Order for Robots Expands Adept Customer Base in Growth Market
LIVERMORE, Calif.- July 11, 2007-Adept Technology, Inc. (Nasdaq:ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, today announced that their robotics have been selected for an automated prescription drug fulfillment system that will use their Adept Cobra(TM) SCARA and Adept Viper(TM) 6-Axis robots. The $1.2 million order represents Adept's second major customer win in the past 6 months in the growing market for the automated fulfillment of prescription drugs.
The Adept Cobra and Viper robots will be integrated into systems that will be deployed regionally in automated pharmacy fulfillment centers. According to BCC Research, a 35 year old market research firm serving the Healthcare industry, the US pharmacy automation market will grow from $1.4 Billion in 2003 to $2.5 Billion by 2008.
"This order represents a significant endorsement of the use of Adept's products and technology in the medical packaging market," said John Dulchinos, President and COO of Adept Technology. "It is a reinforcement of our vertical market strategy and the added value that Adept provides to customers in these markets."
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; as well as to traditional industrial markets including machine tool automation and automotive components. More information is available at www.adept.com.
CONTACT: Adept Technology, Inc.
Lauren Bucher, 925-245-3533 (Press and Industry Analysts)
SOURCE: Adept Technology, Inc.