Richardson Electronics and Light Speed Labs Establish Joint Venture Forming VConex, LLC; VConex to Develop Security and Signage Solutions.LAFOX, Ill. -- Richardson Electronics, Ltd. (Nasdaq:RELL RELL Richardson Electronics Ltd ), a global provider of engineered solutions for the Security Systems and Public Display markets announced today the forming of a joint venture with Light Speed Labs, L.P. of Addison, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. , an engineering company specializing in the development of video technologies. The newly formed VConex, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , will develop unique and proprietary security and display solutions which will be exclusively marketed through Richardson Electronics' Security and Display Systems Divisions. "We entered into this venture to leverage Light Speed Labs' technology and build innovative products that will be focused predominantly amongst larger, national accounts such as retail and hospitality chains," stated Wendy Diddell, Vice President and General Manager for Richardson's Security Systems Division and newly appointed President of VConex. "Our goal is to provide unique network security and display solutions that take advantage of established IT infrastructures to lower ownership costs and improve functionality." The VConex engineering team will expand on proprietary technologies developed by Light Speed Labs to create new product categories which integrate video acquisition, storage, retrieval and display into single solutions with secure global data access over network infrastructures. Initially the Company will focus on network displays for public view, network digital recorders, high definition cameras and a combination of all of these products to make a complete network solution for video switching and control. VConex will also develop network recorders for security applications that can be embedded Inserted into. See embedded system. into public view displays to yield standalone display/players. About Light Speed Labs, L.P. Light Speed Labs, L.P. designs, develops, and markets integrated specialty video imaging and display products and solutions for industry and government. Light Speed Labs' technologies and designs support a progressive range of visual solutions from ultra high resolution image capture (digital sensors and cameras), audio & video signal high-speed transmission protocols and microprocessor programming to digital image recording and storage, and digital video displays (LCDs). For more information, please visit www.LightSpeedLabs.com. About Richardson's Security Systems Division The Security Systems Division (SSD See solid state disk. ) is a global provider of closed circuit television (CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television ), fire, burglary, access control, sound and communications products, and accessories for the residential, commercial and government markets. SSD specializes in design-in support, offering extensive expertise in applications requiring digital technology. SSD products are primarily used for security and access control purposes, but are also utilized in industrial applications, mobile video, traffic management, and medical and dental applications. For more information, please visit http://security.rell.com. Contact Information: Wendy Diddell 1-800-523-6910 x2323 wendyd@rell.com About Richardson's Display Systems Division The Display Systems Group (DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ) is a global provider of integrated display products and systems to the public information, financial, point-of-sale and medical imagining markets. DSG partners with leading hardware vendors to offer the highest quality liquid crystal display liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. (LCD), plasma, cathode ray tube See CRT. (hardware) cathode ray tube - (CRT) An electrical device for displaying images by exciting phosphor dots with a scanned electron beam. CRTs are found in computer VDUs and monitors, televisions and oscilloscopes. (CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. ) and customized display monitors. DSG engineers design custom display solutions that include specialized finishes, touch-screens, protective panels, custom enclosures and private branding. For more information on Richardson's Display Systems Group please visit http://display.rell.com. Contact Information: Larry Blaney 630-208-2710 larb@rell.com About Richardson Electronics Richardson Electronics, Ltd. is a global provider of "Engineered Solutions," serving the RF and Wireless Communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , Industrial Power Conversion, 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 on the World Wide Web at http://www.rell.com/investor.asp. |
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