Officials of Adept Technology, which sells intelligent vision-guided robotics and global robotics services, announced that they have received over $600,000 in bookings in orders for Adept's high-performance Python linear modules robots from Golden Spring Internet of Things, over the past two quarters which are expected to be fully shipped and recognized as revenue by the end of the third fiscal quarter of 2011.

The Beijing-based company went public in China in early October 2010.

Adept's robots, according to company officials, are "designed into multiple models of Golden Spring's fully automated RFID manufacturing equipment, including smart label flip chip bonders, welding machines, high-precision pick-and-place machines, and high-throughput implanters/embedders."

According to IDTechEx, the global RFID business has grown about 500 percent in the last 10 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.

Golden Spring's equipment has been widely 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.

In June TMC's (News - Alert) Anshu Shrivastava wrote that Adept entered into an agreement to acquire privately held MobileRobots.New Hampshire-based MobileRobots is a provider of autonomous robot and automated guided vehicle (AGV) technologies. The company has provided individual robots to hospitals; fleets of AGVs to factories, automation providers and end-users.

"Adept has been a dependable and loyal supplier and partner for our state-of-the-art RFID equipment for over a decade," said David Zhang, chairman and general manager of Golden Spring. "While there are dozens of robot technology suppliers to choose from, we firmly believe that our choice in using Adept's advanced products is the right choice for Golden Spring as we continue to expand our installations around the world."

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