Adept Technology Announces Receipt of $4.1M OrderMarch 25, 2010
International equipment OEM's order for intelligent robotics part of major capacity expansion program in Asia.
PLEASANTON, CA (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent vision-guided robotics and global robotics services, today announced it has received a $4.1 million order for high-precision robots from a major international manufacturer of sophisticated automation equipment for use in the consumer electronics and information technology industries. The order is expected to be fulfilled and recognized as revenue over the next two quarters. The company selected Adept as its automation partner to provide advanced robotic systems to improve product yields and increase capacity.
"We are pleased to be selected for this program and it reflects continued momentum in our Asian business," said Hai Chang, Managing Director of Asia Operations for Adept Technology. "It validates the unique value proposition Adept's innovative products provide to world class manufacturers and reinforces our business strategy in Asia."
About Adept Technology
Adept Technology Inc. is a global, leading provider of intelligent robotics systems and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and other automated processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including packaged goods, life sciences, disk drive/electronics and semiconductor/solar, as well as to traditional industrial markets including machine tool automation and automotive components.
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