Richardson Electronics ready for growth in healthcare market

Published on 5th Nov 2015

The chief executive of Nasdaq-listed electronics company Richardson Electronics (NASDAQ:RELL), says the company’s newest division – Richardson Healthcare – will be key in getting the group’s market value to his US$200mln target.

Speaking to Proactive Investors, Edward Richardson says the company is capable of producing and selling CT tubes, X-ray tubes and other diagnostic imaging parts to hospitals far cheaper than the likes of Siemens and Toshiba.

This will be a massive growth area, Richardson reckons, and will support the firm’s other units - Power & Microwave Technologies and electronic display business Canvys.

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