Leading Automation Companies Team With Highly Customized, Vision-Enabled Robotics, Providing Manufacturers With Speed, Flexibility, and ControlLIVERMORE, Calif.—(BUSINESS WIRE)—Nov. 29, 2005— Adept Technology, Inc. (NASDAQ: ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, today announced a strategic supplier agreement with Parker Hannifin Corporation (NYSE:PH), the world's leading diversified manufacturer of motion and control technologies and systems. By combining Adept's expertise in robotics control and vision-guided systems with Parker Hannifin's expertise in manufacturing linear positioning systems, the companies establish a new standard for Cartesian robot speeds at higher payloads, while dramatically reducing the delivery time for the customized robots from an industry average of more than four months to approximately four weeks.
The new Adept Python(TM) linear modules are used for a variety of manufacturing tasks -- including small parts assembly, material handling, and dispensing -- in general industrial manufacturing and in industries such as automotive, consumer electronics, consumer goods, food, industrial tooling, medical devices, and pharmaceuticals. The flexible, vision-enabled robots allow manufacturers to quickly and cost-effectively adapt their production lines to meet consumer demand for more variety -- which is difficult to do when outsourcing manufacturing overseas.
"In teaming with Parker Hannifin, we intended to raise the bar, combining the industry-leading capabilities of two of the best automation companies in the world to create a superior product and dramatically reduce the time it takes to specify, order, and receive a robot," said Robert Bucher, chairman and chief executive officer of Adept Technology, Inc.
A Breakthrough in Robot Design and Delivery
To achieve dramatically shorter delivery times, Adept has developed the industry's first web-based configuration tool that lets integrators specify the exact robot they need via Adept's online portal. The robot can be customized based on the number of axes, length of each axis, configuration style, mounting method, orientation of the motor mounts, ball screw type, controller requirements, and other design details. Once the robot is specified, the customer can click to submit the design for a quote, and download complete CAD drawings in their format of choice.
"Our relationship with Adept is based on our common vision of providing customers with high-quality, custom solutions as quickly as possible," said Ken Sweet, a general manager at Parker Hannifin Corporation. "From the start, we have taken a truly collaborative approach to meeting customer demand, and the result is unprecedented levels of quality and customization with a turnaround time that simply can't be matched in the industry."
The Adept Python
The Adept Python family of high-quality linear modules for high-speed small parts assembly material handling and dispensing applications incorporate unique design features making them the most robust modules for gantry or cantilever configurations. Built-to-order and configured and tested at Adept, Python linear modules can be combined into several configurations, including single-axis, 2-axis and 3-axis, and can be mounted on a table, wall, or ceiling.
-- Python L08 modules feature an 85 mm cross section and are available in lengths from 100 mm to 800 mm.
-- Python L12 modules feature a 125 mm cross section and are available in lengths from 200 mm to 1500 mm.
-- Python L18 modules feature a 185 mm cross section and are available in lengths from 300 mm to 1600 mm.
Python linear modules are controlled by the Adept SmartController CX and the MotionBlox 10 servo controller and amplifier, allowing for easy programming of custom mechanisms to perform straight-line motion and circular motion in three-dimensional space.
About Parker Hannifin
With annual sales exceeding $8 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 50,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 49 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com, or its investor information site at http://www.phstock.com.
About Adept Technology
Adept Technology, Inc. designs, manufactures and markets robotic systems, motion control and machine vision technology for global markets including automotive, consumer electronics, consumer goods, food, industrial tooling, medical devices, and pharmaceutical. Adept robots, controllers, and software are used for small parts assembly, material handling and packaging. Adept intelligent automation product lines include industrial robots, configurable linear modules, machine controllers for robot mechanisms and other flexible automation equipment, machine vision, and systems and applications software. Founded in 1983, Adept Technology is the largest U.S.-based manufacturer of industrial robots. More information is available at www.adept.com.
This press release contains certain forward-looking statements including statements regarding future operational performance 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, future economic, competitive and market conditions including those in Europe and Asia and those related to the company's strategic markets; the company's dependence on the continued growth of the intelligent automation market; the company's highly competitive industry; rapid technological change within the intelligent automation industry; the lengthy sales cycles for the company's products; the company's significant fixed costs which are not easily reduced; the risks associated with sole or single sources of supply and lengthy procurement lead times; dependence upon the company's suppliers; the risks associated with product defects; the potential delays associated with the development and introduction of new products or software releases; or decreased acceptance of the company's new or current products in the marketplace.
For a discussion of risk factors relating to Adept's business, see Adept's annual report on Form 10-K for the fiscal year ended June 30, 2005 including the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations and Factors Affecting Future Operating Results contained therein.
The Adept logo is a registered trademark of Adept Technology, Inc. Adept is a trademark of Adept Technology. All other trademarks are owned by their respective companies.
Adept Technology Lauren Bucher, 925-245-3533 (Press and Industry Analysts) Email Contact Robert Strickland, 925-245-3400 (Financial Analysts) Email Contact