Welcome to our dedicated page for Richardson Electrs news (Ticker: RELL), a resource for investors and traders seeking the latest updates and insights on Richardson Electrs stock.
Richardson Electronics Ltd (RELL) delivers engineered solutions powering critical infrastructure across energy, healthcare, and industrial sectors. This dedicated news hub provides investors and industry professionals with official updates and analysis on RELL's global operations.
Access timely announcements including quarterly earnings, product launches, strategic partnerships, and technology innovations. Our curated collection ensures you stay informed about developments in power grid components, microwave technologies, green energy systems, and medical imaging solutions.
Key updates cover operational expansions, R&D advancements, and market-specific initiatives across RELL's core segments. Bookmark this page for direct access to verified financial disclosures, executive commentary, and milestone achievements from a NASDAQ-listed industry leader.
Richardson Electronics (NASDAQ: RELL) announces the launch of SemiQ’s 1200V 80mΩ SiC MOSFETs, expanding their silicon carbide portfolio. These two new MOSFET models, GP2T080A120U and GP2T080A120H, enhance design flexibility for high-performance applications, including electric vehicles and data centers. The new products outperform legacy silicon IGBTs by providing faster switching and lower losses, which can lead to reduced system size and cooling needs. Samples are available upon request, reinforcing Richardson's commitment to supporting customers in developing cutting-edge technology.
Richardson Electronics (NASDAQ: RELL) reported a robust second quarter for fiscal 2022, with net sales of $54.0 million, reflecting a 27.3% increase year-over-year. Key growth areas included PMT, Canvys, and Healthcare, leading to an operating income of $4.5 million and net income of $4.1 million. Although gross margin decreased to 32.7% from 33.8% due to product mix and higher freight costs, the company announced a $0.06 quarterly dividend. Backlog rose to $146.9 million, indicating strong demand for its products.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for Q2 2022, ending November 27, 2021, on January 5, 2022. The results will be available on their website and through GlobeNewswire. A conference call to discuss the results will take place on January 6, 2022, at 9:00 a.m. CST, featuring Edward J. Richardson, Chairman and CEO, and Robert J. Ben, CFO. Participants can join by calling specified numbers and using Conference ID 2592902. A replay will be available post-call.
Richardson Electronics announces the issuance of U.S. Patent No. 11,193,471 for its ULTRA3000® Pitch Energy Module, a breakthrough in replacing batteries in wind turbine pitch systems. This is the second patent for this technology, signaling ongoing innovation in renewable energy solutions. The ULTRA3000® PEM offers a plug-and-play replacement for batteries, requiring no modifications for installation. This new patent reinforces Richardson's commitment to cost-effective and environmentally friendly energy solutions.
Richardson Electronics, Ltd. (NASDAQ: RELL) reported preliminary Q2 FY22 revenue of approximately $54.0 million, reflecting a 27.3% increase year-over-year. The backlog rose to $146.9 million, up from $126.5 million, indicating strong demand across all business units.
The company attributed this growth to robust end-market demand and successful product expansion initiatives. Key highlights include record sales from Canvys and increased shipments of ALTA750 tubes. Full financial results will be announced on January 5, 2022.
Richardson Electronics, Ltd. (Nasdaq: RELL) will present at the Sidoti & Company Winter Virtual Micro Cap Investor Conference on December 8, 2021. CEO Edward J. Richardson will discuss the company's fiscal year 2021 performance and offer a preliminary update on the second quarter of fiscal year 2022, which ended November 27, 2021. The presentation will also cover growth initiatives, including their patented ULTRA3000 Pitch Energy Module for wind turbine solutions. Registration for the event is free, and a replay will be available for 90 days.
Richardson Electronics, Ltd. (NASDAQ: RELL) will exhibit at the CLEANPOWER event on December 7-8, 2021, in Salt Lake City, showcasing the ULTRA3000 ultracapacitor-based energy module. This technology, with over 2 million hours of operational success, offers an efficient alternative to lead-acid batteries in wind turbine generators, reducing installation complexity and downtime.
Greg Peloquin, Executive Vice President, emphasized the company's commitment to introducing innovative power management solutions to a rapidly changing market.
Richardson Electronics (NASDAQ: RELL) has launched AMOGREENTECH’s energy storage system solutions utilizing lithium-iron-phosphate batteries. These batteries are characterized by high efficiency, long cycle life, and a low risk of fire or explosion. Assembled in Korea and the USA, they can charge to 80% in just 10 minutes and perform well at temperatures as low as -30°C. The collaboration aims to enhance Richardson’s power management strategy by leveraging its design capabilities for developing advanced battery solutions.
Richardson Electronics, Ltd. (NASDAQ: RELL) has announced a global distribution agreement with Wakefield Thermal Management to enhance its thermal management product offerings. This partnership will expand Richardson's capabilities in providing tailored design solutions across various industries, including Power Conversion, Information Technology, and Aerospace. Wakefield has a long-standing reputation since 1957 for delivering innovative thermal solutions.
Richardson's collaboration aims to leverage Wakefield's extensive product range, including heat sinks and cooling systems, to better serve its customer base in power electronics.
Richardson Electronics (NASDAQ: RELL) has entered into a global distribution agreement with Maury Microwave, a leader in RF technology solutions. This partnership aims to enhance support for customer test challenges and expand market reach within the RF community. Maury Microwave, founded in 1957, offers a broad range of products including calibration and measurement technologies. Richardson's strategy focuses on delivering innovative solutions, capitalizing on disruptive technologies, and ensuring exceptional customer service.
