Adept Receives Order for 1,000th MotionBlox-10(TM); $1M Order From Key OEM Partner, Xyratex International, Punctuates Dramatic 9-Month Ramp-To-Volume for Innovative New Controls Platform and Marks Key Design Win.LIVERMORE, Calif. -- Adept Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADEP ADEP Association d'Entraide des Polios et Handicapés ADEP Accelerated Degree Evening Program ADEP Accelerator-Driven Energy Production ADEP Avionics Document for Execution & Planning ADEP Automatic Depth Control ), the leading provider of intelligent vision-guided robotics and global robotics services, today announced that they have received an order for their 1,000th MotionBlox-10, which marks Adept's fastest ramp-to-volume of a controls product. The large order from Xyratex International represents a key design win and signifies a strong endorsement of Adept's new MotionBlox-10 controls platform. Xyratex International, who were named Seagate's Outstanding Supplier in the Manufacturing Capital Equipment category in 2005, is Adept's leading OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Integration Partner for hard disk automation solutions. Xyratex has successfully differentiated itself with its innovative, high-performing and exceptionally reliable automation solutions for media testing, certification and servo writing applications. The milestone sale of the 1000th MotionBlox-10 control platform is part of a major expansion by a leading Disk Drive manufacturer focused on the expanding market for disk drives in consumer electronics. Adept first introduced MotionBlox-10 in early 2005 as the controls platform for the new Adept Python(TM) modules, the company's next generation family of linear mechanisms. "We are pleased to be a part of Xyratex's products and success," said John Dulchinos, Vice President of Robotics for Adept Technology, Inc. "As the leading provider of automation solutions for media processing See media control. , this partnership acts as a tremendous endorsement for the value of Adept's MotionBlox-10 controls and linear module platform." "Adept has been an excellent partner," said Graham Salisbury, Vice President - Media Technologies Xyratex International, "their innovative products and responsive support have allowed us to provide solutions to meet the exciting growth opportunity for disk drives in consumer electronics." About Xyratex Xyratex is a leading provider of enterprise data storage subsystems and network technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 20 years of experience in research and development relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc disk drives, storage systems and high-speed communication protocols. Founded in 1994 in an MBO MBO See: Management buyout from IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and South East Asia. About Adept Adept Technology, Inc. designs, manufactures and markets robotic systems, motion control and machine vision technology for global markets including automotive, consumer electronics, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , food, industrial tooling, medical devices, and pharmaceutical. Adept robots, controllers, and software are used for small parts assembly, material handling and packaging. Adept intelligent automation product lines include industrial robots, configurable linear modules, machine controllers for robot mechanisms and other flexible automation equipment, machine vision, and systems and applications software. Founded in 1983, Adept Technology is the largest U.S.-based manufacturer of industrial robots. More information is available at www.adept.com. This press release contains certain forward-looking statements including statements regarding future operational performance that involve a number of risks and uncertainties. The company's actual results could differ materially from those expressed in any of the above forward-looking statements for a variety of reasons, including but not limited to, future economic, competitive and market conditions including those in Europe and Asia and those related to the company's strategic markets; the company's dependence on the continued growth of the intelligent automation market; the company's highly competitive industry; rapid technological change within the intelligent automation industry; the lengthy sales cycles for the company's products; the company's significant fixed costs fixed costs, n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). which are not easily reduced; the risks associated with sole or single sources of supply and lengthy procurement lead times; dependence upon the company's suppliers; the risks associated with product defects; the potential delays associated with the development and introduction of new products or software releases; or decreased acceptance of the company's new or current products in the marketplace. For a discussion of risk factors relating to Adept's business, see Adept's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended June 30, 2005, and Adept's quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended October 1, 2005, which includes the discussion in Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations and Factors Affecting Future Operating Results contained therein. The Adept logo is a registered trademark of Adept Technology, Inc. Adept is a trademark of Adept Technology. All other trademarks are owned by their respective companies. |
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