Richardson Electronics, Ltd. Selected to Manufacture Power Supply for C-Motive's New ZeroMag® Electrostatic Motor

About this update from Richardson Electronics, Ltd.

Richardson to provide engineering and manufacturing services supporting commercial production in 2027 LAFOX, Ill., July 08, 2026 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for power, microwave, and energy storage applications, today announced it has been selected by C-Motive Technologies as its manufacturing partner to support the commercialization of C-Motive's innovative ZeroMag® motor platform and Cascade H-Bridge medium voltage drive system. Under the agreement, Richardson Electronics will provide design-for-manufacturing (DFM), engineering support, Alpha and Beta pilot production, production test development, quality planning, regulatory support, and volume manufacturing services for C-Motive's proprietary motor drive controller to prepare for commercial production beginning in calendar 2027. C-Motive's patented ZeroMag motor technology uses electrostatic forces rather than permanent magnets to generate torque, eliminating the need for rare-earth magnets and significantly reducing copper content compared to conventional electric motors. Designed for stationary industrial applications, including direct-drive conveyor systems and high-volume, low-speed (HVLS) fans, the technology is intended to deliver the performance of permanent-magnet direct-drive motors while reducing material costs and supply chain risk. The addressable market for high-torque, low-speed motors in material handling and conveyance systems is estimated to be nearly $3 billion. Manufacturing activities will be conducted primarily at Richardson Electronics' headquarters and manufacturing facility in LaFox, Illinois, leveraging the Company's expertise in electro-mechanical assembly, production process development, advanced testing, and global supply chain management. The engagement also includes the development of production-ready quality systems and test processes to support C-Motive's planned production ramp. "We are excited to partner with C-Motive Technologies as it advances its innovative motor platform toward commercialization," said Greg Peloquin, Executive Vice President and General Manager of Richardson Electronics' Power & Microwave Technologies and Green Energy Solutions groups. "Our team brings deep expertise in design-for-manufacturing, advanced power electronics, and scalable production. We look forward to helping C-Motive transition its technology from development to commercial manufacturing and supporting its growth in the years ahead."

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