Adept Technology Signs Exclusive Licensing Agreement for High Speed Robotics for the Packaging Market.LIVERMORE, Calif. -- Adept Technology, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADEP ADEP Association d'Entraide des Polios et Handicapés ADEP Accelerated Degree Evening Program ADEP Accelerator-Driven Energy Production ADEP Avionics Document for Execution & Planning ADEP Automatic Depth Control ), the leading provider of intelligent vision-guided robotics and global robotics services, announced today that it has signed an agreement with Fundacion Fatronik for exclusive supply, distribution and service of a revolutionary high speed packaging robot mechanism targeted at the expanding international packaging market in food, pharmaceuticals, packaged and 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 , and life sciences. Fundacion Fatronik, a privately funded, European technology research company, has extensive experience in the development of high speed packaging robotics. The initial product, the Adept Quattro, is based on Fatronik's patented four parallel arm concepts, enabling ultra-high speeds and more consistent performance, important considerations for a wide range of packaging including loading, kitting, cartoning and case packing. Under the terms of the agreement Fatronik will provide Adept with exclusive use of the patented technology. Adept and Fatronik will both fund and participate in the commercialization of the mechanism and incorporation of the applications into the standard Adept control platform. Adept will own all Intellectual Property (IP) associated with the commercialization of the Quattro product line including the final manufactured design and the integration of controls, vision and tracking software into the robot. Initially distribution will focus on existing Adept markets in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. . Adept will also use these products to partner with distribution in Japan, South Korea, Russia and Taiwan. Fatronik has been licensed by Adept as the first value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. packaging integrator for the Adept portfolio of robots, including the Quattro. "Following the enthusiastic reviews of the Quattro technology showcase last fall, we are now taking orders for initial volume delivery in our April quarter. Currently, using COBRA and Viper robots, packaging represents over 25% of our product revenues. Quattro will allow Adept to offer a compete portfolio to the mainstream market," said Robert Bucher, chief executive office of Adept Technology, "In addition, Quattro's unique capabilities offer an excellent opportunity for Adept to access the major Asian robot markets including Japan." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the ARC Advisory Group (Dedham, Mass), there are over 250,000 food and pharmaceutical packaging lines. Producers, increasingly concerned with labor cost, cleanliness and government regulations, are motivated to update and replace existing packaging lines with robotics. The current, estimated US and EU market for high speed packaging robots is between 1,000 to 1,500 robots or $50-100M USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. per year. Adept will be showcasing the Quattro at the ATX See ATX motherboard. (hardware, standard) ATX - An open PC motherboard specification by Intel. ATX is a development of the Baby AT specification with the motherboard rotated 90 degrees in the chassis. West 2007 show in Anaheim, California from Feb 13-15, 2007. About Adept Technology, Inc. Adept Technology, Inc. designs, manufactures and markets robotic systems, motion control and machine vision technology for global markets including automotive, consumer electronics, consumer goods, 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, 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion