BNET Industries
Market Cap:$22.8M
Last Fiscal Year Sales:$60.7M
- Public
- US
Dow Jones Description
This company knows that machines are more than adept at taking over from humans. Founded in 1983 and headquartered in Livermore, CA, Adept Technology, Inc. (NADAQ-GM: ADEP) is a producer of automation products and services. It offers intelligent automation hardware that assembles, handles and packages products manufactured by the pharmaceutical, food processing and automotive industries. It also offers the V+ programming language used to control robots from personal computers. It had revenue of about $50.5 million in 2005 and employs about 175 people. In March 2006, it released the Adept Viper s1300, the largest addition to the Adept Viper 6-Axis articulated robot family.
Chairman & CEO
Robert BucherNumber of Employees 158
Peer Companies
NAICS Code Other Commercial and Service Industry Machinery Manufacturing: 333319
Recent Events
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Adept Technology Reports First Quarter Fiscal Year 2010 Results
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Adept Technology Announces Adept Quattro Robot Breaks 300 Cycle Per Minute Barrier
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Adept Technology to Announce Fiscal 2010 First Quarter Financial Results
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Adept Technology Unveils New USDA Accepted Robot For High Speed Food Handling At Pack Expo...
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Adept Technology Selected by Leading Laser Converting Technology Provider as Robotics Partner
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ADEP: CEO Discusses Q4/FY09 Results and Improving Economic Conditions
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Adept Technology Selected by Major Taiwan Solar Cell Manufacturer as Robotics Partner
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Adept Technology Selected by Major Taiwan Solar Cell Manufacturer as Robotics Partner
News & Analysis
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adept technology inc. - All News and Analysis
Adept Technology Inc. F1Q10 (Qtr End 09/26/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. The first question comes from the line of John Nelson. Please go ahead. John Nelson - State of Wisconsin Investment Good job on the quarter and a wonderful job on controlling expenses. My question was related to the vision robots, the big order that...
Adept Technology, Inc. F4Q09 (Qtr End 06/30/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from John Nelson – State of Wisconsin Investment. John Nelson – State of Wisconsin Investment Board I was wondering if you could us some additional information on what kind of drivers spark the use of your particular robotic equipment versus...
Adept Technology, Inc. F4Q09 (Qtr End 06/30/09) Earnings Call Transcript
Adept Technology, Inc. ADEP F4Q09 Earnings Call Transcript September 2, 2009 5:00 pm ET
Adept Technology, Inc. F3Q09 (Qtr End 03/28/09) Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, ma’am. Operator instructions And our first question comes from the line of John Nelson with State of Wisconsin Investment. Please go ahead. John Nelson – State of Wisconsin Investment Hi. I’d like to see if you can comment at all on the competitive landscape and...
Adept Technology, Inc., F2Q09 (Qtr End 12/27/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. Our first question comes from the line of John Nelson with the State of Wisconsin Investments. John Nelson – State of Wisconsin Investments Could you provide some comments on what’s going on with your competition and why you feel at least in the...
Adept Technology, Inc. F4Q08 (Qtr End 06/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question is from John Groover – Groover and McBaine Capital Management. John Groover – Groover and McBaine Capital Management I’m confused on the revenue guidance for the new year. The solar opportunity is huge this year even if I take...
Adept Technology: The Wall Street Analyst Forum Presentation Transcript
Question-and-Answer SessionUnidentified Audience Member Question Inaudible John Dulchinos Yeah. Unidentified Audience Member Question Inaudible John Dulchinos Okay. Yeah. So there are two questions. One is that given how -- I'm going to paraphrase for you. But given how immature the solar market is, is it going to be difficult...
I, foodbot: declining costs, faster speeds and advances in vision-guided systems are helping food and dairy plants justify the cost of robotics
With the Star Wars generation swelling the ranks of plant engineers and automation specialists, it should be no surprise that robotic systems are making the transition from food production wish list to commercial application. While food and beverage applications represent a small part of industrial robotics, suppliers acknowledge they...
I, foodbot: declining costs, faster speeds and advances in vision-guided systems are helping plant engineers justify the cost of robotics.(Tech Update)
WITH THE STAR WARS GENERATION SWELLING THE ranks of plant engineers and automation specialists, it should be no surprise that robotic systems are making the transition from food production wish list to commercial application. While food and beverage applications represent a small part of...
