Adept Technology and Cool Clean Technologies Announce OEM Relationship; Initial $500,000 Order Positions Adept as Robotic and Control Supplier in Innovative Disk Drive Cleaning System.LIVERMORE, Calif. -- Adept Technology, Inc. (Nasdaq: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 they have been chosen by Cool Clean Technologies, as their robotics automation and controls supplier for the CleanFlex(TM) cleaning system, an innovative cleaning system for disk drive manufacturers. The $500,000 order is for Adept SmartControllers and Adept Cobra(TM) Dual s600 SCARA Clean Room robots. The dual robots are controlled simultaneously within the Cool Clean Technologies' patented CleanFlex disk drive cleaning solution. CleanFlex utilizes Carbon Dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. snow to remove particulates and organic contamination from reworked and new drives leaving the disk drives pristine. The speed and precision of the Dual Cobra Clean Room robot combined with the Smart Controllers ability to tightly coordinate and control both arms simultaneously was a key requirement for the CleanFlex system. The result, a more efficient, more reliable cleaning solution for leading disk drive customers. The 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 partnership with Cool Clean Technologies expands the range of automated solutions based on Adept's award winning robotic controller platforms for manufacturers of disk drive, media, suspension and heads and further positions Adept as the leader in robotic automation in the growing market for disk drives in consumer electronics. "We are very pleased to be chosen by Cool Clean Technologies as the OEM control and robotics supplier for their revolutionary disk drive cleaning solution," said John Dulchinos, Vice President of Robotics and Vertical Markets at Adept Technology, Inc. "This substantial order represents a significant milestone in our strategic relationship, and demonstrates the market acceptance and clear benefits of the CleanFlex system." "We are excited to be working with a market leader such as Adept Technology," said David Jackson David Jackson is the name of several notable men:
For further information about Cool Clean Technologies, visit www.coolclean.com. For more information on PurCO2, the precision cleaning division of Cool Clean Technologies, visit www.purco2.com. About Adept Technology, Inc. Adept Technology, Inc. designs, manufactures and markets 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 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, 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. Forward-Looking Statements This press release may contain certain forward-looking statements including statements regarding growth, revenues, cash, margins, expenses and products 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 company's limited cash resources, its customers' ability to pay invoices in a timely manner; 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; risks of acceptance of the company's new or current products in the marketplace; the financial and operating risks and regulatory requirements associated with the company's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; 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 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 the seasonality of the company's products; the risks associated with product defects; the potential delays associated with the development and introduction of new products or software releases; the company's ability to sell its products through systems integrators and original equipment manufacturers who may also promote competing products; or risks associated with variations in our gross margins based on factors which are not always in our control. For a discussion of 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, 2005 and quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarters ended October 1, December 31, 2005 and April 1, 2006 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 and Factors Affecting Future Operating Results contained therein. |
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