Adept Technology Announces Intent to Acquire RoboElektronik; Key Element in Strategic Expansion of Rapid Deployment Automation -RDA- Services Group.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)--Feb. 9, 1998-- RoboElektronik To Provide Adept with Immediate Team of Experienced Software and Controls Engineers Offering Automation Consulting Resources in Europe Adept Technology(R), 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), a leading supplier of factory automation products, today announced a key strategic move to expand its RDA RDA abbr. recommended daily allowance Recommended Dietary Allowance (RDA) The Recommended Dietary Allowances (RDAs) are quantities of nutrients in the diet that are required to maintain good health in people. (TM) Services Group into Europe. The company has signed a letter of intent to acquire RoboElektronik, an automation consulting business based in Munich, Germany. The acquisition is subject to approval by the Board of Directors of Adept and negotiation of final transaction terms. The company said it expects to complete the acquisition for stock and repayment of certain indebtedness totalling US$500,000. With this initial step, Adept enhances its ability to provide systems integrators and OEMs throughout Europe with customized consulting services. "Completion of the acquisition will further strengthen our ability to offer advanced automation software consulting in Europe," said Joe Campbell, vice president of marketing for Adept Technology. "RoboElektronik has a strong reputation in Europe for designing and developing flexible automation software and this acquisition is expected to make additional resources available to Adept's integrator network, the largest in the industry. In keeping with Adept's strategy of partnering with our integrators, we will be discontinuing RoboElektronik's systems integration business." RoboElektronik will become a wholly-owned subsidiary of Adept and will be renamed Adept Technology GmbH. RoboElektronik's twelve employees will become part of the worldwide RDA Services Group and will focus on serving Germany, Austria, Switzerland and the Netherlands. The RoboElektronik office in Southern Germany The term Southern Germany (German: Süddeutschland) is used to describe a region in the south of Germany. The exact area defined by the term is not constant, but it usually includes Bavaria, Baden-Württemberg, and the southern part of Hesse. will strengthen Adept's overall presence in Germany, complementing Adept's long-established Northern Germany Northern Germany is the geographic area in the north of Germany. The native German concept of northern Germany is called Norddeutschland. Northern German States Norddeutschland is the geographic area of five German states:
Adept's RDA Services Group "Adept's RDA Services Group was created to supplement the staffs of our integrators and OEMs with experienced automation professionals," said Campbell. "Access to Adept automation engineers provides our partners with the flexibility to expand their integration capacity and reduce their delivery times. With demand for flexible automation engineers at an all time high, this is a strategic service that supports our joint business and the growth in the market." The Adept RDA Services team consists of experienced software and controls engineers, with a proven track record for successfully implementing automation in real world factory environments. The group was created in 1997 to support the systems integration and 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 network on an as needed as needed prn. See prn order. basis. Adept RDA Services are available in the US through offices in San Jose, Calif., Southbury, Conn. and Cincinnati and, with the acquisition of RoboElektronik, in Europe from Munich, Germany. RDA Services may include: -0- -- System concepting, planning and simulation -- Software and GUI design and development -- System Start-up, training and documentation -0- Adept Technology, Inc., founded in 1983, is America's largest manufacturer of industrial robots with more than 10,000 systems installed worldwide. Adept provides direct sales, service, and training in the U.S., Europe, and Japan and offers turn-key flexible automation systems through specialized automation engineering companies throughout the world. Adept is headquartered in San Jose, Calif., and maintains offices in City of Industry, Calif.; Cincinnati; Southbury, Conn.; Detroit; Dortmund, Germany; Arezzo, Italy; Massy mass·y adj. mass·i·er, mass·i·est Having great mass or bulk; massive. , France; Kennilworth, England; Kobe, Japan; Seoul, South Korea; and Singapore. Adept Technology product and service information is available at World Wide Web site http://www.adept.com. -0- Adept and the Adept logo are registered trademarks of Adept Technology, Inc. Rapid Deployment Automation and RDA are trademarks of Adept Technology, Inc. All other trademarks are owned by their respective companies. -0- 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 risks and uncertainties. The success of the acquisition of RoboElektronik GmbH, if consummated, and future operating results of Adept Technology, Inc. may differ from the results discussed or forecast in the forward-looking statements, including, but not limited to, risks associated with the acquisition, such as potential inability to complete the acquisition, potential difficulties in the assimilation of the acquired company and its personnel and technology, risks of entering new markets and specific risks associated with the acquired company's business. Further information on potential factors that could effect the financial results of Adept Technology, Inc. is included in the 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 year ended June 30, 1997 and its subsequent Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , as filed with 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. Securities and Exchange Commission. CONTACT: Adept Technology, San Jose Paul Carney Mr Justice Paul Carney is one of the most senior judges of the Irish High Court and the presiding judge of the Central Criminal Court. He is widely regarded as a leading expert on Irish criminal law and has presided over murder and rape trials since his appointment to the High , 408/434-5158 paul.carney@adept.com or Doolin Communications Colleen col·leen n. An Irish girl. [Irish Gaelic cailín, diminutive of caile, girl, from Old Irish. Bell Annen, 408/252-1081 colleena@earthlink.net |
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