Adept Technology Presents Adept Quattro S650 Robot at World's Largest Solar Trade Fair
Adept Technology, Inc. Posted 06/10/2008
Robotic Demonstration to Show Advanced Technology for Thin Cell Handling and Inspection
LIVERMORE, Calif. - June 10, 2008, Adept Technology, Inc. (NASDAQ:ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, today announced it will present the Adept Quattro s650 robot on its’ booth (Hall B5, Stand 220) at Intersolar 2008, the world’s largest solar trade fair, in Munich, Germany June 12-14. The robot will also be showcased on the company’s booth (#9543) at the fair’s North American sister show, Intersolar North America 2008 in San Francisco, CA June 15-17. The robotic demonstration will show advanced technology for thin cell handling and inspection.
“Intersolar is the perfect venue to demonstrate the unique capabilities of the Quattro s650 robot for solar cellhandling and inspection,” said John Dulchinos, president of Adept Technology, Inc.” As the industry shifts to thinner and thinner cells, Quattro robots have proven to be the perfect solution for increasing manufacturing yields and overall factory throughput.”
The Adept Quattro robot was recently selected by SLS Solar Line Saxony ("SLS") as part of its standard products for their automation equipment for solar cell production. SLS was established as a joint venture between Roth & Rau AG (Hohenstein-Ernstthal) Germany and USK Karl Utz Sondermaschinen (Limbach Oberfrohna) Germany to accelerate the production of standard technology products for the manufacturer of solar cells. The Adept Quattro s650 robot, first introduced by Adept in 2007, using a unique four arm Parallel kinematic offers major advantages over the traditional three arm Delta style kinematic. As is the case with most other robots from Adept, the amplifiers are in the base of the robots. Since the official launch of the Adept Quattro, over 200 systems have been sold.
Intersolar 2008 will be held at the New Trade Fair Centre in Munich, Germany June 12-14. Intersolar North America 2008 will be held at the Mascone Center in San Francisco, California June 15-17. Registration information for both shows can be found at http://www.intersolar.de/index.php?id=65&L=1.
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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