Adept Technology Announces Public Offering of Common Stock

Adept Technology, Inc. ADEP today announced that it plans to offer shares of its common stock in a public offering registered with the U.S. Securities and Exchange Commission. Adept intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, repayment of debt, capital expenditures, increasing our working capital, and the financing of ongoing operating expenses and overhead. Pending the application of the net proceeds, Adept may invest the proceeds in marketable securities and short-term investments.