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Richardson Electronics and Ohmite Sign Global Distribution Agreement
Expands technical support of Ohmite’s leading high-performance resistor technology
LaFox, IL, Tuesday, July 21, 2015 – Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a new global distribution agreement with Ohmite Manufacturing Company, a Chicago-based provider of resistive products for high-current, high-voltage and high-energy applications. The agreement supports Ohmite’s efforts to expand sales and technical support of its high-performance resistor technology.
Ohmite has been the leading provider of resistive products for high-current, high-voltage and high-energy applications for over 90 years. The company’s full complement of resistor construction includes wirewound, wire element, thick film, and ceramic composition.
Richardson Electronics is a global channel partner for world-class electron devices, power electronics, and RF & microwave components.
“Ohmite offers a broad selection of power resistors, and their ongoing product development means that they continue to offer the leading edge resistor technology required in today’s sophisticated applications,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group. “With compatible focus markets, we are excited to support our new partner and bring their innovative technologies to our customers.”
“Richardson Electronics is a wonderful channel partner with a wide global presence, providing local technical support to help identify new opportunities that extend our business,” stated Greg Pace, President of Ohmite. “Their ability to provide solutions and add value from design-in support and prototype design through to high-volume production makes them an ideal partner for Ohmite’s expanding product line.”
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.
About Ohmite Manufacturing Company
Ohmite Manufacturing Company is headquartered in Chicago Illinois and is a wholly owned subsidiary of Heico Company, LLC. Ohmite has been the leading provider of resistive products for high current, sensing, high voltage, and high energy applications for 90 years. The company’s full complement of resistor constructions includes wirewound, wire element, thick film, and ceramic composition. Ohmite maintains operations in South Texas, Mexico, England and the Chicago area.
Richardson Electronics Hires Jens Ruppert to Lead Canvys, Its Visual Technology Solutions Group
LaFox, IL, July 16, 2015: Richardson Electronics, Ltd. (NASDAQ: RELL), today announced it has hired Jens Ruppert, former Vice President and General Manager for NDS Surgical Imaging, as its Executive Vice President and General Manager of Canvys. Canvys is the Company’s visual technology solutions group providing custom displays for medical and industrial original equipment manufacturers with operations in Marlborough, Massachusetts and Donaueschingen, Germany.
“We are pleased to have Jens join Richardson Electronics’ senior management team,” said Wendy Diddell, Executive Vice President, Corporate Development. “Jens started his career as an engineer and worked his way up through sales, marketing and general management within the medical display and operating room equipment market. He brings a high level of talent, customer relationships and credibility that will help Canvys achieve new levels of sales and operational success.”
Canvys works closely with OEMs to design display solutions that meet unique requirements. With its strong engineering and product management team, Canvys is able to select the best technology based on functionality, financial considerations and the anticipated life of a program ensuring changes are minimized and costs controlled. Canvys has provided a wide range of display solutions for medical equipment, woodworking, retail, banking, transportation, government, air traffic control and other industrial applications on a global basis. With operations in the US and Europe, and the strong backing and infrastructure of Richardson Electronics, Canvys is one of the few custom display providers that can serve its customers on global basis.
“I’m very excited to be part of Richardson Electronics and honored to be leading such a talented group at Canvys,” said Jens Ruppert. “We will immediately begin exploring ways to increase our competitive advantage and provide added value to the customers we serve.”
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.
For Details Contact:
Wendy Diddell
EVP, Corporate Development
Phone: 630.208.2323
Richardson Electronics Announces Date of Fourth Quarter and Fiscal 2015 Conference Call
LaFox, IL, Thursday, July 16, 2015: Richardson Electronics, Ltd.
(NASDAQ: RELL) plans to release its financial results for its fourth quarter and fiscal year ended May 30, 2015, after the close of business on Wednesday, July 22, 2015. The release will be distributed by Business Wire and will be available on the Company’s website at www.rell.com.
