Q1 FY25 net sales increase 2.2% YoY, the first quarterly YoY increase since Q3 FY23
Richardson Electronics ended Q1 with positive operating cash flow for the second consecutive quarter, $23.0 million in cash and cash equivalents and no debt
Management expects YoY sales growth and higher profitability for FY25
LAFOX, Ill., October 2, 2024 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its first quarter ended August 31, 2024 after the close of business on Wednesday, October 9, 2024. The release will be distributed by GlobeNewswire and will be available on the Company’s website at www.rell.com.
On Thursday, October 10, 2024, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a conference call to discuss the Company’s first quarter fiscal year 2025 results. A question-and-answer session will be included as part of the call’s agenda.
Participant Instructions
Participants may register for the call here. While not required, it is recommended you join 10 minutes prior to the event start. A replay of the call will be available beginning at 1:00 p.m. Central Time on October 11, 2024, for seven days. Registration instructions are also on our website at www.rell.com.
In addition, the webcast link is available here.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. Nearly 50% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Richardson Electronics’ extensive distribution network has enhanced the accessibility of Quantic MWD’s products to a broad range of customers
LaFox, IL – September 24, 2024 – Richardson Electronics, Ltd. (NASDAQ: RELL), a global leader in engineered solutions, today announced a global distribution agreement with Quantic MWD (Microwave Dynamics), a business of Quantic® Electronics and a manufacturer of precision microwave and millimeter wave solutions. This new technology partnership network will enhance the accessibility of Quantic MWD’s products to a broad range of customers. Quantic’s solutions maximize stability and minimize noise under extreme environmental conditions, whether in space, defense, or industrial applications.
“We are excited to include Quantic MWD’s products in our power and microwave technology portfolio,” stated Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions groups. “With over 30 years of experience supporting mission-critical applications, Quantic has established trust in quality and performance that our customers have come to expect from us.”
“We are pleased to collaborate with Richardson Electronics,” said Jigar Shah, Director of Business Development at Quantic MWD. “Our customers can now benefit from Richardson Electronics’ expertise and service, ensuring they receive the best solutions for their unique system requirements.”
This partnership showcases an impressive list of technologies, which include product highlights up to 50 GHz and beyond, such as:
Discover Quantic MWD’s microwave and millimeter wave solutions now available at Richardson Electronics’ Quantic page on Rellpower.com.
Learn more about Richardson Electronics’ RF and Microwave product portfolio at the European Microwave Week (EuMW 2024) in Paris, France, from September 24-26, 2024, at Booth 715B. Visit the EuMW website to register for the show.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at www.rellpower.com.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. More than 60% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Quantic MWD (Microwave Dynamics)
Founded in 1993, Quantic MWD (Microwave Dynamics) designs and manufactures free running and phase-locked oscillators, amplifiers, frequency converters, and frequency multipliers with a focus on the singular characteristic that matters most: performance. Quantic MWD offers a portfolio of best-in-class solutions that maximize stability and minimize noise under extreme environmental conditions, ensuring optimal precision and reliability for mission-critical and industrial defense applications. And as a Quantic company, we’re part of an extended engineering ecosystem and powerful supply chain, defining a competitive advantage that extends to every Quantic MWD customer.
Expanding access to cutting-edge capacitor technologies for next-generation aerospace and defense systems
LaFox, IL – September 17, 2024 – Richardson Electronics, Ltd. (NASDAQ: RELL), a global leader in engineered solutions, today announced a global distribution agreement with Quantic® Electronics (“Quantic”), a portfolio company of Arcline Investment Management. This strategic partnership encompasses Quantic’s premier US-based capacitor businesses: Quantic™ Evans, Quantic™ Eulex, Quantic™ Paktron, and Quantic™ UTC.
This collaboration brings together Richardson’s unparalleled distribution network and Quantic’s state-of-the-art capacitor technologies, significantly expanding access to mission-critical capacitors for defense, aerospace, space, communications, and industrial applications worldwide.
“We are excited about this new partnership with Quantic,” stated Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions groups. “Quantic’s innovative capacitor solutions perfectly complement our existing portfolio, enabling us to offer our customers unmatched performance and reliability. This agreement reinforces our commitment to providing cutting-edge technologies that drive innovation across industries.”
Todd Oelerich, Director of Sales and Business Development at Quantic Evans, added: “Partnering with Richardson Electronics significantly amplifies our global reach, making our advanced capacitor solutions more accessible to designers worldwide. Richardson’s stellar industry reputation, coupled with their technical expertise and customer support, creates an ideal synergy for growth and innovation.”
