SiliconBeat

Adept 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 Read the rest of this entry »

A day before it is set to host a visit by the Congressman from its district, Adept Technology filed word today with the SEC that its CEO, John Dulchinos, would be taking a second 20 percent hit to his salary on top of the one he took in January, while its other executives would have their base pay cut 10 percent.

For Dulchinos, that means annual pay at a rate of Read the rest of this entry »

Adept Technology, the Livermore maker of manufacturing robotics, is set to go to court Sept. 16 to try and stop its eviction from its headquarter facilities in the Tri-Valley Technology Center on Triad Drive, according to one of its SEC filings Wednesda. It’s landlord, who gave the company notice back in April that it wished to terminate its lease, and saying that the company owed it a $1 million “termination fee.” The July deadline came and went with Adept still occupying the space. A second termination notice was served giving the company until Aug. 26 to vacacte the premises, which Adept still has not done. Read the rest of this entry »