Frequency Electronics Inc. Awarded High Throughput Satellite Payload Contract
25 5월 2016 - 11:30PM
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a
contract in excess of $5 million to supply master timing and
frequency generation systems for a high throughput satellite.
The satellite will operate at Ka band with extremely high
throughput along with enhanced bandwidth flexibility and economy to
meet dual Government mobile bandwidth and other commercial demand.
Frequency’s ultra-stable timing sources combined with exceptionally
low noise frequency generators enable the outstanding performance
of the payload. Work on this satellite and other payload
projects, as previously reported, had been anticipated to commence
in 2015. The contract now calls for completion in under 18
months.
Commenting on the award, Martin Bloch, CEO said:
“This new contract is another example of awards we originally
expected last year but which ‘moved to the right.’ It is for a very
advanced satellite payload using Frequency’s unique proprietary low
phase noise and low G technology to achieve high throughput
capacity. We see great opportunity in the growing demand for
high throughput capacity from Commercial and Government users,
especially for mobile broadband and high-definition video.”
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
satellite payloads and in other commercial, government and military
systems including 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 46 GHz, for space and other challenging
environments.”
Subsidiaries and Affiliates: Gillam-FEI provides
expertise in network synchronization and monitoring; FEI-Zyfer
provides GPS and secure timing ("SAASM") capabilities for critical
military and commercial applications; FEI-Asia provides cost
effective manufacturing capabilities; 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 information:
Martin B. Bloch, President and CEO:
Telephone: (516) 794-4500
WEBSITE: www.frequencyelectronics.com
Frequency Electronics (NASDAQ:FEIM)
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