Adept Technology Announces Price Reduction on SmartModules Systems; Price Reduction on Select Adept SmartModules Linear Mechanisms and SmartModules Controllers.Business Editors/High-Tech Writers LIVERMORE, Calif.--(BUSINESS WIRE)--Sept. 8, 2003 Adept Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADTK.OB), a leading manufacturer of flexible automation for the semiconductor, electronics, automotive, fiber optic, telecommunications, and life sciences industries, today announced a 15% price reduction on select SmartModules(TM) and a 10% price reduction on SmartModules Controllers. "The success and market acceptance of the Adept SmartModules(TM) product has enabled us to further improve the pricing to our customers," said Charlie Duncheon, executive vice president of Adept Technology. "Customers can now benefit from even more cost-effective pricing and can realize a more rapid return on investment. As industries such as life sciences and medical device manufacturing begin to ramp manufacturing and require more industrial strength and reliable automated components than had been used in the lab, these price reductions help customers justify investment in factory-proven automation systems that can handle the rigors of high-volume manufacturing." Adept SmartModules are a family of single, 2, 3 and 4-axis linear mechanisms ranging in stroke lengths from 100 mm to 2000 mm. Single-axis configurations, called Adept SmartAxis(TM), include a completely self-contained ball-screw mechanism with amplifier and controller attached to the mechanism enabling simplified integration and programming. 2, 3 and 4-axis configurations are offered with the Adept SmartController(TM), which includes an onboard, high-level programming language A high-level programming language is a programming language that, in comparison to low-level programming languages, may be more abstract, easier to use, or more portable across platforms. or the ability to accept real-time commands from a PC or PLC. Multiple SmartModules(TM) linear mechanisms can be controlled from a single SmartController(TM) reducing equipment costs and simplifying the challenge of synchronizing synchronizing, n a technique that a therapist uses to coordinate his or her breath with that of the client; builds trust and establishes relationship. multiple mechanisms in a single application. Adept Technology designs, manufactures and markets factory automation components and systems for the fiber optic, telecommunications, semiconductor, automotive, food and durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. industries throughout the world. Adept's robots, controllers, and software products are used for small parts assembly, material handling and ultra precision process applications. Our intelligent automation product lines include industrial robots, configurable linear modules, flexible feeders, semiconductor process components, nanopositioners, machine controllers for robot mechanisms and other flexible automation equipment, machine vision, systems and software, application software, and 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. . Founded in 1983, Adept is America's largest manufacturer of industrial robots. More information is available at www.adept.com. This press release contains certain 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. Actual results could vary for a number of reasons, including but not limited to, the potential delays associated with the development and introduction of new products or software releases; rapid technological change within the company's industry; and the potential that our new or existing products may contain defects, errors or performance problems. For a discussion of additional risk factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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, 2002, as amended, and Adept's quarterly reports on Form 10-Q Form 10-Q See 10-Q. for the quarters ended September 28, 2002, as amended, December 28, 2002, as amended, and March 29, 2003, 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 contained therein. The Adept logo is a registered trademark of Adept Technology, Inc. Adept, Adept SmartModules, Adept SmartAxis and Adept SmartController, are trademarks of Adept Technology. All other trademarks are owned by their respective companies. |
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