On Thursday, July 23, 2015, at 9:00 a.m. CT, Edward J. Richardson, Chairman, Chief Executive Officer and President, and Kathleen S. Dvorak, Chief Financial Officer, will host a conference call to discuss the Company’s Fiscal 2015 results. 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 97038740 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:59 p.m. CT on July 23, 2015, for seven days. The telephone numbers for the replay are (USA)(888) 286-8010 and (International) (617) 801-6888; passcode 90375367.
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 Electronics, Ltd. and Ioxus Sign Global Distribution Agreement
Builds market awareness of Ioxus’ innovative ultracapacitor products and technology
LaFox, IL, Wednesday, July 15, 2015 – Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a new global distribution agreement with Ioxus, Inc., a leading manufacturer of high-performance ultracapacitor technology headquartered in Oneonta, NY. The agreement supports Ioxus’ efforts to increase market awareness and market share of its latest products and innovative technology.
Ioxus manufactures iCAP® ultracapacitors, iMOD® modules, and THiNCAP® pouch cells and modules that are optimized for the highest energy and power density. Ioxus recently launched their leading edge 85º Titan™ ultracapacitor product line and the new industry changing line of 22 iMOD X-Series® ultracapacitor modules. The 22 X-Series modules allow customers to quickly integrate ultracaps into their application with little development cost or design lead time. Ioxus ultracapacitor cells and modules serve the automotive, hybrid bus, wind turbine pitch control, micro grid, UPS and industrial markets.
Richardson Electronics is a global channel partner for industry-leading electronic components and engineered solutions.
“Ioxus develops premium performance ultracapacitor technology and proves through extensive testing that their products achieve longer life than what is currently offered on the market,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group. “Ioxus’ technology is extremely exciting for our sales team to promote to our customers, since these products offer key differentiators with distinct advantages.”
“With Richardson Electronics as a channel partner, Ioxus will leverage Richardson’s vast market reach to build market awareness of our latest products and leading technology to capture more design wins,” stated Jeff Colton, Vice President of Sales at Ioxus. “Their global presence and technical expertise will help us reach new customers and effectively take advantage of the opportunities in the rapidly expanding markets for ultracapacitor applications.”
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 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 online at www.rellpower.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Ioxus, Inc.
Ioxus manufactures high performance ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets. The company offers the broadest range of cell styles in the industry, from 100 Farads to 3,000 Farads, with both iCAP® cylindrical and THiNCAP® pouch cell form factors. With our proprietary mixes and coating processes, Ioxus makes a superior electrode for ultracapacitors with higher power and energy density compared to other ultracapacitors. Ioxus designs and manufactures smaller, lighter weight iMOD® modules and the new 85°C Titan™ iMOD X-Series® family of module systems. Ioxus is headquartered in Oneonta, N.Y., with sales, service and quick-delivery inventory in Shanghai, China. More information is available online at www.ioxus.com.
Richardson Electronics, Ltd. and StarPower Europe AG Sign Distribution Agreement
Extends StarPower power module product reach to new customers and opportunities worldwide
LaFox, IL, Tuesday, July 7, 2015 – Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a new distribution agreement with StarPower Europe AG, a leading power module company headquartered in Jiaxing, China. This global agreement supports the expansion of StarPower’s products to new customers and opportunities outside of China as the demand and applications for power modules continue to grow.
Founded in 2005, StarPower designs and manufactures IGBT, MOSFET, IPM, FRD, and rectifier modules, as well as customized modules, for inverter, welding machine, inductive heating, UPS, EV, and solar/wind power applications from 0.5kW to more than 1MW. The continuing growing demand for higher energy efficiency and green energy generation present an ideal environment for StarPower modules.
Richardson Electronics is a global channel partner for industry-leading electronic components and engineered solutions.
“StarPower designs unique and optimized power modules with low loss and high conversion efficiency for power applications in the inverter, wind, solar, welding, traction/EV and UPS markets,” said Greg Peloquin, Executive Vice President of Richardson Electronics Power & Microwave Technologies group. “Their innovative technologies align perfectly with our highly technical sales team and our ability to identify the right customers and design opportunities for this product line.”
