Adept Technology, Inc. , a leading provider of intelligent robots and autonomous mobile solutions, today announced that it has signed a Memorandum of Understanding (MOU) with a South Korean multinational manufacturer on the Fortune Global 500 list.

Adept Technology, Inc., a leading provider of intelligent robots and autonomous mobile solutions, today announced that it has signed a Memorandum of Understanding (MOU) with a South Korean multinational manufacturer on the Fortune Global 500 list. The MOU states that Adept Technology and its exclusive dealer in South Korea, Han Shin Power Tech Co. Ltd., are the South Korean manufacturer's strategic and preferred global suppliers for delta/parallel link and SCARA type robot products, vision-guided robot controls, and automated guided vehicles (AGV) and controls.

The objective of the MOU is to promote mutual benefit through strong cooperation for improving and advancing the productivity and efficiencies of the South Korean manufacturer's operations through the deployment of advanced robotics and automation technologies and solutions.

"This MOU is a formalized agreement that illustrates this customer's confidence in Adept to supply superior robotic solutions to maximize precision, speed, quality and productivity in their manufacturing plants around the world," said John Boutsikaris, senior vice president of sales and marketing at Adept. "Being a preferred supplier to this South Korean manufacturer means that Adept will benefit from an expedited procurement process whenever the company needs new robots from us. It gives us an edge in winning more of their business."

"We're very pleased to have signed this collaboration agreement with our highly esteemed customer and Adept Technology," said Eric Jin, CEO and president of Han Shin Power Tech. "With Adept's extensive line of advanced industrial robots and intelligent automated guided vehicles, together with their expertise in adapting these automation solutions for a variety of product manufacturing applications, our customer is confident that this relationship will accelerate and ease the deployment of robots and AGVs in their factories around the world."

Adept has shipped four Cobra SCARA robots and six Viper 6-axis robots to the South Korean manufacturer to date. Another 13 Viper robots are expected to be shipped by the end of March 2012.

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 packaging, medical, disk drive/electronics and solar as well as to traditional industrial markets including machine tool automation and automotive components. The company's common stock trades on The NASDAQ Global Market under the symbol: ADEP.