The partnership showcases an impressive array of capacitor technologies:
Quantic Evans: Revolutionizing Power Density (www.quanticevans.com)
Quantic Evans offers the most power-dense hybrid wet tantalum capacitors in the industry
Quantic Eulex: Redefining High-Frequency Performance (www.quanticeulex.com)
Quantic Eulex’s patented “Eulex Gap Capacitor” represents a breakthrough in high-frequency capacitor design:
Quantic Paktron: Advancing Polymer Film Technology (www.quanticpaktron.com)
Quantic Paktron’s innovative stacked Multilayer Polymer (MLP) film capacitors offer a robust alternative to traditional ceramic capacitors:
Quantic UTC: Setting New Standards in High-Reliability Ceramics (www.quanticutc.com)
Quantic UTC specializes in MIL-STD-790-certified high-reliability multilayer ceramic chip capacitors (MLCCs) for the most demanding applications:
This diverse portfolio empowers designers to push the boundaries of electronic performance across critical sectors, from next-generation defense systems to cutting-edge space exploration and CUAS technologies. Discover Quantic’s game-changing capacitor solutions now available at Richardson Electronics’ Quantic page on Rellpower.com.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at www.rellpower.com.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. More than 60% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Quantic Electronics
Quantic is defining and delivering the future of mission-critical electronics, offering a portfolio of RF & microwave components, capacitors, resistors, magnetics, and sensing products. These reliable, off-the-shelf and purpose-built solutions empower customers to achieve significant advancements in speed, power, and density within their designs. www.quanticnow.com
LaFox, IL, August 26, 2024 – Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, will be exhibiting at the WindEnergy Hamburg Event (Stand # B2.OG.165) on September 24 – 27, in Hamburg, Germany. Richardson Electronics will showcase its line of ultracapacitor pitch energy modules (ULTRAPEM™ and ULTRA3000®) and other product solutions for wind turbine platforms. These solutions will be introduced to the European market and are custom-designed for the following wind turbine technologies*: GE, Nordex, Senvion, Alstom, and Suzlon.
One of the products Richardson Electronics will showcase is the ULTRA3000®, a drop-in replacement for lead-acid batteries used in electric pitch systems within wind turbines. Pitch Energy Modules (PEMs) store and manage the energy required to adjust the blade angles to ensure the effective operation of the wind turbine. The improved life span of the patented ULTRA3000® reduces maintenance requirements and significantly reduces the environmental impact associated with lead-acid batteries.
“For many years, Richardson Electronics has had a strong presence in Europe. We are well positioned to expand into Europe with our latest custom-designed and engineered solution for various wind turbine platforms, as they have already seen great success in North America. This is a very exciting time for Richardson, and we are looking forward to this event,” stated Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions groups.
Richardson Electronics has reached a significant milestone with the shipment and installation of over 55,000 patented ULTRA3000® pitch energy modules (“PEMs”). This achievement marks the largest retrofit of ultracapacitors for pitch energy modules in North America.
Meet the Richardson Electronics team at the WindEnergy Hamburg Event—Stand B2.OG.165 to learn more about the company and its patented solutions for green power management. To register, visit the WindEnergy Hamburg registration page.
*All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of the trademarks is solely for identification purposes and does not imply any affiliation with or endorsement by the trademark holders.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. More than 60% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and adhere to our supplier terms and conditions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Richardson Electronics – Green Energy Solutions
Richardson Electronics Green Energy Solutions combines our key technology partners and engineered solutions capabilities to design and manufacture key products for the fast-growing energy storage market and power management applications. As a designer, manufacturer, technology partner, and authorized distributor, GES’s strategy is to provide specialized technical expertise and engineered solutions using our core design engineering and manufacturing capabilities on a global basis. We provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. GES focuses on products for numerous green energy applications such as wind, solar, hydrogen, and electric vehicles and other power management applications that support green solutions such as synthetic diamond manufacturing. For more information, visit us at https://www.rell.com/greenenergysolutions/.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at rellpower.com | relltubes.com | rellaser.com
First year-over-year reduction in inventory since fiscal 2017, reflecting management’s efforts to improve working capital levels
Fourth quarter gross margin improved 320 basis points year-over-year
Generated $7.2 million in operating cash flow during the fourth quarter, helping the Company end the year with $24.3 million in cash and cash equivalents and no debt
Management expects to return to year-over-year sales growth and higher profitability in fiscal 2025
LAFOX, Ill., July 17, 2024 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter ended June 1, 2024 after the close of business on Wednesday, July 24, 2024. The release will be distributed by GlobeNewswire and will be available on the Company’s website at www.rell.com.
On Thursday, July 25, 2024, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a conference call to discuss the Company’s fourth quarter and fiscal year 2024 results. A question-and-answer session will be included as part of the call’s agenda.
Participant Instructions
Participants may register for the call here. While not required, it is recommended you join 10 minutes prior to the event start. A replay of the call will be available beginning at 1:00 p.m. Central Time on July 25, 2024, for seven days. Registration instructions are also on our website at www.rell.com.