Adept Technology Inc.(People)
Adept Technology Inc. has reorganized its management team. The restructuring process began with Adept's recently announced $10 million financing and the appointment of Robert Bucher as Adept's new chairman and CEO. In addition, Brian Carlisle, president, and Bruce Shimano, vice president of research and development and...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Robert Strickland | CFO & Vice President, Finance |
| Barry Dale | Vice President, Worldwide Sales |
| Gordon Deans | Vice President & General Manager |
| Janine Roth | Vice President, Marketing & Corp Development |
| Joachim Melis | Vice President, Europe |
| John Dulchinos | Vice President, Robotics |
| Lee Blake | Vice President, Operations |
| Matthew T. Murphy | Vice President, Operations & Prod Development |
| Dave Rocki | Director, Hardware Engineering |
| Laurie Hicki | Director, HR |
| Paul James | Director, Software Engineering |
| Val Cureton | Manager, Marketing Communications |
| Richard Juelis | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Robert Bucher | Chairman & CEO |
| A. Richard Juelis | Board of Directors |
| Cary R. Mock | Board of Directors |
| Michael Kelly | Board of Directors |
| Robert J. Majteles | Board of Directors |
| Ron E.F. Codd | Board of Directors |
Rob Bucher has served as a director of Adept since September 3, 2008, resigning from his position as chief executive officer of Adept which he had been appointed in November 2003. Until January 2006, Mr. Bucher also served as chairman of the board of directors. Prior to joining Adept, Mr. Bucher was a consultant specializing in strategic counsel regarding management and financial investments to pre-IPO technology product and service organizations. From 1998 to 2001, Mr. Bucher served as president and CEO of Norsat International Inc., a Canadian company that evolved under his leadership from a manufacturer and distributor of satellite components to a digital media infrastructure solution provider. Prior to Norsat, Mr. Bucher held several executive positions including executive vice president of worldwide operations at Measurex Corporation/Honeywell, an optimization, automation and solution system provider to the process industries. Mr. Bucher holds a number of patents in software, systems and control automation and has a Bachelor of Science degree in engineering from the University of Guelph, Canada.
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Chairman & CEO | Current |
| Cerebellum Automation | Board of Directors | Current |
| Adept Corporation | chief executive officer | Former |
| Adept Technology, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | CFO & Vice President, Finance | Current |
| Adept Technology, Inc. | Board of Directors | Current |
| Trend Technologies LLC | chief financial officer | Former |
| Portola Packaging Inc. | chief financial officer | Former |
| Trend Technologies LLC | executive vice president | Former |
| Portola Packaging Inc. | vice president | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Vice President, Worldwide Sales | Current |
| Adept Corporation | vice president of worldwide sales | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Vice President & General Manager | Current |
| Cerebellum Automation | Vice President, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Vice President, Marketing & Corp Development | Current |
| Adept Corporation | Former | |
| AT&T Inc. | Former |
Joachim Melis was appointed vice president, Europe in August 2004 and in June 2007 was promoted to vice president, worldwide sales. He joined Adept in October 1990 as an applications engineer in the company's German office and served as applications supervisor and then manager of European customer service from 1992 to 1998. In 1998 Mr. Melis became managing director of the RDA Services Division. He was appointed managing director for sales and service in Germany in 2000 and added responsibility for sales and service in France in 2002. Mr. Melis holds a Dipl.-Ing. degree in electronics.
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Vice President, Europe | Current |
| Cerebellum Automation | Vice President, Worldwide Sales | Current |
| Adept Corporation | manager | Former |
John Dulchinos joined Adept in October 1987 as a regional sales engineer, and has held various roles within the organization, including director of OEM business, vice president of North American sales, vice president of worldwide sales, vice president of robotics, and vice president of global sales and marketing. In June 2007 he was promoted to president and chief operating officer. Mr. Dulchinos is an active member of the robotics industry, serving on the Assembly Technology Expo advisory board from 2003 to 2005 and on the board of directors of the Robotics Industry Association from 2003 to 2004. Mr. Dulchinos holds both bachelors and masters degrees in mechanical engineering with a concentration in robotics.
