Richardson Electronics, Ltd. (NASDAQ:RELL) Q2 2023 Earnings Call Transcript

So that’s how it goes. So the other part of it is we really don’t know the upside of the GE agreement. Today, about half of the GE fleet has service contracts. That’s part of the fleet that we couldn’t address. So we virtually, with this program with GE, doubled our SAM, the market we can service. So from what I see right now, there’s only upside in terms of demand and exclusivity. As Ed mentioned, we have 2 patents on the product, which is 1 of the reasons GE has decided not to build their own or even look at building their own. So yes, just at the end of the day, like we’ve been experiencing for the last couple of years, it’s piece parts and the ability to get the supply chain to the point where we can meet the customers’ demands as they request them.

Operator: There’s no other questions in the queue. I’d like to turn the call back to Mr. Ed Richardson for closing remarks.

Ed Richardson : Thank you, Catherine. As we close out our 75th anniversary celebration, and this has been our 75th year. We’re more excited than ever about the future, as you can tell by our conversation. Please give us a call and plan to visit if you have any questions that a heck of a lot easier to show you what we do and to tell you about it. We’d love to show you our manufacturing and engineering facility, and you’re welcome to visit us at any time. We look forward to our ongoing discussions and to sharing our fiscal 2023 third quarter performance with you in April. Thanks very much. If you have further questions, give us a call.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.