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I understand how a carebot is supposed to perform.
The fact remains that it doesn't perform as it is supposed to.
GeckoSystems Sponsors Magnet High School's FIRST Robotics Team
CONYERS, GA--(Marketwire - March 24, 2011) - GeckoSystems Intl. Corp. -- a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service™," (PINKSHEETS: GOSY) (www.geckosystems.com/) -- announced its sponsorship of Rockdale Math and Science Magnet High School's FIRST Robotics Team.
Rockdale Math and Science Magnet High School focuses on the fields of mathematics, sciences and technology. It provides college-level courses to better prepare its students for the ever-demanding and evolving business environment in the 21st century. FIRST (For Inspiration and Recognition of Science and Technology) is an organization that inspires young people to strive for outstanding innovation in the field of science and technology. The organization is also home to its annual Robotics High School National Competition (FRC).
The school's FIRST team, known as the Rockdale Magnet Engineering Team, was mentored by GeckoSystems CEO and President R. Martin Spencer as well as the company's Robotics Engineer Kevin O'Connor. GeckoSystems will provide additional support or added assistance to the team. Mr. Spencer and Mr. O'Connor both have extensive experience in the field of robotics with a total of 8 years experience in the FIRST program and FRC.
"As a company that does extensive development of mobile robot technology, GeckoSystems will be able to introduce the students to the real world applications of some of the principles they may be using in the FRC competition," stated Mr. O'Connor.
As the engineering team prepared for the Robotics Competition, they truly valued the expertise and experience GeckoSystems provided.
"Kevin (O'Connor) has been a terrific asset to the team as a mentor. He's provided terrific support for our programmers, electrical help and insight into what the students need to be doing from someone who has actually competed recently. Just as importantly he's been willing to talk with many of the students about engineering in college and beyond," stated David Bonar, Physics and AP Physics Teacher at Rockdale. "In connection with this, I am pleased to say that we are listing GeckoSystems as one of our sponsors on the robot, our team shirts, and in our pit area."
Added student Mark Meyers: "The GeckoSystems team was also very helpful to us in my school First Robotics Competition. They sponsored us by helping us with coding and ideas for how to make the (robotic) design in general. The most incredible part is that they contacted us asking if they could help. It was our first year at that competition and we wouldn't be anywhere near as successful as we were. They helped with writing code and they were up to date with all of the necessary technology."
Recently the faculty sponsors and some of the team members visited GeckoSystems R&D laboratory for live demos of various GeckoSystems' technologies. (See YouTube video links at the end of this press release.)
The students and faculty were extremely impressed with GeckoSystems' flagship product, the CareBot™. The engineering team was in continual awe of its innovative capabilities and important benefits.
"As a teacher, it was awesome to be able to show students real world engineering with cutting edge technology. As you emphasized to the students, engineering problem solving involves working with the real world which can be very different then the often idealized world that is presented in schools," stated Mr. Bonar. "Learning about how GeckoSystems has dealt with both standard problems such as egg-shaped wheels and more specific challenges such as developing a first of its kind navigation system using the Microsoft Kinect as a sensor was an invaluable experience for students who are interested in engineering careers."
Bonar added: "GeckoNav™ was a particularly interesting aspect of the robot. The fluid motion of the robot in both the wandering mode and the target seeking mode was impressive. GeckoChat™ was not as immediately impressive but is even more critical to the success of a service robot. The combination of scheduled verbal interaction for reminders, the random jokes and quotes for a more human feeling, and the potential for two way communication via the robot seems to be a great match for the intended role of the robots."
Mr. Meyers added: "GeckoChat™ was the high point in my opinion. The CareBot™ robot was able to tell jokes, say famous quotes, and even play games. The quotes and jokes were even set to go off at certain times of the day or every so many minutes. Something that was also notable about the chat was the fact that you could set reminders to go off in however long you needed them, whether it was 15 minutes or a week. This would be especially important to remind people to take medications or things of that sort."
"GeckoNav was thoroughly impressive. The way the software manages to generate pathways that allow it to avoid obstacles while maintaining a smooth travel path is perfect for the robot. In a domestic setting, an erratic travel pattern would not be tolerated very long by most," stated Rockdale Teacher Kenny Baskett. "Furthermore, your use of the Microsoft Kinect is brilliant. It's a testament to the quality of you and your team that you have managed to get this working before anyone else in the world."
GeckoSystems officials believe that sponsorships with schools such as Rockdale that promote the fields of science and technology will bring awareness to the advancements made in robot innovation. From the response of the engineering team, that feeling is mutual.
Said Mr. Meyers: "I still, to this day, cannot wait to see the finished (robotic) project, and even hope that my occupation will one day use technology innovated by GeckoSystems."
