Frequency Electronics Inc. Awarded $5 Million Plus Order for Secure Communication Equipment
03 11월 2016 - 11:00PM
Frequency Electronics, Inc. (NASDAQ:FEIM) has received an order in
excess of $5 million for secure communications equipment. The
equipment provides a highly reliable solution to enhance command
and control communications in a large US Department of Defense
program. The solution incorporates the timing systems
expertise of FEI-Zyfer, Frequency’s California subsidiary, along
with FEI’s core state-of-the-art precision time and time interval
technology. FEI-Zyfer will produce the equipment to be
supplied. It consists of numerous units utilizing a proven
design. The design is readily amenable to manufacturing in
volume. The units ordered are expected to be delivered during
calendar 2017.
Commenting on the award, Martin Bloch CEO said:
“This order is a sign that FEI is getting traction in our large
secure communications business opportunity. Under the
contract we supply unique equipment which protects command and
control communications at multiple military installations. It
more than meets mission goals, is affordable, and is designed for
volume production. Furthermore, this equipment is based on
and relies heavily on proprietary advanced FEI timing and Low G
technology.“
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)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Frequency Electronics (NASDAQ:FEIM)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024