Adept Technology Names Robert Cain as CEO

Sun Feb 24, 2013 9:00pm EST

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PLEASANTON, Calif., Feb. 24, 2013 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a
leading provider of intelligent robots and autonomous mobile solutions and services, today
announced that its Board of Directors has appointed Rob Cain as President and Chief Executive
Officer succeeding John Dulchinos, who has resigned as President and Chief Executive Officer and
as a director of the Company.

As new CEO, Mr. Cain, 47, brings to the company over 25 years of experience in the high tech and
capital equipment industries combined with a mechanical engineering and graduate business
education. He has been a key figure in the turnaround and return to double digit growth of
multiple companies, most recently at Telanetix as COO and prior to that at Avure Technologies as
the SVP of Operations. He is also a Hale Capital Partners Operating Partner. Working with Adept
over the past several months in an advisory capacity, Mr. Cain has been a primary architect of the
restructuring plan adopted by the company and now leads the corporate vision towards an increased
emphasis on profitable growth in both its traditional markets and the new exciting mobile
business.

"Rob came to our attention because of his strong execution skills, his proven ability to lead top
performing teams and his track record in driving shareholder value," said Mike Kelly, Adept's
Chairman. "We have been impressed by his emphasis on a culture of accountability and execution as
well as a vision for top and bottom line growth, developing internal talent while reaching outside
for new skills. Additionally, his straightforward style and relentless positive energy is the kind
of leadership we want at Adept."

Cain stated, "Adept is one of the world's great automation companies and a global brand, with a
proud history of innovation, outstanding talent and market leading positions in many of its
product lines and services. It's an honor to join its leadership team and have the opportunity to
build on its success. Our future is focused on profitable growth, and increasing our market share
through the development of innovative products and services that add value to our customers.
Adept's employees are some of the brightest minds in the automation business and have delivered
solutions to many of the world's leading companies. I look forward to serving with them," Cain
went on to say.

Mike Kelly added, "John Dulchinos was very passionate about the business and we sincerely wish him
success in his next business endeavor."

About Adept Technology, Inc.

Adept is a global, leading provider of intelligent robots and autonomous mobile solutions and
services that enable customers to achieve precision, speed, quality and productivity in their
assembly, handling, packaging, testing, and logistical processes. With a comprehensive portfolio
of high-performance motion controllers, application development software, vision-guidance
technology and high-reliability robot mechanisms with autonomous capabilities, Adept provides
specialized, cost-effective robotics systems and services to high-growth markets including
Packaging, Medical, Disk Drive/Electronics, and Solar; as well as to traditional industrial
markets including machine tool automation and automotive components. More information is available
at

www.adept.com
http://www.globenewswire.com/newsroom/ctr?d=10022877&l=7&a=www.adept.com&u=http%3A%2F%2Fwww.adept.com

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Forward-Looking Statements

This press release contains forward-looking statements including, without limitation, statements
about our restructuring, expectations for revenues and cash flow, market share and product
development opportunities in our core markets and potential new markets. Such statements are based
on current expectations and projections about the Company's business. These statements are not
guarantees of future performance and involve numerous risks and uncertainties that are difficult
to predict. The Company's actual results could differ materially from those expressed in
forward-looking statements for a variety of reasons. For a discussion of these 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, 2012, which includes the discussion in sections
entitled Management's Discussion and Analysis of Financial Condition and Results of Operations and
Risk Factors.

CONTACT: Press and Industry Analysts:
         Glenn Hewson
         Adept Technology, Inc.
         858 699 3909 (voice)
         925 960 0452 (fax)
         glenn.hewson@adept.com
         
         Financial Analysts:
         Michael Schradle, Chief Financial Officer
         Adept Technology, Inc.
         925 245 3400 (voice)
         Fax: 925 245 3510 (fax)
         investor.relations@adept.com

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