Richardson Electronics, Ltd. Agrees to Acquire International Medical Equipment and Service, Inc. (IMES)

Richardson Electronics, Ltd. (NASDAQ: RELL) today
announced  the  signing  of  a  definitive  agreement  to  acquire  the  assets  of  International  Medical Equipment  and  Service,  Inc.  (IMES). IMES  is  the  first  acquisition completed by  Richardson Healthcare,  the division  of  Richardson  Electronics  focused  on high-value  components  and replacement parts for the diagnostic imaging market.

International  Medical  Equipment  and  Service,  Inc.  (IMES),  based  in South  Carolina, provides reliable, cost-saving solutions worldwide for major brands of CT and MRI equipment. This acquisition positions Richardson Healthcare to   provide cost effective diagnostic imaging replacement parts and training to hospitals, diagnostic imaging centers, medical institutions, and independent service  organizations. With more  than  10  years  of  experience, IMES  offers  an extensive selection of replacement parts, as well as an interactive training center, on-site test bays and experienced technicians who provide 24/7 customer support.Replacement parts are readily available and triple tested
to provide peace of mind whenuptime is critical.

“IMES  brings  extensive  expertise  in  diagnostic  imaging  replacement  parts,  training  and support,” said Pat Fitzgerald, EVP and General Manager of Richardson Healthcare. “We look forward  to  working  with  Trey McIntyre  and  his  team  to  bring  cost  effective replacement  parts to Richardson customers around the world, and to selling Richardson Healthcare’s range of products including PACS displays, flat panel detectors and replacement tubes to IMES’ traditional customer base.”

Trey  McIntyre,  President  of  IMES,  said, “This  is a  great benefit  for  our  customers  who depend on our leading quality and support. Equally as importantto us, Richardson Healthcare is building an incredible team packed with expertise and experience; the team is a natural fit with our own dedicated staff. We  are  excited  because  we  know  that  with the expanded  reach  and  new capabilities Richardson provides, we can better serve our customers.”

IMES core operations will remain in South Carolina.  Richardson Healthcare will expand its replacement parts and training offerings geographically leveraging Richardson Electronics’global infrastructure.

About Richardson Electronics, Ltd.

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, 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 online at www.rell.com. Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

About Richardson Healthcare

Richardson Electronics Healthcare provides flexible, efficient high-value diagnostic imaging replacement parts, components, and technical support to hospitals, diagnostic imaging centers, medical institutions, independent service organizations and more. We have a focused product selection of diagnostic imaging components and displays, as well as robust in-house manufacturing capabilities. In addition, we provide complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.rellhealthcare.com.

APEI and Richardson Electronics Sign Global Distribution Agreement to Expand Accessibility and Support of Industry-Leading Wide Bandgap Products

APEI of Fayetteville, Arkansas, a world leader in wide bandgap packaging and design, announced today that it finalized a global distribution agreement with Richardson Electronics, Ltd. (NASDAQ: RELL). Richardson Electronics is a global provider of engineered solutions and a leading distributor of electronic components. This agreement will support the expansion of APEI’s products into new markets and applications as the demand for wide bandgap products continues to accelerate.

“The APEI and Richardson Electronics partnership helps expand the accessibility of our products and services to broader markets, as technology manufacturers seek to design systems with increased power-density, smaller size, and higher efficiency to meet their next-generation performance requirements,” said APEI’s CEO Alex Lostetter. “Richardson Electronics draws from its own engineering and manufacturing capabilities to provide technical expertise and value-added solutions to high performance markets. Richardson and APEI are forming a strong partnership, based on the shared philosophy that customers should receive high-quality technical support throughout the duration of the design-in process – from prototyping to full-scale production.”

Chris Marshall, CTO of Richardson Electronics’ Power and Microwave Technologies Group, responded, “APEI is a technology leader in GaN and SiC high power modules, offering dramatic size and weight reductions along with the ability to operate at extreme temperatures. We expect them to be a key strategic partner in our push into global power conversion markets, lining up with our new portfolio of GaN and SiC components, IGBTs, high power capacitors and ultracaps. APEI’s strong portfolio of SiC and GaN optimized products affords system designers a previously unimaginable level of performance.”

