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4-Traders Homepage  >  Equities  >  Nasdaq  >  Adept Technology Inc    ADEP

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Adept Technology, Inc. : Photo Release -- Adept Technology Appoints Robert Malley as Vice President of Global Operations

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03/08/2012 | 06:50pm CEST


Photo Release -- Adept Technology Appoints Robert Malley as Vice President of Global Operations

PLEASANTON, Calif., March 8, 2012 (GLOBE NEWSWIRE) -- Adept Technology (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions, announces the appointment of Robert J. Malley, Jr. as vice president of global operations. Mr. Malley is responsible for planning and managing all aspect of Adept's worldwide operations in support of the company's strategic objectives to deliver intelligent vision-guided robotics systems and services that enable customers to achieve precision, quality and productivity in their assembly, handling and packaging processes.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11961



"With his extensive experience leading international operations and establishing global supply chains for technology-driven companies, Bob Malley is ideally suited to take this leadership role at Adept," said John Dulchinos, president and CEO of Adept Technology. "Based on his demonstrated experience in leading operations to improve customer satisfaction, efficiency, and profitability, we are confident that he will make a strong contribution to Adept and deliver significant value to our customers."

Bob brings 20 years of operations leadership experience with technology companies to his position at Adept. Most recently, he was chief operating officer for MDC Vacuum Products, a leading vacuum components supplier. Previously, he was vice president of global materials and manufacturing at Intevac, a leading supplier of hard disk drive capital equipment. Prior to his time at Intevac, he served in a number of executive and management operations roles during his 13 years at Applied Materials. He holds a master of science degree in mechanical engineering from Stanford University and a bachelor of science degree from the United States Military Academy at West Point.

"This is a fantastic time to join Adept. Their technology leadership, along with their track record of success in established markets and momentum in developing markets, position the company very well for growth in the expanding field of robotics," said Bob Malley. "I'm very excited to help enable Adept's future growth and success."

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 packaging, medical, disk drive/electronics and solar as well as to traditional industrial markets including machine tool automation and automotive components. The company's common stock trades on The NASDAQ Global Market under the symbol: ADEP.http://www.adept.com.

The Adept Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5387

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

CONTACT: Press and Industry Analysts:

         Lauren Bucher, Marketing

         Adept Technology, Inc.

         10 Columbia Drive

         Amherst NH 03031

         Tel: 603 881 7960 ext. 126

         Fax: 603 881 3818

         Email: lauren.bucher@adept.com

         www.adept.com

         Financial Analysts:

         Lisa Cummins, Chief Financial Officer

         Adept Technology, Inc.

         5960 Inglewood Drive

         Pleasanton, CA 94588

         Tel: 925 245 3413

         Fax: 925 245 3510

         Email: investor.relations@adept.com

         www.adept.com
Source: Adept Technology, Inc.

News Provided by Acquire Media

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Financials ($)
Sales 2016 60,1 M
EBIT 2016 -3,40 M
Net income 2016 -3,38 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 975,94
Capi. / Sales 2016 3,15x
Capi. / Sales 2017 2,72x
Capitalization 190 M
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Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 12,6 $
Spread / Average Target -2,7%
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Managers
NameTitle
Robert Cain President, Chief Executive Officer & Director
Seth S. Halio CFO, Secretary & Principal Accounting Officer
Deron Jackson Director & Chief Technology Officer
Nigel Blakeway Director
Naoya Ochi Director
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