Key Developments: Adept Technology Inc (ADEP.OQ)

ADEP.OQ on NASDAQ Stock Exchange Capital Market

9.10USD
31 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Adept Technology Inc receives order for mobile robots from pharmacy automation system provider
Tuesday, 3 Dec 2013 04:01pm EST 

Adept Technology Inc:Says Cornerstone Automation Systems, LLC (CASI), a producer of material handling, packaging and manufacturing automation, has placed an order for a fleet of Adept Lynx mobile robots.  Full Article

Adept Technology Inc Appoints Seth Halio as Chief Financial Officer
Tuesday, 1 Oct 2013 04:30pm EDT 

Adept Technology Inc announced that Mr. Seth Halio has been named as Chief Financial Officer effective October 3, 2013.  Full Article

Adept Technology Inc Approves Resignation Of Michael Schradle As Chief Financial Officer-Form 8-K
Friday, 5 Jul 2013 08:31am EDT 

Adept Technology Inc reported in its Form 8-K on July 2, 2013, the Adept Board of Directors approved the resignation by Michael Schradle, from service as Adept’s Senior Vice President of Finance and Chief Financial Officer, effective July 12, 2013. The Company is reviewing candidates for service following Mr. Schradle’s separation.  Full Article

Adept Technology Inc Receives $2.6 Million Order From CASTEC International Corp
Tuesday, 18 Jun 2013 09:00am EDT 

Adept Technology Inc announced that it has received a total order of $2.6 million from CASTEC International Corp., Taiwan for robotics to be used in high precision workcells for one of the largest providers of semiconductor manufacturing services. The workcells will utilize Adept Cobra robots, motion control and integrated vision to automate the sub assembly of smart phone electronics.  Full Article

Adept Technology Inc Receives $1.1 Million Order From China Civil Explosive Technology and Equipment Turn Key Service Provider
Thursday, 28 Feb 2013 05:00pm EST 

Adept Technology Inc announced that Shenzhen King Explorer Science & Technology Co., Ltd., 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.  Full Article

Adept Technology Inc Names Robert Cain as President and Chief Executive Officer
Sunday, 24 Feb 2013 09:00pm EST 

Adept Technology Inc 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.  Full Article

Adept Technology Inc Appoints Michael Schradle As Chief Financial Officer
Thursday, 8 Nov 2012 04:02pm EST 

Adept Technology Inc announced that Michael Schradle has been named its senior vice president of finance and Chief Financial Officer.  Full Article

Adept Technology Inc Appoints Interim Chief Financial Officer-Form 8-K
Tuesday, 9 Oct 2012 03:01pm EDT 

Adept Technology Inc reported in its Form 8-K that as previously disclosed, on September 20, 2012, Lisa M. Cummins, Senior Vice President of Finance, Chief Financial Officer (CFO) and Secretary of the Adept Technology, Inc. (Company), notified the Board of Directors of the Company that she is resigning her employment with the Company for personal reasons. Effective as of the termination of service by Lisa M. Cummins, John Dulchinos, the Company’s President, Chief Executive Officer and Assistant Secretary, was appointed by the Board of Directors of the Company to serve as interim Chief Financial Officer and Secretary of the Company until a successor is duly elected and qualified.  Full Article

Adept Technology Inc Announces Closing of Private Placement
Tuesday, 18 Sep 2012 04:05pm EDT 

Adept Technology Inc announced the closing of its private placement of 8,000 shares of its Series A Convertible Preferred Stock to affiliates of Hale Capital Partners, LP for total gross proceeds of $8,000,000. The shares sold are convertible into shares of Adept's Common Stock at a conversion price of $4.60 per share. Adept intends to use the net proceeds from this sale of shares for general corporate purposes, including funding growth of its mobile and packaging business, and the possible reduction of its debt.  Full Article

Adept Technology Inc Announces $8 Million Private Placement
Thursday, 6 Sep 2012 09:00am EDT 

Adept Technology Inc announced that it has entered into an agreement to sell 8,000 shares of its Series A Convertible Preferred Stock, par value $.001 per share, at a purchase price of $1,000 per share to affiliates of Hale Capital Partners, LP for a total of $8,000,000. Adept has the ability to issue up to an additional $1,500,000 of shares of Series A Convertible Preferred Stock to other buyers subject to certain conditions. The shares sold would be convertible into shares of Adept's Common Stock at a conversion price of $4.60 per share. Subject to the satisfaction of customary conditions and lender and Nasdaq approval, the sale of shares is expected to close mid-September, 2012. Adept intends to use the net proceeds from this sale of shares for general corporate purposes, including funding growth of its mobile and packaging business, and the possible reduction of its debt.  Full Article

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