CONYERS, Ga., May 18 /PRNewswire/ -- GeckoSystems Intl. Corp. (Pink Sheets: GCKO) announced today their eldercare capable personal robot sales forecasts for the years 2010 to 2014. GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service(tm)."
"We have always been a market driven company. At the time of our founding, nearly twelve years ago, we did extensive primary market research to determine the demographic profile of the early adopters of our then proposed CareBot(tm) MSR product. Subsequent to, and based on that original market research, we have assembled numerous focus groups to evaluate the benefit of our CareBots' design goals into the participant's lives and their expected usage. We have also frequently employed the Delphi market research methodology. We used factual, statistically valid data of internally performed primary and secondary market research, and third party research by reputable organizations such as the U.S. Census Bureau, MetLife, ABI Research, Strategy Analytics, the United Nations, et al. While our forecasts may seem optimistic, their magnitude does explain the formidable international competition we face from Japan, South Korea, France, Germany and the U.S. For example, the Japanese government has granted over $100M in R&D funding for the successful development of eldercare home robots amongst their leading international manufacturers in the last ten years," elaborated Martin Spencer, President/CEO.
"We project the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2010 to be $74.0B, in 2011 to be $77B, in 2012 to be $80B, in 2013 to be $83.3B, and in 2014 to be $86.6B. With market penetrations of 0.03% in 2010, 0.06% in 2011, 0.22% in 2012, 0.53% in 2013, and 0.81% in 2014, we will anticipate sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. We expect these sales despite -- and perhaps because of -- the present recession due to pent up demand for significant cost reduction in eldercare expenses," concluded Spencer.
About GeckoSystems International Corporation:
In the nearly twelve years since its founding, GeckoSystems has developed a suite of proprietary, fundamental technologies that enable their robots to automatically self-navigate the home or workplace using advanced sense and avoid technologies for reliable, unattended collision avoidance while patrolling, following and/or errand running. The Company's business model is very much like that of an automobile manufacturer.
The Company's mobile robot solutions are appropriate for the consumer, professional healthcare, commercial security/public safety and defense markets. The consumer needs cost effective family care assistance for their children, chronically ill, and elderly family members with remote monitoring and adverse event notification. Professional healthcare needs cost effective errand running, portable telemedicine, etc.
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.
Contact: http://www.GeckoSystems.com or Investor Relations: 1-866-227-3268 International: +1 678-413-9236
|SOURCE GeckoSystems Intl. Corp.|
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