Adept Technology Announces Global Conference Speakers: Evergreen Solar, Great Lakes Cheese, Medical Design Magazine, Pepperidge Farm, Packaging Machinery Manufacturer’s Institute and Robotics Industry Association
Adept Technology, Inc. Posted 03/06/2008
Automation Event to Feature the Adept Networking Pavilion as Part of Conference’s Networking Focus
LIVERMORE, Calif.- March 4, 2007, Adept Technology, Inc. (NASDAQ:ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, today announced its Adept Global Conference 2008 event being held April 2-4 will feature speakers from Evergreen Solar, Great Lakes Cheese, Medical Design Magazine, Pepperidge Farm, Packaging Machinery Manufacturer’s Institute (PMMI) and Robotics Industries Association (RIA). The speakers at the conference include Peter Kane, Evergreen Solar’s senior member of technical staff; Stewart Armstrong, Great Lakes Cheese’s packaging engineering manager; Paul Dvorak, Medical Design Magazine’s chief editor; Harry Pettit, Pepperidge Farm’s manager of systems engineering; Ben Miyares, PMMI’s vice president industry relations and Jeff Burnstein, RIA’s executive vice president. Additionally, the company announced the global automation conference to be held at its corporate headquarters in Livermore, CA will feature the Adept Networking Pavilion as part of the conference’s networking focus. The pavilion, taking place in conjunction with the conference, will showcase information from leading industry solution providers, associations and media.
“Our goal for this conference is to give attendees the chance to hear from the industry’s experts and learn what’s new, what’s coming and what opportunities exist in automation,” said John Dulchinos, president and chief operating officer for Adept Technology, Inc. “Whether you are currently using robots or not this conference with its great panel of experts and informative networking pavilion will be an exceptional educational event no one will want to miss.”
Peter Kane, Evergreen Solar’s senior member of technical staff, has 30 years of automation experience with 12 years at Evergreen Solar a global technology leader and innovator in the solar industry and 18 years with Polaroid.
Stewart Armstrong, Great Lakes Cheese’s packaging engineering manager, has over 35 years of experience in food packaging systems & is responsible for cheese packaging materials, the design of new packaging production systems and improvements to existing production lines for all of Great Lakes Cheese’s manufacturing plants.
Paul Dvorak, Medical Design Magazine’s chief editor, started at Penton Media on the Machine Design staff as the mechanical drives editor and later worked as its CAD/CAM editor. He began working on Medical Design in 2002 as managing editor before being promoted to chief editor in 2005.
Harry Pettit, Pepperidge Farm’s manager of systems engineering, has worked in the food industry for over 20 years. In his current role with Pepperidge Farm, he is responsible for plant floor network and control system development and standardization, plant floor electrical systems, electrical and machine safety, and facility infrastructure engineering.
Ben Miyares, PMMI’s vice president industry relations, has worked in the packaging business since 1963 as a writer, analyst, packaging consultant, conference organizer, commentator and frequent speaker on packaging topics at numerous international conferences, association meetings, corporate and consumer programs.
Jeff Burnstein, RIA’s executive vice president, has been with the RIA since 1983, serving in a variety of marketing and PR positions until being named executive vice president in 2007. Burnstein also heads the Automation Technologies Council, the umbrella trade association for RIA, the Automated Imaging Association, and the Motion Control Association.
A detailed agenda, registration requests and more information can be found on the company’s website at http://www.adept.com/conference
About Adept Technology, Inc.
Adept is a global, leading provider of intelligent robotics systems and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and other automated processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaged Goods, Life Sciences, Disk Drive/Electronics and Semiconductor/Solar; as well as to traditional industrial markets including machine tool automation and automotive components. More information is available at www.adept.com.
All trade names are either trademarks or registered trademarks of their respective holders.
This press release contains certain forward-looking statements including statements regarding revenues, profitability, products, market opportunities and Adept's growth and impact of its restructuring based on its current products, strategy and market presence 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, factors affecting our operating results including factors difficult to forecast; 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 actual results of our restructuring activities, and potential impact of current restructuring efforts; the financial and operating risks and regulatory requirements associated with international operations, sales and foreign suppliers; the cyclicality of capital spending of the Company's customers and lack of long-term customer contracts; customers' ability to pay invoices in a timely manner; the risk that some customers may become insolvent; dependence on the continued growth of the intelligent automation market; the highly competitive nature of and rapid technological change and competition within the intelligent automation industry; the lengthy sales cycles for the Company's products; the Company's limited cash resources and significant fixed costs which are not easily reduced; the Company's outsourced manufacturing dependence and risks associated with sole or single sources of supply and lengthy procurement lead times; risks associated with the seasonality of the Company's products; risks associated with product defects; 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; risks associated with variations in our gross margins based on factors not always in Adept's control; the need to hire and retain qualified managerial personnel and to complete acquisitions to expand operations; risks of unfair termination claims by employees; risks associated with variations in gross margins; risks related to the Company's potential inability to strengthen its internal controls over financial reporting; potential securities class action litigation if Adept's stock price remains volatile or operating results suffer; and costs of being a public company as a result of legislation requiring greater general and administrative costs to be incurred.
For a discussion of risk factors relating to Adept's business, see Adept's SEC filings, including the Company's annual report on Form 10-K for the fiscal year ended June 30, 2007, which include the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors contained therein.
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