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 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