It was released, on the Virgin label, in 1975. It consists of two side-long compositions mixed from studio recordings and the UK portion of their August–October 1975 European Tour. The sound of the album is similar to that of the group's other "Virgin Years" releases, relying heavily on synthesizers and sequencers to produce a dense, ambient soundscape, but is much more energetic than their previous works. "Ricochet" uses more percussion and electric guitar than its predecessors "Phaedra" and "Rubycon", and borders on electronic rock. The main innovation on the album is the use of complex, multi-layered rhythms, foreshadowing the band's own direction in the 1980s and trance music and similar genres of electronic dance music. According to the official "In Search Of Hades" boxed set, Part 1 was entirely recorded at The Manor Studio in England. The opening synthesizer line was based on the opening of the show at the Fairfield Halls in Croydon, but was rerecorded for the album. The rest of Part 1 was entirely created in-studio by the band from several improvised sessions. Most of Part 2 was recorded at Croydon during Tangerine Dream's live performance there on 23 October 1975. The original, unedited version of this performance can be heard in set 3 of "The Bootleg Box Set Vol. 1". No other concerts were recorded for the Ricochet album. The piano solo at the beginning of Part 2 was recorded by Edgar Froese on an old upright piano at The Manor Studio. Immediately after the Croydon concert the band brought a four-track recording of the show to The Manor. Each band member's equipment rig had been recorded on a single channel, and a fourth channel was used for an audience mic to capture crowd noise and overall ambience. The band selected two roughly eight-minute sections from the performance and edited down the individual parts performed by the band members in those sections, mixing each bandmember's parts in and out and panning the tracks to simulate a stereo field. A brief vocal-effects section serves as a bridge between the two live excerpts, which were extracted from different sections of the Croydon performance. After the Top 20 placings for "Phaedra" and "Rubycon", "Ricochet" fared less well in sales, spending four weeks on the UK album chart, (all editions of the now defunct "British Hit Albums" erroneously state only two), reaching number 40. In the original release of "Ricochet", the sound of two hands clapping can be heard at the beginning of the second track.