“Richardson Electronics is a perfect partner for our products and applications focus,” responded Mr. Peter Frey, Managing Director. “Their worldwide presence, technical expertise throughout the entire design cycle, and outstanding reputation for launching the newest products and latest technologies to the global marketplace will help us reach new customers and effectively take advantage of the increased opportunities for power module applications.”
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.
About StarPower
StarPower is a leading power module company headquartered in Jiaxing, China. Founded in 2005, StarPower designs and manufactures IGBT / MOSFET / IPM / FRD / Rectifier modules and customized modules for applications in the area of inverters, welding machines, inductive heating, UPS, EV, solar/wind power and etc. in the power range of 0.5kW up to more than 1MW.
StarPower Europe AG, with its head office in Switzerland, is the European subsidiary of StarPower Semiconductor Ltd. StarPower Europe recently announcement building a European development centre in Nuremberg, Germany. The goal is to test new technologies and materials, and provide the gained expertise to its headquarters for use in the production environment. A 240 m2 space accommodates the offices and laboratories. The process engineers and developers from headquarters are involved from the beginning and are trained in Nuremberg, so that the expertise can be easily transferred into the series production of semiconductor modules. StarPower sets a new milestone for its growth in Europe with high-quality semiconductor modules, using its European expertise. More information is available at www.starpowereurope.com.
Richardson Electronics, Ltd. Announces Power & Microwave Technologies Group
LaFox, IL, Wednesday, July 1, 2015 – Richardson Electronics, Ltd. (NASDAQ: RELL) announced today the launch of a new business group, Power & Microwave Technologies (“PMT”). The PMT group encompasses Richardson Electronics’ existing Electron Device Group (“EDG”) and adds new technologies and engineered solutions for the power conversion and RF and microwave markets.
“The PMT group will focus on adding new suppliers and technologies to take advantage of high growth markets and leverage our global infrastructure, including sales, marketing, engineering solutions and logistics,” said Edward Richardson, CEO and Chairman of the Board for Richardson Electronics. “Under the direction of Greg Peloquin, PMT combines new technologies and capabilities with our existing EDG business to maximize associated selling opportunities of both electron tubes and solid-state products.”
Greg Peloquin, Executive Vice President, PMT, brings considerable experience and expertise in the RF and microwave, power and energy, and electron tube markets to his PMT group leadership role. Prior to joining Richardson Electronics in June 2014, as Executive Vice President, EDG, Mr. Peloquin served as president of Richardson RFPD, Inc. From 2002 to 2011, he was executive vice president and general manager of Richardson Electronics’ RF & Wireless Communications Group. Earlier in his career, Mr. Peloquin was director of global distribution for Motorola, Inc.’s wireless infrastructure division.
“I am eager to establish and grow the PMT group,” Mr. Peloquin responded. “Richardson Electronics’ solid customer base, highly technical sales and engineering teams, and global infrastructure are critical to solidifying partnerships with new suppliers who offer innovative products and technologies. These superior solutions simplify and expedite customer design cycles paving the way for increased sales in high-growth markets.”
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 radio frequency (RF) & 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 online at www.rell.com
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
Richardson Electronics Files Form 8-K
Richardson Electronics, Ltd. Agrees to Acquire International Medical Equipment and Service, Inc. (IMES)
Richardson Electronics, Ltd. (NASDAQ: RELL) today
announced the signing of a definitive agreement to acquire the assets of International Medical Equipment and Service, Inc. (IMES). IMES is the first acquisition completed by Richardson Healthcare, the division of Richardson Electronics focused on high-value components and replacement parts for the diagnostic imaging market.
International Medical Equipment and Service, Inc. (IMES), based in South Carolina, provides reliable, cost-saving solutions worldwide for major brands of CT and MRI equipment. This acquisition positions Richardson Healthcare to provide cost effective diagnostic imaging replacement parts and training to hospitals, diagnostic imaging centers, medical institutions, and independent service organizations. With more than 10 years of experience, IMES offers an extensive selection of replacement parts, as well as an interactive training center, on-site test bays and experienced technicians who provide 24/7 customer support.Replacement parts are readily available and triple tested
to provide peace of mind whenuptime is critical.
