's $8,000,000 in expenditures the last 15 years does not show up on the Balance Sheet due to compliance with GAAP.
NOT because GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
Legend removal is not an issue here. Wallace is using legend removal, or not, as a Red Herring to deflect from where his position is WRONG.
Rule 144 also stipulates how many shares of a beneficial owner can be sold in a 90 day period. Rule 144 states that any holder of more than 5% is a beneficial owner. Rule 144 also states that a beneficial owner may not sell more than 1% of the total issued and outstanding in any 90 day period.
Obviously Wallace either (A) has chosen to not do the algebra, or (B) can't do the algebra.
Hence, even given SEC approval of the sale per Rule 144, only 4-5 million could possibly be sold per 90 days.
So at only .001 pps, and 5,000,000 per quarter, Wallace will need 9-12 months at the present pps to pay the $17K owed his parents since Rule 144 prevents him, or anyone else, from damaging GOSY's shareholders by "dumping." So why does Wallace work so hard to push GOSY's pps down if he "only wants to get paid?" If GOSY were at .01 pps, 2,000,000 shares would gross his father $20,000 and that could be done in ONE quarter. How's that for dysfunctional reasoning? Totally irrational, imho-
Wallace really is obsessed with the Spencers. It's not about money, it's about Wallace's sick obsession with the Spencers.
Aw Snap?
BTW, I am RIGHT!
Here's my URL confirming:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Sometimes words are not enough...
mo-
Mech
the Japanese witnessed this public, unstaged demo, too:
http://geckosystems.com/timeline/?year=2011&video=GeckoSystemsMultiVideo.mov
this was done at the Atlanta marriott?
for visiting Japanese businessmen?
wasn't this demo arranged by Hajime Yasumatsu?
great demo and great work!
BTW, aren't demo videos always "staged?" I mean you have to have a video camera "staged" and "ready."
besides, who wants to see elderly grandma first thing in the morning on a live streaming video? not only an invasion of privacy, but what loving adult children would allow such invasion of their mother's privacy?
gosy has great proprietary tech and HUGE markets!
especially in family care!
mo-
Mech
Rule 144 ALWAYS applies.
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Ask an SEC attorney that understands Rule 144, instead of avoiding its mention or reference in any manner whatsoever.
I am right.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
And NOW THIS:
http://www.geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Mech
Sooooooooooooooooooo........................... I am R I G H T!
NONE of Spencer's stock will be sold...
...by Neil Wallace, his parents, the "sheriff," or anyone else.
The IRREFUTABLE reasons why it CANNOT happen are:
1. The proposed sale VIOLATES Federal securities laws, specifically Rule 144 which governs the sale of all restricted stock, REGARDLESS of WHO is doing the selling or the circumstances.
Further, Rule 144 REQUIRES that ONLY FINRA/SEC brokers execute ANY and ALL sales.
So the sheriff does not have to comply with Rule 144?
SURE, they do!
BECAUSE:
2. Federal law ALWAYS trumps state law.
Whenever state law conflicts with Federal law, FEDERAL ALWAYS prevails and precludes enforcement of any and all state laws that conflict with Federal laws.
3. GOSY's DE attorney has demonstrated competence MANY times.
Wallace has NEVER collected ANYTHING in the 5 years of his FAILED attempts to collect monies from GOSY and/or the Spencers NOT legitimately earned by him or allegedly due his parents.
Therefore, NONE of Spencer's stock CAN be sold by Neil Wallace, his parents, the "sheriff," or anyone else.
In conclusion, the Spencers will NOT be losing majority control of GOSY since their 51% ownership is in preferred GOSY shares is NOT at risk in ANY manner, or have ANY of their common stock holdings sold, either.
Wallace has chosen to not make public the so called opinion letter he hee haws about being the "end all" solution supporting his position. Of course he won't since his position is INDEFENSIBLE.
Wallace is still sooooooooooooooooooooooooooo confused!
