Richardson Electronics Sells Its PACS Display Business to Double Black Imaging
May 25 2017 - 5:00PM
Richardson Electronics, Ltd. (NASDAQ:RELL) today announced the sale
of its picture archiving and communication systems (“PACS”) Display
business, including the Image Systems brand, to Double Black
Imaging.
The Image Systems brand of diagnostic and clinical imaging
displays has been recognized as an industry leading display brand
for over 25 years. The Image Systems product portfolio
includes 2MP, 3MP, 5MP, and 6MP color and grayscale displays.
Included in the sale is Image Systems proprietary calibration
software, known as CFS, which is designed to simplify the
conformance and calibration of all Image Systems diagnostic and
clinical use displays. This ensures DICOM® compliance and proper
calibration throughout their life-cycle.
Double Black Imaging is a well-known, industry leading provider
of PACS displays for the diagnostic and clinical display market.
Double Black Imaging was launched in July of 2002.The company is
privately held by the Lloyd family in Colorado and Minnesota.
“Double Black Imaging shares many of the same values as
Richardson Electronics including our objective to help lower
healthcare costs. We believe the combination of these two
PACS display businesses creates a stronger competitive environment
and will be good for our diagnostic display customers. At the
same time, this sale allows Richardson Healthcare to focus on its
key initiative to expand our line of CT and MRI tubes and high
value replacement parts for the diagnostic imaging market,” said
Edward J. Richardson, chairman and CEO of Richardson Electronics,
Ltd.
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, 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.
FORWARD LOOKING STATEMENTS
This release includes certain “forward-looking” statements as
defined by the Securities and Exchange Commission. Statements in
this press release regarding the Company’s business which are not
historical facts represent “forward-looking” statements that
involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see Item 1A,
“Risk Factors” in the Company’s 2016 Annual Report on Form 10-K.
The Company assumes no responsibility to update the forward-looking
statements in this release as a result of new information, future
events, or otherwise.
Media Contact:
Wendy Diddell
Phone: 630-208-2323
Email: wendyd@rell.com
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