Richardson Electrs Ltd Stock Price, News & Analysis

Richardson Electronics (NASDAQ: RELL) announced the launch of its new SemiQ third-generation SiC diode modules, enhancing capabilities in power management for electric vehicles, uninterruptible power supplies, solar power, and renewable energy applications. These modules, qualified via JEDEC reliability tests, include configurations of 650V/1200V and 50A/100A, designed for high reliability and ruggedness. The modules are now available for global sampling, aiming to expand market reach and customer value.

Richardson Electronics, Ltd. (NASDAQ: RELL) has entered into a global distribution agreement with Quantum Microwave, a provider of microwave and millimeter-wave solutions. Excluding Japan, China, and Taiwan, this partnership aims to enhance market reach in RF and microwave communications, 6G, and quantum computing sectors. Quantum Microwave's products include waveguide components up to 325 GHz and cryogenic components for quantum applications. This collaboration seeks to leverage both companies' strengths in providing high-quality solutions globally.

Richardson Electronics, Ltd. (NASDAQ: RELL) has established a global distribution agreement with Signal Microwave. This partnership aims to enhance the availability of high-quality microwave connectors and test boards for applications up to 110GHz. The collaboration aligns with both companies' focus on delivering reliable products for RF and microwave communications, 5G testing, and digital applications. Both companies emphasize their commitment to quality, with Signal Microwave offering a 3-year warranty on its products.

Richardson Electronics (NASDAQ: RELL) has entered a distribution agreement with Isahaya Electronics, enhancing its product offerings in the Americas. Isahaya specializes in DC/DC converters, gate drivers, and hybrid ICs used in various critical applications such as UPS and EV charging. This partnership aims to provide optimal solutions for inverter applications utilizing IGBT modules. The gate drivers support a range from 15A to 3600A and feature improved performance metrics, aligning with Richardson's strategy of delivering comprehensive engineered solutions to its customers.

Richardson Electronics (NASDAQ: RELL) reported a 7% increase in net sales to $42.4 million for Q2 FY21, compared to Q2 FY20. Key revenue growth was observed in PMT and Healthcare segments, particularly with ALTA750™ Tube sales reaching record levels. The gross margin improved to 33.8% from 32.0% year-over-year. Operating expenses rose slightly to $13.5 million. The company achieved an operating income of $0.9 million, reversing a loss from the prior year. A quarterly cash dividend of $0.06 was announced, payable on February 24, 2021.

Richardson Electronics (NASDAQ: RELL) will release its Q2 financial results for the period ended November 28, 2020, on January 6, 2021. The results will be accessible on the company's website and through GlobeNewswire. A conference call is scheduled for January 7, 2021, at 9:00 a.m. CST, featuring CEO Edward J. Richardson and CFO Robert J. Ben, who will discuss the results in detail and answer questions. Investors can access a replay of the call later that day.

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.