Adept Technology expands into rapidly growing solar power market

Citation

(2007), "Adept Technology expands into rapidly growing solar power market", Industrial Robot, Vol. 34 No. 4. https://doi.org/10.1108/ir.2007.04934dab.007

Adept Technology expands into rapidly growing solar power market

Adept Technology expands into rapidly growing solar power market

Adept Technology, Inc. has, announced that they have secured new design wins with four solar panel manufacturing companies in the rapidly expanding international solar power market.

During the quarter just ended, Adept delivered over $300,000 in Adept's vision guided robotics to the Solar industry, bringing the installed base, into this sector, to over 75 systems. Solar joins disk drive, medical device and life sciences and high speed packaging as defined strategic vertical markets, all of which require clean room operation combined with fine precision and flexibility.

“The rapid growth in demand for solar power has created a shortage of solar panels, which has given rise to high volume, manufacturing programs. This includes both traditional silicon- based solar panels and alternate technologies, such as thin film solar panels and string ribbon production methods,” said Robert Bucher, Chief Executive Officer of Adept Technology, Inc.

Bucher continued, “To get the required production yields, high volume solar panel processing plants are combining robotics with on-the-fly inspection. This makes an ideal vertical market for Adept's vision integrated motion software incorporated into our line up of precision industrial robotics.”

The solar power market has had consistent 20-25 percent CAGR over the past 20 years according to Solar Buzz LLC, a leading Solar Power Market Research Firm. European, China and US demand for photovoltaic modules will more than triple by 2010, driven by innovations, economies of manufacturing, cost of alternate energy sources and government regulations and subsidies.