Adept Technology to Offer DENSO High-Speed Robots; Leading Vendor Combines Technologies to Offer 6-axis Robots with Motion Control and Machine Vision; Enables Company to Address New Markets.LIVERMORE, Calif. -- Adept Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADEO ADEO Air Defense Engagement Operations (US Army) ), a leading provider of intelligent vision-guided robotics and global robotics services, and DENSO, a pioneer and industry leader in robot design and manufacturing, today announced an 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 supply relationship to create a superior set of robotics solutions designed to improve and enhance applications including material handling, packaging and testing. Combining Adept's high-performance SmartControl(TM) Software and DENSO's latest line of high-speed 6-axis robots, Adept will deliver a superior 6-axis robotic system 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 for precision assembly applications in high-growth industries, including consumer electronics and life sciences. This new line of robotics solutions will enable users to more quickly and efficiently manufacture and package large volumes of products, significantly improving product time to market while reducing costs and measurably increasing time to value. "We value our relationship with Adept and are looking forward to a long-term association," said Neal Ozeki, DENSO WAVE vice president. "Adept's advanced motion control capabilities, paired with our line of 6-axis robots, provide customers with extraordinary speed and precision. We believe this enables Adept to address new and existing customer markets with solid robotics solutions." "Our strong relationship with DENSO provides excellent strategic opportunities for both companies," said Rob Bucher, chairman and chief executive officer of Adept Technology, Inc. "We are happy to offer customers the ability to leverage new, powerful solutions that take advantage of the unique robotics capabilities that both companies make available." About DENSO and DENSO WAVE DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs 104,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2005 totaled US$26.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges Nagoya Stock Exchange Established after World War II, one of the three major securities markets in Japan. . For more information, go to www.globaldenso.com. In the Americas, DENSO employs more than 15,000 people at 33 companies with consolidated sales for the above fiscal year totaling US$5.4 billion. DENSO WAVE Inc., headquartered in Kariya, Aichi prefecture, Japan, a group company of DENSO Corporation, develops and manufactures industrial components including robots. DENSO WAVE and DENSO have designed and manufactured over 15,000 robots for DENSO facilities, and more than 35,000 robots for other companies worldwide. In the 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. , DENSO WAVE and DENSO's sales company DENSO Sales California, offer a complete line of robots, controllers and software covering a wide range of applications. For more information, visit www.densorobotics.com. About Adept Technology Adept Technology, Inc. designs, manufactures and markets robotic systems, 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. 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. including statements regarding the disc drive market and future results 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, its customers ability to pay invoices in a timely manner and lack of unexpected cash obligations, 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; the company's continuing operating losses causing the company to need to raise additional financing in the future and the effect of the financing on current stockholders; 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, including in the disc drive market, and in the semiconductor industry 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 acquisitions, including integration risks associated with our previous acquisitions; the risks associated with product defects; the potential delays associated with the development and introduction of new products or software releases; or decreased acceptance of the company's new or current products in the marketplace. 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, 2004 and quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarters ended October 2, 2004, January 1, 2005 and April 2, 2005, 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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