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EXHIBIT 99.1
[ADEPT LOGO]
For Immediate Release
CONTACTS:
Maili Bergman Mike Overby
Director of Investor Relations Chief Financial Officer
408.434.5158 (voice) 408.434.5112 (voice)
408.434.5005 (fax) 408.434.5005 (fax)
[email protected] [email protected]
ADEPT TECHNOLOGY ANNOUNCES PROPOSED PUBLIC OFFERING
(SAN JOSE, CA) October 25, 2000--Adept Technology, Inc. (Nasdaq/NMS: ADTK) today
announced a proposed underwritten public offering of 2,134,755 shares of its
common stock. Of these shares, it is anticipated that 2,000,000 of the shares
will be offered by Adept and 134,755 of the shares will be offered by existing
shareholders of Adept. It is anticipated that Adept will grant the underwriters
a 30-day option to purchase up to an additional 320,213 shares of common stock
solely to cover over-allotments, if any. The purpose of the offering is to raise
capital for general corporate purposes.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities. The offering of the shares shall be made only
by means of a prospectus contained in a registration statement filed with and
declared effective by the Securities and Exchange Commission.
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