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GeckoSystems' CEO Traveling to Japan to Sign $10M Robotics Joint Venture
GeckoSystems' CEO Traveling to Japan to Sign $10M Robotics Joint Venture.
About this update from Geckosystems International Corp
[{"type":"text","content":"CONYERS, GA--(February 23, 2016) - GeckoSystems Intl. Corp. (OTC: GOSY | http://www.geckosystems.com/) announced today that their CEO will be flying to Japan in mid March to consummate a joint venture with the premier Japanese robotics firm, IC-Japan. For over eighteen years GeckoSystems has dedicated itself to development of \"AI Mobile Robot Solutions for Safety, Security and Service(tm).\"\"I am pleased to report that due to the continued hard work of our longtime Japanese representative, Mr. Fujii Katsuji, we have again achieved demonstrable progress securing viable joint ventures in Japan. This latest, one of several joint ventures ongoing and/or being entertained, is particularly significant due to the breadth and depth of the robotics expertise of this company and their insistence we meet them as soon as possible in Japan to sign a JV agreement,\" commented Martin Spencer, CEO, GeckoSystems Intl. Corp.Here's why:Mr. Katsuji found IC-Japan while looking for technologists with the appropriate education, skills and experience to assist Fubright Communications, Ltd. and the company in migrating its automatic self-navigation mobile robot software, GeckoNav(tm), to SoftBank Robotics' Pepper robot such that it would have cost effective, utilitarian mobility and be less of a novelty and more practical in its benefits and value proposition.At this time, there are approximately 2,200,000 million Japanese over 65 living alone. Their greatest fear is to die alone and that their demise not be known to others for a few days. For this reason and many others, the Japanese government pays 90% of the cost of personal robots used for eldercare such that concern would be well addressed. Further, the Japanese government is paying 75% of the R&D costs to develop robotic healthcare solutions for greater productivity to provide more economic care giving for their extraordinarily large senior population.This new partner is unsure of the mass appeal of the Pepper robot with its present value proposition and wishes to address other, proximate market opportunities. They believe there is a significant, near term market in Japan for eldercare robots and want to explore all scenarios including, but not limited to, the Pepper robot as stated by Mr. Nebeta:\"We are very much looking forward to meet with Mr. Spencer and discuss the large Japanese mark...