Frequency Electronics Inc. Announces Orders for FEI-Elcom Tech Advanced Microwave Synthesizer Sub-Systems
09 2월 2017 - 12:06AM
Frequency Electronics, Inc. (NASDAQ:FEIM) announced today that
since the second quarter of fiscal 2017, its wholly owned
subsidiary FEI-Elcom Tech has received over $5 million dollars in
funded orders and related requirements contracts, on a sole source
basis, to supply advanced synthesizer sub-systems for US Air Force
and US Navy end use.
These Elcom synthesizer products incorporate
fast switching, very low phase noise, proprietary technology
employed in EW (electronic warfare) and ELINT (electronic
intelligence) applications including threat simulation and missile
defense.
Jim Davis, President of FEI-Elcom Tech,
commented: “We are especially pleased at this time to have
received these orders in support of important US Air Force and Navy
programs because these programs, along with many others, have for
an extended period been subject to budget processing delays.
Now, shipments are to begin this month, February 2017."
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
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