Rakon Limited (NZX:RAK) designs, manufactures and sells advanced frequency control products and timing solutions for telecommunications, space and defence, positioning, automotive, Internet of Things, AI data centres and automation applications; its core offerings include crystal resonators such as tuning fork crystals, space crystals and standard SMD crystals; oven-controlled crystal oscillators (OCXOs) including low-noise models from 80 to 125 MHz and the new RK409RBNS Ultra Stable Oscillator for space; temperature-compensated crystal oscillators (TCXOs); voltage-controlled crystal oscillators (VCXOs) and surface acoustic wave (SAW) oscillators; crystal oscillators (XOs); voltage-controlled oscillators (VCOs); and innovative technologies like XMEMS resonator technology, proprietary ASICs, Mercury+ product line and Niku semiconductor chip portfolio for AI computing. The company operates manufacturing facilities in New Zealand, France, India and China including joint ventures, with six R&D centres and customer support in ten worldwide locations; it serves Tier-1 customers in 5G networks, low Earth orbit satellites, autonomous vehicles, cloud computing, GNSS receivers, emergency beacons and missions to Mars. Founded in 1967 and headquartered in Auckland, New Zealand, Rakon employs around 870 people representing over 40 nationalities. Recent developments include the completion of a cleanroom expansion at its France Aerospace and Defence facility to support a NZ$75m+ order backlog and multi-year pipeline; receipt of a NZ$3.5m+ grant under India's Electronics Component Manufacturing Scheme for Indian operations; on-schedule ramp-up of Mercury+ high-volume production in Bengaluru India delivering cost efficiencies; launch of the RK409RBNS ultra-stable space OCXO and Niku semiconductor chips; organisational transformation with new executive appointments including permanent CFO Mark Dunwoodie in December 2024, COO Nick Pudney in January 2025 and managing directors for business units; debt facility renewal with HSBC; strong HY26 results with 30% revenue growth to $54.2m, 48.8% gross margin and $3.6m underlying EBITDA; and board changes with new directors Jon Raby and Lisbeth Jacobs alongside retirements.