Richardson Electronics, Ltd. Announces Two Multi-Million Dollar Contracts for its Patented Ultracapacitor Pitch Energy Modules
Richardson Electronics, Ltd. (RELL)
US:NASDAQ Investor Relations:
rell.com/investor-relations
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Source: GlobeNewswire
LAFOX, Ill., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, announced today two multi-million dollar production contracts with two of the world's largest owners and operators of wind farms in North America for Richardson’s patented ultracapacitor pitch energy modules (PEMs) and other related products. Richardson expects these orders to be shipped during the calendar year 2025. These agreements align with Richardson Electronics' ongoing strategy to provide innovative solutions and exceptional value to global wind turbine customers. Under the terms of the agreements, Richardson Electronics will provide its patented ULTRA3000® units to numerous wind farms throughout North America. Richardson Electronics' patented ULTRA3000® is a drop-in replacement for lead-acid batteries used in electric pitch systems within wind turbines. Pitch Energy M
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News
- Richardson Electronics, Ltd. Announces Two Multi-Million Dollar Contracts for its Patented Ultracapacitor Pitch Energy Modules [Yahoo! Finance]Yahoo! Finance
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- 11/6/24 - Form 144
- 10/31/24 - Form 4
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