Wall Street Transcript Interview with Glenn Hewson, the Senior Vice President of Global Marketing of Adept Technology, Inc. (ADEP)

Wall Street Transcript

67 WALL STREET, New York - October 14, 2013 - The Wall Street Transcript has just published its Electronic Components Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Mobile Device Consumer Demand - Mobile Trends in Emerging Markets - Smartphone Operating Systems - Outsourcing and Offshoring Trends - Electronics Manufacturing Supply Chain - Automotive, Data Center and Mobile Spending

Companies include: Adept Technology Inc. (ADEP) and many more.

In the following excerpt from the Electronic Components Report, the Senior Vice President of Global Marketing of Adept Technology, Inc. (ADEP) discusses company strategy and the outlook for this vital industry:

TWST: Where do you see your largest growth opportunities?

Mr. Hewson: There are two major areas. Driving one area is manual labor. Specifically, the opportunity is in replacing manual labor for products that are either difficult to assemble or have become difficult to assemble and getting the yields that you need. The second area is in replacing hard automation for products where you need more flexibility. So a hypothetical example of that one would be, if I make a candy bar and that candy bar comes off the line three per second, and I as a marketer might come back and say, my consumers are telling me that they want to eat healthier, so what I would like to do is come up with a 100-calorie candy bar. So what did operations say? Well, operations says, well I told you in the 1930s when we put in the line that the only thing you can do is actually change what's on the wrapper, because I can only tell you I could spit out three six-ounce Snickers per second.

What people want now is much more flexibility in that automation, so that's the other thing that is driving the robotics industry. I have hard automation; I'm looking to change to a more flexible, future-proofing technology that can manage the consumer demands and product obsolescence. On the other hand, I'm shifting out of manual labor depending upon industry, based upon how hard it is to build the product or sanitary conditions and the like.

TWST: What about your technology? Is that something you are constantly upgrading and changing, or is it fairly mature at this point?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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