Adept Technology to Host Automation Conference at Assembly Technology Expo | Automation.com

Adept Technology to Host Automation Conference at Assembly Technology Expo

August 302004
Conference to Feature Live Demonstrations and Industry Leaders Sharing Real-World Experiences

LIVERMORE, Calif.--(BUSINESS WIRE)--Aug. 30, 2004--Adept Technology, Inc. (OTCBB:ADTK), a leading manufacturer of robotic systems, motion control and machine vision technology today announced it will host the Adept Automation Conference in Rosemont, IL on September 27th, 2004. The free conference, being held in conjunction with the Assembly Technology Expo, which opens September 28th, will feature live demonstrations and presentations from several industry leaders on their real world manufacturing experiences.

"We believe we have put together an excellent conference agenda that will provide attendees with the chance to learn about the latest in assembly robot technology and network with top US manufacturers from the electronics, automotive, industrial, medical products, food and pharmaceutical industries," said John Dulchinos, vice president and general manager of robotics for Adept Technology, Inc. "The format of the conference will combine technical sessions on the latest developments in assembly robots, guidance vision, and PLC-controlled robots along with real world case studies."

The conference takes place at the Donald E. Convention Center on September 27th, 2004. More information on the conference, a conference agenda and registration requests can be found on the company's website at www.adept.com.

Adept Technology designs, manufactures and markets robotic systems, motion control and machine vision technology for the telecommunications, electronics, semiconductor, automotive, lab automation, and biomedical industries throughout the world. Adept's robots, controllers, and software products are used for small parts assembly, material handling and packaging. Adept's intelligent automation product lines include industrial robots, configurable linear modules, machine controllers for robot mechanisms and other flexible automation equipment, machine vision, systems and software, and application software. Founded in 1983, Adept Technology is America's largest manufacturer of industrial robots. More information is available at www.adept.com.

This press release contains certain forward-looking statements including statements regarding revenue 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 of the company's customers, including 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 which are not easily reduced; the risks associated with sole or single sources of supply and lengthy procurement lead times; 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 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, December 27, 2003 and March 27, 2004 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.


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