Adept Technology (ADEP) Gets a Robotic Boost
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Shares of Adept Technology Inc. (Nasdaq: ADEP) are seeing a rare up day Monday... and by up we mean UP.
Shares of the robotic packaging solutions company are on fire after a New York Times article highlighted how robots are getting smarter and are taking over. The company was highlighted a couple times in the article:
"And at Earthbound Farms in California, four newly installed robot arms with customized suction cups swiftly place clamshell containers of organic lettuce into shipping boxes. The robots move far faster than the people they replaced. Each robot replaces two to five workers at Earthbound, according to John Dulchinos, an engineer who is the chief executive at Adept Technology, a robot maker based in Pleasanton, Calif., that developed Earthbound’s system."
- and -
"The assembly line here is made up of dozens of glass cages housing robots made by Adept Technology that snake around the factory floor for more than 100 yards. Video cameras atop the cages guide the robot arms almost unerringly to pick up the parts they assemble. The arms bend wires with millimetric accuracy, set toothpick-thin spindles in tiny holes, grab miniature plastic gears and set them in housings, and snap pieces of plastic into place.
Shares of ADEP are up 20.8 percent today to $4.35.
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Shares of the robotic packaging solutions company are on fire after a New York Times article highlighted how robots are getting smarter and are taking over. The company was highlighted a couple times in the article:
"And at Earthbound Farms in California, four newly installed robot arms with customized suction cups swiftly place clamshell containers of organic lettuce into shipping boxes. The robots move far faster than the people they replaced. Each robot replaces two to five workers at Earthbound, according to John Dulchinos, an engineer who is the chief executive at Adept Technology, a robot maker based in Pleasanton, Calif., that developed Earthbound’s system."
- and -
"The assembly line here is made up of dozens of glass cages housing robots made by Adept Technology that snake around the factory floor for more than 100 yards. Video cameras atop the cages guide the robot arms almost unerringly to pick up the parts they assemble. The arms bend wires with millimetric accuracy, set toothpick-thin spindles in tiny holes, grab miniature plastic gears and set them in housings, and snap pieces of plastic into place.
Shares of ADEP are up 20.8 percent today to $4.35.
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