“IMES brings extensive expertise in diagnostic imaging replacement parts, training and support,” said Pat Fitzgerald, EVP and General Manager of Richardson Healthcare. “We look forward to working with Trey McIntyre and his team to bring cost effective replacement parts to Richardson customers around the world, and to selling Richardson Healthcare’s range of products including PACS displays, flat panel detectors and replacement tubes to IMES’ traditional customer base.”
Trey McIntyre, President of IMES, said, “This is a great benefit for our customers who depend on our leading quality and support. Equally as importantto us, Richardson Healthcare is building an incredible team packed with expertise and experience; the team is a natural fit with our own dedicated staff. We are excited because we know that with the expanded reach and new capabilities Richardson provides, we can better serve our customers.”
IMES core operations will remain in South Carolina. Richardson Healthcare will expand its replacement parts and training offerings geographically leveraging Richardson Electronics’global infrastructure.
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 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 online at www.rell.com. Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Richardson Healthcare
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 complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.rellhealthcare.com.
APEI and Richardson Electronics Sign Global Distribution Agreement to Expand Accessibility and Support of Industry-Leading Wide Bandgap Products
APEI of Fayetteville, Arkansas, a world leader in wide bandgap packaging and design, announced today that it finalized a global distribution agreement with Richardson Electronics, Ltd. (NASDAQ: RELL). Richardson Electronics is a global provider of engineered solutions and a leading distributor of electronic components. This agreement will support the expansion of APEI’s products into new markets and applications as the demand for wide bandgap products continues to accelerate.
“The APEI and Richardson Electronics partnership helps expand the accessibility of our products and services to broader markets, as technology manufacturers seek to design systems with increased power-density, smaller size, and higher efficiency to meet their next-generation performance requirements,” said APEI’s CEO Alex Lostetter. “Richardson Electronics draws from its own engineering and manufacturing capabilities to provide technical expertise and value-added solutions to high performance markets. Richardson and APEI are forming a strong partnership, based on the shared philosophy that customers should receive high-quality technical support throughout the duration of the design-in process – from prototyping to full-scale production.”
Chris Marshall, CTO of Richardson Electronics’ Power and Microwave Technologies Group, responded, “APEI is a technology leader in GaN and SiC high power modules, offering dramatic size and weight reductions along with the ability to operate at extreme temperatures. We expect them to be a key strategic partner in our push into global power conversion markets, lining up with our new portfolio of GaN and SiC components, IGBTs, high power capacitors and ultracaps. APEI’s strong portfolio of SiC and GaN optimized products affords system designers a previously unimaginable level of performance.”
“Both of our core business philosophies and customers are complementary, which provides us with excellent potential for rapid expansion into new market sectors,” commented Dr. Ty McNutt, Director of Business Development for APEI. “APEI is known for its innovative design philosophies, and it is extremely important that any representation of our brand shares this approach to technology, which Richardson Electronics demonstrates with their long-standing industry reputation.”
About APEI
APEI was founded in 1997, with a mission to utilize wide bandgap devices to make industrial motor drive systems smaller, lighter, and more efficient than ever before. Over the past 18 years, APEI has grown into an industry-leading designer, developer, and manufacturer of electronics solutions for high performance applications. Through the use of its wide bandgap optimized design philosophy, APEI offers standard and custom product lines that redefine the capabilities of modern power electronics. In addition to APEI’s product offerings, they also provide engineering services for Switched-Mode Power Conversion, Motor Drives & Electric Utility Applications, and Extreme Environment Systems, plus quick-turn manufacturing and testing services.
About Richardson Electronics
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; other power and microwave components; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, aviation, broadcast, communications, healthcare, 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. 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.
Media Contact:
Julie Teinert
Director, Strategic Marketing
Richardson Electronics, Ltd.
jteinert@rell.com
469-344-8812
