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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) introduced the FET-Jet calculator, designed by UnitedSiC, to assist engineers in optimizing SiC device selection during power design phases. The tool requires no registration and allows users to explore various application functions, including AC-DC and DC-DC converters. Key outputs include overall efficiency and junction temperature, thereby facilitating informed design decisions. Both Greg Peloquin and Chris Dries emphasize the tool's role in enhancing customer experience with SiC devices, highlighting Richardson’s commitment to innovative solutions in the power conversion market.
Richardson Electronics reported a significant increase in net sales for Q3 FY21, reaching $45.2 million, up 18.3% from the previous year. Key drivers included a 41.7% increase in Healthcare sales, fueled by demand for the ALTA750™ tubes. Gross margin improved to 34.9% due to a favorable product mix. Operating income rose to $0.3 million, with Non-GAAP operating income at $1.9 million. However, operating expenses increased by $2.8 million due to a legal settlement and higher employee costs. A quarterly dividend of $0.06 was declared, reflecting the company's financial health.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for Q3 ending February 27, 2021, on April 7, 2021. The release will be available on the company’s website. Following this, a conference call will take place on April 8, 2021, at 9:00 a.m. CDT, featuring Chairman and CEO Edward J. Richardson and CFO Robert J. Ben, who will discuss the results and engage in a Q&A session. The call can be accessed via specific dial-in numbers, with a replay available afterward.
Canvys, a division of Richardson Electronics (NASDAQ: RELL), has launched a new 15.6-inch FHD monitor tailored for industrial and medical applications. The monitor features customizable options, including touch capabilities and a sealed housing for easy cleaning, making it suitable for critical medical environments. Key specifications include a brightness of 500 cd/m², a contrast ratio of 1000:1, and viewing angles of 178 degrees. The display supports DVI, DisplayPort, HDMI, and USB-C inputs. Custom options and certifications are available for various applications.
Richardson Electronics (NASDAQ: RELL) announces the launch of Junkosha’s MWX004 interconnect cables designed for frequencies up to 145 GHz. These cables feature a patented “safety lock” to prevent damage to the center pin and are suited for 5G technology, allowing evaluation of second harmonic spurs. Offering a rapid delivery of 2-3 weeks for custom lengths, these products enhance the company’s Microwave portfolio. With over 60 years in the RF market, Richardson is positioned for growth in the evolving 5G landscape.
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.
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