Frequency Electronics, Inc. Announces the Addition of Two New Board Members
25 8월 2016 - 12:47AM
Frequency Electronics, Inc. (NASDAQ:FEIM) announced that the
size of its Board of Directors has been increased from five to
seven members, and two new board members have been appointed.
Joining the Board of Directors is Dr. Stanton D. Sloane and Dr.
Yacov A. Shamash.
Dr. Stanton D. Sloane, is a highly respected proven business
leader with extensive leadership experience in high-tech
enterprises encompassing a broad range of U.S. Government and
Department of Defense secure and classified programs.
Dr. Yacov A. Shamash, the Vice President for Economic
Development at State University of New York Stony Brook is
recognized as a brilliant innovator in advanced technology
applications.
Commenting on the appointments, Joel Girsky, the new Chairman of
the Board said, “We welcome Dr. Sloan and Dr. Shamash to our board
of directors. Our new members embody the spirit of innovation and
achievement, and bring talent, expertise and energy to the table.
They possess multi-discipline technical know-how and wide industry
and Government partnership experience. We are very fortunate to
have them on our board as we continue to augment and strengthen our
governance as well as the planning and execution of Frequency’s
future growth.”
STANTON D. SLOANE: Dr. Sloane has been President and Chief
Executive Officer of Comtech Telecommunications Corp. (Nasdaq:CMTL)
since January 2015, and a Director since January 2012. Prior to
joining Comtech, Dr. Sloane was President and CEO and a Director of
Decision Sciences International Corporation. Previously he was
Executive Vice President of Integrated Systems & Solutions at
Lockheed Martin Corporation. He began his business career with
General Electric Aerospace. Dr. Sloane holds a bachelor’s degree in
Professional Studies (Aeronautics) from Barry University, a
master’s degree in Human Resources Management from Pepperdine
University, and a Doctor of Management degree from the Weatherhead
Business School at Case Western Reserve University. He also
served as an officer in the U.S. Navy from 1976 until 1981.
YACOV A. SHAMASH: Dr. Shamash, serves as Vice President of
Economic Development at State University of New York Stony Brook.
He previously served as the Dean of Engineering and Applied
Sciences. Dr. Shamash was also the Dean of the Harriman
School for Management and Policy and the founder of the New York
State Center for Excellence in Wireless and Information Technology
at the University. Prior to joining Stony Brook University, Dr.
Shamash developed and directed the National Science Foundation
Industry/University Cooperative Research Center for the Design of
Analog/Digital Integrated Circuits and also served as Chairman of
the Electrical and Computer Engineering Department at Washington
State University. Dr. Shamash holds a Ph.D. degree in Electrical
Engineering from Imperial College of Science and Technology in
London, England.
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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