Adept Technology Inc. is a global provider of intelligent robotics systems and services. Trading on the NASDAQ Global Market, they enable their customers to achieve precision, speed, quality, and productivity in their assembly, handling, packaging, testing, and other automated processes. Headquartered in Livermore, California, the company began in 1983, and they are the largest United States-based manufacturer of industrial robots.
Adept’s product portfolio consists of high-performance motion controllers, industrial robots, application development software, vision-guidance technology, configurable linear modules, and high-reliability robot mechanisms. The company provides their robotic systems and services to the packaged goods, medical, disk drive/electronics, and solar markets. They also serve machine tool automation, automotive components, and other industrial markets.
Adept markets, distributes, and supplies after-sales service for their products worldwide. They do this directly as well as through their distribution channel associations. They are responsible for the installation of over 25,000 non-captive and more than 30,000 Adept-controlled robots worldwide.
Adept was the innovator and pioneer behind direct-drive robots, flexible feeding, database-driven applications software, integrated vision and conveyor tracking, digital servo networks, and other products and technologies of high value to the flexible automation industry. The company is also a developer of products for vision guidance and vision-based inspection. They pioneered vision-guidance capabilities for robots 25 years ago and continue to innovate in this specialty. The company established themselves years ago as a technology leader in the robotics industry with the invention of V+, their programming language for robot applications, which became a standard in the industry.
Earlier this month the company reported a 35.8 percent jump in their fourth-quarter revenue. They reported $899,000 in net income, or 10 cents per diluted share, for their fiscal fourth quarter ending June 30. In the same quarter last year, the company had a net loss of $5.7 million, or a loss of 73 cents per diluted share. Revenue for the quarter was $16.7 million, up from $12.3 million in last year’s quarter. Adept expects their revenue for fiscal 2009 to be in the range of $67 million and $73 million.
Last week, the company announced they achieved ISO 9001:2000 certification for the design and manufacturing of industrial robotics. The internationally recognized certification is significant to their corporate mission of providing the highest quality products and services. They hope to continue to be adept at providing major return on investment for their customers and shareholders alike.
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