Richardson Electronics, Ltd. Signs Exclusive Manufacturing and Distribution Agreement with Battery Street Energy
May 04 2021 - 11:00AM
Richardson Electronics, Ltd. (NASDAQ: RELL) announced today an
exclusive manufacturing and global distribution agreement with
Battery Street Energy (BSE) to manufacture ultracapacitor-based
engine start modules for use in various markets and applications
including the wireless telecom industry and in critical facilities.
In collaboration with BSE, Richardson Electronics will be
manufacturing these modules using BSE’s patent-pending technology
in its 250,000 square foot facility located in LaFox, Illinois.
These new ultracapacitor generator start modules are an
eco-friendly drop-in replacement for hazardous lead-acid batteries
used in backup generators and related equipment. The
ultracapacitors provide a larger operating temperature range,
predictable end-of-life, and with over one million charge/discharge
cycles, will outlast conventional lead-acid batteries by up to 18
years. This reduces downtime for applications where power
requirements are critical.
“With the exceptionally successful launch of our ULTRA3000®
power modules for wind turbines, we are thrilled to expand our
product portfolio with these generator start modules,” said Greg
Peloquin, Executive Vice President of Richardson Electronics’ Power
& Microwave Technologies group. “The team at BSE is a
remarkable group of design engineers and marketing professionals.
We look forward to partnering with them to bring these products to
market.”
"Given Richardson Electronics’ world class operation, reputation
and global reach, all of us at BSE are thrilled at the opportunity
to bring some of our IP to life," said Peter Bocek, President of
Battery Street Energy. "The Richardson sales, engineering and
management team are first class professionals, exceptionally
experienced and enthusiastic partners. We are excited to
collaborate with them going forward."
For technical support, a quote, and/or general inquiries, please
contact 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.
About Richardson Electronics – Power
& Microwave Technologies
For 70 years, Richardson Electronics has been
your industry-leading global provider of engineered solutions, RF
& microwave, and power products. With the launch of the Power
& Microwave Technologies group, we continue this legacy and
complement it with new products from the world’s most innovative
technology partners. Richardson Electronics’ Power & Microwave
Technologies group focuses on what we do best: identify and design
disruptive technologies, introduce new products on a global basis,
develop solutions for our customers, and provide exceptional
worldwide support. As a global company, we provide solutions and
add value through design-in support, systems integration, prototype
design and manufacturing, testing, logistics, and aftermarket
technical service and repair—all through our existing global
infrastructure. More information is available at
www.rellpower.com.
About Battery Street Energy,
Inc.
Battery Street Energy provides energy solutions,
products and services to the telecommunications industry based on
more than 30 years’ experience, of cell site and outside plant
(OSP) design, tower engineering, technical standards, installation
and products to all major wireless carriers and tower companies
operating in the USA.
Battery Street Energy designs, manufactures and
integrates DC power solutions and battery technology for wireless
infrastructure. Solutions are ideally suited to meet evolving power
needs while supporting legacy networks, and rapidly evolving 5G
deployment. Since 2009, Battery Street Energy has developed a range
of integrated products utilizing a problem solving,
customer-centric approach and targeted
applications.
Battery Street Energy has also positioned energy
solutions and battery technology for use in small scale commercial,
industrial and infrastructure facilities. These solutions are a
perfect fit for a wide range of market opportunities including
other stationary standby and transportation (aviation and marine)
applications. More information is available at
www.batterystreetenergy.com.
For Details Contact:
Chris MarshallCTO/VP of
Marketing
Phone: (630)
208-2222
chrism@rell.com
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