There are COURT documents, submitted upon penalty of perjury, posted here:
http://www.geckosystems.com/W_W_W
Plenty of substantive EVIDENCE there-
Don't you agree?
mo-
Mech
What facial recognition capabilities?
Please provide a URL-
I see no press releases or any mention anywhere on GOSY's website directly or indirectly indicating that facial reco was included, or needed for that matter...
Why is that required for Grandma's living alone?
For intruder detect?
Just counting the number of warm bodies will let the Carebot know if an unexpected person is present, a "possible" intruder.
How does one video the fall detection capability and it not be criticized for being staged? How does one NOT stage that demo such that it is not disputed and mocked?
Only a live demo is my answer-
BTW, those that have never seen a live demo of any mobile robot at any time are the most skeptical.
Don't you agree?
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
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
Over 120 public videos of CareBots in action!
4 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2011
4 eldercare alpha trial videos:
(Some with elderly family members, now deceased. The family members were never in assisted care or nursing homes, but allowed to stay at home with dignity and privacy. Family is always first with GeckoSystems. Most folks consider "family first," too.)
http://www.geckosystems.com/timeline/?year=2010
18 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2009
http://www.geckosystems.com/timeline/?year=2007
12 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2006
5 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2005
16 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2004
60 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2003
http://www.geckosystems.com/timeline/2002/images/DCP00216.jpg
http://www.geckosystems.com/timeline/2001/images/DCP00206.jpg
http://www.geckosystems.com/timeline/2000/images/Pow%20Wow%20photo%2002.JPG
http://www.geckosystems.com/timeline/1998/images/imageFPK.JPG
Over 100 videos in public venues viewed by non GOSY affiliates, authenticating the reality of GOSY's world class "mobile robot solutions for safety, security, and service."
No joysticks, no "man behind the curtain," and no "staged" demonstrations!
Facts be facts-
Is this ZMP evaluating GOSY's BaseBot?
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
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/
So are you going to become a carebot dealer or not?
Sounds like a private demo is the only way some can be convinced?
Perhaps you should email them and ask for one?
I don't mind if you tell them that Mech told you to ask-
Wonder if the mangy mongrel Alexander S. Newell is still capably assisting the notorious, flyash Wallace in his harassment of GOSY and the Spencers?
Why does Newell believe MacLeod's delusions?
Let's face it, it is well established that MacLeod is morbidly obese. He has fat clogged arteries to his brain that prevent him from understanding that he is doomed in his "short attack" on GOSY.
It is readily apparent that Alexander S. Newell is one of the pack of flea bitten, mangy, feral dogs harassing GOSY and its associates from the facts presented here:
http://www.geckosystems.com/W_W_W
GOSY will continue to prevail over any and all of Newell's ongoing attempts since Newell never wins, just hides, whines and complains like the sick, mangy dog he is.
That has been shown many, many times as is documented here:
http://www.geckosystems.com/W_W_W
Yes, it is true:
Federal laws TRUMP state laws. Newell foolishly believes that Wallace's DE corruption of due legal process cannot be TRUMPED by Federal laws. Yes, Alexander Newell lives in the Weird World of Wallace, too.
If I were MacLeod, I would sure NOT be relying at all, in any way, on mangy, flea bitten Newell. Newell must be desperate for approval from older male authority figures to be such a pawn of MacLeod's to be complicit in Wallace's and MacLeod's illicit activities regarding GOSY.
Wallace has sure hee hawed how much he despises the Spencers' TPO and how his 400+ violations "don't matter." Wallace exploited the lack of Va jurisdiction to preclude the Spencers from getting a Permanent Protection Order.
Don't you agree that Newell is foolish for being in this pack of flea bitten, mangy, feral dogs of Wallace, MacLeod, Aziz, Dalhaus, and Newell harassing GOSY to drive the pps down and deliberately damage 1300+ stockholders?
Isn't that against SEC Regs, BIG TIME?
Especially Rule 144?
Will they ALL be named in the FBI's Criminal RICO investigation for their pattern of illegal stock manipulation of GOSY?
Just askin'
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
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
Yes, you're right, Wallace is very scared of the indisputable facts here:
http://www.geckosystems.com/W_W_W
Unless one has read the important, factual information there, one probably doesn't realize that...
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
Over 120 public videos of CareBots in action!