In addition, the webcast link is available here.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. Nearly 55% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
LaFox, IL, June 17, 2024– Richardson Electronics, Ltd. (NASDAQ: RELL), an industry-leading global provider of engineered solutions and RF and Microwave technologies, will be showcasing its latest technology partners at the 2024 IEEE MTT-S International Microwave Symposium, which will be held from June 16-21, 2024 in Washington, DC. The Richardson Electronics’ RF and Microwave team will be onsite in Booth 1308 to discuss their newest lineup of technology partners. These top-tier partners deliver disruptive technologies worldwide for a wide range of applications.
“We have grown our capabilities, along with new technologies, and our team looks forward to exhibiting at IMS each year. This significant industry event is perfect for engaging with our customers, and technology partners, and showcasing our engineered solutions and technology partners’ latest and greatest products,” said Greg Peloquin, Executive Vice President and General Manager of the Power & Microwave Technologies and Green Energy Solutions groups.
IMS 2024 (IEEE MTT-S International Microwave Symposium) is an in-person conference week dedicated to all things microwaves and RF. It will also include the IEEE MTT-S Radio Frequency Integrated Circuits Symposium (RFIC) and the Automatic Radio Frequency Techniques Group (ARFTG). IMS2024 is the world’s largest gathering and industry exhibition for Microwave professionals. The development of RF, microwave, mm-wave, and THz systems continues to expand in several areas with many applications. To register for IMS 2024, please visit: https://ims-ieee.org/registration.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at www.rellpower.com.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. More than 60% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Richardson will be providing their patented Pitch Energy Module technology to Suzlon worldwide.
LaFox, IL, April 30, 2024 – Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, announced a strategic partnership with Suzlon Energy Limited, India’s largest renewable energy solutions provider. Richardson Electronics will develop pitch energy modules for Suzlon’s global fleet of wind turbines, a testament to their engineered solutions expertise and commitment to advancing renewable energy solutions. Suzlon has over 12,000 wind turbines worldwide with over 9,000 in India.
Suzlon is a leading Renewable Energy solutions provider with over ~20.5 GW* of Wind Energy capacity installed across 17 nations. A vertically integrated organization with in-house R&D centers in Germany, the Netherlands, Denmark, and India, Suzlon’s world-class manufacturing facilities are spread across multiple locations in India. Suzlon has a 28-year operational history and nearly 6,300 diverse professionals. As India’s largest Wind Energy service provider, it manages a portfolio of 14.5 GW Wind Energy assets.
Richardson Electronics’ pitch energy modules (patented technology) are drop-in replacements for batteries in pitch systems ranging from 150V to 500V DC and can be installed with no modifications to the battery box. Richardson Electronics’ PEMs work with existing chargers and controllers. These plug-and-play modules are easy to install, increase wind turbine uptime, and reduce labor costs in both time and frequency.
“We are extremely excited about our program with Suzlon. They are an excellent company with an amazing team at all levels. With Richardson Electronics being the world leader in the design and manufacturing of PEMs for the Wind Turbine Market to partner with Suzlon, a world leader in the design and development of wind turbines, it has all the components of a great long-term successful relationship,” stated Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions groups.
Richardson Electronics will showcase its ultracapacitor pitch energy modules and other product solutions for wind turbine platforms at the upcoming events:
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. More than 60% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and adhere to our supplier terms and conditions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Richardson Electronics – Green Energy Solutions
Richardson Electronics Green Energy Solutions combines our key technology partners and engineered solutions capabilities to design and manufacture key products for the fast-growing energy storage market and power management applications. As a designer, manufacturer, technology partner, and authorized distributor, GES’s strategy is to provide specialized technical expertise and engineered solutions using our core design engineering and manufacturing capabilities on a global basis. We provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. GES focuses on products for numerous green energy applications such as wind, solar, hydrogen, and electric vehicles and other power management applications that support green solutions such as synthetic diamond manufacturing. For more information, visit us at https://www.rell.com/greenenergysolutions/.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at rellpower.com | relltubes.com | rellaser.com.
About The Suzlon Group
The Suzlon Group is one of the leading renewable energy solutions providers in the world with ~20.5 GW* of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India; the Group comprises of Suzlon Energy Limited (NSE: SUZLON & BSE: 532667) and its subsidiaries. A vertically integrated organisation, with in-house research and development (R&D) centres in Germany, the Netherlands, Denmark and India, Suzlon’s world-class manufacturing facilities are spread across multiple locations in India. With over 28 years of operational track record, the Group has a diverse workforce of over 6,300 employees. Suzlon is also India’s No. 1 wind energy service company with the largest service portfolio of over 14.5 GW in wind energy assets. The Group has ~6 GW of installed capacity outside India. Suzlon offers a comprehensive product portfolio led by the 2 MW and 3 MW series of wind turbines.
*Global installations of Suzlon manufactured wind turbine generators. Data as on 31st December 2023
Suzlon corporate website: www.suzlon.com
RICHARDSON ELECTRONICS REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND DECLARES QUARTERLY CASH DIVIDEND
Sales increased 18.7% sequentially, reflecting improving business conditions.
Inventory decreased $4.0 million sequentially, reflecting focus on improving working capital levels.
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