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Richardson Electronics, Ltd. reports developments across engineered solutions for alternative energy and power management markets, RF and microwave products, industrial laser consumables, and custom displays for medical and industrial OEMs. Its updates commonly cover quarterly results, cash dividends, backlog and segment trends, and demand from end markets such as healthcare, semiconductor, communications, industrial, aviation, military, scientific, and marine applications.
Company news also includes product and channel activity for Canvys visual technology solutions, the LaserSlat SAVER laser-cutting maintenance product, and technology partnerships that expand RF and microwave component offerings. Richardson Electronics emphasizes design-in support, systems integration, prototype manufacturing, testing, logistics, and aftermarket technical service through its global infrastructure.
Richardson Electronics (NASDAQ: RELL) announced an exclusive partnership with Battery Street Energy to manufacture ultracapacitor-based generator start modules. These eco-friendly modules will replace hazardous lead-acid batteries in backup systems and cater to the wireless telecom sector. The ultracapacitors offer advantages such as a wider operating temperature range and up to 18 years of lifespan, significantly reducing downtime during critical power requirements. The modules will be produced at Richardson's facility in Illinois, leveraging BSE's innovative technology.
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Richardson Electronics (NASDAQ: RELL) has launched two new cryogenic components from Quantum Microwave: the QMC-CRYOTEE-0010 bias tee and the QMC-CRYOCHOKE-0010 RF choke, designed for frequencies from 3 MHz to 10 GHz. The components boast a low insertion loss of 1dB and operate effectively at temperatures as low as 10 mK, making them suitable for the quantum computing market. The introduction of these products indicates potential growth in this emerging sector, supported by advanced thermal conductivity materials.
Richardson Electronics, Ltd. (NASDAQ: RELL) introduced the FET-Jet calculator, designed by UnitedSiC, to assist engineers in optimizing SiC device selection during power design phases. The tool requires no registration and allows users to explore various application functions, including AC-DC and DC-DC converters. Key outputs include overall efficiency and junction temperature, thereby facilitating informed design decisions. Both Greg Peloquin and Chris Dries emphasize the tool's role in enhancing customer experience with SiC devices, highlighting Richardson’s commitment to innovative solutions in the power conversion market.
Richardson Electronics reported a significant increase in net sales for Q3 FY21, reaching $45.2 million, up 18.3% from the previous year. Key drivers included a 41.7% increase in Healthcare sales, fueled by demand for the ALTA750™ tubes. Gross margin improved to 34.9% due to a favorable product mix. Operating income rose to $0.3 million, with Non-GAAP operating income at $1.9 million. However, operating expenses increased by $2.8 million due to a legal settlement and higher employee costs. A quarterly dividend of $0.06 was declared, reflecting the company's financial health.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for Q3 ending February 27, 2021, on April 7, 2021. The release will be available on the company’s website. Following this, a conference call will take place on April 8, 2021, at 9:00 a.m. CDT, featuring Chairman and CEO Edward J. Richardson and CFO Robert J. Ben, who will discuss the results and engage in a Q&A session. The call can be accessed via specific dial-in numbers, with a replay available afterward.
Canvys, a division of Richardson Electronics (NASDAQ: RELL), has launched a new 15.6-inch FHD monitor tailored for industrial and medical applications. The monitor features customizable options, including touch capabilities and a sealed housing for easy cleaning, making it suitable for critical medical environments. Key specifications include a brightness of 500 cd/m², a contrast ratio of 1000:1, and viewing angles of 178 degrees. The display supports DVI, DisplayPort, HDMI, and USB-C inputs. Custom options and certifications are available for various applications.
Richardson Electronics (NASDAQ: RELL) announces the launch of Junkosha’s MWX004 interconnect cables designed for frequencies up to 145 GHz. These cables feature a patented “safety lock” to prevent damage to the center pin and are suited for 5G technology, allowing evaluation of second harmonic spurs. Offering a rapid delivery of 2-3 weeks for custom lengths, these products enhance the company’s Microwave portfolio. With over 60 years in the RF market, Richardson is positioned for growth in the evolving 5G landscape.
Richardson Electronics, Ltd. (NASDAQ: RELL) has launched Cornell Dubilier’s new high-energy storage pulse capacitors, designed for applications requiring high voltage charge/discharge cycles. These capacitors feature voltage ratings up to 100 kV and peak discharge current ratings reaching 250 kA. Customizable options include dry epoxy or oil-impregnated constructions and various terminal types. This partnership enhances Richardson's solutions for sectors like healthcare, industrial lasers, and military applications, promising optimal performance and meeting stringent customer requirements.
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.