LaFox, IL, April 5, 2017: Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its third quarter ended February 25, 2017. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. Read full press release.
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Richardson Electronics Announces Date of Third Quarter Fiscal 2017 Conference Call
LAFOX, Ill., March 29, 2017 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its third quarter ended February 25, 2017, after the close of business on Wednesday, April 5, 2017. The release will be distributed by NASDAQ GlobeNewswire and will be available on the Company’s website at www.rell.com.
On Thursday, April 6, 2017, at 9:00 a.m. CT, 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 third quarter results for fiscal 2017. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial (888) 419-5570 and enter passcode 94661906 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 12:00 a.m. CT on April 7, 2017, for seven days. The telephone numbers for the replay are (USA) (888) 286-8010 and (International) (617) 801-6888; passcode 69435224.
About Richardson Electronics
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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.
Canvys Announces New True Flat G Series Custom Displays
LaFox, IL – February 20, 2017: Canvys,® a Division of Richardson Electronics, Ltd. (NASDAQ:RELL), expands its product portfolio with the new True Flat G Series. Available in 21.5 inch and 24 inch, the new series features a slim housing design with no (zero) bezel and a flat front surface. These monitors boast a sleek design as well as excellent image quality with full-HD resolution. Features and specifications include:
- 21.5” housing is 56.5 mm thick
- 24” housing is 59.5 mm thick
- Resolution: 1920 x 1080 / Full-HD
- Energy-saving LED backlight panels
- Inputs: VGA, DVI-D, HDMI, DisplayPort
- Approvals: CE, UL, FCC
- True Flat design with AR protection glass and IP54 (without I/Os)
- OSD Touch Keys
- Fanless
- White plastic housing (RAL 9003)
- Options: PCap (Proj. Capacitive Touch), Ambient Light Sensor, High-Brightness Panel
There are many customization possibilities with the G Series including an all-in-one version with an integrated PC. The panel PCs feature state-of-the-art CPU and GPU technology. The computers come with a sixth generation, standard Intel Core i5-6300U processor. The housing does not require ventilation slots and includes a rear metal cooling plate, allowing for more power efficiency.
Healthcare and medical users will benefit from the zero bezel design (easily cleaned and disinfected), abundant ports, medical approvals, and DICOM compliance. The display series complies with IEC medical standardizations: IEC/EN 60601-1 Edition 3.1 (Safety, effective 2018) and IEC/EN 60601-1-2 4th Edition (EMC, effective 2019).
The True Flat G Series is ideal for OEMs. The displays are built using durable quality components, and have long-term availability, scalability, and low power consumption. All products are custom-engineered by Canvys at our facility in Marlborough, MA or Donaueschingen, Germany. We are a full-service integrator/manufacturer that provides OEMs with custom display solutions that meet all their needs and business requirements. Some of our capabilities include:
- Needs assessment, custom engineering and prototyping
- The latest technologies for touch and protective shield integration
- Injection molding, deep drawing, SLA prototyping, and strand-casting
- Various housing designs such as open frame, panel/chassis/rack mount, slim and lightweight to rugged designs
- A wide range of controller solutions with inputs in many combinations
- Single Board Controller and PC integration
- In-depth testing and validation processes applied throughout the product development
- Regulatory approvals
Detailed information on the True Flat G Series is available on the Canvys.com website:
https://www.canvys.com/trueflatg.html
About Canvys – Visual Technology Solutions
Canvys, a Division of Richardson Electronics, Ltd. (NASDAQ: RELL) is a global value- added integrator and manufacturer that specializes in creating comprehensive visual technology solutions for Original Equipment Manufacturers (OEMs). Our collaborative approach allows us to evaluate each customer’s unique needs and craft the right solution using custom engineering, value-added outsourcing, or modified off-the-shelf components. In addition, we provide complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.canvys.com
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 online at www.rell.com
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Richardson Electronics Reports Second Quarter Fiscal 2017 Results and Declares Quarterly Cash Dividend
LaFox, IL, January 4, 2017: Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended November 26, 2016. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.
Second Quarter Results
Net sales for the second quarter of fiscal 2017 were $33.8 million, nearly flat compared to net sales of $34.1 million in the prior year’s second quarter. A sales decrease of $0.5 million for Canvys, primarily due to declines in demand from key OEMs relating to market conditions, was partially offset by increases of $0.1 million in both PMT and Richardson Healthcare.
Gross margin increased to $11.0 million, or 32.4% of net sales during the second quarter of fiscal 2017, compared to $10.4 million, or 30.6% of net sales during the second quarter of fiscal 2016. Margin improved as a percent of net sales primarily due to higher PMT and Canvys margins as a result of an improved product mix. In addition, the Canvys margin benefitted from cost reductions on selected products sold.
