CONYERS, GA -- April 5, 2017 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink
Sheets: GOSY OTC Current| http://www.GeckoSystems.com/) announced today that
substantive progress has been achieved by securing their Safety
Clause Non-Disclosure Agreement (NDA) with the premier Chinese
mobile service robot company, Suzhou Pangolin Robot Corp., Ltd.
(http://en.csjbot.com/) For over nineteen years
GeckoSystems has dedicated itself to development of "AI Mobile
Robot Solutions for Safety, Security and Service(tm)."
We have always held that nothing is more important than safe
usage of our suite of enabling mobile robot technologies. While
this may seem to be an easy step for any good corporate citizen, we
have been surprised on several occasions when significant
international firms have declined this commitment. Some have
declined to sign off after having verbally committed. Consequently,
until we have mutually binding agreement, signed by corporate
officers, we simply do not reveal any non-public information,
stated Martin Spencer, CEO, GeckoSystems Intl. Corp.
GeckoSystems Safety Clause:
Both parties understand and agree with the general concerns
that mobile robot solutions may be used to lethally harm persons,
other living things, property, and a country's infrastructure if
terrorists, criminals, or other private or public enemies of peace,
security, and tranquility were to secure access to and/or use of
them. Therefore, both parties completely agree that MSR safety is
of the greatest importance in the utilization of MSR technologies.
All MSR technologies shared by both parties in any manner will be
treated with the utmost secrecy and respect due to that reality and
potential.
Since Suzhou Pangolin Robot Corporations primary focus is mobile
service robots functioning as restaurant waiters to take menu
orders and deliver meals to tables, they are interested in
licensing GeckoSystems proprietary, AI breakthrough technologies
enabling human quick sense and avoid of unmapped and/or moving
obstacles that enables a loose crowd level of mobile robot
self-navigation.
The safety requirement for human quick WCET reflex time
in all forms of mobile robots:
In order to understand the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why
another Chinese robotics company desires a business relationship
with GeckoSystems, its key to acknowledge some basic realities for
all forms of automatic, non-human intervention, vehicular
locomotion and steering.
1. Laws of Physics such as Conservation of Energy, inertia, and
momentum, limit a vehicles ability to stop or maneuver. If, for
instance, a cars braking system design cannot generate enough
friction for a given road surface to stop the car in 100 feet after
brake application, thats a real limitation. If a car cannot corner
at more than .9g due to a combination of suspension design and road
conditions, that, also, is reality. Regardless how talented a
NASCAR driver may be, if his race car is inadequate, hes not going
to win races.
2. At the same time, if a car driver (or pilot) is tired,
drugged, distracted, etc. their reflex time becomes too slow to
react in a timely fashion to unexpected direction changes of moving
obstacles, or the sudden appearance of fixed obstacles. Many car
"accidents" result from drunk driving due to reflex time and/or
judgment impairment. Average reflex time takes between 150 &
300ms. http://tinyurl.com/nsrx75n
3. In robotic systems, "human reflex time" is known as Worst
Case Execution Time (WCET). Historically, in computer systems
engineering, WCET of a computational task is the maximum length of
time the task could take to execute on a specific hardware
platform. In big data, this is the time to load up the data to be
processed, processed, and then outputted into useful distillations,
summaries, or common sense insights. GeckoSystems' basic AI
self-guidance navigation system processes 147 megabytes of data per
second using low cost, Commercial Off The Shelf (COTS) Single Board
Computers (SBC's).
4. Highly trained and skilled jet fighter pilots have a reflex
time (WCET) of less than 120ms. Their "eye to hand" coordination
time is a fundamental criterion for them to be successful jet
fighter pilots. The same holds true for all high-performance forms
of transportation that are sufficiently pushing the limits of the
Laws of Physics to require the quickest possible reaction time for
safe human control and/or usage.
5. GeckoSystems' WCET is less than 100ms, or as quick, or
quicker than most gifted jet fighter pilots, NASCAR race car
drivers, etc. while using low cost COTS and SBC's
6. In mobile robotic guidance systems, WCET has 3 fundamental
components.
a. Sufficient Field of View (FOV)
with appropriate granularity, accuracy, and update rate.
b. Rapid processing of that
contextual data such that common-sense responses are generated.
c. Timely physical execution of those
common-sense responses.
The company has been engaged in advanced AI R&D for nearly
20 years for use in mobile service robots. Artificial intelligence
technologies and applications span Big Data, Predictive Analytics,
Statistics, Mobile Robots, Service Robotics, Drones, Self-driving
Cars, Driverless Cars, Driver Assisted Cars, Internet of Things
(IoT), Smart Homes, UGVs, UAVs, USVs, AGVs, Forward and/or Backward
Chaining Expert Systems, Savants, AI Assistants, Sensor Fusion,
Subsumption, etc.
"Our continuing progress with this premier Chinese mobile robot
company portends well for us and our shareholders. We are
definitively on path to consummate another licensing agreement. It
comes as no surprise, that a highly advanced Chinese robotics
company understands the synergy and market potential of our suite
of AI mobile robot solutions.
"We continue to have numerous ongoing joint venture and/or
licensing discussions, not only in China and Japan, but also in the
US. I am also pleased that as the Service Robotics industry begins
to offer real products to eager, significant markets that our
capabilities are being recognized such that our 1300+ shareholders
will garner the ROI they deserve. They can continue to be confident
that we expect to be signing numerous multi-million-dollar
licensing agreements to further substantiate and delineate the
reality that GeckoSystems will earn additional licensing revenues
to further increase shareholder value," concluded Spencer.
Investors, Please Note:
Senior management and the majority stockholders of GeckoSystems
are of information and belief that the ramifications of a recent
Supreme Court of the United States (SCOTUS) ruling --that expands
States Rights-- is of particular relevance and potentially dramatic
benefit to their shareholders due to recent, rampant and continuing
illegal spoofing of the companys stock by, eg., KCG Holdings, Inc.
(dba NITE) using artificial intelligence.
This SCOTUS decision is the most significant for companies that
are small and technology driven such as GeckoSystems by enabling
state courts to have jurisdiction in other states to lower
litigation costs for plaintiffs seeking damages for naked shorting,
propagating false rumors to depress the company stock price and
receive unjust enrichment to garner significant monies. Many of
those companies have suffered for years while they have seen their
stock manipulated by naked shorting and false rumors, all done to
drive the stock price down for excessive and illegal profits to
brokerages, such as Merrill-Lynch. On July 10, 2015, GeckoSystems
senior management and majority stockholders filed a Georgia
Racketeer Influence and Corrupt Organizations (RICO) Act suit in
the Rockdale County Superior Court in Conyers, GA. http://tinyurl.com/qhl3uzu
For some years, all of our shareholders and the tens of
thousands that hold stock in other stock manipulated (such as
spoofing or refusing to sell at Ask to preclude being forced to
cover naked short positions at a loss) companies have suffered
losses due to ongoing stock price manipulation by brokerages large
and small. These predatory brokerages (see examples below) using AI
that is deliberately predatory and autonomous, intent on making
more money as they cybermanipulate and false rumor the price down
to cover their AI generated naked shorts to achieve unjust
enrichment, have hidden behind --the now pierced veil-- of only
being sued in Federal courts. No doubt, it is readily apparent that
this new States Rights affirmation by SCOTUS will be welcomed by
the thousands of publicly traded companies preyed upon since they
could not afford to initiate and consummate litigation successfully
in Federal courts.
We have notified G1 Execution Services (ETRF) and KCG Holdings
(NITE) of our present beliefs regarding their historical and
ongoing stock price manipulation of GOSY. Mr. Thomas Merritt,
Deputy General Counsel of KCG, has been contacted several times
regarding the seriousness of our concern regarding their use of AI
predator algorithms and the applicability of the SCOTUS RICO
decision, stated Martin Spencer, Founder/CEO, GeckoSystems Intl.
Corp.
For example, KCG Americas and Susquehanna International Group
LLP (dba E*trade) have been sued and fined for their illegal stock
price manipulation activities. Below are a few examples in the
links below:
KCG Holdings, Inc. (NITE)
Class Action Lawsuit against the SEC,
FINRA and KCG Holdings
http://tinyurl.com/jnlpf3y
G1 Execution Services, LLC (ETRF)
FINRA investigating E*Trade for
potentially rigged markets
http://tinyurl.com/z3etpzw
E*Trade units to pay $2.5 million to
settle SEC charges over illegal sales
http://tinyurl.com/h4aff3b
Naked short sellers squeezed by Supreme
Court
Published by AMI Newswire May 16, 2016
In a sweeping blow to Wall Street
investment giants, the U.S. Supreme Court today unanimously allowed
lawsuits against "naked" short sellers in state courts to
proceed.
The high court ruled unanimously
that shareholders are not confined to federal court when seeking
recourse for securities violations. Granting due deference to the
important role of state courts, the Court reinforced federalist
principles while clarifying congressional intentions to limit the
federal governments role.
The ruling, which could give a
new boost to startups and small companies targeted by short
sellers, showed a rare moment of ideological agreement in the
court. Justice Elena Kagan authored the Courts opinion, and Justice
Clarence Thomas, joined by Justice Sonia Sotomayor, issued a
concurrence.
In 2012, businessman Greg Manning
sued Merrill Lynch and other financial institutions in New Jersey
state court for purposefully devaluing his company through
systematic naked short-selling a term used to describe selling a
stock a seller does not own and has not borrowed. In standard short
sales, traders either borrow a stock or make sure that it can
be borrowed prior to selling it short in the hope that its value
will fall before the transaction must be covered.
The practice has come under increasing scrutiny and has been banned
in Germany and other major economies.
Read more: http://tinyurl.com/jgz257w
The complete SCOTUS opinions are here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Continuing from the article Naked short sellers squeezed by
Supreme Court: (Underlines added below for emphasis.)
While legitimate short-selling
remains an accepted financial practice, manipulation by false
rumors and naked short-selling has taken a serious toll on emerging
industries. Biotechnology industry insiders have for years pleaded
with the SEC to block the illegal short selling and false whisper
campaigns that plague the industry. Smaller technology-driven companies
frequently lack the resources to deal with attacks that drive down
stock prices, crippling research and development
budgets.