“Both of our core business philosophies and customers are complementary, which provides us with excellent potential for rapid expansion into new market sectors,” commented Dr. Ty McNutt, Director of Business Development for APEI. “APEI is known for its innovative design philosophies, and it is extremely important that any representation of our brand shares this approach to technology, which Richardson Electronics demonstrates with their long-standing industry reputation.”

About APEI

APEI was founded in 1997, with a mission to utilize wide bandgap devices to make industrial motor drive systems smaller, lighter, and more efficient than ever before. Over the past 18 years, APEI has grown into an industry-leading designer, developer, and manufacturer of electronics solutions for high performance applications. Through the use of its wide bandgap optimized design philosophy, APEI offers standard and custom product lines that redefine the capabilities of modern power electronics. In addition to APEI’s product offerings, they also provide engineering services for Switched-Mode Power Conversion, Motor Drives & Electric Utility Applications, and Extreme Environment Systems, plus quick-turn manufacturing and testing services.

About Richardson Electronics

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; other power and microwave components; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, aviation, broadcast, communications, healthcare, 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. 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 online at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Media Contact:

Julie Teinert
Director, Strategic Marketing
Richardson Electronics, Ltd.
jteinert@rell.com
469-344-8812

Richardson Electronics Announces Retirement of Chief Financial Officer

LaFox, IL, May 29, 2015:Richardson Electronics, Ltd. (NASDAQ: RELL) today announced that Kathleen S. Dvorak will be retiring as the company’s Executive Vice President and Chief Financial Officer once a successor is named.

“Kathy joined Richardson Electronics in 2007 during a very challenging period for the company. During her tenure, she has been instrumental in helping the company significantly reduce its operating expenses. In addition to serving as a member of the Executive team, Kathy has driven many important initiatives at Richardson including: identifying and implementing global cost
saving initiatives, implementing metrics for working capital management and developing and deploying our new IT system. I would personally like to thank Kathy for her contributions during her eight years at Richardson.  She has earned the respect of her colleagues, our Board of Directors and our shareholders.  Kathy has agreed to stay as we search for her replacement and to ensure a smooth transition of her responsibilities, ” said Edward Richardson, Chairman, Chief Executive Officer and President.

About Richardson Electronics, LTD.

Richardson Electronics,  Ltd. is  a  leading global provider of engineered solutions, power grid  and  microwave  tubes  and  related  consumables,  and  customized  display  solutions  serving customers  in  the  alternative energy,  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. More information is available online at
www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Canvys Announces ISO 13485 Certification

LaFox, Illinois – April 8, 2015… Canvys®, a division of Richardson Electronics (NASDAQ: RELL), announced today that its North American Facility in Marlborough, MA has been awarded ISO 13485:2003 for its quality management system.

The certification of compliance with ISO 13485 recognizes that Canvys’ policies, practices and procedures ensure our ability to deliver consistent quality medical devices and related services. With this certification, our customers can be confident that Canvys is dedicated to maintaining the highest level of quality, efficiency and responsiveness required by the medical community.

“Today many of our customers are medical equipment manufacturers who must meet very strict technical, functional and regulatory requirements.  Having both Canvys North America and Canvys Europe achieve ISO13485 certification demonstrates our ongoing commitment to achieve the highest level of quality, and further distinguishes Canvys as a global, premier provider of custom display solutions,” said Wendy Diddell, Executive Vice President and General Manager, Canvys.  “The Marlborough team worked extremely hard to achieve this certification and we look forward to sharing this success with our customers.”

About ISO 13485: 2003

ISO 13485: 2003 is an international standard, globally recognized for establishing quality management systems that consistently meet customer and regulatory requirements for safe and effective medical devices. ISO 13485 is based on quality management principles that have been proven to enhance organization performance. These principals relate to customer focus, management, internal processes and external relationships.

About Canvys – Visual Technology Solutions

Canvys, a Division of Richardson Electronics, Ltd. (NASDAQ: RELL) is a global value- added integrator and manufacturer that specializes in creating comprehensive visual technology solutions for Original Equipment Manufacturers (OEMs).  Our collaborative approach allows us to evaluate each customer’s unique needs and craft the right solution using custom engineering, value-added outsourcing, or modified off-the-shelf components. In addition, we provide complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.canvys.com.

About Richardson Electronics, Ltd.

