Welcome to our dedicated page for Richardson Electronics news (Ticker: RELL), a resource for investors and traders seeking the latest updates and insights on Richardson Electronics stock.
Richardson Electronics Ltd (NASDAQ: RELL) is a distinguished global provider of engineered solutions, power grid and microwave tubes, and related consumables. The company is known for its high-value displays, flat panel solutions, and replacement parts for diagnostic imaging equipment. Richardson Electronics has carved out a significant presence in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
The company's strategic focus is on offering specialized technical expertise and engineered solutions grounded in core engineering and manufacturing capabilities. Richardson Electronics enhances value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair, leveraging its robust global infrastructure.
Recent milestones include the installation of over 50,000 units of the patented ULTRA3000® and the announcement of a global agreement with Microwave Components, Inc. This collaboration broadens Richardson Electronics' portfolio with products crucial for RF and microwave applications. Furthermore, the company continues to expand its footprint in the green energy sector through partnerships and innovative solutions targeting wind, solar, hydrogen, and electric vehicles.
Financially, Richardson Electronics derives the majority of its revenue from its Power and Microwave Technologies (PMT) segment. Other notable segments include Canvys, which focuses on high-value display solutions, and Green Energy Solutions (GES), which caters to the growing energy storage and power management markets. The company's stock is traded on the NASDAQ Global Select Market under the ticker symbol RELL.
For more information, visit www.rell.com.
Richardson Electronics, Ltd. (NASDAQ: RELL) has launched Cornell Dubilier’s new high-energy storage pulse capacitors, designed for applications requiring high voltage charge/discharge cycles. These capacitors feature voltage ratings up to 100 kV and peak discharge current ratings reaching 250 kA. Customizable options include dry epoxy or oil-impregnated constructions and various terminal types. This partnership enhances Richardson's solutions for sectors like healthcare, industrial lasers, and military applications, promising optimal performance and meeting stringent customer requirements.
On March 8, 2021, Richardson Electronics (NASDAQ: RELL) announced the appointment of Joshua Borders as a new business development manager in the Power & Microwave Technologies division. His role focuses on supporting the growing demand for the Ultra3000 series, aimed at enhancing the reliability of battery systems for wind farms. With over ten years of experience in renewable energy, including significant contributions to ultracapacitor technology for wind turbines, Borders is expected to drive product expansion and growth in this sector.
Richardson Electronics (NASDAQ: RELL) has expanded its product portfolio by partnering with 3RWave to introduce a new range of microwave filters. These filters feature over 300 types, supporting frequencies up to 40GHz and power capabilities of 2KW peak. The addition aims to enhance design support across various applications, including RF communications and radar. This move aligns with Richardson's strategy to offer tailored solutions while reinforcing its global infrastructure for prototype design and technical support.
Richardson Electronics (NASDAQ: RELL) has launched Celem’s HTC series of high temperature capacitors, specifically designed for Electric Vehicle (EV) Wireless Charging solutions. These capacitors can operate at temperatures up to 125°C, making them ideal for applications where water-cooling is not feasible. They outperform traditional ceramic capacitors by offering better vibration resistance and a smaller footprint. The series includes various products with maximum capacitance ratings of up to 0.8μF at 550V and up to 0.2μF at 1000V, indicating substantial power capacity for EV applications.
Richardson Electronics (NASDAQ: RELL) announced the launch of its new SemiQ third-generation SiC diode modules, enhancing capabilities in power management for electric vehicles, uninterruptible power supplies, solar power, and renewable energy applications. These modules, qualified via JEDEC reliability tests, include configurations of 650V/1200V and 50A/100A, designed for high reliability and ruggedness. The modules are now available for global sampling, aiming to expand market reach and customer value.
Richardson Electronics, Ltd. (NASDAQ: RELL) has entered into a global distribution agreement with Quantum Microwave, a provider of microwave and millimeter-wave solutions. Excluding Japan, China, and Taiwan, this partnership aims to enhance market reach in RF and microwave communications, 6G, and quantum computing sectors. Quantum Microwave's products include waveguide components up to 325 GHz and cryogenic components for quantum applications. This collaboration seeks to leverage both companies' strengths in providing high-quality solutions globally.
Richardson Electronics, Ltd. (NASDAQ: RELL) has established a global distribution agreement with Signal Microwave. This partnership aims to enhance the availability of high-quality microwave connectors and test boards for applications up to 110GHz. The collaboration aligns with both companies' focus on delivering reliable products for RF and microwave communications, 5G testing, and digital applications. Both companies emphasize their commitment to quality, with Signal Microwave offering a 3-year warranty on its products.
Richardson Electronics (NASDAQ: RELL) has entered a distribution agreement with Isahaya Electronics, enhancing its product offerings in the Americas. Isahaya specializes in DC/DC converters, gate drivers, and hybrid ICs used in various critical applications such as UPS and EV charging. This partnership aims to provide optimal solutions for inverter applications utilizing IGBT modules. The gate drivers support a range from 15A to 3600A and feature improved performance metrics, aligning with Richardson's strategy of delivering comprehensive engineered solutions to its customers.
Richardson Electronics (NASDAQ: RELL) reported a 7% increase in net sales to $42.4 million for Q2 FY21, compared to Q2 FY20. Key revenue growth was observed in PMT and Healthcare segments, particularly with ALTA750™ Tube sales reaching record levels. The gross margin improved to 33.8% from 32.0% year-over-year. Operating expenses rose slightly to $13.5 million. The company achieved an operating income of $0.9 million, reversing a loss from the prior year. A quarterly cash dividend of $0.06 was announced, payable on February 24, 2021.
Richardson Electronics (NASDAQ: RELL) will release its Q2 financial results for the period ended November 28, 2020, on January 6, 2021. The results will be accessible on the company's website and through GlobeNewswire. A conference call is scheduled for January 7, 2021, at 9:00 a.m. CST, featuring CEO Edward J. Richardson and CFO Robert J. Ben, who will discuss the results in detail and answer questions. Investors can access a replay of the call later that day.
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