Adept Technology announces orders for over $600K from Chinese partner

Citation

(2011), "Adept Technology announces orders for over $600K from Chinese partner", Assembly Automation, Vol. 31 No. 4. https://doi.org/10.1108/aa.2011.03331daa.006

Adept Technology announces orders for over $600K from Chinese partner

Article Type: News From: Assembly Automation, Volume 31, Issue 4

Market leader in RFID solutions in China places orders for high-performance linear module systems for turnkey solutions

Adept Technology, Inc., a leading provider of intelligent vision-guided robotics and autonomous mobile solutions, announced that they have received over $600,000 in bookings from Golden Spring Internet of Things, Inc. over the past two quarters which are expected to be fully shipped and recognized as revenue by the end of the third fiscal quarter of 2011. The Beijing-based company, which recently went public in China in early October 2010, placed orders for Adept’s high-performance Python linear modules robots.

Adept’s robots are designed into multiple models of Golden Spring’s fully automated RFID manufacturing equipment, including smart label flip chip bonders, welding machines, high-precision pick-and-place machines and high-throughput implanters/embedders. Golden Spring’s equipment has been widely deployed throughout China for applications such as the major Chinese National ID card and driver license program and for manufacturing tickets for the 2008 Beijing Olympics and the 2010 Shanghai World Expo.

“For over 10 years, Adept has been working together with Golden Spring in their development and installation of over 100 machines using Adept equipment,” said Hai Chang, Managing Director, Asia Operations. “From our perspective, Golden Spring was many years ahead of other Chinese companies in their use of advanced motion control and vision guidance technologies. It is Golden Spring’s hard work, tireless dedication to their customers, and total commitment to innovation and quality that have made them the international market leader that they are today.”

“Adept has been a dependable and loyal supplier and partner for our state-of-the-art RFID equipment for over a decade,” said David Zhang, Chairman and General Manager of Golden Spring. “While there are dozens of robot technology suppliers to choose from, we firmly believe that our choice in using Adept’s advanced products is the right choice for Golden Spring as we continue to expand our installations around the world. Adept has consistently provided us with highly reliable, advanced performance products with excellent value and service.”

According to IDTechEx, the global RFID business has grown about 500 percent in the last ten years, and this pace is expected to continue into the next decade. The overall RFID market is estimated to surpass $6 billion in total revenue in 2010. Item-level tracking using RFID tags in the apparel industry, baggage handling and contactless ticketing and payment applications are the major growth areas, leading to higher demand for turnkey production equipment, raw materials and services from Golden Spring Internet of Things.