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GeckoSystems Evaluates Europe's Robotic Wheelchair Market
Date:4/16/2012

CONYERS, Ga., April 16, 2012 /PRNewswire/ -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) -- is closely reviewing the scope and size of the European market for its "SafePath Enabled(tm)" wheelchair technology. As a result of recent enhancements to GeckoNav(tm), the company is now calling their suite of fundamental mobile robot solutions for automatic, self-navigation: "SafePath Enabled(tm)." GeckoSystems is a dynamic leader in the emerging mobile robotics industry, revolutionizing the development and usage of "Mobile Robot Solutions for Safety, Security and Service(tm)."

The number of wheelchairs per year projected for sale in the European market: 

France...........................110,000
Germany........................120,000
United Kingdom..............270,000
Italy...............................100,000
Rest of Europe...............270,000
Total for Europe.............870,000

Assuming only 10% of those purchasers need and can afford a SafePath Enabled chair upgrade, annual market projections for this market would be 87,000 SafePath wheelchairs. If the company earns only $100 per wheelchair, annual revenues from this niche market for GeckoSystems would be $8,700,000.  More realistically, the licensing per wheelchair would run $250 per unit and 25% of the chairs sold annually would have the SafePath upgrade.  This would result in $54,375,000 in annual revenues for GeckoSystems. 

Additionally, GeckoSystems anticipates marketing automatically calibrated SafePath retrofit kits.  Estimated sales of the kits would be 87,000 units for the first several years.  Demand would taper off as pent up demand is satisfied.  These kits would require software licensed exclusively from GeckoSystems and the company anticipates add
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SOURCE GeckoSystems Intl. Corp.
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