Adept Technology's SILMA Division Announces Ford Motor Company Selects CimStation Inspection for CMM Simulation and Off-Line Programming.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Aug. 24, 1998--SILMA, a division of 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 :ADTK), today announced that Ford Motor Company has selected CimStation Inspection as the standard quality management software for offline programming and simulation of coordinate measurement machines. SILMA has received an initial order and estimates that Ford and its suppliers will invest more than $15 million in SILMA products and services over multiple years. Charlie Duncheon, senior vice president sales and marketing for Adept commented, "Ford's selection of CimStation Inspection was based on a rigorous testing and evaluation process that helped us improve our product. Now we are truly excited to be part of Ford's industry leading design and engineering strategy and look forward to reducing Ford's engineering costs and time to market with our simulation software Simulation software is based on the process of imitating a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually running the program. products." CimStation Inspection Software will be used by Ford as part of their ongoing design engineering automation programs to reduce new product development and introduction cycles. Ford's selection of CimStation Inspection will also result in additional sales to Ford suppliers. Major Ford suppliers need to maintain software and parts data compatibility with Ford systems. In addition, Adept's SILMA Division will provide contract engineering and consulting services as part of the ongoing relationship. CimStation Inspection Off-Line CMM (Capability Maturity Model) A process developed by SEI in 1986 to help improve, over time, the application of an organization's supporting software technologies. Programming and Simulation Software uses simulation and virtual manufacturing Virtual manufacturing The modeling of manufacturing systems using audiovisual or other sensory features to simulate or design alternatives for an actual manufacturing environment, or the prototyping and manufacture of a proposed product using computers. technology to achieve error-free CMM off-line programming in a production environment. It leverages 3D CAD models to generate programs off-line up to 10 times faster than traditional CMM programming methods. The SILMA division of Adept Technology, Inc is headquartered in San Jose, with offices in Michigan, France, and Germany. SILMA's products are sold through distributors in Japan, Sweden, Italy and the United Kingdom. For more information about SILMA, visit the company's web site at http://www.silma.com. Founded in 1983, Adept Technology, Inc., designs, manufactures and markets intelligent automation software and hardware products for manufacturers in the electronics, telecommunications, appliances, pharmaceutical, food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. and automotive components industries. The company is the largest manufacturer of industrial robots in the U.S., with more than 15,000 systems installed worldwide. The company provides direct sales, service, and training in the U.S., Europe, South Korea, Singapore, and with a joint venture partner in Japan, and offers turnkey flexible automation systems through specialized automation engineering companies throughout the world. Adept Technology product and service information is available at World Wide Web site http//www.adept.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. In particular, the Company's estimates of future purchases of Adept's products and services by Ford Motor Company are based on information available to the Company as of the date of this press release. Other than the initial number of software seats that Ford has presently agreed to purchase, Ford is not committed to make any additional purchases in the future, and there can be no assurances that any additional purchases will be made or that, if made, that Ford will purchase any particular amount of software or services in any particular period. In addition, the Company's quarterly and annual results of operations are subject to a number of uncertainties, including among others, the cyclicality of capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. by the Company's customers as well as economic conditions in the markets in which the Company and its customers operate. For a further discussion of risk factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's business, see the company's Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 28, 1998, and the company'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, 1997, including 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 filed as an exhibit thereto, filed on Sept. 26, 1997.
CONTACT: Adept Technology, Inc.
Betsy Lange, 408/434-5112 (Press & Industry)
betsy.lange@adept.com
or
Doolin Communications
Colleen Bell Annen, 408/252-1081 (Financial Analysts)
colleena@earthlink.net
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