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel 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 online at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Richardson Electronics Announces Date of Third Quarter Fiscal 2015 Conference Call

LaFox, IL, Wednesday, April 1, 2015: Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its third quarter ended February 28, 2015, after the close of business on Wednesday, April 8, 2015. The release will be distributed by Business Wire and will be available on the Company’s website at www.rell.com.

On Thursday, April 9, 2015, at 9:00 a.m. CT, Edward J. Richardson, Chairman and Chief Executive Officer, and Kathleen S. Dvorak, Chief Financial Officer, will host a conference call to discuss the Company’s third quarter fiscal 2015 results. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial (888) 339-2688 and enter passcode 24886741 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:59 p.m. CT on April 9, 2015, for seven days. The telephone numbers for the replay are (USA) (888) 286-8010 and (International) (617) 801-6888; passcode 54585568.

About Richardson Electronics

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables, and customized display solutions serving customers in the alternative energy, 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. More information is available online at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Richardson Electronics Announces Date of Second Quarter Fiscal 2015 Conference Call

LaFox, IL, Monday, December 29, 2014: Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its second quarter ended November 29, 2014, after the close of business on Wednesday, January 7, 2015. The release will be distributed by Business Wire and will be available on the Company’s website at www.rell.com.

On Thursday, January 8, 2015, at 9:00 a.m. CT, Edward J. Richardson, Chairman and Chief Executive Officer, and Kathleen S. Dvorak, Chief Financial Officer, will host a conference call to discuss the Company’s second quarter fiscal 2015 results. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial (888) 339-2688 and enter passcode 33009289 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:59 p.m. CT on January 8, 2015, for seven days. The telephone numbers for the replay are (USA) (888) 286-8010 and (International) (617) 801-6888; passcode 69945400.

About Richardson Electronics

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables, and customized display solutions serving customers in the alternative energy, 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. More information is available online at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Richardson Healthcare Launches Artpix™ EZ2GO at RSNA 2014

LaFox, Illinois – December 1, 2014… Richardson Healthcare announced today at the 100th annual RSNA Meeting the latest new product addition to its portfolio – the Thales Artpix™ Mobile EZ2GO.

The EZ2GO is a wireless digital radiography detector that is linked to a rugged portable tablet. It is an ideal Computed Radiography (CR) to Direct Radiography (DR) solution for Radiology departments because a generator or system interface is not required. Everything is managed via a tablet and a wireless connection. This solution allows users to import a work list, acquire an image, post process and send final images to a Picture Archiving Computer System (PACS).

Richardson Healthcare is applying its in house team of engineering and product development resources to develop a variety of DR system retrofits and upgrades. Richardson has partnered with Thales, a leader in flat panel detector technology, for wired and wireless detectors, including the new ArtPix EZ2GO solution.

“Richardson believes EZ2GO is a game changer in the DR market. It’s completely portable and can be used with any existing X-ray equipment,” commented Pat Fitzgerald, Executive Vice President and General Manager of Richardson Healthcare. “This product aligns with Richardson Healthcare’s objective to bring cost effective solutions to hospitals and other healthcare providers.”

Featuring Thales’ best-in-class Pixium 3543EZ and 2430EZ portable wireless detectors, the Artpix EZ2GO offers many advantages including:

  • Easy upgrade from CR to DR.
  • Auto detection capability makes for a Plug and Play solution, ready for immediate use with no need for a generator or system interface.
  • The system is ultra-portable featuring the world’s lightest wireless flat panel detectors available today.
  • Waterproof, rugged detector built to withstand the toughest environments.
  • The only detector on the market to include a two year drop warranty at no additional charge.

See the Artpix EZ2GO at RSNA 2014 November 30 through December 5, in the Richardson Healthcare Booth # 6907 (North Building Hall of McCormick Place, Chicago, Illinois). For more information about this product and other flat panel detectors, visit our new website www.rellhealthcare.com.

About Richardson Healthcare

Richardson Electronics Healthcare provides flexible, efficient high-value diagnostic imaging replacement parts, components, and technical support to hospitals, diagnostic imaging centers, medical institutions, independent service organizations and more. We have a focused product selection of diagnostic imaging components and displays, as well as robust in-house manufacturing capabilities. In addition, we provide complete post-sale service and support, including installation support, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.rellhealthcare.com.

About Richardson Electronics, Ltd.

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel 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 online at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.