Adept Technology Receives $1.1 Million Order From Major China Civil Explosive Technology and Equipment Turn Key Service Provider
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130228:nGNXUXGVRa PLEASANTON, Calif., Feb. 28, 2013 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, today announced that Shenzhen King Explorer Science & Technology Co., Ltd., the largest China Civil Explosive Turn Key Service Provider, plans to upgrade more than 100 customer emulsion explosive lines they have built worldwide with fully automated packaging lines by using multiple Adept Quattro s650 parallel robots in the next three years. Each line requires either two or four Quattro s650 parallel robots depending on its throughput. The $1.1M order is expected to be fulfilled over the course of the 2013 calendar year. "By utilizing Adept Quattro robots and vision-guided conveyor tracking the company's automated packaging lines will improve traceability of explosive material by using sensors at each step in the process," said Rob Cain, president and CEO of Adept Technology. "With this type of system the Adept Quattro robots can track the number of units in each package virtually guaranteeing traceability and removing the potential for human operator error." "Adept's industrial automation experience in high speed packaging was a key factor in our decision in choosing Adept as our partner for this project," said Gang Ming, CEO of Shenzhen King Explorer Science & Technology Co., Ltd. "We believe with the speed and strength of the Adept Quattro robots we will be able to increase our customers' productivity and greatly limit human exposure to potentially dangerous tasks." The Adept Quattro s650 chosen for the project is the only robot on the market that is able to achieve in excess of 150 parts per minute to meet production demands. The Quattro uses a four-arm "parallel" design that is specifically engineered for high-speed manufacturing, packaging and assembly applications. The robot's four-arm design, advanced control algorithms, and large work envelope make it the ideal overhead-mount robot for smooth motion, high-throughput applications. About Shenzhen King Explorer Science & Technology Co., Ltd. Shenzhen King Explorer Science & Technology Co., Ltd. is the largest China civil explosive turn-key service provider that is based in Shenzhen, China. In the past four years, it constructed more than 100 civil explosive plants (powder explosive, emulsion explosive, etc) worldwide. King Explorer recently acquired a US based company "Zukovich, Morhard & Wade, LLC (ZMW)", a leading supplier of emulsion explosives technology who has operated in more than 580 explosives and detonator plants in 95 countries worldwide. More information on the company's products can be found at http://www.kingexplorer.com http://www.globenewswire.com/newsroom/ctr?d=10023642&l=6&a=http%3A%2F%2Fwww.kingexplorer.com&u=http%3A%2F%2Fwww.kingexplorer.com%2F and http://www.exploenergy.com http://www.globenewswire.com/newsroom/ctr?d=10023642&l=6&a=http%3A%2F%2Fwww.exploenergy.com&u=http%3A%2F%2Fwww.exploenergy.com%2F . 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 Medical, Electronics, Food and Semiconductor; 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 . All trade names are either trademarks or registered trademarks of their respective holders. The Adept Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5387 http://www.globenewswire.com/newsroom/ctr?d=10023642&l=10&u=http%3A%2F%2Fwww.globenewswire.com%2Fnewsroom%2Fprs%2F%3Fpkgid%3D5387 Forward-Looking Statements This press release contains forward-looking statements including, without limitation, statements about our 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) email@example.com Financial Analysts: Michael Schradle, Chief Financial Officer Adept Technology, Inc. 925 245 3400 (voice) Fax: 925 245 3510 (fax) firstname.lastname@example.org
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