Richardson Electronics, Ltd. Announces Two Multi-Million Dollar Contracts for its Patented Ultracapacitor Pitch Energy Modules
Richardson Electronics (NASDAQ: RELL) has secured two multi-million dollar production contracts with major North American wind farm operators for its patented ultracapacitor pitch energy modules (PEMs). The orders, expected to ship during calendar year 2025, include the company's patented ULTRA3000® units, which are drop-in replacements for lead-acid batteries in wind turbine electric pitch systems.
The ULTRA3000® technology offers improved lifespan, reduced maintenance requirements, and lower environmental impact compared to traditional lead-acid batteries. These PEMs are important for storing and managing energy needed to adjust wind turbine blade angles for effective operation.
Richardson Electronics (NASDAQ: RELL) ha ottenuto due contratti di produzione multimilionari con importanti operatori di parchi eolici nordamericani per i suoi moduli di energia a ultracapacitori brevettati (PEM). Gli ordini, previsti per la spedizione durante l'anno solare 2025, includono le unità ULTRA3000® dell'azienda, che sono sostituti diretti delle batterie al piombo nelle turbine eoliche per il sistema di inclinazione elettrica.
La tecnologia ULTRA3000® offre una durata migliorata, minori esigenze di manutenzione e un impatto ambientale ridotto rispetto alle tradizionali batterie al piombo. Questi PEM sono importanti per accumulare e gestire l'energia necessaria per regolare gli angoli delle pale delle turbine eoliche per un'operazione efficace.
Richardson Electronics (NASDAQ: RELL) ha asegurado dos contratos de producción multimillonarios con importantes operadores de parques eólicos de América del Norte para sus módulos de energía de ultracapacitores patentados (PEM). Los pedidos, que se espera se envíen durante el año calendario 2025, incluyen las unidades ULTRA3000® de la empresa, que son sustitutos directos de las baterías de plomo en los sistemas de inclinación eléctrica de turbinas eólicas.
La tecnología ULTRA3000® ofrece una vida útil mejorada, menores requisitos de mantenimiento y un menor impacto ambiental en comparación con las baterías de plomo tradicionales. Estos PEM son importantes para almacenar y gestionar la energía necesaria para ajustar los ángulos de las palas de las turbinas eólicas para un funcionamiento eficaz.
리차드슨 일렉트로닉스 (NASDAQ: RELL)는 주요 북미 풍력 발전소 운영자와 특허받은 초커패시터 피치 에너지 모듈(PEM)에 대한 두 건의 수백만 달러 규모의 생산 계약을 체결했습니다. 2025년 일정에 맞춰 배송될 것으로 예상되는 이 주문에는 풍력 터빈 전기 피치 시스템의 납 축전지 대체품인 ULTRA3000® 유닛이 포함되어 있습니다.
ULTRA3000® 기술은 기존의 납 축전지에 비해 수명이 향상되고 유지 보수 요구사항이 줄어들며 환경에 미치는 영향이 적습니다. 이 PEM은 풍력 터빈의 블레이드 각도를 조정하는 데 필요한 에너지를 저장하고 관리하는 데 중요합니다.
Richardson Electronics (NASDAQ: RELL) a obtenu deux contrats de production de plusieurs millions de dollars avec de grands opérateurs de parcs éoliens nord-américains pour ses modules d'énergie à ultracapaciteurs brevetés (PEM). Les commandes, qui devraient être expédiées au cours de l'année civile 2025, comprennent les unités ULTRA3000® de l'entreprise, qui sont des remplacements directs pour les batteries au plomb dans les systèmes de pente électrique des éoliennes.
La technologie ULTRA3000® offre une durée de vie améliorée, des exigences d'entretien réduites et un impact environnemental moindre par rapport aux batteries au plomb traditionnelles. Ces PEM sont importants pour stocker et gérer l'énergie nécessaire pour ajuster les angles des pales des éoliennes pour un fonctionnement efficace.
Richardson Electronics (NASDAQ: RELL) hat zwei multimillionenschwere Produktionsverträge mit großen nordamerikanischen Betreiber von Windparks für seine patentierten Ultrakondensator-Pitch-Energienmodule (PEMs) gesichert. Die Bestellungen, die voraussichtlich im Kalenderjahr 2025 versendet werden, umfassen die patentierten ULTRA3000® Einheiten des Unternehmens, die als Ersatz für Blei-Säure-Batterien in elektrischen Pitch-Systemen von Windturbinen dienen.
