Adept Technology Selected by Leading Photonics Manufacturer to Provide Fiber Assembly Solution.Business Editors/High-Tech Writers 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)--June 19, 2001 Automation Solution Designed To Optimize Manufacturer's Production by Increasing Yields and Throughput Adept Technology, Inc. (Nasdaq:ADTK), a manufacturer of flexible automation for the telecommunications, fiber optic and semiconductor industries, today announced that it has signed a $700,000 contract to provide a fully automated fiber-pigtailing workcell to one of the largest photonics manufacturers. The customer chose Adept's factory automation solution to increase both yield and throughput in its facilities. This initial order is expected to lead to additional orders over the next 12 to 18 months. This fully automated fiber optic pigtailing solution includes Adept SmartModules with a 4 axis material handling robot, Adept NanoLine L3 micro positioning stage, AdeptVision AVI (Audio Video Interleaved) A Windows multimedia video format from Microsoft. It interleaves standard waveform audio and digital video frames (bitmaps) to provide reduced animation at 15 fps at 160x120x8 resolution. Audio is 11,025Hz, 8-bit samples. for parts location and machine guidance, and a configurable deck for mounting additional process automation. All control and software modules are integrated within the AdeptWindows Controller and patented AIM application software, and the single point user interface is provided through Adept Windows in an industrial PC. The platform deck is configured with mechanical, network, air, vacuum and electrical connections to support multiple NanoLine stages and process modules, each to be served by the material handling robot. "The Adept automation solution purchased by this customer is designed to help them control quality, optimize production to meet the needs of their customers, and contain manufacturing costs," stated Brian R. Carlisle, Chairman and Chief Executive Officer of Adept. "Component manufacturers continue to choose Adept for its unparalled ability to provide worldwide service and support with best in class precision motion and vision control." 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 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. 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 interval in months between the initiation of procurement action and receipt into the supply system of the production model (excludes prototypes) purchased as the result of such actions. It is composed of two elements, production lead time and administrative lead time. ; 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 therein. Note to Editors: The Adept logo is a registered trademark of Adept Technology, Inc. Adept is a trademark of Adept Technology. |
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