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Adept Technology Sets New Standard for the Robotics Industry; Company Vision and Leading-Edge Products and Services Spur Company Momentum.


CHICAGO & SINSHEIM, Germany -- With 11 new offerings across its product line and new tools for delivering robotic systems robotic system An integrated system of devices that automate production and manufacturing of goods and services Surgery An AI-based surgical assistant system, which processes sensory input from haptic interfaces and/or allows surgeons to act with more accuracy than  to customers faster, Adept Technology Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ADEO ADEO Air Defense Engagement Operations (US Army) ), a leading provider of intelligent vision-guided robotics and global robotics services, has set new standards for the robotics industry.

The company announced solid financials in its June 30, 2005 fiscal year end, with demonstrated profitability over the last six quarters. During this past year, Adept also established a number of key, strategic partnerships that helped further expand the company's product portfolio.

"Robotics is about speed, agility, and precision -- and there is a new passion for these three values throughout our entire organization," said Robert Bucher, chairman and chief executive officer of Adept Technology Inc. "Our ability to rapidly deliver more sophisticated, more intelligent robots to our customers provides them with shorter time-to-benefit and gives Adept a critical competitive edge, especially in our target growth markets."

In a separate release today (see related release, "Adept Technology Unleashes Robots Featuring Greater Speed, Adaptability and Accuracy"), Adept announced its new product lineup, ranging from improved vision-guidance robots and high-performance motion controls, to a clean-room SCARA robot for disk drive manufacturing and a new line of 6-axis robots designed for assembly applications. The company has also announced its new Python Python, in Greek mythology
Python, in Greek mythology, a huge serpent. In some myths the infant Apollo slew Python at the oracle of Gaea in Delphi; in others Apollo killed the serpent in order to claim the oracle for himself.
(TM) Linear Modules and a web-based tool that allows customers to configure these modules to their own specifications. Through this 3D web-based design and planning tool, Adept will be able to begin configuring the customer product before the customer has finished the order process, significantly speeding delivery time.

ARC Research Director Sal Spada states, "In today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002.  climate, execution speed and product individualization individualization,
n the process of tailoring remedies or treatments to cure a set of symptoms in an indiv-idual instead of basing treatment on the common features of the disease.
 is paramount. Consequently, it is machinery and production line configurations that provide the capability of handling a wide range of product variations that are now in high demand. In essence, robotic solutions are the most effective means to add agility and flexibility. Manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations.  benefit from rapid reconfiguration and a wider operating range. In particular, Adept is in a unique position of being capable of uniting vision and motion control technology in a manner that is transparent to the end user. The combination of these technologies is an enabler for manufacturers seeking solutions that fit the flexible and agile production system model."

"Our impressive business performance and the superior products we're delivering to the market are more proof that Adept is truly setting a new standard of excellence in the robotics industry," said Bucher. "Our customers and partners demand nothing less."

About Adept Technology

Adept Technology, Inc. designs, manufactures and markets robotic systems, motion control and machine vision technology for global markets including automotive, consumer electronics, consumer goods consumer goods

Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and
, disk drive, food, industrial tooling, medical devices, and pharmaceutical. Adept robots, controllers, and software are used for small parts assembly, material handling and packaging. Adept intelligent automation product lines include industrial robots An industrial robot is officially defined by ISO[1] as an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes. , configurable linear modules, machine controllers for robot mechanisms and other flexible automation equipment, machine vision, and systems and applications software. Founded in 1983, Adept Technology is the largest U.S.-based 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.
 including statements regarding revenue and future results 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, its customers ability to pay invoices in a timely manner and lack of unexpected cash obligations, the risk that some of its customers may become insolvent, future economic, competitive and market conditions including those in Europe and Asia and those related to the company's strategic markets; the company's continuing operating losses operating loss

The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income.
 causing the company to need to raise additional financing in the future and the effect of the financing on current stockholders; 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, including in the semiconductor industry and lack of long-term customer contracts; the company's dependence on the continued growth of the intelligent automation market; the company's highly competitive industry; rapid technological change within the intelligent automation industry; the lengthy sales cycles for the company's products; 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).
 which are not easily reduced; 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 risks associated with acquisitions, including integration risks associated with our previous acquisitions; the risks associated with product defects; the potential delays associated with the development and introduction of new products or software releases; or decreased acceptance of the company's new or current products in the marketplace.

The Adept logo is a registered trademark of Adept Technology, Inc. Adept is a trademark of Adept Technology. All other trademarks are owned by their respective companies.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 27, 2005
Words:791
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