Operating expenses increased to $13.4 million for the second quarter of fiscal 2017, compared to $13.2 million for the second quarter of fiscal 2016. The increase was due to $1.3 million in severance expense associated with the reduction in work force during the second quarter of fiscal 2017, mostly offset by reduced salary, benefits and incentive compensation expenses. In addition, IT expenses were lower than in the second quarter of fiscal 2016.
As a result, operating loss for the second quarter of fiscal 2017 was $2.4 million, compared to an operating loss of $2.5 million in the prior year’s second quarter. However, excluding the $1.3 million severance expense, the operating loss would have been $1.1 million for the second quarter of fiscal 2017.
Other income for the second quarter of fiscal 2017, including foreign exchange, was $0.2 million, compared to $0.5 million in the second quarter of fiscal 2016.
The income tax provision of $0.3 million during the second quarter of fiscal 2017 reflects a provision for foreign income taxes and no U.S. tax benefit due to the valuation allowance recorded against the net operating loss.
Net loss for the second quarter of fiscal 2017 was $2.5 million, compared to a net loss of $2.3 million in the second quarter of 2016.
FINANCIAL SUMMARY – SIX MONTHS ENDED NOVEMBER 26, 2016
- Net sales for the first six months of fiscal 2017 were $67.2 million, a decrease of 5.6%, compared to net sales of $71.2 million during the first six months of fiscal 2016. Sales decreased by $1.7 million for PMT and $2.5 million for Canvys, primarily due to declines in demand from key customers relating to market conditions.
- Gross margin decreased to $21.2 million during the first six months of fiscal 2017, compared to $21.7 million during the first six months of fiscal 2016. However, as a percentage of net sales, gross margin increased to 31.6% of net sales during the first six months of fiscal 2017, compared to 30.5% of net sales during the first six months of fiscal 2016.
- Operating expenses increased to $25.7 million for the first six months of fiscal 2017, compared to $25.5 million for the first six months of fiscal 2016. The increase was due to the $1.3 million in severance expense associated with the reduction in work force during the second quarter of fiscal 2017, mostly offset by reduced salary, benefits and incentive compensation expenses. In addition, IT expenses were lower than the first six months of fiscal 2016.
- Operating loss during the first six months of fiscal 2017 was $4.5 million, compared to an operating loss of $3.5 million during the first six months of fiscal 2016. After excluding the severance expense of $1.3 million, the operating loss would have been $3.2 million for the first six months of fiscal year 2017.
- Other expense for the first six months of fiscal 2017, including foreign exchange, was less than $0.1 million, compared to other income of $0.5 million for the first six months of fiscal 2016.
- The income tax provision of $0.8 million for the first six months of fiscal 2017 reflects a provision for foreign income taxes, an estimate for additional tax due from an audit in France and no U.S. tax benefit due to the valuation allowance recorded against the net operating loss.
- Net loss for the first six months of fiscal 2017 was $5.4 million, compared to a net loss of $3.7 million during the first six months of fiscal 2016.
CASH DIVIDEND
The Company also announced today that its Board of Directors declared a $0.06 quarterly dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on February 24, 2017, to common stockholders of record on February 7, 2017.
Cash and investments at the end of the second quarter of fiscal 2017 were $62.8 million compared to $70.5 million at the end of the fourth quarter of fiscal 2016. During the second quarter of fiscal 2017, the Company did not repurchase any shares of its common stock under the existing share repurchase authorization. Since the sale of RFPD, the Company has spent $65.6 million on share repurchases, nearly $20 million on acquisitions, more than $18 million on dividends and $5.1 million on purchases of Richardson Healthcare equipment. Currently, there are 10.7 million outstanding shares of common stock and 2.1 million outstanding shares of Class B common stock.
OUTLOOK
“While we are disappointed with flat net sales in the second quarter of fiscal 2017 as compared to the second quarter of fiscal 2016, we are pleased with the significantly higher gross margin and the substantially lower operating expenses after excluding the $1.3 million in severance expense that was incurred in the second quarter of fiscal year 2017,” said Edward J. Richardson, Chairman, Chief Executive Officer, and President. “We are beginning to see revenue growth in our Power Management Technologies group and we are making good progress in CT Tube development. We are focused on increasing net sales in all of our businesses and continue to make progress on additional initiatives to permanently take cost out of the organization, improve cash flow, and return the Company to profitability,” Mr. Richardson concluded.
