New Entry Level SCARA Robot Extends Use of Robotics to Applications Currently Employing Dedicated Automation or Manual LaborLIVERMORE, Calif.--(BUSINESS WIRE)--June 14, 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 the availability of the Adept Cobra(TM) i-series robots for entry level applications that are currently utilizing dedicated automation or manual labor. Historically robots were not considered viable in these applications due to prohibitive cost, difficulty in installation and complications with support. With its simpler design, plug and play installation and easy to use capabilities the new standalone i-series robots are designed to extend the use of robotics to applications currently employing dedicated automation or manual labor."The Adept Cobra i-series robots are revolutionary in design. They are the only self-contained SCARA robots in the world with the controller built into the robot arm," said John Dulchinos, vice president of sales for Adept Technology, Inc. "This makes the robot easier to install and operate and gives it a much smaller footprint ideal for basic automation tasks such as mechanical assembly, part transfer, material handling, packaging, palletizing, machine tending, screw driving, and many other entry level applications."The Adept Cobra i600 and Adept Cobra i800 robots are capable of running completely standalone under the Adept MicroV+ operating system and programming language, without the need for an external controller, electronics, or breakout box. Robot installation is reduced to mounting the robot and connecting power. Adept Cobra(TM) i600 & i800 robots can be deployed quickly and easily and controlled from commands from PC programs, Digital I/O, or a Programmable Logic Controller (PLC).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 liquidity, expenses, revenue and future operating 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 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, Adept Cobra i600 and Adept Cobra i800 are trademarks of Adept Technology. All other trademarks are owned by their respective companies.CONTACT: Adept Technology, Inc.Val Cureton, 925-245-3490 (Press and Industry Analysts)Michael Overby, 925-245-3523 (Financial Analysts)email@example.com
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