Adept Technology and Shibuya Kyogo Announce Strategic OEM Agreement; Adept Technology and Shibuya Kyogo of Japan Collaborate to Develop Photonic Assembly Solutions.Business Editors/High-Tech 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)--Nov. 14, 2001 Adept Technology, Inc. (Nasdaq:ADTK), a leading manufacturer of flexible automation for the fiber optic, telecommunications and semiconductor industries, today announced a strategic 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 agreement with Shibuya Kyogo of Japan. The agreement enables the companies to partner to develop new high-precision photonic Dealing with light (photons). See photon and photonics. assembly solutions based on their combined expertise and automation technologies. "We are extremely pleased to team with Shibuya," said Brian Carlisle, chief executive officer for Adept Technology. "Shibuya's high-precision bonding and automation technology coupled with our innovative photonics assembly mechanisms and platforms will yield extremely flexible and cost-effective solutions for our customers worldwide." "After years of experience with similar motion control and vision products from a variety of suppliers, we reached the conclusion that Adept Technology offers us the broadest range of capabilities, supporting our ongoing commitment to provide first class equipment," said Hirotoshi Shibuya, president and chief executive officer of Shibuya Kogyo Co., Ltd. The agreement with Shibuya is another step in Adept's ongoing strategy to address photonic manufacturing challenges worldwide. Shibuya's experience in developing and building standardized precision workcells, coupled with their 8 years of experience with Adept software, controls and robot systems as a leading Adept system integrator, will enhance photonic solution offerings in the Asian market. Founded in 1931, Shibuya Kogyo specializes in the supply of turnkey systems and custom-built machinery, applying their experience and technological expertise to difficult or unusual projects in the field of bottling, packaging, laser application, medical equipment and semiconductor manufacturing equipment. Shibuya is the leading company in BGA (Ball Grid Array) A popular surface mount chip package that uses a grid of solder balls as its connectors. Available in plastic and ceramic varieties, BGA is noted for its compact size, high lead count and low inductance, which allows lower voltages to be used. and flip chip A chip packaging technique in which the active area of the chip is "flipped over" facing downward. Instead of facing up and bonded to the package leads with wires from the outside edges of the chip, any surface area of the flip chip can be used for interconnection, which is typically done bonding machines in the world. 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, 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 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: 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, including 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. Note to Editors: 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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