Adept Technology Receives Order for Mobile Robots from Pharmacy Automation
PLEASANTON, Calif., Dec. 3, 2013 (GLOBE NEWSWIRE) -- Adept Technology, Inc.
(Nasdaq:ADEP), a leading provider of intelligent robots, autonomous mobile
solutions and services, today announced that Cornerstone Automation Systems,
LLC (CASI), a producer of innovative material handling, packaging and
manufacturing automation, has placed an order for a fleet of Adept "Lynx"
mobile robots. CASI will integrate the robots into state-of-the-art pharmacy
automation systems slated to deploy at three customer facilities in the United
States over the coming year. CASI has also been named Adept's first preferred
partner for mobile robots.
CASI's pharmacy automation systems are a next-generation solution for
automated dispensing at centralized pharmacies. The turnkey systems use
Adept's Lynx mobile robot platform to transport standard and controlled
substances within a pharmacy facility with a new level of efficiency, security
"The Adept Lynx robot platform, combined with our own integrated handling
mechanisms and controls, provides the security and traceability not achievable
by any other means," said Michael Doke, CASI executive vice president. "Lynx
stood out to us for many reasons—its open interface has made it extremely easy
to integrate into our 'SolidSuite Rx' software for inventory control. Lynx is
fully autonomous and does not require additional infrastructure to operate so
it is easy to deploy. And Adept's 'Enterprise Manager' software allows
complete management of an entire Lynx fleet, ensuring optimal efficiency."
Adept President and CEO Rob Cain said, "We are pleased to welcome CASI as a
preferred partner for mobile robots. Our companies have a very successful
history together in the implementation of industrial robots at some strategic
customers. We are excited to be a part of the unique solution CASI is
providing for pharmacy automation and look forward to establishing our
foothold in this promising market."
Adept's Lynx is a self-navigating Autonomous Indoor Vehicle (AIV) for moving
material in dynamic environments that may include confined passageways, people
and other obstacles. Simple to deploy, Lynx systems require no facility
modifications and can be programmed and functional within a day. These
efficient, reliable systems are designed to be compatible with a variety
applications and payloads.
Adept preferred partners are selected for their advanced technical
capabilities and knowledge base in their respective markets. Preferred
partners define, configure, and deliver fully integrated solutions using Adept
robots, software, and grippers to increase speed and efficiency on production
and material handling lines.
About Cornerstone Automation Systems, LLC
Cornerstone Automation Systems (CASI) is a manufacturer that designs and
implements state-of-the-art intelligent automation for industries such as
distribution and pharmacy fulfillment. The company boasts decades of
experience in developing advanced automation and has the in-house design and
field engineering staff to deliver a world-class automated system at a
competitive price using modular customizable components. CASI's
next-generation pharmacy solutions are designed to boost fulfillment
efficiency, security and material traceability, ultimately lowering customers'
operating costs and enhancing patient safety. For more information, visit
About Adept Technology, Inc.
Adept is a global, leading provider of intelligent robots and autonomous
mobile solutions and services that enable customers to achieve precision,
speed, quality and productivity in their assembly, handling, packaging,
testing, and logistical processes. With a comprehensive portfolio of
high-performance motion controllers, application development software,
vision-guidance technology and high-reliability robot mechanisms with
autonomous capabilities, Adept provides specialized, cost-effective robotics
systems and services to high-growth markets including medical, electronics,
food and semiconductor; as well as to traditional industrial markets including
machine tool automation and automotive components. More information is
available at www.adept.com.
This press release contains forward-looking statements including, without
limitation, statements about our expectations for revenues and cash flow,
market share and product development opportunities in our core markets and
potential new markets. Such statements are based on current expectations and
projections about the Company's business. These statements are not guarantees
of future performance and involve numerous risks and uncertainties that are
difficult to predict. The Company's actual results could differ materially
from those expressed in forward-looking statements for a variety of reasons.
For a discussion of these risk factors relating to Adept's business, see
Adept's SEC filings, including the Company's annual report on Form 10-K for
the fiscal year ended June 30, 2013, which includes the discussion in sections
entitled Management's Discussion and Analysis of Financial Condition and
Results of Operations and Risk Factors.
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