Adept Technology Receives Repeat Order From Solid State Measurements for Integrated Platforms; Adept To Provide Flexible Automation Platforms.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--June 25, 2001 Adept Technology, Inc. (NAsdaq:ADTK), a leading manufacturer of flexible automation for the semiconductor, wireless communications and fiber optic industries, today announced it has received a repeat order from Solid State Measurements, Inc. (or SSM SSM abbr. surface-to-surface missile ), a leading manufacturer of electrical semiconductor measurement equipment, for multiple units valued at $1.5 million. The process ready platforms integrate Adept's wafer handling systems with SSM's metrology tools and technology in a single structure. "Our partnership with Solid State Measurements to co-engineer next-generation solutions has been very successful," said Brian R. Carlisle, chairman and chief executive officer of Adept. "The combination of Adept's world class automation and SSM's process technology is an innovative breakthrough which is designed to increase the throughput and yield of fabs enabling more efficient production of silicon devices." "We've been extremely pleased with the results of the first round of product qualification tests," said Charles Thomas, president and chief executive officer for Solid State Measurements. "Manufacturers are demanding nondestructive non·de·struc·tive adj. Of, relating to, or being a process that does not result in damage to the material under investigation or testing. non metrology systems to extract the most value from their semiconductor fabrication equipment. Our partnership with Adept will allow SSM customers to achieve that goal." The Adept process ready platform incorporates the Adept Vicron 310D and the Adept SMIF SMIF Standard Mechanical Interface SMIF Stream-based Model Interchange Format SMIF Shared Materials Instrumentation Facility (Duke University) SMIF Stanford Management Internship Fund SMIF SMAD4-Interacting Transcription Factor EZ in conjunction with Solid State Measurements' FastGate(TM) Elastic Probe technology encased en·case tr.v. en·cased, en·cas·ing, en·cas·es To enclose in or as if in a case. en·case  ment n. in environmental housing. These integrated solutions represent the next generation design in which wafer handling and customer's process tools are combined in one complete platform solution. This design is intended to reduce maintenance and trouble shooting, and to require less clean room space. Both Adept and Solid State Measurements will be exhibiting at SEMICON SEMICON Semiconductors Equipment and Material International Conference West July 16th-20th in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] where attendees can view Adept's components and receive more information on the new SSM 6000 series. Adept's booth will be located in the Gateway Ballroom in the South Hall of the Moscone Center in booth 3306. Solid State Measurements will be exhibiting in the South Hall booth No. 1801. About Solid State Measurements, Inc. Solid State Measurements, Inc. (www.ssm-inc.com), founded in 1970, is an industry leader in the design and manufacture of equipment for electrical characterization of semiconductor materials and thin films. SSM produces a powerful array of C-V C-V Capacitance-Voltage C-V Schedule V Controlled Substance (USA) and I-V I-V Current/Voltage systems as well as the automatic Spreading Resistance Probe. About Adept 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. 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 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: the potential fluctuations in the company's quarterly and annual results of operations; potential delays associated with the development and introduction of new products or software releases; 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. of the company's customers; the company's dependence on the continued growth of the intelligent automation market; the risks associated with sole or single sources of supply and lengthy procurement lead times; the company's highly competitive industry; rapid technological change within the company's industry; our product's long sales cycles and implementation periods; the risks associated with reliance on systems integrators; the risks associated with potential acquisitions, including integration risks associated with our acquisition of BYE/Oasis, Pensar-Tucson, NanoMotion and HexaVision; the potential that our new or existing products may contain defects, errors or performance problems; the company's need to adequately invest in research and development; and 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). that cannot be easily reduced in the event of a decrease in demand For a discussion of additional risk factors relating to Adept's business, see 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, 2000 and Adept's quarterly reports on Form 10-Q Form 10-Q See 10-Q. for the quarters ended September 30, 2000, December 30, 2000 and March 31, 2001, including 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 therin. The Adept logo is a registered trademark of Adept Technology, Inc. Adept, Adept SMIF EZ and AdeptVicron are trademarks of Adept Technology. All other trademarks are owned by their respective companies. |
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