CONYERS, Ga.--(BUSINESS WIRE)--
GeckoSystems Intl. Corp. (Pink Sheets: GOSY) (http://www.GeckoSystems.com) announced today that significant funding negotiations are ongoing and revenues anticipated in the near-term. For over twenty years, GeckoSystems has dedicated itself to development of “AI Mobile Robot Solutions for Safety, Security and Service(tm).”
“We presently have several six and seven figure funding negotiations initiated and ongoing. As one of only three publicly traded US AI robotics companies, we continue to gain traction in the marketplace sufficient for us to anticipate revenues by year’s end and NPBT in 2018,” stated Martin Spencer, CEO, GeckoSystems Intl. Corp.
Recently, an internationally renowned market research firm, Research and Markets, again named GeckoSystems as one of the key market players in the mobile robots’ industry.
The Mobile Robots Market is projected to witness a compound annual growth rate of 14.35% to reach a total market size of US$16.943 billion by 2022, from US$8.665 billion in 2017. Mobile robots refer to non-stationary robots that operate without human intervention. The major growth driving factor for this market is the increasing demand for mobile robots in various sectors such as logistics, warehousing, medical and healthcare, and defense. Conversely, the major limitations are the high cost of manufacturing coupled with time-consuming research and development, marketing and manufacturing. https://www.researchandmarkets.com/publication/mhqtik7/4306283
“GeckoSystems has been recognized by Research and Markets for several years now. It is the most comprehensive report of the mobile robots’ industry to my knowledge. It is an honor that they recognize the value of our proprietary AI robotics Intellectual Properties. Our suite of AI robot solutions is well tested, portable, and extensible.
“We continue to have numerous ongoing joint venture and/or licensing discussions, not only in the Pacific Rim and EU, but also in the US. I am also pleased that as the mobile service robotics industry begins to offer real products to eager markets our capabilities are being recognized. On another note, we have declined some relationships due to insufficient ROI for our investors. We remain completely committed to providing our 1300+ shareholders the ROI they deserve. They should be confident that we expect to be signing numerous multi-million-dollar licensing agreements to further substantiate and delineate the reality that GeckoSystems will enjoy additional licensing revenues to further increase shareholder value,” concluded Spencer.
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About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies for over twenty years. It is CEO Martin Spencer’s dream to make people’s lives better through AI robotics technologies.
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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