Currently, I am dealing with a parent that requires assisted living. Watching her heart break because she can no longer live in her home of thirty plus years has proven to be emotionally trying. I have also learned that growing old is definitely not for the weak hearted.
As much as I wanted her to remain in her home, a full time in home care giver was not a financial option. As I researched viable alternatives, I discovered Gecko Systems (GCKO.OTC). Gecko is a Based in Atlanta, GA, and sells the CareBot™ line of Mobile Service Robots for the elderly care market. Although it is still in the developmental stage, I think such a device has the potential to eventually become a financially affordable in home care giver. I am of the opinion that the robotic trend will have a significant impact on the lives of the elderly and of people in general for generations to come and GCKO is on the ground floor with unlimited potential.
The iRobot Corp published a press release in January 2010 that indicated it has sold more than 5 million Roombas (home robot vacuums) worldwide since 2002. According to a 2009 report by ABI Research, by the year 2015 personal robot sales in the U.S. will exceed $5B and singles out North America as the largest market for personal robots followed by Japan.
When you consider the liquid nature of technological advancement, I strongly believe the consumer robot market will come to fruition sooner than later. New robots will have more computing power, an improved knowledge base, wireless capabilities and enhanced speech recognition. They will also have the ability to interact with individuals, help them make decisions and express basic emotions. While it is true that human interaction still represents one of the most valued human experiences, the CareBot™ enables family members to personally record the daily reminders and commands. It’s not perfect, but it is a step in the right direction.
There is no doubt in my mind that the future looks promising for the CareBot™ and this device will have a significant impact on the lifestyles of our future generations of elderly. Additionally, as the baby boomers become the "elderly population", the market for such a device will increase proportionally. I am excited by these future prospects and plan on acquiring as much GCKO stock as I can before this hidden gem is uncovered.
Remember, since GCKO is a penny stock it is a risky investment and the price of the stock is subject to rapid fire up/down fluctuations. Remember the importance of doing your own Due Diligence before investing your money in this or any other stock and do not base your Buy/Sell decisions on the opinions and comments of LA Stock Talk.
Disclosure: LA Long GCKO
Friday, May 28, 2010
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