Adept Technology Signs Preferred Photonics Partner; Partnership with Modular Automation to Provide Tailored Solutions in Fiber Preparation and Handling.Business Editors/Technology 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)--April 18, 2002 Adept Technology, Inc. (Nasdaq:ADTK), a leading manufacturer of flexible automation for the fiber optic, telecommunications and semiconductor industries, today announced it has signed Modular Automation, an assembly automation company based in the United Kingdom, as a Preferred Photonics Partner. As an Adept Preferred Photonics Partner the company will develop complete photonics manufacturing solutions based on Adept automation products, focusing on fiber preparation and handling applications. The agreement is intended to give Adept customers customized turnkey See turnkey system. solutions based on Adept's NanoBonder, NanoStage and NanoCell photonics automation tools. Modular has proven systems integration capability with an installed base worldwide and have specific expertise in fiber preparation and handling. "We are very excited that Modular Automation has signed on as our Preferred Photonics Partner," said Charlie Duncheon, vice president of business development for Adept Technology. "Modular's reputation for leading edge development, quality and reliability matched with Adept's technological developments make for the best, full custom solution available in the marketplace." "We've done significant work in photonics and our customers are demanding the kind of photonics automation products that Adept is delivering to the market," stated Trevor Dixon, technical director for Modular Automation. "We look forward to strengthening our relationship with Adept in the photonics industry." Modular Automation is a leading authority in assembly automation in the United Kingdom and is committed to providing total automation solutions. Since its formation in 1975, the company has become a respected contributor to the manufacturing supply chain in both the United Kingdom and international markets. The company is headquartered in Birmingham, England. For more information, visit Modular Automation at www.modular.co.uk. 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 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, 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. 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, 2001 and Adept's quarterly reports on Form 10-Qs Form 10-Q See 10-Q. for the quarters ended September 29, 2001 and December 29, 2001, 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, NanoBonder, NanoStage, and NanoCell are trademarks of Adept Technology. All other trademarks are owned by their respective companies. |
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