Mr. Daya is on the Advisory Board of Partners 500, a company that was founded by experienced industry leaders who view global partnerships and insight as an essential factor of entrepreneurial success. Based on this premise, Partners500 established a premiere network of partnerships and relationships with global corporations and executives to cooperatively align their core competencies with the global market. As a member of Partners 500 Advisory Board, Mr. Daya will be able to move Daya Robotics into many international marketplaces, which is significant for GeckoSystems.
"While Mr. Daya and his staff developed their Daya Robotics website and the technology transfer was finalized, we respected their prudent decision not to be named in our initial press releases. We are pleased with the fact that this first licensing agreement will not only feature SafePath navigation, but it will showcase other GeckoSystems high level AI software systems. We will be able to demonstrate to the investment community -- and other prospective partners -- that these systems are as extensible and portable as our AI centric navigation system. We are very gratified to have a demonstrably successful serial entrepreneur of Mr. Daya's caliber and business acumen partnering with us in the Israeli marketplace. Mr. Daya's focus on healthcare is congruent with our long time focus on the need for cost effective, robot assisted, family care," stated Martin Spencer, President/CEO, GeckoSystems Int'l Corp.
This initial $750,000 transaction significantly impacts GeckoSystems' fiscal status. As corporate guidance, the company's income statement now reflects more than $500,000 in profit before taxes for the fiscal year ending June 30, 2013. Due to the company's tax loss carry forwards, no state or federal taxes are due. Gross margin for the year as a percentage of gross revenues is over 70%. Return on stockholder equity exceeds 40%. The company forecasts over $5,000,000 in additional licensing revenues over the 5-year duration of this contract.
"Mr. Daya shares our vision that the entire mobile service robot industry will soon be very significant part of our economy. I am delighted to have consummated this defacto JV with Daya International and I believe our 1300+ loyal stockholders will soon be very pleased with the return on their investment," concluded Spencer.
About Daya Robotics:
For more information about Daya Robotics visit their website at: http://DayaRobotics.DayaInt.com or email them at: DayaRobotics@DayaInt.com
GeckoSystems has been developing innovative robotic technologies for fifteen years. It is CEO Martin Spencer's dream to make people's lives better through mobile service robot technology.
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.
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