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 announces the availability of UnitedSiC's Gen 4 SiC FETs, the world's first devices rated at 750V. These FETs offer significant performance enhancements with 18- and 60-mOhm options and lower on-resistance. They aim to improve efficiency in various applications, including automotive and renewable energy. Executive Vice President Greg Peloquin praised this milestone in power conversion technology, highlighting a successful partnership with UnitedSiC. Richardson Electronics continues to provide engineered solutions across diverse markets, seeking innovations for better customer support.
Richardson Electronics, Ltd. (NASDAQ: RELL) has announced the availability of Tamura Corporation’s Current Sensors and Gate Drivers, notable for their reliability and rapid response times. The sensors utilize the Hall-Effect system to accurately measure AC/DC currents in applications such as UPS and solar power. Tamura’s Gate Drivers offer integration with DC-DC converters and are officially endorsed by Fuji Electric, making them suitable for next-generation IGBT and MOSFET applications. This launch enhances Richardson's offering in engineered solutions across various sectors.
Richardson Electronics (NASDAQ: RELL) has enhanced its power conversion offerings by introducing Fuji Electric's 7th Generation IGBT modules. These modules use advanced IGBT chip technology designed for energy efficiency, compactness, and reliability. Key improvements include:
- 10% reduction in inverter loss and 11°C improvement in chip temperature.
- 36% reduction in module footprint with better heat dissipation.
- Continuous operation at 175°C, allowing 35% more output.
This new product line serves a range of applications, affirming Richardson's commitment to provide top-tier solutions.
Richardson Electronics (NASDAQ: RELL) announces the availability of new SiC Schottky diodes from UnitedSiC, featuring the lowest VF-Qc for fast switching applications. These third-generation devices enhance power efficiency in advanced applications like electric vehicle charging, industrial drives, and solar inverters.
Key features include options rated at 10A, 20A, and 50A for 1200V, and a 25A rating for 1700V, boasting excellent surge current capabilities. This expansion positions UnitedSiC as a leader in silicon carbide technology.
Richardson Electronics, Ltd. (NASDAQ: RELL) has enhanced its RF offerings by collaborating with Masach Tech to distribute EMI/RFI shields. These innovative parts are designed for easy troubleshooting and maintenance, featuring a two-piece shield design and seamless construction for optimal performance. Masach Tech, established in 1994, specializes in board-level shielding crucial for protecting RF devices from electromagnetic interference. The partnership aims to expand Masach's distribution globally, highlighting the importance of high-quality shielding in electronic design and production.
Richardson Electronics, Ltd. (NASDAQ: RELL) announces the launch of a redesigned website for Canvys, its division that specializes in custom monitor and All-In-One (AIO) computer solutions. The site, available in English and German, features improved navigation and resources for users. Canvys focuses on the medical and industrial markets, highlighting its display technology expertise. EVP Jens Ruppert emphasizes the website's user-friendly design and informative content aimed at enhancing customer understanding of Canvys' offerings.
Richardson Electronics (NASDAQ: RELL) has partnered with Qorvo to release an eBook titled “Design Innovations in MMICs”, aimed at providing RF engineers with essential insights on millimeter-wave system design, testing, and amplifier design. This publication includes valuable advice on design tradeoffs that impact performance, with examples of millimeter-wave component applications. The collaboration aims to simplify design and testing challenges in the RF engineering sector, enhancing support with technical articles, product announcements, and more available on Richardson's Think Tank webpage.
Richardson Electronics, Ltd. (NASDAQ: RELL) has announced the addition of Pureechem ultracapacitors to its product line, enhancing its offerings in energy solutions. Manufactured in Korea, these ultracapacitors boast low internal resistance and larger capacity options, ranging from 3F-100F and 2.7-3.0V radial cells to 5.4-6.0V modules. They cater to various applications including data storage and uninterruptible power supplies. The partnership aims to leverage Pureechem's innovative technology for improved performance and durability in energy storage solutions.
Richardson Electronics (NASDAQ: RELL) has launched SCOMES, a line of customizable power modules that includes various configurations of rectifier modules ranging from 400V to 2500V and 50A to 600A. The modules come with options for insulated or non-insulated bases. Designed for industrial applications, SCOMES aims to provide innovative solutions tailored to customer needs. The SCOMES Selection Guide offers technical specifications and drawings to enhance product selection. This launch extends Richardson's commitment to serving diverse markets with engineered solutions.
Richardson Electronics reported Q1 FY21 net sales of $38.8 million, down 4.5% from $40.7 million in Q1 FY20, primarily impacted by COVID-19. Gross margin remained stable at 31.8%, slightly lower than 31.9% last year. An operating loss of $0.6 million was noted, compared to a profit of $0.1 million in Q1 FY20. Net loss increased to $1.1 million from a net income of $0.2 million year-over-year. The company declared a quarterly cash dividend of $0.06 per share.
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