Adept Technology, Inc. (Nasdaq:ADEP), 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. 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. The robots are designed into multiple models of Golden Spring’s 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 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
According to IDTechEx, the global RFID business has grown about 500% 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.
Adept Technology, Inc.
Filed Under: Factory automation, Mechatronics