CONYERS, Ga., April 13, 2015 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) GeckoSystems' CEO, Martin Spencer, recently retained Founders Legal, an Intellectual Property (IP) and Corporate centric law firm to advance negotiations with Nissan due to their reluctance to effectuate a prudent and sufficient Non Disclosure Agreement (NDA). Further negotiations are precluded until that linchpin agreement is in place. For over seventeen years GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service."
"GeckoSystems is unique in the driverless car industry in that we have mature and stable Artificial Intelligence (AI) software and hardware solutions that are capable of real time sense and avoid of unforeseen, moving and/or unmapped obstacles. For example, our AI real time solution can steer clear of children in crosswalks (or darting out from between cars) in many situations when driver braking only would hit the children. In part, these very proprietary AI solutions are what we disclosed to senior Nissan Master Roboticists last December. I am very satisfied with the letter that Mr. Eliezer's and his associates' have prepared and sent on our behalf to Nissan," commented Spencer.
"As you are no doubt aware, our client's President and CEO, Mr. Spencer, paid a recent visit to Nissan Advanced Technology Center in Atsugishi, Japan on December 22, 2014, at the request of Nissan Motor Co., Ltd. ("Nissan), to discuss critical advances in Artificial Intelligence ("AI) Mobile Service Robot ("MSR) technologies with senior roboticists from Nissan's Mobility Services Laboratory, Research Division 2.
"Our client's visit and participation in the meeting was expressly conditioned on Nissan's execution of a non-disclosure agreement ("NDA). However, despite Nissan's promise to issue an NDA in advance of the visit, a signed NDA failed to materialize upon my client's arrival to the Japanese facility, much to Mr. Spencer's disappointment.
" Without the promised disclosure protections appropriate for the type of sensitive information the parties planned to discuss, Mr. Spencer was understandably trepidatious about the prospect of continuing the meeting. But, with representations from Nissan that an NDA would be forthcoming, our client ultimately agreed to keep the proposed schedule.
... "Recognizing the value of Gecko's disclosure, Nissan representatives took copious notes and memorialized the detailed formulas provided by my client -- even clapping in response to Mr. Spencer's creative use of certain mathematical formulas and/or paradigms, AI subsumption architectures, sensor fusion architectures and strategies.
... "Among other drastic scenarios, our client is mindful of the reality that the same suite of AI MSR technologies that enable self driving cars to seek, find, recognize, and respond to traffic lights, could enable hostile forces to deploy self delivering car bombs, and mobile weapons that would seek, recognize, and destroy human beings and/or infrastructure.
... "To Gecko's disappointment, negotiations with Nissan proved unsuccessful, and the parties were unable to enter into acceptable NDA, despite Nissan's earlier promises to the contrary.
"Now, my client faces not only the fear that Nissan will divulge Gecko's confidential information, developed over decades of effort and expense, but also the fear that Nissan's unfettered dissemination of this technology will find its way into the hands of those bent towards a desire to terrorize or harm the public.
"Gecko respectfully requests that Nissan reconsider its reluctance to negotiate an NDA, despite its past promises to the contrary on which our client relied. Gecko is prepared to take legal action should a resolution not be reached between the parties within a reasonable period of time.
"We await your prompt attention to this matter no later than May 1, 2015."
"We are very pleased to have the capable assistance of the competent IP law team at Founders Legal and hope for a prompt, positive response from Nissan regarding protecting our AI software solutions. Recently, by using social media outlets, we have been able to keep our 1300+ stockholders updated via LinkedIn, Twitter, and GeckoSystems.com. In addition to protecting our many years of hard work in developing our AI mobile robot solutions, we are also continuing our commitment to marketing and licensing in the U.S. and abroad in order to limit dilution of our stock and maximize shareholder value." concluded Spencer.
Founders Legal (Bekiares Eliezer LLP), believes that every business deserves the opportunity to start with a solid foundation. Therefore, the main mission of Founders Legal is to provide quality and affordable representation to emerging companies throughout every phase of their life cycle, including formation, growth in operations, development and protection of intellectual property, capitalization, and exit transactions.