| Organization | Position | Status |
|---|---|---|
| Cerebellum Automation | President and Chief Operating Officer | Current |
| Adept Technology, Inc. | Vice President, Robotics | Current |
| Adept Corporation | vice president | Former |
| Adept Corporation | Director | Former |
| Resilien Incorporated | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Vice President, Operations | Current |
| Leeblake.Com | Current | |
| Adept Corporation | vice president, service operations | Former |
| Telecom Enterprises Inc. | Co-Founder | Former |
| Newport Corporation | Former | |
| Ohio University | Bachelor of Science Degree In Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Vice President, Operations & Prod Development | Current |
| Adept Corporation | vice president of engineering | Former |
Dave Pap Rocki was appointed vice president, worldwide operations on September 3, 2008. Since July 2006 he held the position of chief technical officer. He joined Adept in February 2000 as director of Robotic systems and has also held the position of director of hardware. Previously Mr. Pap Rocki worked in the semiconductor industry from 1988 to 2000 at Novellus and SVG, managing systems and electrical engineering groups responsible for developing control platforms for front-end wafer production equipment. Prior to this, Mr. Pap Rocki was a founding member of Adept in 1983, leaving as the manager of systems in 1988. He has also worked at Unimation, a pioneer in the field of industrial robotics. At Unimation, SVG and Adept, Mr. Pap Rocki has been involved in the development of a number of successful robots including the PUMA, AdeptOne, i/sCobra and silicon wafer handling mechanisms. Mr. Pap Rocki holds a bachelor of science in electrical engineering.
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Director, Hardware Engineering | Current |
| Adept Technology, Inc. | Director, Hardware Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Director, HR | Current |
| Adept Technology, Inc. | Director, HR | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Director, Software Engineering | Current |
| Adept Technology, Inc. | Director, Software Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Manager, Marketing Communications | Current |
| Organization | Position | Status |
|---|---|---|
| World Heart Corporation | Vice President, Finance and Chief Financial Officer | Current |
| Crosslink Capital | Vice President, Finance | Current |
| Adept Technology, Inc. | Board of Directors | Current |
| Crosslink Capital | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Adept Technology, Inc. | Board of Directors | Current |
| Westinghouse Electric Company LLC | Director | Former |
Michael P. Kelly has served as a director of Adept since April 1997 and as lead independent director of the board of directors since October 2003. On January 26, 2006, Mr. Kelly was elected chairman of the board of directors. Mr. Kelly also serves as the CEO of Kinsale Associates, LLD, a Silicon Valley merchant banking firm. Prior to 2005,...
| Organization | Position | Status |
|---|---|---|
| LLD, Inc. | CEO | Current |
| Crosslink Capital | Independent Director | Current |
| Crosslink Capital | Chairman of the Board of Directors, Adept Technology | Current |
| Cerebellum Automation | Chairman of the Board of Directors, Adept Technology | Current |
| Epicor Software Corporation | Board of Directors | Current |
| Adept Corporation | Board of Directors | Current |
| Adept Technology, Inc. | Board of Directors | Current |
| Broadview International LLC | Senior Managing Director | Former |
| Touche Ross & Co. | Partner | Former |
| Granger Associates, Inc. | Former | |
| Jefferies LLC | Former | |
| Broadview International LLC | Vice-Chairman | Former |
| Crosslink Capital | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| The Read-Out Instrumentation Signpost | Board of Directors | Current |
| Bionovo, Inc. | Board of Directors | Current |
| Adept Technology, Inc. | Director | Current |
| Cerebellum Automation | Board of Directors | Current |
| Vivus, Inc. | chief financial officer | Former |
| XOMA Corporation | Chief Financial Officer | Former |
| World Heart Corporation | Chief Financial Officer | Former |
| World Heart Corporation | Vice President, Finance | Former |
| Columbia University | MBA | Former |
| Fordham University | BS in Chemistry | Former |
Rob is an experienced chief executive officer of private and public companies and an accomplished technology investor. He was the CEO of CAMAX Systems (acquired by Electronic Data Systems, NYSE: EDS), Ultradata (acquired by John Harland, NYSE: JH), and Citadon. He is the managing partner and founder of Treehouse Capital, an investment firm that blends value and growth investment disciplines to make active investments in later-stage technology companies. Prior to Rob's experience as an investor, he was a merchant banker with Investment Advisors, Inc., where he worked with many of the Coral Team members, and an attorney with Skadden, Arps, Slate, Meagher & Flom.
