Adept Technology Appoints Seth Halio as Chief Financial Officer

Mr. Halio comes to Adept with nearly 30 years of senior financial management experience in public accounting and both public and private venture-backed companies, 12 years of which he was a CFO.

PLEASANTON, Calif., Oct. 1, 2013 -- Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots and autonomous mobile solutions and services, today announced that Mr. Seth Halio has been named as Chief Financial Officer effective October 3, 2013.


Mr. Halio comes to Adept with nearly 30 years of senior financial management experience in public accounting and both public and private venture-backed companies, 12 years of which he was a CFO. In this role at Adept he will be responsible for accelerating the company turnaround from a financial perspective and a key leader managing the company's global finance and IT organizations.

"We are excited to welcome Seth to the Adept team," said Rob Cain, Adept President and CEO. "After a thorough search, few candidates had the experience and track record improving the bottom and top line that Seth does. He is a strong leader with significant industry experience within the markets that we serve and fits into our culture of results and execution well".

"I'm very pleased to be joining the Adept team," said Seth Halio. "Adept has a strong history of product innovation and thought-leadership. I look forward to serving the company as it executes on its growth plan."

Prior to joining Adept, Seth held senior level finance positions including CFO at LED Engin, Inc., Novariant, Inc., Diamond Foods, Inc., and Spectra-Physics, Inc. He received his B.S. degree in Business Administration from Bucknell University in Pennsylvania.

About Adept Technology, Inc.

Adept is a global, leading provider of intelligent robots and autonomous mobile solutions and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing, and logistical processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms with autonomous capabilities, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Medical, Electronics, Food and Semiconductor; as well as to traditional industrial markets including Machine Tool Automation and Automotive Components. More information is available at www.adept.com.

Featured Product

Mouser Offers Advanced, Integrated Circuit Simulation Tool for FREE Download.

Mouser Offers Advanced, Integrated Circuit Simulation Tool for FREE Download.

Powered by NI, MultiSIM BLUE Upgrade includes schematic capture, simulation, PCB layout, BOM-to-cart capabilities using only one tool. No more switching between different programs for circuit design. Perform MCU co-simulation. New voltage, current and power probes as well as faster active analysis mode are also available. Plus, it even comes with an expansive database of new components from industry-leading manufacturers. Discover why EDN named MultiSIM BLUE a HOT 100 Product of the Year.