4 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2011
4 eldercare alpha trial videos:
(Some with elderly family members, now deceased. The family members were never in assisted care or nursing homes, but allowed to stay at home with dignity and privacy. Family is always first with GeckoSystems. Most folks consider "family first," too.)
http://www.geckosystems.com/timeline/?year=2010
18 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2009
http://www.geckosystems.com/timeline/?year=2007
12 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2006
5 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2005
16 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2004
60 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2003
http://www.geckosystems.com/timeline/2002/images/DCP00216.jpg
http://www.geckosystems.com/timeline/2001/images/DCP00206.jpg
http://www.geckosystems.com/timeline/2000/images/Pow%20Wow%20photo%2002.JPG
http://www.geckosystems.com/timeline/1998/images/imageFPK.JPG
Over 100 videos in public venues viewed by non GOSY affiliates, authenticating the reality of GOSY's world class "mobile robot solutions for safety, security, and service."
No joysticks, no "man behind the curtain," and no "staged" demonstrations!
Facts be facts-
Is this ZMP evaluating GOSY's BaseBot?
did Wallace, MacLeod, or others known to you that have no reason to lie to you, tell you that?
since there is no URL to substantiate those claims is why I ask-
otherwise, seems to me that Wallace, MacLeod, or others known to you that have no reason to lie to you, did lie to you...
bummer!
3rd party proof of their constant lying, whether forging signatures, corrupting due legal process, or just outright fraud is here:
http://geckosystems.com/W_W_W/
one will need to read carefully and reflect on the substance of all these documents to fully comprehend the scope of Wallace's and MacLeod's depravity.
again, that URL is:
http://geckosystems.com/W_W_W/
sorry to learn that Wallace and MacLeod continue to lie to you-
otherwise there would be URL's to support your demonstrably erroneous claims here as is readily revealed here:
http://geckosystems.com/W_W_W/
we all regret their constant lies, prevarication, distortion and deceit, don't we?
again, here is the URL that contains all the 3rd party substance you will need to understand the reasons why these two are so notorious-
no doubt Wallace and MacLeod are celebrating their partnership in the massive naked shorting of gosy recently-
so now they will start hee hawing how gosy is no good, etc. and no doubt vilify the management and his staff since they cannot criticize the tech and/or markets-
personal vilification is all they have to attack the company with-
gosy has the truth as is clearly depicted here:
http://geckosystems.com/W_W_W/
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
Wonder if more news is coming soon from GOSY?
GeckoSystems, a Mobile Robot Company, Updates 1300+ Shareholders
CONYERS, Ga., Feb. 15, 2013 /PRNewswire/ -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) would like to update our investor community as to the activities we have been engaged in during the past year and anticipate this year. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."
Marketing – a priority in 2012 and 2013
Last year, 2012, was a very busy year for GeckoSystems and we are excited about this new year! The improved confidence in the US economy along with our ability to successfully demonstrate our proprietary software on the CareBot™ and the SafePath™ wheelchair has increased the level of inquiries and joint venture discussions.
We are most excited about our continued activities in Japan. We have opened a small marketing office in that country with a representative working on joint ventures for GeckoSystems. He has arranged for a demonstration of our BaseBot™, "Lou," at ZMP for a Japanese manufacturing company. This demonstration is scheduled to take place next week.
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/
Geckochat and scheduler are awesome!
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
GeckoSystems, a Mobile Robot Company, Updates 1300+ Shareholders
CONYERS, Ga., Feb. 15, 2013 /PRNewswire/ -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) would like to update our investor community as to the activities we have been engaged in during the past year and anticipate this year. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."
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
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
Over 120 public videos of CareBots in action!
4 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2011
4 eldercare alpha trial videos:
(Some with elderly family members, now deceased. The family members were never in assisted care or nursing homes, but allowed to stay at home with dignity and privacy. Family is always first with GeckoSystems. Most folks consider "family first," too.)
http://www.geckosystems.com/timeline/?year=2010
18 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2009
http://www.geckosystems.com/timeline/?year=2007
12 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2006
5 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2005
16 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2004
60 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2003
http://www.geckosystems.com/timeline/2002/images/DCP00216.jpg
http://www.geckosystems.com/timeline/2001/images/DCP00206.jpg
http://www.geckosystems.com/timeline/2000/images/Pow%20Wow%20photo%2002.JPG
http://www.geckosystems.com/timeline/1998/images/imageFPK.JPG
Over 100 videos in public venues viewed by non GOSY affiliates, authenticating the reality of GOSY's world class "mobile robot solutions for safety, security, and service."
No joysticks, no "man behind the curtain," and no "staged" demonstrations!
Facts be facts-
Is this ZMP evaluating GOSY's BaseBot?
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/
Good questions, Terry! I note the prevarication and deflection from them. That is insightful to me.
a dumb hillbilly opinion-
Mech
Yes, I understand the "fog of war" and "combat" power-
The vertical and horizontal field of view (FOV), granularity and update rate are are physics real and not to be denied....
