Richardson Electronics, Ltd. Strengthens Renewable Power Generation Resources in the USA

Rhea-AI Summary

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.

Positive

• Appointment of Joshua Borders as business development manager.
• Expansion of product lines in renewable power generation.
• Strong demand for Ultra3000 series indicated.

Negative

• None.

LAFOX, Ill., March 08, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) is pleased to announce Joshua Borders as a new business development manager for the Power & Microwave Technologies division. As Richardson Electronics further expands its product lines in the renewable power generation industry, Josh will be responsible for promoting and supporting the rapidly growing demand for our patent-pending Ultra3000^® Series to wind farm operators and other customers looking to extend the reliability and life of battery systems with ultracapacitor module solutions.

Josh joins Richardson Electronics with over ten years of expertise in technical and project management roles within the renewable energy industry. He spent many years working with engineers and vendors to procure more cost-effective and reliable components for wind turbine generators. Josh played a significant role in the early adoption and rollout of ultracapacitor-based pitch energy backup for wind turbines. His strong relationships and technical skills will make him an integral part of our growth strategy.

“We are having great success in our Power Management strategy. As our backlog and new products continue to grow, we are excited to welcome Josh to Richardson Electronics. With his hands-on experience, he will be a valuable addition to our team to help drive the expansion and growth of our renewable power generation product line,” said Greg Peloquin, EVP, Power, and Microwave Technologies.

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. 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.

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.

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

FAQ

Who is Joshua Borders and what is his role at Richardson Electronics?

Joshua Borders is the new business development manager for the Power & Microwave Technologies division at Richardson Electronics, focusing on the Ultra3000 product line.

What is the Ultra3000 series and its significance for Richardson Electronics?

The Ultra3000 series is a patented product designed to extend the reliability and life of battery systems, primarily targeting wind farm operators.

When was Joshua Borders appointed at Richardson Electronics?

Joshua Borders was appointed on March 8, 2021.

What experience does Joshua Borders bring to Richardson Electronics?

Borders has over ten years of expertise in technical and project management roles within the renewable energy sector, particularly in ultracapacitor technology.

What is Richardson Electronics' focus in the renewable energy sector?

Richardson Electronics is expanding its product lines in renewable power generation, particularly focusing on innovative solutions for battery systems.