| Organization | Position | Status |
|---|---|---|
| Coral Capital Management | Managing Director | Current |
| Treehouse Capital LLC | Founder | Current |
| Treehouse Capital LLC | Managing Partner | Current |
| University of California, Berkeley | Lecturer | Current |
| University of California, Berkeley, School of Law - Boalt Hall | Lecturer | Current |
| Macrovision Corporation | Chair | Current |
| U.S. Auto Parts Network, Inc. | Chairman of the Board | Current |
| World Heart Corporation | Chair | Current |
| Pioneer Digital Technologies, Inc | Board Member | Current |
| Unify Corporation | Board of Directors | Current |
| Razorgator, Inc. | Board of Directors | Current |
| Cerebellum Automation | Board of Directors | Current |
| Merriman Curhan Ford & Co. | Director | Current |
| Crosslink Capital | Board of Directors | Current |
| Jeh Design | Board of Directors | Current |
| Adept Technology, Inc. | Board of Directors | Current |
| Macrovision Corporation | Board of Directors | Current |
| World Heart Corporation | Board of Directors | Current |
| Managing Rights Management | Board Member | Current |
| Big Fix, Inc. | Board of Directors | Current |
| Treehouse Capital LLC | Managing Member | Current |
| Treehouse Capital LLC | Chief Executive Officer | Former |
| Electronic Data Systems Corporation | CEO | Former |
| Citadon, Inc. | CEO | Former |
| Coral Capital Management | Affiliate Director | Former |
| Skadden, Arps, Slate, Meagher & Flom LLP | attorney | Former |
| The Technology Company, Inc. | Former | |
| Head-Royce | Treasurer, Finance Committee Chair | Former |
| Vertical Communications, Inc. | Board of Directors | Former |
| Stanford University | J.D. | Former |
| Stanford Law School | J.D. | Former |
| Stanford University | Law Degree | Former |
| Columbia University | B.A. Degree In Political Science | Former |
| Stanford University | B.A. | Former |
| Stanford University | Degree | Former |
Mr. Codd is Calypso's lead independent director. As the Board's financial expert, Mr. Codd chairs the Audit Committee. Mr. Codd previously served at PeopleSoft, Inc. as CFO, Senior Vice President of Finance and Administration, and Secretary. During his 7-year tenure at PeopleSoft, he marshaled PeopleSoft's successful Initial Public Offering in 1992 and the company grew its annual revenues from $15 million to $1.5 billion. More recently, Mr. Codd was President, CEO and Secretary at spin-out software firm Momentum Business Applications, Inc. which was later repurchased by PeopleSoft. Mr. Codd previously held management roles at MIPS Computer Systems, Inc., Wyse Technology and Tandem Computers, Inc. and currently serves as an independent business consultant. Mr. Codd also serves on the Board of Directors of Agile Software, Interwoven, Adept Technology, and two privately-held technology companies.
| Organization | Position | Status |
|---|---|---|
| Calypso | Lead Independent Director | Current |
| Calypso Technology, Inc. | Lead Independent Director | Current |
| MIPS Technologies, Inc. | Current | |
| Tandem Computers | Current | |
| Wyse Technology Inc. | Current | |
| Agile Software Corporation | Board of Directors | Current |
| Adept Technology, Inc. | Board of Directors | Current |
| Calypso Technology, Inc. | Board of Directors | Current |
| Mediabin Inc | Board Member | Current |
| Demandtec, Inc. | Board of Directors | Current |
| PeopleSoft, Inc. | Chief Financial Officer | Former |
| PeopleSoft, Inc. | Senior Vice President, Finance and Administration | Former |
| PeopleSoft, Inc. | Secretary | Former |
| University of California, Berkeley | B.S. In Business | Former |
Executive News
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ADEP: CEO Discusses Q4/FY09 Results and Improving Economic Conditions
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ADEP: CEO Discusses Q4/FY09 Results and Improving Economic Conditions
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Adept Technology, Inc. F4Q09 (Qtr End 06/30/09) Earnings Call Transcript
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Adept Technology Reports Fourth Quarter and Fiscal Year 2009 Results
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Adept Technology Reports Fourth Quarter and Fiscal Year 2009 Results
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Sustainable Energy Technologies Names Robert Bucher President And CEO - Quick Facts
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Sustainable Energy Appoints Robert H. Bucher as President and CEO Industry Veteran to Drive Innovation and Expansion for Solar Power Leader
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Sustainable Energy Appoints Robert H. Bucher as President and CEO
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Adept Technology to Announce Fiscal 2009 Fourth Quarter and Year-End Financial Results
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Adept Technology Selected by Major Taiwan Solar Cell Manufacturer as Robotics Partner
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Adept Technology Expands Distribution Channel in Japan
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