GeckoSystems Intl. Corp (OTCMKTS:GOSY) has launched GeckoNED, a new mobile robot for public safety. GeckoNED is a Non-violent Enforcement Device, developed specifically for the growing number of mass shootings across the US. The robot has a high level of independent mobile autonomy and is equipped with sensors for enhanced situational awareness. Moreover, the robot can also be operated from a remote location, by designated public safety personnel. It should be noted here that GeckoSystems has over 19-years of experience developing robots for safety and security applications.
Initially, the company plans to deploy GeckoNED at schools, to deter, detect and contain threats to the children. The company has stated that the children and teachers could customize the robot, in such a way that it blends in with the day-to-day lives of the children. In addition to this, the robot is also equipped with SafePath mobile robot AI navigation software, which would allow it to patrol all wheelchair accessible areas, without the need for human oversight. However, all containment systems would require human intervention.
In addition to this, GeckoSystems also announced that it had signed an LOI with an advanced AI developer, in NYC. The letter LOI was a result of two years of negotiations with the developer and could potentially turn into the first US joint venture for the company. Martin Spencer, the CEO of GOSY, stated that he had met with the CEO of the other company and also signed an NDA and a MoU, to enable the two companies to use AI synergies developed by the other.
GOSY has also revealed that it plans to incorporate technology from the NYC developer, in the GeckoNED, making it even more situationally aware and autonomous. Moreover, the company plans to use these enhancements to deploy the robot in softer target locations, such as night clubs and other crowded areas.
GeckoSystems Intl. Corp (OTCMKTS:GOSY) experienced a trade volume of 5.63 million and gained 50.54%, during the August 11 trading session, to close at $0.014 per share.
Iddriven Inc (OTCMKTS:IDDR) Sentiments Turn Sour as Short Interest Surges
A 112% increase in short interest on Iddriven Inc (OTCMKTS:IDDR) for the month of August is a testament that investors are slowly losing touch with the enterprise software company. A lack of new news to help bolster investor confidence, all but continues to deal the stock’s prospects on the street a big blow.
Bears appear to be in full control of Iddriven, the stock having crashed to lows of its trading range of $0.21 and $0.25 a share. Given the current wave of sell off, it appears the stock could plummet to its 52-week low of $0.21 a share.
The change in sentiments comes even on Iddriven Inc (OTCMKTS:IDDR) forecasting robust growth for the year as it continues to pursue new opportunities with its new Identity and Access Management solution. The company has already formed strategic alliances with the likes of PATECCO and Oxford Consulting Group all of which are expected to help fuel growth both at home and on the international scene.