CONYERS, Ga., May 14 /PRNewswire-FirstCall/ -- GeckoSystems Intl. Corp. (Pink Sheets: GCKO) announced today their Pacific Rim personal robot sales forecasts in the eldercare markets 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)."
For over ten years the company has had numerous market size discussions with significant international firms in China, Japan, South Korea, Hong Kong, and Taiwan. The Delphi market research methodology indicates two disparate markets in China: One is the very large market segment (i.e. many millions of families) of new millionaires looking to make prestige purchases of new Buicks, etc. Last month GM sold over 38,000 Buicks in China. At an annual run rate of over $10B, these prestige purchasers are very profitable for GM and can be for GeckoSystems. The other significant Chinese market is for care of the 20,000,000 plus elderly living in dormitories due to their only child working in the industrialized cities. These two market segments alone indicate a Chinese marketplace of several billions of dollars in the next five to seven years.
In the last decade, the Japanese government has granted over $100M in aggregate R&D funding to their leading international manufacturers to develop personal robots suitable for eldercare. Sources within the Japanese government project their domestic market to range from $26B in 2010 and to nearly $70B by 2025 for personal robots.
"Consequently, at minimum, we project the available Pacific Rim market size in dollars for cost effective, utilitarian, multi-tasking personal robots suitable for eldercare in 2010 to be $22.0B; in 2011 to be $23B; in 2012 to be $24B; in 2013 to be $25B; and in 2014 to be $26B. With market penetrations of 0.009% in 2010, 0.024% in 2011, 0.077% in 2012, 0.29% in 2013, and 0.61% in 2014, we expect international sales, from these consumer markets only, of $2.0M, $5.5M, $18.5M, $72.6M, and $158.6M, respectively," stated Martin Spencer, President/CEO, GeckoSystems.
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 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. The Company's business model is very much like that of an automobile manufacturer.
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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