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; 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.
Our products include electron tubes and related components, microwave generators,
subsystems used in semiconductor manufacturing, and visual technology solutions.
These products are used to control, switch or amplify electrical power signals,
or are used as display devices in a variety of industrial, commercial, medical,
and communication applications.
We created a new strategic business unit called Richardson Healthcare (“Healthcare”).
As hospitals remain under pressure to reduce costs while serving a much larger
customer base, there is a growing demand for independent sources of high-value
replacement parts for diagnostic imaging. Having access to parts that are tested
and in stock enables hospitals to terminate expensive service contracts with
the Original Equipment Manufacturers (“OEM”) and instead use third
party service providers or in-house technicians. With our global infrastructure,
technical sales team, and experience servicing the healthcare market, we are
well positioned to take advantage of this market opportunity. Over time, our
plan is to expand our position from being the leader in power grid tubes to
a key player in the high-growth, high-profile healthcare industry.
Power and Microwave Technologies Group (“PMT”), launched in July
2015, combines Electron Device Group’s (“EDG”) core engineered
solutions, power grid and microwave tube business with new RF and power technologies.
As a manufacturer and authorized distributor, PMT’s strategy is to provide
specialized technical expertise and engineered solutions based on our core engineering
and manufacturing capabilities. 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. PMT’s focus is on products for power, RF and microwave
applications for customers in alternative energy, aviation, broadcast, communications,
industrial, marine, medical, military, scientific, and semiconductor markets.
PMT focuses on various applications including broadcast transmission, CO2 laser
cutting, diagnostic imaging, dielectric and induction heating, high energy transfer,
high voltage switching, plasma, power conversion, radar, and radiation oncology.
PMT also offers its customers technical services for both microwave and industrial
equipment.
Canvys provides customized display solutions serving the corporate enterprise,
financial, healthcare, industrial, and medical original equipment manufacturers
(“OEM”) markets. Our engineers design, manufacture, source, and
support a full spectrum of solutions to match the needs of our customers. We
offer custom display solutions that include touch screens, protective panels,
custom enclosures, specialized cabinet finishes, and application specific software
packages. Our volume commitments are much lower than those of the large display
manufacturers, making us the ideal choice for companies with very specific design
requirements. We partner with both private label manufacturing companies and
leading branded hardware vendors to offer the high quality liquid crystal displays,
mounting devices, and customized computing platforms.
Healthcare, included in Canvys prior to fiscal year 2015, manufactures, distributes
and services high value replacement parts for the healthcare market including
hospitals, medical centers, independent service organizations, and multi-vendor
service providers. Products include power grid tubes, hydrogen thyratrons, klystrons,
magnetrons; Image Systems medical displays and workstations for picture archiving
and communication systems (“PACS”); visual solutions for operating
rooms/surgical environments; digital radiography solutions including replacement
flat panel detectors and upgrades; and additional replacement components currently
under development for the diagnostic imaging service market. Through a combination
of newly developed products and partnerships, service offerings, and training
programs, we believe we can help our customers improve efficiency and deliver
better clinical outcomes while lowering the cost of healthcare delivery.