CONFERENCE CALL INFORMATION
On Thursday, January 5, 2017, at 9:00 a.m. CST, 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 second quarter results for fiscal 2017. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial (888) 419-5570 and enter passcode 96522530 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 12:00 a.m. CST on January 6, 2017, for seven days. The telephone numbers for the replay are (USA) (888) 286-8010 and (International) (617) 801-6888; passcode 66294883.
FORWARD-LOOKING STATEMENTS
This release includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements in this press release regarding the Company’s business which are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K filed on July 29, 2016. The Company assumes no responsibility to update the “forward-looking” statements in this release as a result of new information, future events, or otherwise.
ABOUT RICHARDSON ELECTRONICS, LTD.
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 Announces Date of Second Quarter Fiscal 2017 Conference Call
LaFox, IL, Wednesday, December 28, 2016: Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its second quarter ended November 26, 2016, after the close of business on Wednesday, January 4, 2017. The release will be distributed by NASDAQ GlobalNewswire and will be available on the Company’s website at www.rell.com.
On Thursday, January 5, 2017, at 9:00 a.m. CST, 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 second quarter results for fiscal 2017. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial (888) 419-5570 and enter passcode 96522530 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 12:00 a.m. CST on January 6, 2017, for seven days. The telephone numbers for the replay are (USA) (888) 286-8010 and (International) (617) 801-6888; passcode 66294883.
About Richardson Electronics
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 Healthcare Unveils New Productivity Tools for Radiologist at RSNA 2016
Featuring PinPoint and CursorGenie
LaFox, Illinois – November 22, 2016… Richardson Healthcare, a Division of Richardson Electronics, Ltd. (NASDAQ: RELL), will be showing new enhancements to its industry leading CFS™ Calibration Software and Image Systems N-series diagnostic displays at RSNA 2016, including new productivity tools for radiologists and conformance/compliance tools for PACS administrators and physicists. The 2016 Radiology Society of North America (RSNA) Annual Meeting is being held at McCormick Place, Chicago from November 27th – December 2nd – Richardson Healthcare booth # 7913.
Image Systems diagnostic displays offer many advantages over other brands. New productivity tools such as PinPoint, and CursorGenie enhance productivity and improve the viewing experience for the radiologist. PinPoint enables non-distracted focus on user-selected regions of interest and CursorGenie eliminates frustrations and reduces the time spent on cursor movements in multi-monitor environments. Self-calibration features and conformance/compliance tools with enhanced reporting enable administrators to easily show how diagnostic displays are performing properly, and a new portable version of CFS utilized by our TekLink service team enables compliance testing of any brand of display monitor used for diagnostic imaging.
Additional show highlights include:
- An integrated radiology reading station featuring Image Systems 5MP Color displays (C5MPn) that can view all types of imaging modalities and a new mammographic PACS workstation computer solution by Singular Medical Technologies, all paired with Ergotron’s Anthro Carl’s Table and ergonomic chair.
- A portable reading station for Emergency Department use featuring two Image Systems 3MP Color (C3MPn) displays, dual Singular Medical computers to interface to PACS and Cardiology, batteries, and an Ergotron portable cart.
- Cost-saving replacement parts and training for major brands of CT and MRI equipment via our International Medical Equipment and Service (IMES) brand.
- A DR upgrade solution for migrating from analog or computed radiography to digital radiography.
To schedule an appointment or product demonstration at RSNA 2016, please contact us at healthcare@rell.com | 888.735.7373.
About Richardson Healthcare – A Division of Richardson Electronics
Richardson Electronics Healthcare provides flexible, efficient high-value diagnostic imaging replacement parts, components, and technical support to hospitals, diagnostic imaging centers, medical institutions, independent service organizations and more. We have a focused product selection of diagnostic imaging components and displays, as well as robust in-house manufacturing capabilities. In addition, we provide CT Service training, complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.rellhealthcare.com.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 online at www.rell.com.Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Canvys Announces New 4K2K Custom Display Series
High-Definition Custom Monitors for Medical and Industrial Applications
LaFox, IL – November 1, 2016: Canvys,® A Division of Richardson Electronics, Ltd. (NASDAQ:RELL), expands its product portfolio with a family of custom displays that deliver 4K × 2K resolution (3,840 × 2,160 pixels), four times that of full HD. The new 4K2K custom display series is available in seven screen sizes: 23.8”, 27”, 31.5”, 55”, 58”, 65”, and 84 inches.
These 4K monitors deliver sharp, precise, detailed images with enhanced depth and color representation. In addition to high-quality images, the monitors are multi-modality. Depending on the screen size and inputs, up to eight windows from eight different sources can be displayed on one screen at the same time.
