Adept Technology Ships 20,000th Robot; Hutchinson Technology Takes Delivery of Adept Technology's 20,000th Robot.Business Editors/High-Tech Writers ATExpo LIVERMORE, Calif.--(BUSINESS WIRE)--May 3, 2004 Adept Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADTK), a leading manufacturer of 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 , motion control and machine vision technology for the telecommunications, electronics, semiconductor, automotive, lab automation, and biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. industries, today announced that it has reached a significant shipment milestone by delivering its 20,000th robot to Hutchinson Technology ''This article or section is being rewritten at Hutchinson Technology is an acknowledged world leader in precision manufacturing. Specializing in design and manufacture of close-tolerance products that require chemical, mechanical and electronic technologies. Inc. (Nasdaq:HTCH) of Hutchison, MN, a world leader in suspension assemblies for the hard disk drive industry. "This landmark shipment validates Adept's commitment to helping US manufacturers effectively compete with off shore manufacturing," said John Dulchinos, vice president of sales for Adept Technology, Inc. "Hutchinson Technology, with its manufacturing excellence and use of advanced robotic technology, is an excellent example that domestic manufacturing is a competitive production alternative." "We are honored to be the recipient of Adept's 20,000th robot and congratulate Adept on achieving this significant milestone," said Tom Kern, purchasing agent Noun 1. purchasing agent - an agent who purchases goods or services for another agent - a representative who acts on behalf of other persons or organizations and primary capital equipment buyer for Hutchinson Technology, Inc. "Adept's state-of-the-art robot technology has been important to our automation strategy, which has helped us succeed in the highly competitive global marketplace." More information on Adept and their products can be found on their website at www.adept.com. The company is also offering free regional technical sessions and an automation conference for manufacturing and engineering professionals in May, June & September 2004. The technical sessions will be hosted in Livermore, CA, Cincinnati, OH and Southbury, CT and the automation conference will be held in Chicago in conjunction with the ATExpo show in September. Registration for these events can also be found on the company's website. Hutchinson Technology, founded in 1965, is the leading worldwide supplier of suspension assemblies for disk drives. Hutchinson Technology's BioMeasurement Division provides health professionals with simple, accurate methods to measure the oxygen in tissue. More information on Hutchinson can be found at www.htch.com. Adept Technology designs, manufactures and markets factory automation components for the telecommunications, consumer electronics, semiconductor, automotive, lab automation and pharmaceutical industries throughout the world. Adept's robots, controllers, and software products are used for small parts assembly, material handling and precision process applications. Our 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, flexible feeders, semiconductor process components, 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 motion controllers for robot mechanisms and other flexible automation equipment, machine vision systems and software, and application software. Founded in 1983, Adept is America's largest manufacturer of industrial robots. 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, 2003, as amended, and its quarterly reports on Forms 10-Q for the fiscal quarters ended September 27, 2003 and December 27, 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 is a trademark of Adept Technology. All other trademarks are owned by their respective companies. |
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