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Last $12.97 USD
Change Today 0.00 / 0.00%
Volume 186.9K
As of 8:10 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

adept technology inc (ADEP) Snapshot

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52 Week High
09/25/15 - $13.00
52 Week Low
05/21/15 - $5.30
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Current Stock Chart for ADEPT TECHNOLOGY INC (ADEP)

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adept technology inc (ADEP) Details

Adept Technology, Inc. designs, manufactures, and sells industrial and mobile robots for electronics, food, semiconductor, warehouse/logistics, medical, and automotive markets worldwide. It operates through two segments: Robotics and Services and Support. The company offers fixed robots, such as parallel robots, 6-axis robots, selective compliance assembly robot arm (SCARA) robots, and linear modules. It also provides mobile robots, including Adept Lynx, an indoor vehicle with a configurable payload for the transport and handling of goods; Adept Lynx Courier, a mobile transporter; Adept Lynx Transporter-Semi, an indoor vehicle for moving wafer pods; Adept Lynx Handler-Semi for producing a mobile robot; Adept Lynx Conveyor, a Lynx autonomous indoor vehicle; Adept Lynx Cart Transporter for line-side replenishment; and Adept Enterprise Manager, a management system that uses a systems-network approach for the coordination of autonomous indoor vehicles. In addition, it offers Adept SmartController, a robot motion controller; Adept SmartVision, a vision processor; Adept ACE (automation control environment), a PC-based software for configuring, calibrating, and managing equipment in a workcell; ACE PackXpert to deploy automation solutions; AdeptSight for vision guidance and inspection applications; and Adept ePLC Connect server software that offers connectivity with the customer supplied programmable logic controller. Further, the company provides Adept AnyFeeder and Adept FlexiBowl for handling an array of loose small parts, including parts of different shapes and materials, as well as on-site field service, training courses, applications support, field upgrades, and factory repair and remanufactured products. It markets and sells its products through systems integrators, distributors, and original equipment manufacturers, as well as through direct sales force. The company was founded in 1983 and is headquartered in Pleasanton, California.

170 Employees
Last Reported Date: 08/31/15
Founded in 1983

adept technology inc (ADEP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $338.4K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: $154.3K
Chief of Business Development & Strategy Offi...
Total Annual Compensation: $253.3K
Compensation as of Fiscal Year 2014.

adept technology inc (ADEP) Key Developments

Adept Technology, Inc. Introduces Two New Additions to its Viper Family of 6-Axis Articulated Robots

Adept Technology Inc. has introduced two new additions to its Viper family of 6-axis articulated robots -- the Viper 700 and Viper 900. These are the first in a series of new 6-axis robots from Adept that will include additional reach and payload capabilities. The Viper 700 and Viper 900 models offer the versatility of a large working area with the convenience of a streamlined, compact architecture, making them ideal for assembly, material handling and machine tending applications. Adept is debuting the new Viper models this week at the Motek trade show in Stuttgart, Germany. The Viper 700 and Viper 900 offer fast, precise arm movements with a maximum reach of 723 mm and 912 mm, respectively. They accommodate payloads up to 7 kg. Other key features include: A slim robotic arm design that minimizes the space required for work cells; An IP67 rating standard on both models, and corrosion-resistant materials for easy wash down; Powerful controls embedded into an amplifier approximately half the size of competitive robot amplifiers, saving floor space and reducing installation cost and complexity; A hollow wrist that streamlines cabling to the end-of-arm tooling, minimizing risks associated with brushing cables against other objects in the workspace. To enable rapid deployment, Viper 700 and Viper 900 robots are equipped with Adept ACE software, a unique tool offering a friendly point-and-click application development environment to allow offline programming, 3D process emulation, and optional vision guidance and conveyor tracking integration.

Adept Technology Inc. Approves Amendments to Bylaws

On September 15, 2015, Adept Technology Inc.’s board of directors adopted amendments to the company's bylaws. The following is a summary of the principal changes effected by the amendments: The Bylaws were amended to clarify notice requirements related to nominations and other business to be properly brought before an annual meeting of stockholders. The Bylaws were revised to permit advancement of expenses to directors and officers in connection with the defense or settlement of legal proceedings. The Bylaws were revised to include a forum selection clause for internal corporate claims. Other amendments to the Bylaws were adopted which were either corrective in nature or were conforming changes.

Adept Technology, Inc. Adds YS-Thermtech Co., Ltd. as New Distributor

Adept Technology Inc. has added a new distributor in the Republic of Korea, YS-Thermtech Co. Ltd. YST develops and sells industrial furnaces and automated equipment for a broad range of manufacturing sectors, including photovoltaics (PV), advanced materials, metallurgy, and others. With 35 years' experience, YST provides solutions using its core engineering capabilities in thermal, vacuum, and automation technologies. Concurrent with entering the agreement with Adept, YST placed an initial order for 100 units of Adept's Lynx autonomous intelligent vehicle (AIV) products to be operated in fleets and delivered over the next three years.


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Valuation ADEP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.2x
Price/Book 7.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.3x

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