Jul 01, 2008 LIVERMORE, Calif.--(BUSINESS WIRE)--July 1, 2008--Adept Technology, Inc. (NASDAQ:ADEP), the leading provider of intelligent vision-guided robotics and global robotics services, today announced its expansion in India for its products and the signing of Menzel Vision and Robotics Pvt. Ltd. of India as an exclusive distributor in western and northern India. India is one of the fastest growing robot markets in Asia where there is a growing demand for high speed, intelligent robotics in many labor-intensive and quality sensitive applications.
Under the terms of the agreement, Menzel Vision and Robotics will be the exclusive distributor in 14 states in western and north India for Adept's complete portfolio of robotics, controls, vision and software products. Menzel Vision and Robotics is a leading imaging solution provider with over 10 years of experience in the business with factory headquarters located in Mumbai, India.
We are very excited to partner with Menzel Vision and Robotics. We believe that their experience and knowledge of their region and our latest products like the Adept Quattro s650 robot for high-speed product handling will be a great coupling to expand this emerging market, said John Dulchinos, president and chief operating officer for Adept Technology, Inc.
We believe that Adept robots and vision guidance will allow our customers to reduce costs and increase productivity, said Anish Soneja, CEO of Menzel Vision and Robotics. We believe that this partnership will benefit multiple industries within India that are looking to improve their manufacturing processes and add great value to Menzel's existing Machine Vision portfolio.
About Menzel Vision and Robotics Pvt. Ltd.
Menzel Vision and Robotics is a leading provider of imaging solutions to the Indian subcontinent. They are the regions' one stop source of world class complete imaging solutions and integration components. With over 12 years in business the company teams with the world's most respected names in the imaging solution business to provide cost effective solutions and superior support to its customers. They also have to their credit a Vision Knowledge Centre which is a fully equipped vision lab and training center established in January 2005, the first of its kind in South Asia. More information can be found on the company's website at http://www.menzelab.com.
About Adept Technology, Inc.
Adept is a global, leading provider of intelligent robotics systems and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and other automated processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaged Goods, Life Sciences, Disk Drive/Electronics and Semiconductor/Solar; as well as to traditional industrial markets including machine tool automation and automotive components. More information is available at http://www.adept.com.
