Adept touts new $2.5 million order as one sign of start of “steady recovery”

adept-logoAdept Technology, the Pleasanton supplier of robotics-based manufacturing equipment, said Tuesday it had received a $2.5 million order for vision-guided robots from “a leading international consumer electronics manufacturer” as part of a “major capacity expansion program,” according to a filing Tuesday with the SEC.

Adept expects the order to be fulfilled and booked as revenue during its fiscal 2010 first quarter, which ends Sept. 30.

“With the significant impact of the global downturn on the semiconductor and electronics industries and Asian manufacturing output, we are cautiously optimistic that this recent business and other positive signs in the sector point towards the start of a steady recovery,” said Hai Chang, managing director of Adept’s Asia operations in a statement. “We are greatly pleased to have this opportunity to continue to serve and support this important global customer and their manufacturing operations”

 

Tags: , ,

 

Share this Post



 
 
 
 
 
css.php