Adept Technology Appoints Cornerstone Technical Group as Distributor in Southeastern United States
Adept Technology, Inc. Posted 09/13/2012Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, announces the appointment of Cornerstone Technical Group (CTG) as its regional distributor covering the southeastern United States. CTG is responsible for developing sales of Adept's industrial robotic solutions, including popular Quattro™ parallel robots, Cobra™ 4-axis robots, Viper™ six-axis robots and Python™ linear modules.
"Cornerstone Technical Group is ideally qualified to bring Adept's industrial robots and controls to market in the southeast. Their extensive sales network and company contacts in states where we want to expand our business, along with their exceptional technical knowledge, make them a great addition to our sales network," said John Boutsikaris, Senior Vice President of Sales and Marketing at Adept. "CTG has the skills and experience to deliver tremendous value to Adept's customers."
"Partnering with Adept provides Cornerstone Technical Group's customers with the industry's most extensive, specialized and cost-effective selection of robotic options for increasing throughput, improving quality, enhancing manufacturing flexibility and increasing customer's overall return on investment," said Brad Baxter, President of Cornerstone Technical Group. "We are excited to represent Adept."
About Cornerstone Technical Group
Cornerstone Technical Group, Inc. is a high-tech industrial automation solutions provider with more than a decade of experience serving the southeastern U.S. Cornerstone exists to increase customer's return on investment by providing and supporting the implementation of "best of breed" industrial automation solutions. These solutions include software, hardware, training and services for the motion, sensing and controls product segments.
About Adept Technology, Inc.
Adept is a global, leading provider of intelligent robots and autonomous mobile solutions and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing, and logistical processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms with autonomous capabilities, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaging, Medical, Disk Drive/Electronics, and Solar; as well as to traditional industrial markets including machine tool automation and automotive components.
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This press release contains forward-looking statements including, without limitation, statements about our expectations for revenues and cash flow and opportunities in our core markets and potential new markets. Such statements are based on current expectations and projections about the Company's business. These statements are not guarantees of future performance and involve numerous risks and uncertainties that are difficult to predict. The Company's actual results could differ materially from those expressed in forward-looking statements for a variety of reasons. For a discussion of these 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, 2011, which includes the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors.