Looks like they are on pace to match their best years revenues (or just shy) , but with higher margins, lower expenses and sales are beginning to accelerate. This is exactly when one wants to find/invest in an undiscovered growth play, before the masses figure it out. This is easily worth more than $100 million valuation. Its not overinflated like so many other stocks in this bull market.
I wonder if this presentation was created to present to the institutional investors visiting this week
Impressive list of "strong customer relationships" in there as well.
You are correct, i had "3 months" selected for your post history and you only had 2 posts. I apologize
I dont post a bunch of innuendo and misinfo, unlike the shorts bashing this stock. I was challenged and backed it up.
I dont see them countering with any substance, just personal attacks and innuendo
Again, i posted that older news because the merits of the product was being challenged. They contain info on USDA approval, cycle speeds, etc, which is important when it comes to understanding their market advantage/uniqueness
The contract PR from December is still valid because it takes several months to produce a "fleet" order and we could see the numbers reflected in the upcoming report.
I provided my opinion as to why the stock dropped. Its a short attack imo
Let me guess, you created this new "robotics4" alias just to bash ADEP? Are you working for the short hedge fund as well?
Sorry i mean two weeks, not "three weeks". Numbers are posted in half month intervals
Overplayed or not, i am using the NUMBERS.
On 5/15 there were 359,505 shares short. 2 weeks later, on 5/30 there were 429,034 short
THEN, on 6/13 (2 weeks later) there were 585,666 short. On a percentile basis that is rapid increase over a very short time. In three weeks it went up by 150,000+, which is 35% increase in only two weeks
When they post the numbers for the 2nd half of June, i bet its much higher and most all of these shares were shorted under $12, which is why they could not let it continue to climb from Thursdays closing high/breakout. They panicked, attacked it and drove it down in a way to scare people out imo. Normal people dont dump so aggressively, they would want the best price for their shares. There was no underlying reason to dump it to new 6 months low, which usually means a stock is a strong buy
I think this is more logical and supported than claiming it is insiders with inside knowledge dumping. There is not a shred of proof to supports that your claim, NONE. That was very freak trading action and i bet it influences some positive news soon, making it a strong buy on this dip.
You are full of #$%$, i have posted like this when its going up and going down. You can click my name and see for yourself. Ive been posting here since last year. The only time i stopped posting was for like a month, after i sold the high teens and waited for it to consolidate. This board was dead anyways over that period
Some were questioning the merits of Adepts robotics, which is why i posted those news releases. You provide nothing of substance in your messages, only personal attacks.
All you do is attack. You seem more concerned with those of us that are positive, than the company
My first buy here was last year just below $6 and i traded it many times until the high teens. Yes, i am down on my recent buys but at this valuation it wont take much to push it back up.
CIROS 2014, China International Robot Show is among one of the most noteworthy event on Robotics, Industry, Technology and Machinery aspects. The Fair and Exhibition is organized annually.
This Fair and Exhibition is considered to be visited by almost 60000 professionals.
I wonder which report the revenue for this "fleet" order will be in? Maybe the upcoming report
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 and traceability.
"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 Technology Delivers New Generation of Autonomous Mobile Robots to Swisslog
30% Increase in Productivity Reported by Hospital Laboratories and Independent Commerical Laboratories
PLEASANTON, Calif., July 25, 2013 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, today announced that it has delivered a new generation of RoboCourierTM to Swisslog Healthcare Solutions (HCS) for use in hospitals, clinical laboratories and pharmacies for the transport of specimens, medications and supplies.
Swisslog's RoboCouriers have been in operation in hospitals and commercial laboratories across North America for over three years. Hospitals realize the benefit of using the RoboCourier because it fits well into Lean process and quality improvements such as: reduced time spent walking, improved flow and minimized distractions, thus allowing staff to focus on patient-care tasks. Ultimately, RoboCourier helps hospitals reduce operational costs by increasing efficiency, improving workflow, and maximizing operational capacity.
"The new generation of RoboCourier offers several new features making it an even stronger fit for the industry," states Sandy Agnos, Swisslog's Autonomous Mobile Robot (AMR) Product Manager. "It is available both in an open multiple-shelf version and in a closed, secure version. Options include door and elevator interface and call buttons, which enable the vehicle to self-navigate from area to area and floor to floor. Because it is built upon Adept's new LynxTM platform, battery life has a 3X improvement and navigation has been optimized to meet increasingly demanding requirements of the environment."
Asia has been a rapidly growing market for ADEP. It has "achieved in excess of 150 parts per minute" for this manufacturers use...
Adept Technology Receives $1.1 Million Order From Major China Civil Explosive Technology and Equipment Turn Key Service Provider
Shenzhen King Explorer Science & Technology Co., Ltd. to Build Fully Automated Packaging Lines for Emulsion Explosives Using High Speed Adept Quattro Parallel Robots
PLEASANTON, Calif., Feb. 28, 2013 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, today announced that Shenzhen King Explorer Science & Technology Co., Ltd., the largest China Civil Explosive Turn Key Service Provider, plans to upgrade more than 100 customer emulsion explosive lines they have built worldwide with fully automated packaging lines by using multiple Adept Quattro s650 parallel robots in the next three years. Each line requires either two or four Quattro s650 parallel robots depending on its throughput. The $1.1M order is expected to be fulfilled over the course of the 2013 calendar year.
"By utilizing Adept Quattro robots and vision-guided conveyor tracking the company's automated packaging lines will improve traceability of explosive material by using sensors at each step in the process," said Rob Cain, president and CEO of Adept Technology. "With this type of system the Adept Quattro robots can track the number of units in each package virtually guaranteeing traceability and removing the potential for human operator error."
"Adept's industrial automation experience in high speed packaging was a key factor in our decision in choosing Adept as our partner for this project," said Gang Ming, CEO of Shenzhen King Explorer Science & Technology Co., Ltd. "We believe with the speed and strength of the Adept Quattro robots we will be able to increase our customers' productivity and greatly limit human exposure to potentially dangerous tasks."
Adept Ships First Units of High Speed Adept Quattro s650HS Robots Bound for Primary Food Handling Systems
PLEASANTON, Calif., Mar 30, 2010 (GlobeNewswire via COMTEX News Network) -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent vision-guided robotics and global robotics services, today announced it has shipped the first of its USDA-accepted robots. The Adept Quattro s650HS is the industry's only USDA-accepted parallel robot available for meat and poultry processing. The robot systems are currently bound for multiple primary food handling applications requiring high speed hygienic handling.
"This shipment is significant as the world's fastest robot meeting the strictest cleanliness and hygienic standards gives food processors and packagers a powerful competitive advantage," said Rush LaSelle, director of global sales and marketing for Adept Technology, Inc. "The robot's speed, precision and USDA acceptance make it the perfect choice for food handling applications."
The Quattro robot is specifically designed for high-speed manufacturing, packaging, material handling, and assembly applications. The design of the Quattro differs from conventional parallel robots in that it features a four-arm kinematic. This unique design enables higher speeds, faster accelerations, and exceptional performance across the entire work envelope. Powerful compact controls and embedded amplifiers make installation easy while reducing workspace requirements. The Quattro is now also available with a new fixed platform option for more flexibility with higher payload products. The flexibility of the Quattro robot's design combined with the USDA acceptance makes it the ideal robot choice for high speed primary food handling.
The Quattro is also the only USDA approved robot of is its type for meat and poultry, which is where i see mega growth coming, due to the new Government regulations taking effect.
Modernization Act Boon for Robot Food Handlers
Unexpected outcome of 2011 law spurs future robot-only food industry
By Tom Green
Mega changes afoot for a mega industry
An unforeseen consequence—collateral damage, if you will—of the Food Modernization Act of 2011 (officially, the Food Safety Modernization Act (FSMA), Public Law 353), has created and is continuing to foster a mega opportunity for the overhaul of all food production in the U.S.—by robots!
Since we all have to eat—frequently, it goes without saying that the food industry in the U.S. must be one of staggering proportions, and it most surely is. According to Plunkett Research, U.S. consumers spend approximately $1.8T annually on food, or nearly 10 percent of the Nation’s Gross Domestic Product (GDP). Additionally, 16.5M people are employed in the food industry.
According to Glenn Hewson, Adept Technology’s senior vp of marketing, the impact of the law is moving steadily across the entire food industry. He told reporters at the recent Pack Expo that food producers have to meet the Food Modernization Act’s safety sanitation requirements, or else.
Standards previously applicable only to USDA (U.S. Department of Agriculture) for meat, poultry and dairy, have now been extended into every aspect of food production. “If I’m picking apples,” he said, “I’m under the same microscope as meat, poultry and dairy.”
Look up the Quattro on Youtube, there are many videos of it being used for different types of products, even feathers
The manipulation is blatant. There is no reason for this to be down 12% today after closing at the highs on Thursday with above average buy volume.
Its obvious that the shorts got nervous that it was going to start moving up and attacked it, which caused the weak buyers from last week to start bailing.
Adept Technology, Inc. (NASDAQ:ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, today announced that the United States Patent and Trademark Office (USPTO) has awarded the company three patents on its innovative Smart Camera systems. U.S. Patents Nos. 6,958,780, 6,988,008 and 7,174,224, each titled "Smart Camera," detail systems and methods for machine control systems employing digital cameras.
The Adept patents cover the application of new Smart Cameras with robotics or motion mechanisms where the image processing is done within the camera versus traditional PC-based systems. This lowers the cost of vision adoption in assembly and material handling manufacturing applications. The granting of these patents means that Adept now owns more than a dozen patents covering the core technology for vision-guided robotics systems.