Frequency Electronics Announces UFS Synthesizer Order for FEI-Elcom Tech, Inc.
08 3월 2013 - 12:52AM
Frequency Electronics, Inc. (Nasdaq:FEIM) announced that its wholly
owned subsidiary, FEI-Elcom Tech, Inc. has received a follow-on
order of approximately $3 million to provide UFS ultra low phase
noise microwave synthesizers in an Electronic Warfare threat
simulation application utilizing newly developed FEI-Elcom IF Link
Modulation Technology. Deliveries are to be completed within the
next twelve months and additional follow-on orders in subsequent
years are expected.
Derivatives of this technology will also be used in FEI-Elcom's
microwave down converters serving the ELINT market. Recent
developments include increasing the L band output to 1.8 GHz with
an IF bandwidth of 1 GHz. Additional synergies will be realized as
FEI-Elcom's product engineering team works with Frequency
Electronics to accelerate the development and qualification of Ku
and Ka band frequency converters and receivers for the satellite
payload market.
Jim Davis, CEO of FEI-Elcom, said "Leveraging the know how
across multiple product lines within FEI-Elcom and simultaneously
supporting Frequency Electronics' growth initiatives demonstrates
the innovative nature of the engineers in our product development
team. Integrating new hardware into our existing UFS synthesizer
while at the same time increasing the overall reliability of the
product reflects positively on the collaboration between our
engineering and production departments. It was truly a team effort
with our customer the ultimate beneficiary. Another benefit to our
customers, of special value in this difficult funding environment,
is the ability to upgrade our UFS installed base by applying new
capability to emerging 'chirp' applications."
About Frequency Electronics
Frequency Electronics, Inc. is a world leader in the design,
development and manufacture of high precision timing, frequency
control and synchronization products for space and terrestrial
applications. Frequency's products are used in commercial,
government and military systems, including satellite payloads,
C4ISR markets, missiles, UAVs, aircraft, GPS, secure radios, energy
exploration and wireline and wireless communication networks.
Frequency has received over 100 awards of excellence for
achievements in providing high performance electronic assemblies
for over 150 space and DOD programs. The Company invests
significant resources in research and development and strategic
acquisitions world-wide to expand its capabilities and markets.
Frequency's Mission Statement: "Our mission is to provide
precision time and low phase noise frequency generation systems
from 1 Hz to 42 GHz, for space and other challenging
environments."
Subsidiaries and Affiliates: Gillam-FEI provides expertise in
wireline network synchronization and SCADA; FEI-Zyfer provides GPS
and secure timing ("SAASM") capabilities for critical military and
commercial applications; FEI-Asia provides cost effective
manufacturing and distribution capabilities in a high growth
market; FEI-Elcom Tech provides added resources for
state-of-the-art RF microwave products. Frequency's Morion
affiliate supplies high-quality, cost effective quartz oscillators
and components. Additional information is available on the
Company's website: www.frequencyelectronics.com
Safe Harbor Statement
under the Private Securities Litigation Reform Act of
1995:
The Statements in this press release regarding the future
constitute "forward-looking" statements pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
inability to integrate operations and personnel, actions by
significant customers or competitors, general domestic and
international economic conditions, consumer spending trends,
reliance on key customers, continued acceptance of the Company's
products in the marketplace, competitive factors, new products and
technological changes, product prices and raw material costs,
dependence upon third-party vendors, competitive developments,
changes in manufacturing and transportation costs, the availability
of capital, and other risks detailed in the Company's periodic
report filings with the Securities and Exchange Commission. By
making these forward-looking statements, the Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release.
CONTACT: Alan Miller, CFO
or General Joseph P. Franklin, Chairman
TELEPHONE: (516) 794-4500
WEBSITE: www.frequencyelectronics.com
Frequency Electronics (NASDAQ:FEIM)
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