Leverages global technical sales team to help advance capacitor technology for new applications
LaFox, IL, Wednesday, August 5, 2015 – Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a new global distribution agreement with Cornell Dubilier Electronics (CDE), a manufacturer of quality, high-performance capacitors used in demanding industrial applications. The agreement aligns with CDE’s efforts to advance capacitor technology for new applications, with Richardson Electronics’ global sales team supporting these new opportunities.
Founded in 1909 and now a leading manufacturer of capacitors for the power electronics market, CDE has been dedicated to advancing capacitor technology for new applications, including wind and solar power, electric vehicles, aerospace and telecom. Today it serves more than 35,000 customers.
Richardson Electronics is a global channel partner for world-class electron devices, power electronics, and RF & microwave components.
“We are pleased to partner with Cornell Dubilier, an industry leader with a rich history of providing high-performance capacitors,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group. “CDE continues to develop and produce unique capacitor solutions for next generation applications that align well with our focus markets and enables the discovery of new opportunities with customers worldwide.”
“Richardson Electronics compliments CDE’s strategy for identifying new customers that are designing applications using innovative technologies,” stated Sam Read, Global Sales Manager of CDE. “Richardson’s technical sales team helps develop solutions and provides exceptional global support—making them an ideal partner.”
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; 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 at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Cornell Dubilier Electronics
Since its founding in 1909, Cornell Dubilier has been dedicated to advancing capacitor technology for new applications. The global company combines innovative products with engineering expertise to provide reliable solutions for inverters, wind and solar power, electric vehicles, power supplies, motor drives, HVAC, motors, welding, aerospace, telecom, and UPS systems. Cornell Dubilier has ISO-9001 certified manufacturing and distribution facilities in Liberty, SC; New Bedford, MA; Mexicali, Mexico and Shanghai, China.