Read more: http://tinyurl.com/jgz257w
The company has been engaged in advanced AI R&D for nearly
20 years for use in mobile service robots. Artificial intelligence
technologies and applications span Big Data, Predictive Analytics,
Statistics, Mobile Robots, Service Robotics, Drones, Self-driving
Cars, Driverless Cars, Driver Assisted Cars, Internet of Things
(IoT), Smart Homes, UGVs, UAVs, USVs, AGVs, Forward and/or Backward
Chaining Expert Systems, Savants, AI Assistants, Sensor Fusion,
Subsumption, etc.
"It is unfortunate that unethical stock brokerages routinely use
advanced AI paradigms to automatically, without human intervention,
to prey upon stocks like GOSY-- to unjustly enrich themselves due
to lack of SEC funding to monitor these types of cyberpredator
activities. This is the rise of intelligent machines preying upon
unsuspecting publicly traded companies, particularly rampant in the
OTC markets.
"This recent Supreme Court ruling has occurred at a very
propitious time for us. As one can read in the foregoing, our
company has been subjected to adverse stock price manipulation for
some years. We are of the belief that this Wallace group has
committed many predicate acts constituting RICO and cost our
shareholders several millions of dollars in ROI due, in part, to
the literally thousands of false rumors they have posted on several
stock message boards to drive the share price down. In the last few
years we believe they have successfully caused a panic on our
stock, pushing us below a penny a share.
"Since our stock price moved up recently, from $.008 to $.021,
those holding the massive GOSY short position are particularly
motivated to continue their naked shorting practice or face
covering costs that could cause them to fail to cover and flirt
with financial insolvency, if not outright bankruptcy. Given that
they have now spoofed the high of over $.02 down to $.0075, we seem
to have no choice but add these market makers, such as KCG
Holdings, Inc., to our RICO lawsuit forthwith. Our 1300+
shareholders can continue to be confident that we are working
diligently to protect their investment from the illegal trading
activities discussed here, concluded Spencer.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies
for nineteen years. It is CEO Martin Spencer's dream to make
people's lives better through AI robotic technologies.
In order for any companion robot to be utilitarian for family
care, it must be a "three legged milk stool."
(1) Human quick reflex time to avoid
moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction
(GeckoChat(tm): http://tinyurl.com/nnupuw7) with a
sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and
follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal
interaction can occur routinely with video and audio monitoring of
the care receiver is uninterrupted.
An earlier third party verification of GeckoSystems AI centric,
human quick sense and avoidance of moving and/or unmapped obstacles
by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN
An overview of GeckoSystems' progress containing over 700
pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
These videos illustrate the development of the technology that
makes GeckoSystems a world leader in Service Robotics development.
Early CareBot prototypes were slower and frequently pivoted in
order to avoid a static or dynamic obstacle; later prototypes
avoided obstacles without pivoting. Current CareBots avoid
obstacles with a graceful bicycle smooth motion. The latest videos
also depict the CareBot's ability to automatically go faster or
slower depending on the amount of clutter (number of obstacles)
within its field of view. This is especially important when
avoiding moving obstacles in loose crowd situations like a mall or
an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous
YouTube videos. The most popular of which are the ones showing
room-to-room automatic self-navigation of the CareBot through
narrow doorways and a hallway of an old 1954 home. You will see the
CareBot slow down when going through the doorways because of their
narrow width and then speed up as it goes across the relatively
open kitchen area. There are also videos of the SafePath(tm)
wheelchair, which is a migration of the CareBot AI centric
navigation system to a standard power wheelchair, and recently
developed cost effective depth cameras were used in this recent
configuration. SafePath(tm) navigation is now available to OEM
licensees and these videos show the versatility of GeckoSystems'
fully autonomous navigation solution.
GeckoSystems, Star Wars Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
The company has successfully completed an Alpha trial of its
CareBot personal assistance robot for the elderly. It was tested in
a home care setting and received enthusiastic support from both
caregivers and care receivers. The company believes that the
CareBot will increase the safety and well being of its elderly
charges while decreasing stress on the caregiver and the
family.
GeckoSystems is preparing for Beta testing of the CareBot prior
to full-scale production and marketing. CareBot has recently
incorporated Microsoft Kinect depth cameras that result in a
significant cost reduction.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
Above, the CareBot demonstrates static and dynamic obstacle
avoidance as it backs in and out of a narrow and cluttered alley.
There is no joystick control or programmed path; movements are
smoother that those achieved using a joystick control. GeckoNav
creates three low levels of obstacle avoidance: reactive,
proactive, and contemplative. Subsumptive AI behavior within
GeckoNav enables the CareBot to reach its target destination after
engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC)
markets under the ticker symbol
GOSY. http://www.otcmarkets.com/stock/GOSY/quote
GeckoSystems uses http://www.LinkedIn.com as its primary
social media site for investor updates. Here is Spencer's
LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Source: GeckoSystems Intl. Corp.
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.