Hutchinson Technology Takes Delivery of Adept Technology's 20,000th Robot
LIVERMORE, Calif. --(BUSINESS WIRE)--May 3, 2004--Adept Technology, Inc. (OTCBB:ADTK), a leading manufacturer of robotic systems, motion control and machine vision technology for the telecommunications, electronics, semiconductor, automotive, lab automation, and biomedical industries, today announced that it has reached a significant shipment milestone by delivering its 20,000th robot to Hutchinson Technology Inc. (Nasdaq:HTCH) of Hutchison, MN, a world leader in suspension assemblies for the hard disk drive industry." This landmark shipment validates Adept's commitment to helping US manufacturers effectively compete with off shore manufacturing," said John Dulchinos, vice president of sales for Adept Technology, Inc.
"Hutchinson Technology, with its manufacturing excellence and use of advanced robotic technology, is an excellent example that domestic manufacturing is a competitive production alternative."" We are honored to be the recipient of Adept's 20,000th robot and congratulate Adept on achieving this significant milestone," said Tom Kern, purchasing agent and primary capital equipment buyer for Hutchinson Technology, Inc. "Adept's state-of-the-art robot technology has been important to our automation strategy, which has helped us succeed in the highly competitive global marketplace."
More information on Adept and their products can be found on their website at www.adept.com . The company is also offering free regional technical sessions and an automation conference for manufacturing and engineering professionals in May, June & September 2004. The technical sessions will be hosted in Livermore, CA, Cincinnati, OH and Southbury, CT and the automation conference will be held in Chicago in conjunction with the ATExpo show in September.
Registration for these events can also be found on the company's website.Hutchinson Technology, founded in 1965, is the leading worldwide supplier of suspension assemblies for disk drives. Hutchinson Technology's BioMeasurement Division provides health professionals with simple, accurate methods to measure the oxygen in tissue.
More information on Hutchinson can be found at www.htch.com .Adept Technology designs, manufactures and markets factory automation components for the telecommunications, consumer electronics, semiconductor, automotive, lab automation and pharmaceutical industries throughout the world. Adept's robots, controllers, and software products are used for small parts assembly, material handling and precision process applications.
Our intelligent automation product lines include industrial robots, configurable linear modules, flexible feeders, semiconductor process components, OEM motion controllers for robot mechanisms and other flexible automation equipment, machine vision systems and software, and application software. Founded in 1983, Adept is America's largest manufacturer of industrial robots.This press release contains certain forward-looking statements that involve a number of risks and uncertainties.
Actual results could vary for a number of reasons, including but not limited to, the potential delays associated with the development and introduction of new products or software releases; 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 Adept's business, see Adept's annual report on Form 10-K for the fiscal year ended June 30, 2003, as amended, and its quarterly reports on Forms 10-Q for the fiscal quarters ended September 27, 2003 and December 27, 2003 including the discussion in Management's Discussion and Analysis 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.
