Richardson Electronics (RELL) Announce Exclusive North American Distribution Deal with Exxelia USA
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Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a new North American distribution agreement with Exxelia USA, Inc., a global designer and manufacturer of high-reliability passive components and high-precision electromechanical solutions. The agreement supports Exxelia Group’s efforts to increase market awareness and market share of its latest products and innovative technology.
Exxelia’s products are commonly used for power electronics, power generation, energy storage, and signal filtering functions in demanding domains such as Defense, Aviation, Space, Energy, Transportation, Medical, Telecom and other Industrial applications.
Richardson Electronics is a global channel partner for industry-leading electronic components and engineered solutions.
“Exxelia is known globally as a leader in high-performance, high-reliability passive and electromechanical products. Both of our companies focus on markets in power, RF and microwave applications. We believe we can gain significant market share with Exxelia’s components, especially the High Q ceramic capacitors, in our OEM account base in North America,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group.
“Richardson Electronics is a great addition to our growing list of partners in North America. Exxelia Group’s standard capacitor products offering along with our custom design capability and global manufacturing footprint is a natural fit with Richardson’s highly technical sales force and their commitment to early design cycle demand creation,” said Mike Thomas, President of Exxelia USA. “With both organizations focused on developing solutions for high reliability capacitor markets we expect a long lasting and successful relationship.” 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, 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 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.rellpower.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
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