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ADEP 6.10 Adept Signs Agreement With CT Robotics LLC to Expand USA Distribution
CT Robotics Brings 25 Years of Robotics Expertise to Customers in the Northeast
Jul 26, 2007 8:30:00 AM
Copyright Business Wire 2007

LIVERMORE, Calif.--(BUSINESS WIRE)--

Adept Technology, Inc. (NASDAQ:ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, announced that they have signed an agreement with CT Robotics, LLC, to be the exclusive representative for Adept's products in the Northeast U.S.A. The relationship between the companies accelerates Adept's distribution expansion strategy and provides customers in the Northeastern U.S. with 25 years of automation expertise based locally in their region.

Under the terms of the agreement, CT Robotics will be the exclusive representative for Adept products and applications services in the Northeast region of the United States. The alliance extends Adept's global distribution expansion strategy initially implemented in Europe. CT Robotics, LLC will maintain a Technical Robotics Center in the region to perform customer demonstrations and feasibility studies and facilitate implementation of flexible automation programs.

"We are thrilled to have CT Robotics, LLC as Adept's exclusive representative," said John Dulchinos, president and COO of Adept Technology, Inc. "Their wealth of automation experience will provide customers implementing robotic solutions with a solid foundation of expertise to draw on."

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.

All trade names are either trademarks or registered trademarks of their respective holders.

Forward-Looking Statements

This press release may contain certain forward-looking statements including statements regarding growth, revenues, cash, margins, expenses and products 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: the company's limited cash resources; its customers' ability to pay invoices in a timely manner; the risk that some of its customers may become insolvent; future economic, competitive and market conditions including those in Europe and Asia and those related to the company's strategic markets; risks of acceptance of the company's new or current products in the marketplace; the financial and operating risks and regulatory requirements associated with the company's international operations; the cyclicality of capital spending of the company's customers and lack of long-term customer contracts; 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; the risks associated with the seasonality of the company's products; the risks associated with product defects; the potential delays associated with the development and introduction of new products or software releases; the company's ability to sell its products through systems integrators and original equipment manufacturers who may also promote competing products; or risks associated with variations in our gross margins based on factors which are not always in our control.

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, 2006 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2007, including the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors contained therein.

Source: Adept Technology, Inc.

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Adept Technology
Inc.
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