Richardson Electronics and Light Speed Labs Form Joint Venture

Richardson Electronics, a provider of engineered solutions for the Security Systems and Public Display markets, will form a joint venture with Light Speed Labs, L.P. of Addison, Texas, an engineering company specializing in the development of video technologies.

The companies said the newly formed VConex, LLC, will develop security and display solutions, which will be 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 these products to make a complete network solution for video switching and control.