Adept Technology's John Dulchinos Elected to Serve as Member of Robotic Industries...

* Reuters is not responsible for the content in this press release.

Tue May 20, 2008 8:30am EDT

Adept Technology's John Dulchinos Elected to Serve as Member of Robotic Industries Association Board

LIVERMORE, Calif.--(Business Wire)--
Adept Technology, Inc. (NASDAQ:ADEP), the leading provider of
intelligent vision-guided robotics and global robotics services, today
announced that John Dulchinos, president and chief operating officer
of Adept Technology, has been elected to serve for his second term as
a member of the Board of Directors of the Robotics Industry
Association (RIA). Mr. Dulchinos has been a leader in the robotics
industry having spent over 20 years overseeing the commercialization
of robotics technology into traditional manufacturing applications as
well as emerging markets throughout the world.

   "I am honored to have been elected by the RIA members to serve on
the Board of Directors," said John Dulchinos, president of Adept
Technology, Inc. "The RIA is a tremendous organization and has done an
excellent job executing initiatives to support the growth of robotics
in North America. With the latest advancements in technology and in
emerging application areas it is a great time to be in robotics."

   Mr. Dulchinos, who previously served as a member of the RIA Board,
started his two year term in January 2008.

   Founded in 1974, the Robotic Industries Association is North
America's leading robotics trade group, representing some 270 robotics
manufacturers, component suppliers, system integrators, end users,
research groups, and consulting firms. For more information, contact
RIA Headquarters at 734/994-6088, on the web at
www.roboticsonline.com, or by e-mail at ria@robotics.org.

   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.

   Forward-Looking Statements

   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.

Adept Technology, Inc.
Press and Industry Analysts:
Lauren Bucher, Marketing, 925-245-3400
Fax: 925-960-0452
lauren.bucher@adept.com
Financial Analysts:
Lisa Cummins, Chief Financial Officer, 925-245-3413
Fax: 925-245-3510
investor.relations@adept.com

Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.