1. He doesnt' understand that FIVE witnesses are more CREDIBLE than ONE.
2. He doesn't understand his fathers' fifa is against Spencer personally, not the corporation.
3. He doesn't understand that Federal laws and regulations TRUMP State laws and regulations. And then whines like a spoiled 12 year school boy that no one will tell pitiful him why he is sooooooooooooooooooooooooo confused.
4. He is in complete denial of the pain he endures from his traumatic childhood and that is why he is obsessed with creating "willing victims" such as the Spencers and GOSY.
5. He believes that his great skill at deceit, prevarication and obfuscation will win the day for him.
NOT!
So, once again, words fail me.................. ta ta, #15 for the day!
So you disagree with this:
rog lies about everything. No wonder his wife left him. He probably refused to take his meds and she had enough. She's not the first wife to leave him. She's #2. Unlikely we'll see a #3. paula's not that crazy.
What about ZMP in Japan?
They are a first tier mobile robot house-
GeckoSystems Receives Independent, Third Party Mobile Robot Evaluation Results
CONYERS, Ga., September 27, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today their growing collaboration with ZMP, a premier Japanese mobile robot company, continues after a satisfactory evaluation by ZMP of GeckoSystems' SafePath™ software on one of their BaseBots™. The results of this third party validation were positive, making it an important step in solidifying this international partnership. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
This joint press release (below) was distributed by ZMP on September 24, 2012:
Business collaboration between ZMP and GeckoSystems: Report No. 2
This will involve technology exchange and joint marketing of autonomous mobile robots and next generation mobility. We have successfully completed our technical evaluation of GeckoSystems' autonomous mobile robot.
ZMP Inc. (Bunkyo-Ku, Tokyo, CEO: Hisashi Taniguchi, ZMP) and GeckoSystems International Corporation (Georgia, CEO: Martin Spencer, GSIC) announce that ZMP has successfully finished the technical evaluation of GSIC's basic technology robot platform "BaseBot" (nicknamed "Lou").
In our first press release, ZMP and GSIC announced the signing of a memorandum of understanding concerning technical exchange and joint marketing efforts in Japan, the United States and internationally. We are now moving forward to negotiation of project collaborations. The first phase of the collaboration was ZMP's technical evaluation of GSIC's basic technology platform the "BaseBot." BaseBot is a wheeled robot platform about 100cm in height that uses Kinect-type depth cameras as external sensors. The BaseBot is equipped with the basic hardware and software required to operate an autonomous mobile robot. The software of the BaseBot was high quality and had a fully developed configuration interface required to apply this technology to autonomous mobile service robots. GSIC's line includes its flagship model, the "CareBot" that uses the sophisticated navigation of the BaseBot and a more advanced user interface. Since the CareBot is mainly used for assisted living for the elderly, which is a promising market in Japan, ZMP intends to actively promote these products. The goal of both companies is to develop mobile service robot technologies and products that will enable people around the world to live a more independent, safe, and comfortable life.
Here is ZMP's PR in Japanese:
http://www.zmp.co.jp/html/press_20120924.htm
http://response.jp/article/2012/09/24/181870.html
In April GeckoSystems shipped their BaseBot, "Lou", to ZMP for this critical, independent third party evaluation. As was expected, the international shipment took time due to the necessary paperwork for the robot to clear customs and finally reach the offices of ZMP. Once the robot was unpacked, ZMP assigned a multi-lingual engineer to learn how GeckoSystems SafePath software operated using the BaseBot. This engineer communicated regularly with Mr. Spencer, GeckoSystems' CEO, and Hajime Yasumatsu, GeckoSystems' US representative. Through those communications, instructions were given and minor adjustments were made. All parties were pleased when "Lou" was able to demonstrate the company's automatic self- navigating software flawlessly, just as the company had been able to do in their own R&D laboratory and in public venues in the US.
