Mimix Broadband, Inc. Selects Richardson Electronics As Global Distributor
LaFox, IL USA, October 11, 2005: Richardson Electronics, Ltd. (Nasdaq: RELL), a global provider of Engineered Solutions for the RF, Wireless and Power Conversion markets today announced it has reached an exclusive agreement with Mimix Broadband, Inc., a supplier of gallium arsenide (GaAs) semiconductors. Under the terms of the agreement, Richardson Electronics has secured exclusive global distribution rights to Mimix's diversified line of GaAs semiconductor products that span the spectrum from DC to 50 GHz.
Mimix selected Richardson as its worldwide distributor based on Richardson's global presence, inventory management expertise, technical field sales engineers, and engineered solutions that provide a total solution to its customers.
Mimix is positioned to meet the demand for increasingly higher bandwidth by providing higher frequency microwave and millimeter-wave GaAs devices used in a variety of wireless and optical applications. The addition of Mimix's GaAs semiconductors to Richardson's product offering provides customers with an expanded range of devices to meet the requirements for a variety of applications from DC to 50 GHz.
"We see significant potential for the Mimix products, including the devices that they recently acquired from Celeritek. We feel the acknowledged technological capabilities combined with the stability and outstanding marketing of Mimix will allow us to realize significant growth in the near term," stated Chris Marshall, Vice President of Richardson's Wireless & Broadband Communications Business Unit.
"Richardson's extensive team of field sales engineers enables us to provide superior customer support to address current designs and future applications," stated Rick Montgomery, CEO of Mimix Broadband. "We believe this partnership provides us with the resources to increase the breadth and depth of our customer base and capture more design wins across the globe."
About Mimix
Mimix Broadband, Inc., an ISO 9001-registered company, designs, develops and supplies high performance gallium arsenide (GaAs) semiconductors for microwave and millimeter-wave wireless communications applications. Mimix has assembled a team of world-class scientists focused on the development of state-of-the-art semiconductors for the last decade. The Company also leverages strategic partnerships for manufacturing, in order to expedite the time-to-market cycle and meet market requirements. Due in part to its recent acquisition of Celeritek, Mimix offers a highly diversified product line that serves the top tier telecom, satellite and defense companies. Mimix combines its design capabilities in complete communications systems with semiconductor device expertise to deliver innovative solutions for its customers' most challenging applications. For additional information, please visit www.mimixbroadband.com.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a global provider of ''Engineered Solutions'', serving the RF, Wireless and Power Conversion; Electron Device; Security; and Display Systems Markets. The Company delivers engineered solutions for its customers' needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available online at http://rell.com/investor.asp.
This release includes certain "forward-looking" statements as defined by the SEC. Statements in this press release regarding the Company's business which are not historical facts represent "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's annual report on Form 10-K. The Company assumes no responsibility to update the forward-looking statements in this release as a result of new information, future events, or otherwise
