Richardson Electronics, Ltd. Signs Exclusive Manufacturing and Distribution Agreement with Battery Street Energy
Generator Start Module Solution for Wireless Telecom Industry
May 04, 2021 11:00 ET | Source: Richardson Electronics, Ltd. Richardson Electronics, Ltd. Lafox, Illinois, UNITED STATES
LAFOX, Ill., May 04, 2021 (GLOBE NEWSWIRE) 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.
Richardson Electronics (RELL) Signs Exclusive Manufacturing and Distribution Agreement with Battery Street Energy
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Richardson Electronics, Ltd Signs Exclusive Manufacturing and Distribution Agreement with Battery Street Energy
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BAE Systems Honors Richardson Electronics, Ltd with a Gold Tier Supplier Award
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Based on Richardson Electronics’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $45.24 million and quarterly net profit of $228K. In comparison, last year the company earned revenue of $38.25 million and had a GAAP net loss of $93K. The company has a one-year high of $8.39 and a one-year low of $3.75. Currently, Richardson Electronics has an average volume of 247.56K.
In the last 30 days, insiders have sold $34.23K worth of RELL shares and purchased $109.2K worth of RELL shares.
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