Die ULTRA3000® Technologie bietet eine verbesserte Lebensdauer, reduzierte Wartungsanforderungen und eine geringere Umweltbelastung im Vergleich zu herkömmlichen Blei-Säure-Batterien. Diese PEMs sind wichtig für die Speicherung und Verwaltung der Energie, die benötigt wird, um die Winkel der Turbinenblätter für einen effektiven Betrieb anzupassen.
- Secured multiple multi-million dollar contracts for ULTRA3000® units
- Contracts with two of North America's largest wind farm operators
- Product offers improved lifespan and reduced maintenance compared to existing solutions
- Manufacturing capability across three countries (US, Germany, Massachusetts)
- Revenue impact deferred to calendar year 2025
- Specific contract values not disclosed
Insights
These multi-million dollar contracts represent a significant win for Richardson Electronics in the renewable energy sector. The deals with major North American wind farm operators validate RELL's ULTRA3000® technology and strengthen its market position. The revenue impact will materialize in calendar year 2025, providing clear visibility for future earnings. The company's strategic focus on green energy solutions, particularly in wind power infrastructure, positions it well in the growing renewable energy market.
The replacement of lead-acid batteries with ultracapacitor technology addresses both maintenance cost reduction and environmental concerns, potentially leading to broader adoption across the wind energy sector. With 60% of products manufactured in-house across US and German facilities, RELL maintains strong control over its supply chain and quality standards.
The ULTRA3000® ultracapacitor technology represents a significant technical advancement over traditional lead-acid batteries in wind turbine applications. The pitch control system is critical for turbine efficiency and safety and RELL's solution offers superior reliability and longevity. The drop-in replacement design minimizes installation complexity while delivering improved performance and reduced maintenance requirements.
The technology's environmental benefits extend beyond eliminating lead-acid disposal issues, as improved reliability and longer lifespan reduce the overall resource consumption and maintenance-related carbon footprint. These contracts validate the technical superiority of RELL's solution and could lead to broader adoption across the wind energy sector.
New orders are from two of the world's largest owners and operators of wind farms in North America
LAFOX, Ill., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, announced today two multi-million dollar production contracts with two of the world's largest owners and operators of wind farms in North America for Richardson’s patented ultracapacitor pitch energy modules (PEMs) and other related products. Richardson expects these orders to be shipped during the calendar year 2025.
These agreements align with Richardson Electronics' ongoing strategy to provide innovative solutions and exceptional value to global wind turbine customers. Under the terms of the agreements, Richardson Electronics will provide its patented ULTRA3000® units to numerous wind farms throughout North America.
Richardson Electronics' patented ULTRA3000® is a drop-in replacement for lead-acid batteries used in electric pitch systems within wind turbines. Pitch Energy Modules (PEMs) store and manage the energy required to adjust the blade angles to ensure the effective operation of the wind turbine. The improved life span of the patented ULTRA3000® reduces maintenance requirements and significantly reduces the environmental impact associated with lead-acid batteries.
"We are excited to secure these contracts," said Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions groups. "These partnerships further reinforce our commitment to delivering best-in-class solutions and solidify our global position as the industry leader."
These contracts reflect the Company's continued dedication to innovation, operational excellence, and customer satisfaction.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components, including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. More than
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Richardson Electronics – Green Energy Solutions
Richardson Electronics Green Energy Solutions combines our key technology partners and engineered solutions capabilities to design and manufacture key products for the fast-growing energy storage market and power management applications. As a designer, manufacturer, technology partner, and authorized distributor, GES's strategy is to provide specialized technical expertise and engineered solutions using our core design engineering and manufacturing capabilities on a global basis. 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. GES focuses on products for numerous green energy applications such as wind, solar, hydrogen, and electric vehicles and other power management applications that support green solutions such as synthetic diamond manufacturing. For more information, visit us at https://www.rell.com/greenenergysolutions/.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements 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 rellpower.com | relltubes.com | rellaser.com.
For Details Contact:
Greg Peloquin
Executive Vice President & GM
Power & Microwave Technologies and Green Energy Solutions
Phone: (630) 659-8900
peloquin@rell.com
40W267 Keslinger Road
LaFox, IL 60147-0393 USA
(630) 208-2200 | Fax: (630) 208-2550
FAQ
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