GeckoSystems Ready for Explosive $15B Growth in Personal Robots

March 18, 2009

CONYERS, Ga., March 18 /PRNewswire-FirstCall/ — GeckoSystems Intl. Corp. (Pink Sheets: GCKO) announced today that their multi-tasking personal robot product, the CareBot(tm) MSR, satisfies the requirements indicated by ABI Research to penetrate this growing marketplace.

The report from ABI Research is predicting that by the year 2015, people will probably be willing to spend as much for a multi-tasking humanoid robot as they would for a new car. “Within six years, the personal robot market will likely balloon to $15 billion,” said Philip Solis, an analyst at the New York-based research firm.

GeckoSystems’ suite of mobile robot solutions includes automatic self navigation software (GeckoNav(tm)), verbal interaction for voice control and responses (GeckoChat(tm)), and automatic person following (GeckoTrak(tm)) from their multi-tasking humanoid personal robot, the CareBot.

“Consumers will become eager to spend extra money on multitask robots that can perform effectively,” continued Solis. “There is money to be made in personal robots, specifically within the task and entertainment segments.”

“We are very pleased to learn that a prestigious, international market research firm has independently determined that this emerging marketplace’s expectations as to price and functionality are exceeded by our CareBot product line of personal robots,” commented Martin Spencer, President/CEO of GeckoSystems. “With the proprietary R&D of GeckoSystems, we anticipate as much as 10-15 percent penetration in the next 5-7 years. Our CareBots multi-task constantly and perform their assigned activities in order to have actionable situational awareness and the ‘common sense’ to respond appropriately.”

GeckoSystems’ mobile robot solutions are appropriate for the consumer, professional healthcare, commercial security/public safety, and defense markets.

ABI Research is a leading market research firm focused on the impact of emerging technologies on global consumer and business markets. Utilizing a unique blend of market intelligence, primary research, and expert assessment from its worldwide team of industry analysts, ABI Research assists hundreds of clients each year with their strategic growth initiatives. Visit www.ABIResearch.com +1.516.624.2500.

Safe Harbor:

Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company’s future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.


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SOURCE GeckoSystems Intl. Corp.

Source: newswire

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