In October, 2011, Mr. Hajime Yasumatsu, Chairman, Yasu, Inc. secured a Memorandum of Understanding (MOU) between GeckoSystems and ZMP:
http://www.geckosystems.com/investors/press_releases/20111123_ZMP_MOU.php
Shortly thereafter, in December, 2011, a formal partnership with ZMP was announced:
http://www.geckosystems.com/investors/press_releases/20111213_ZMP_about.php
In March of this year, ZMP received the first "technology transfer" from GeckoSystems:
http://www.geckosystems.com/investors/press_releases/20120328_GeckoSystems_tech_transfer_ZMP.php
In April, a BaseBot, nicknamed "Lou," was shipped to ZMP:
http://www.geckosystems.com/investors/press_releases/20120416_BaseBot_Delivered_ZMP.php
Detailed Information on the BaseBot:
http://www.geckosystems.com/markets/BaseBot.php
"ZMP's association with Hirayama & Company Patent, Design & Trademark Attorneys will help us to bring our mobile robot solutions to market in a timely and efficient manner while maintaining full ownership of all related Intellectual Property. Our Asian business development consultant, Mr. Hajime Yasumatsu, has been key in securing this breakthrough relationship with ZMP of Japan.
"I am very pleased with this positive third party evaluation from ZMP that they conducted in their private R&D lab. We have been searching for a strategic partner who is reliable, competent, and who would respect and honor our ownership of our numerous intellectual properties that comprise our mobile robot solutions. We now have further, indisputable evidence for our belief we have found that partner in ZMP.
"The development of our proprietary software has taken a long time and I would like to thank all those who contributed in this significant achievement. I would also like to thank our loyal stockholders who have stood with us during this R&D phase. I believe GeckoSystems is about to enter a new era of being a profitable Emerging Growth company," concluded Spencer.
About ZMP:
ZMP has an outstanding record of innovation and co-operation within the robotics community. ZMP was born out of the Kitano Symbiotic Systems Project, which was sponsored by the Japanese government to push technology forward. ZMP collaborates regularly with Japanese Universities and Technological Institutions and provides robotic teaching tools
In 2008 ZMP began a collaborative effort with three other Japanese companies, Business Design Laboratory (BDL) Nagoya, Vstone Co. of Osaka and Tmsuk of Fukuoka. The purpose of this group effort was to improve the competitive position of Japanese robotics in the face of the Korean government's strong government support of the robotics industry. These four Japanese companies joined together for cooperative research, development and marketing of next generation robotic applications for home and consumer use.
ZMP Inc. Co., Ltd.: http://www.zmp.co.jp/
Head Office: Koishikawa, Bunkyo-Ku, Tokyo / CEO: Hisashi Taniguchi
Our vision is to be a company contributing to safety environment and power-saving for next generation mobility. Based on robot developments and sales of 4,200 units over 10 years, we target the following five projects, "Platform for the development of next-generation vehicles," "Robot motion control technology license," "Sensors and image recognition solutions, " "Lithium-ion battery system, " and "Research and educational robot for universities and companies." Our company was founded in Jan 2001, for a technology transfer by Japan Science and Technology Agency in Ministry of Education, Culture, Sports, Science and Technology. We received numerous awards, "Practical use of technology award" by Japan Robotics Society, "Grand Prize (Economy, Trade and Industry Minister Award), SME Venture Prize (Small and Medium Enterprise Agency Director-General Award), Organization for Small & Medium Enterprises and Regional Innovation Award" by Ministry of economy, trade and industry. We will continue to create innovative products using robotic technology and services.
*RoboCar is a trademark of ZMP Inc.
GeckoSystems is proud to update its thousands of stakeholders as to their ongoing collaboration with ZMP and has prepared an overview of the company for the U.S. investment community on their website. This page of introduction has been reviewed and authorized by ZMP management in Japan.
So you agree the next step for GOSY is to raise $250,000 so they can do BETA trials?
Blame Wallace for that not happening, yet.....
Hasn't GOSY been saying that BETA trials, not just more alpha, are the next step for 1-2 years now?
Beta testing follows, and may be intertwined with alpha trials is why I ask.
At least that is typical from what I know-
Don't you agree?
mo-
Mech