Richardson Electronics, Ltd. Adds to Energy Storage Focus with AMOGREENTECH’s Lithium-Iron Phosphate Batteries

Rhea-AI Summary

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.

Positive

• Launch of energy storage systems using lithium-iron-phosphate batteries.
• Batteries feature high efficiency, long cycle life (+6,000 cycles), and quick charging (80% in 10 minutes).
• Enhanced safety with low fire and explosion risk.
• Production capabilities in Korea and the USA for better customization.

Negative

• None.

LAFOX, Ill., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announces the availability of AMOGREENTECH’s energy storage system solutions using lithium-iron-phosphate batteries.

AMOGREENTECH, a division of AMO GROUP, manufactures energy storage systems (ESS), including the new lithium-iron-phosphate (LiFePO4) batteries. The LiFePO4 is a safe battery option with a wide charge and discharge temperature range and a low risk for fire or explosion. Assembled in Korea and the USA, these LiFePO4 batteries are highly customizable and an excellent solution for any application requiring optimum energy storage and flexibility.

The benefits of AMOGREENTECH’s Energy Storage Systems include:

• High-efficiency discharge
• High energy density
• Wide effective state of charge (SOC) range
• Rapid charge to 80% capacity in 10 minutes
• Long-life
• Cycle life of +6,000
• Performance at low temperatures (including -30°C)
• On-time external monitoring by LCD monitor and SNMP port
• Safe system by alarm for overcharge / over-discharge & cutoff for each cell & whole system
• Low risk of fire or explosion
• Increased input and output current
• Effective utilization of space
• Free from harmful substances by using environment-friendly materials
  

“Due to their thermal and chemical stability, the LiFePO4 batteries are highly rated in safety and have a longer life cycle in comparison to other battery technologies currently on the market,” stated Richardson’s Greg Peloquin, Executive Vice-President, Power and Microwave Technologies Group. “AMOGREENTECH coupled with Richardson Electronics’ design capabilities will lead to further battery engineered solution products that will be designed, manufactured, and tested in our LaFox, Illinois manufacturing facility, and will further advance our power management product strategy.”

Richardson Electronics provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair on a global basis.

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; 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 Richardson Electronics – Power & Microwave Technologies

For over 70 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. With the launch of the Power & Microwave Technologies group, we continue this legacy and complement it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at www.rellpower.com.

For Details Contact:                           
Chris Marshall
CTO/VP of Marketing                                       
Phone: (630) 208-2222                         
chrism@rell.com

FAQ

What is the significance of Richardson Electronics' partnership with AMOGREENTECH?

The partnership allows Richardson to offer advanced energy storage solutions with lithium-iron-phosphate batteries, enhancing its product portfolio.

What are the benefits of the new lithium-iron-phosphate batteries announced by RELL?

Benefits include high efficiency, long cycle life, quick charging capabilities, and improved safety features.

When was the press release about the energy storage systems published?

The press release was published on November 16, 2021.

What applications are AMOGREENTECH's energy storage systems suitable for?

These systems are customizable and suitable for various applications requiring effective energy storage.

What company trades under the ticker symbol RELL?

Richardson Electronics trades under the ticker symbol RELL on the NASDAQ.