Adept's SILMA Division and Ford Complete First Phase of Agreement
16 February 1999
Adept Technology's SILMA Division and Ford Motor Company Complete First Phase of $15M Agreement
SAN JOSE, Calif.--Feb. 16, 1999--
Orders Worth $2.5M Introduce SILMA's CimStation Inspection
Into Ford Manufacturing Worldwide
SILMA, a division of Adept Technology, Inc. , today announced that Ford Motor Company's Vehicle Operations Group, based in Dearborn, MI, has placed cumulative orders with Adept worth approximately $2.5 million for CimStation Inspection licenses and engineering services.
The orders complete the first phase of their $15 million multi-year agreement, previously announced in August, to incorporate CimStation Inspection into Ford manufacturing worldwide. The initial order has already been successfully implemented in more than ten separate domestic and international manufacturing sites. Recently received orders will provide additional seats of CimStation Inspection to Ford's worldwide manufacturing facilities as part of their on-going automation programs.
"Ford's selection of CimStation Inspection was the result of extensive review and testing of all the available solutions," said Charlie Duncheon, senior vice president of sales and marketing for Adept Technology. "It will allow Ford to utilize concurrent engineering practices to increase productivity and decrease costly production downtime."
"Ford and SILMA have successfully deployed CimStation Inspection at more than ten facilities worldwide, including sites in the United States, Europe, and Mexico," said Bob Kidd, CMM/DATA management engineer at Ford Motor Company, Global Dimensional Control Department. "The software is currently assisting in the launch of several new vehicle programs. We look forward to continuing our synergistic team approach in achieving our goals in quality, cost, and speed."
SILMA's CimStation Inspection software will be a part of Ford's ongoing design engineering automation programs to reduce new product development and introduction cycles. It will be used to simulate and off-line program Ford's Coordinate Measuring Machines (CMMs) directly from 3D CAD models. The Software uses 3D simulation and virtual manufacturing technology to achieve error-free CMM off-line programming in a production environment up to 10 times faster than traditional CMM programming methods.
Ford Motor Company is the world's largest automaker. Its automotive brands include Aston Martin, Ford, Jaguar, Lincoln, Mazda and Mercury. Its automotive-related services include Ford Credit, Quality Care, Hertz and Visteon Automotive Systems.
The SILMA division of Adept Technology, Inc., headquartered in San Jose, California, designs software products to help manufacturers improve their competitive edge by shortening design to manufacturing cycles, increasing productivity and reducing costs. SILMA product and service information is available at its worldwide web site http://www.silma.com. Adept Technology, Inc., founded in 1983, is America's largest manufacturer of industrial robots. Adept product and service information is available at its worldwide web site http://www.adept.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. In particular, the Company's estimates of future purchases of Adept's products and services by Ford Motor Company are based on information available to the Company as of the date of this press release. Other than the number of software seats that Ford has presently agreed to purchase, Ford is not committed to make any additional purchases in the future, and there can be no assurances that any additional purchases will be made or that, if made, that Ford will purchase any particular amount of software or services in any particular period. In addition, the Company's quarterly and annual results of operations are subject to a number of uncertainties, including among others, the cyclicality of capital spending by the Company's customers as well as economic conditions in the markets in which the Company and its customers operate.
For a further discussion of factors affecting future operating results relating to the company's business, see the company's Form 10-Q for the quarter ended December 26, 1998, and the company's annual report on Form 10-K for the fiscal year ended June 30, 1998 including the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations filed as an exhibit thereto, filed on September 28, 1998.
SILMA, the SILMA logo, Adept and the Adept logo are registered trademarks of Adept Technology, Inc. CimStation Inspection is a trademark of Adept Technology, Inc. All other trademarks are owned by their respective companies.