Physics is what enables planes to fly, same, same for "SAA" or obstacle avoidance to work-
One could call into Rolla and see if I am right-
More opinion from an Ozark hillbilly appreciative of the insight as to how to walk in a straight line with ridge runnin' legs,
Mech
It's my Ozark hillbilly opinion based on my many previous proclamations-
Unless one is an insider, how would one know for sure?
Loooooooow probability is my opinion-
Mech
I do not dispute that possibility.
I question the probability.
I see it as very low......
What's the point in RSing a tripz pos?
Just watched this video, too-
Excellent credentials!
The issue is now granularity of the FOV, both horizontal and vertical. Granularity has to do with the spacing of the "gaps" in the picket fence, or "holes" in the FOV that enable obstacles to hit you since too small to see. Or like having the right hand side of the road well lit, but the left side not at all. Natch you get clobbered by something from the left!
Then you have update rate for those vision systems. Good ones are 50ms for the entire FOV, vert and horiz. Most are not that good and they are the size of a coffee can and weigh several pounds.
Sorry, but a little bitty UAV with a 2 pound payload ain't gonna carry 8-10 lbs, 3 or 4 times to get sufficient vert and horiz FOV-
Ain't simple at all!
A very respectful of your decades of being a test pilot,
Mech
Hiya feller Hillbilly!
Well robotics and electronics are close but not the same. HALB’s airframes have existing flight controls that are electronically controlled. In this case you only need the sensors and some electronics to manipulate the flight controls. There would be no need for massive amounts of weight with robotics when you have existing components that can be manipulated with small electronics.
Unfortunately I am an Ozark hillbilly offspring born of one second and one third cousin, so I ain't too bright when it comes to believing just anything-
So why the pump 'n' dump going here if Porrato, an alleged wife beater, is not involved?
Who is the puppet master then?
Why did HALB go with a no name SAA company in central Europe instead of someone real like GOSY?
Just my one short leg, one long leg, hump back Ozark hillbilly opinion,
Mech
HALB Yep developmental for 24 weeks. Don't you think they could sell something or have a viable product in 2-4 days? Instead they have $8,000,000.00 shareholder deficet and no products or sales.
And HALB has NO IP at all.....
No REAL sales since No REAL IP....
Just my hillbilly opinion...
Mech
My guess is the buyer would bring a derivative action within six months.
...but after he reads about gosy being involved in a protracted legal war with a crazed idiot lawyer, I suspect he'll back away like everyone else.
Why does Newell believe MacLeod's delusions?
Let's face it, it is well established that MacLeod is morbidly obese. He has fat clogged arteries to his brain that prevent him from understanding that he is doomed in his "short attack" on GOSY.
It is readily apparent that Alexander S. Newell is one of the pack of flea bitten, mangy, feral dogs harassing GOSY and its associates from the facts presented here:
http://www.geckosystems.com/W_W_W
GOSY will continue to prevail over any and all of Newell's ongoing attempts since Newell never wins, just hides, whines and complains like the sick, mangy dog he is.
That has been shown many, many times as is documented here:
http://www.geckosystems.com/W_W_W
Yes, it is true:
Federal laws TRUMP state laws. Newell foolishly believes that Wallace's DE corruption of due legal process cannot be TRUMPED by Federal laws. Yes, Alexander Newell lives in the Weird World of Wallace, too.
If I were MacLeod, I would sure NOT be relying at all, in any way, on mangy, flea bitten Newell. Newell must be desperate for approval from older male authority figures to be such a pawn of MacLeod's to be complicit in Wallace's and MacLeod's illicit activities regarding GOSY.
Wallace has sure hee hawed how much he despises the Spencers' TPO and how his 400+ violations "don't matter." Wallace exploited the lack of Va jurisdiction to preclude the Spencers from getting a Permanent Protection Order.
Don't you agree that Newell is foolish for being in this pack of flea bitten, mangy, feral dogs of Wallace, MacLeod, Aziz, Dalhaus, and Newell harassing GOSY to drive the pps down and deliberately damage 1300+ stockholders?
Isn't that against SEC Regs, BIG TIME?
Especially Rule 144?
Will they ALL be named in the FBI's Criminal RICO investigation for their pattern of illegal stock manipulation of GOSY?
Just askin'
mo-
Mech
Here is why Wallace is "too low to kick, and too slimey to stomp on:"
He thinks this is irrelevant because he has NO compassion, NO empathy, NO spark of humanity...
Are those all common traits of a sociopath?
Here's why I applaud the Spencers' 15+ years of hard work!
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
I agree with you, Terry!
HALB has the proverbial snowball's chance in hell to land any kind of contract that can be SUBSTANTIATED-
mo-
Mech