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Richardson Electronics, Ltd. and Integrated Power Services (IPS) Announce Partnership to Bring Patented ULTRA3000® to Key Wind Owner Operators
New partnership expands Company's growth opportunities within the Renewable Energy market LAFOX, Ill., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Richardson
About this update from Richardson Electronics, Ltd.
[{"type":"text","content":"New partnership expands Company's growth opportunities within the Renewable Energy market\nLAFOX, Ill., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy applications, is pleased to announce a partnership with Integrated Power Services (IPS) in North America. This partnership allows IPS to supply and install Richardson's patented ULTRA3000® pitch energy module to key customers in North America. The IPS Renewables Business provides single-source capabilities for fleets operating wind turbines during warranty and after warranty for the asset life of the machines. IPS engineers repair, replace, and remanufacture to minimize downtime and support run-time commitments. IPS is a distributor for key OEMs, with local, regional, and national inventories, plus a network of used and surplus equipment suppliers. Richardson Electronics' ULTRA3000® is a drop-in replacement for lead acid batteries used in electric pitch systems within wind turbines. With its true plug-and-play technology, owners can replace one battery at a time on an as-needed basis or retrofit the entire pitch system. Richardson Electronics, Ltd. is a world leader in pitch energy modules and other products that support green energy power management applications. Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions groups, stated, \"We are confident this partnership will expand growth opportunities and help bring our growing portfolio of new power management products to the wind turbine market. Our customer base and market share continue to grow for our products, and having a partner like IPS to bring these products to market to our ever-growing list of customers is key to our short and long-term growth. “Richardson is well-respected in the Renewables sector. This new partnership underscores IPS's unwavering commitment to consistently address our customers' requirements and provide effective solutions to reduce downtime,” stated Jason McDonald, IPS Senior Vice President of Renewables Business. \"We are optimistic that this partnership will open avenues for growth and facilitate the introduction of our expanding range of innovative products to the wind turbine market.\" About Richardson Electronics, Ltd. Richardson ...