Adept Technology Wins Industry Appreciation Award for Service From American Society of Mechanical Engineers | Automation.com

Adept Technology Wins Industry Appreciation Award for Service From American Society of Mechanical Engineers

March 222004
Adept Technology's Support of Higher Education Wins ASME Industry Award

LIVERMORE, Calif.--(BUSINESS WIRE)--March 22, 2004-- Adept Technology, Inc. (OTCBB:ADTK), a leading manufacturer of robotic systems, kinematic and machine vision technology for the telecommunications, electronics, semiconductor, automotive, lab automation, and biomedical industries, today announced that it has received American Society of Mechanical Engineers (ASME), Santa Clara Valley Section's 2004 Industry Appreciation Award for its contributions to and continuing support of higher education. Adept received the award March 4th, 2004 at ASME's annual Silicon Valley industry event held in Santa Clara, CA.

"Each year the Santa Clara Valley Section of ASME International recognizes companies and universities in the area for their outstanding support and contributions to our area and community," said Winncy Du, Ph.D., P.E., assistant professor of San Jose State University and chairperson of the ASME, Santa Clara Valley Section. "This year we were pleased to honor Adept for their support of higher education. Adept provided advanced robot technology to several institutions for research, effective learning, and course/senior/Master projects. The educational value of their contribution is immeasurable."

"We are very pleased to receive this award as we strongly hope that the exposure to this equipment will spark the interest of engineers-in-training and that this will lead them down a career path that will advance the robotics and factory automation industry," said Matt Murphy, vice president of engineering and operations at Adept Technology.

Founded in 1880, the American Society of Mechanical Engineers is a 120,000-member professional organization focused on technical, educational and research issues of the engineering and technology community. ASME conducts one of the world's largest technical publishing operations, holds numerous technical conferences worldwide, and offers hundreds of professional development courses each year. ASME sets internationally recognized industrial and manufacturing codes and standards that enhance public welfare and safety. More information is available at www.asme.org.

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. More information is available at www.adept.com.

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.

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