The new series is ideal for medical and industrial applications. Compared to displays with full HD, 4K2K monitors can aid in faster and more accurate diagnosis. The 4K2K picture-in-picture function is especially useful in diagnostic interpretation. This function allows medical staff to view and compare two images side-by-side on a single screen in 2K by 2K resolution without losing image quality. In addition, almost all devices have a medical approval in accordance to the latest regulations.
For industrial applications, 4K2K displays are ideal when using industrial endoscopic tools for the internal inspection of machinery. The images shown on a 4K2K display are enhanced to the degree of identifying micro-cracks. This advancement in technology helps minimize the need to disassemble machinery for inspection, saving both time and money.
The 4K2K series is custom-engineered by Canvys. Custom options and services include:
- Needs assessment, custom engineering and prototyping
- Touch and protective shield integration – latest technologies
- Injection molding, deep drawing, SLA prototyping, and strand-casting
- Various housing designs such as open frame, panel / chassis / rack mount, rugged to slim and light weight designs
- A wide range of controller solutions with inputs in many combinations
- SBC (Single Board Controller?) and PC integration
- In-depth testing and validation process applied throughout the product development process
- Regulatory approvals
Visit our website for more information: www.canvys.com
About Canvys – Visual Technology Solutions
Canvys, a Division of Richardson Electronics, Ltd. (NASDAQ: RELL) is a global value- added integrator and manufacturer that specializes in creating comprehensive visual technology solutions for Original Equipment Manufacturers (OEMs). Our collaborative approach allows us to evaluate each customer’s unique needs and craft the right solution using custom engineering, value-added outsourcing, or modified off-the-shelf components. In addition, we provide complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.canvys.com
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 online at www.rell.com
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Richardson Electronics Reports First Quarter Fiscal 2017 Results and Declares Quarterly Cash Dividend
LaFox, IL, October 5, 2016: Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its first quarter ended August 27, 2016. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. Read full press release.
Richardson Electronics Announces Date of First Quarter Fiscal 2017 Conference Call
LaFox, IL, Wednesday, September 30, 2016: Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its first quarter ended August 27, 2016, after the close of business on Wednesday, October 5, 2016. The release will be distributed by Business Wire and will be available on the Company’s website at www.rell.com.
On Thursday, October 6, 2016, at 9:00 a.m. CT, 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 results for fiscal 2017. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial (888) 339-2688 and enter passcode 40855903 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 12:00 a.m. CT on October 7, 2016, for seven days. The telephone numbers for the replay are (USA) (888) 286-8010 and (International) (617) 801-6888; passcode 47629279.
About Richardson Electronics
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 Healthcare Announces XR-29 Compliance Solution
Meeting the Regulatory Challenge with the Only FDA-Cleared Non-OEM Solution
LaFox, Illinois – August 1, 2016… Richardson Healthcare, a division of Richardson Electronics, Ltd. (NASDAQ: RELL), today announced the addition of Medic Vision Imaging Solutions’ SafeCT®-29 that helps achieve XR-29 compliance to our diagnostic imaging product portfolio. This solution allows hospitals and imaging facilities to avoid facing reimbursement penalties or investing in new equipment, ultimately saving significant costs.
Medic Vision specializes in image enhancement and CT radiation management solutions. The SafeCT-29 solution offers Richardson Healthcare customers the only non-OEM solution to comply with XR-29 that is cleared by the FDA. SafeCT-29 meets the guidelines required by CMS in the NEMA XR-29 “Smart Dose” standard for CT imaging equipment.
SafeCT-29 is vendor-neutral, and seamlessly integrates with the CT scanner’s existing configuration. The product creatively uses the system’s own software to prevent scanning when assigned dosage exceeds per-patient targets. Installation is completed within hours, requires minimal workflow interruption, and is cost-effective compared to other solutions on the market.
Pat Fitzgerald, Executive Vice President and General Manager of Richardson Healthcare, said, “XR-29 compliance represents a crucial challenge for our customers. It was important for us to help find a reliable, FDA-cleared product that lets providers keep their current technology in place without losing valuable reimbursement revenues. We believe SafeCT-29 is a great, affordable answer to this challenge, and we are proud to help bring it to our market.”
To learn more about this new solution and other diagnostic imaging solutions, visit the Richardson Healthcare team at AHRA (Booth 224) July 31-August 3, or contact us at healthcare@rell.com | 888.735.7373
About Richardson Healthcare – A Division of Richardson Electronics
Richardson Electronics Healthcare provides flexible, efficient high-value diagnostic imaging replacement parts, components, and technical support to hospitals, diagnostic imaging centers, medical institutions, independent service organizations and more. We have a focused product selection of diagnostic imaging components and displays, as well as robust in-house manufacturing capabilities. In addition, we provide CT Service training, complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.rellhealthcare.com.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. 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 online at www.rell.com.