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by Stephanie Neil, MA Editorial Staff
Posted on Sunday, January 01, 2006 12:30:00 AM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The company has been rebuilding itself over the last two years, divesting its systems integration business, adding a new management team, and refocusing on robotics, motion control, and machine vision. |
Robot and machine vision vendor Adept Technology Inc. was re-listed on NASDAQ on November 15 of last year under the symbol "ADEP." The company has been rebuilding itself over the last two years, divesting its systems integration business, adding a new management team, and refocusing on robotics, motion control, and machine vision. During the restructuring, company revenue dropped dramatically, but recently, full year sales exceeded $50 million for the first time since 2001, officials said. The company delivered over 1,000 multi-access robots and over 2,000 vision controllers in fiscal 2005. Officials say the NASDAQ re-listing signifies a turnaround. "We believe the stability and coverage of the NASDAQ National Market furthers our efforts to deliver growth and enhanced shareholder value," said CEO Robert H. Bucher, in a statement. [Click to continue] |
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