Posted in | Consumer Robotics

GeckoSystems Signs Linchpin Agreements with Qingdao Yuanqi Intelligent Robotics

GeckoSystems Intl. Corp. announced today the signing of linchpin agreements with Dr. Peng Xu, CEO of Qingdao Yuanqi Intelligent Robotics Co., Ltd. For over seventeen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."

Since the first of the year, two critical documents have been negotiated and effectuated with Dr. Xu, a bilateral Non-Disclosure Agreement (NDA) and Memorandum of Understanding (MOU). The MOU includes the safety clause that GeckoSystems requires in all its initial agreements. Due to Dr. Xu's advanced education and experience as a Master Roboticist, he readily understands the significance of GeckoSystems' safety clause.

"Personally, I am very pleased that Dr. Xu has chosen to continue his dialog and negotiations with us since his having left Haier Robotics," reflected Martin Spencer, CEO, GeckoSystems Intl. Corp.

Dr. Xu was formerly with Haier Group, http://www.haier.net/en/about_haier/, as CEO of Haier Robotics, which he left to found Qingdao Yuanqi Intelligent Robotics Co., Ltd., a wholly owned subsidiary of Qingdao Techen Enterprise. During his tenure at Haier, he was responsible for negotiating and executing a similar NDA and MOU with GeckoSystems.

Our "window on Asia" for some years, Mr. Hajime Yasumatsu remarked, "He (Dr. Xu) left Haier Robotics as (the) Chairman, Mr. Chen Fujun, of a smart meter company called 'Techen,' invested some fund money."

At the request of Dr. Xu, while he was at Haier, GeckoSystems sent them a comprehensive video history depicting the legacy of their personal robot development over the last 15+ years in 127 video files in multiple formats in 16 folders totaling 7.84GB on a DVD. Many are in higher resolution than what YouTube historically supported. The prototypes range from the 1998 "P3b2" to "Kandy" in 1999, "Bertha" in 2001, "Emily" in 2003, "Lucy" in 2009, and "Martha" in 2011, the first CareBot(tm) to use depth camera based navigation. These videos represent six distinct generations of the company's personal mobile robot development, each more refined and capable than the last.

Also included are videos of GeckoSystems' SafePath(tm) enabled power wheelchair using their fundamental, proprietary mobile robot solutions originally developed for the CareBot, an Intelligent Family Care Assistant (IFCA).

The most recent GeckoSystems' prototype, a BaseBot(tm) named "Lou," was sent to Japan in 2013 and evaluated by well-respected robotics company ZMP (http://tinyurl.com/pmtm8kc). Since the first of the year, iXs Research Corp. has evaluated the BaseBot and prepared a video demo of "Lou" to verify GeckoSystems' AI software and hardware mobile robot solutions to real time sense and avoid unmapped and/or moving obstacles. This video may be viewed at: http://t.co/NqqM22TbKN

China is already the world's fastest-growing market for industrial robots, according to the International Federation of Robotics, an industry group based in Germany. Robot sales to mainland China have increased 25 percent, on average, every year from 2005 to 2012, reaching 23,000 robots last year. Only Japan purchases more robots than China annually. The IFR predicts China will be the top market by 2016. http://tinyurl.com/kak95ew

"Our expanding relationships are not limited to China. We also continue to enhance and augment our Japanese and US relationships. Recently, by using social media outlets, we have been able to keep our 1300+ stockholders updated via LinkedIn, Twitter, and GeckoSystems.com. We are pleased that we moved to 'Limited Information' OTC status earlier this year and look forward to returning to 'Current Information.' We are continuing our commitment to marketing and licensing our AI software solutions in the U.S. and abroad in order to limit dilution of our stock and maximize shareholder value," concluded Spencer.

Source: http://www.geckosystems.com/

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