April 23, 2007 - LaFox, Illinois...Richardson Electronics, Ltd. (NASDAQ: RELL) announced today it has received a contract from Globalstar, Inc., of Milpitas, CA to produce antenna assemblies for a line of SATCOM asset tracking products. The contract represents a total of 60,000 antennas to be delivered over the next two years.
The antenna assemblies are part of a system that provides real-time voice and data services for tracking and monitoring of valuable goods and assets, such as shipping containers located on trucks, maritime vessels or docks. The RoHS-compliant, bi-directional antennas, to be deployed worldwide, are designed for operation under all weather conditions.
"This program highlights Richardson's RF engineering expertise in a newer area that complements our long-standing knowledge of the cellular industry. It is another example where we work closely with our suppliers and alliance partners to bring our customers the newest technology packaged in a cost-effective solution," said Chris Marshall, Vice President of Richardson's Wireless & Broadband Communications Business Unit.
Globalstar products and accessories provide connections in places where cellular and landlines are unavailable. Under terms of the agreement, Richardson will supply Globalstar with RF electronics for six different models of antennas to be used in land-based mobile, seaboard and fixed-use applications, such as buildings or oil rigs.
About Globalstar, Inc.
With over 250,000 activated satellite voice and data units, Globalstar offers high value, high quality satellite services to commercial and recreational users in more than 120 countries around the world. The Company's voice and data products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land-based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset tracking, data monitoring and SCADA applications.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a global provider of engineered solutions and electronic components to the RF and wireless communications, industrial power conversion, electron device, and display systems markets. Richardson designs, manufactures and distributes discrete devices, components, and assemblies used in RF and wireless infrastructure, networks, digital broadcasting, defense, and power conversion. More information is available online at www.rell.com
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