Frequency Electronics, Inc., Announces it Has Delivered Its Fourth in a Series of Wide Area Augmentation Systems (WAAS)
29 8월 2019 - 10:00PM
Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM)
announced today that it has delivered its fourth in a series
of Wide Area Augmentation System (WAAS) Timing and Frequency
Conversion systems to Northrop Grumman Innovation Systems, Inc.,
subcontractors on the 7th Generation geostationary earth orbit
satellite (GEO 7) task order. Consisting of dual redundant
C-to-L band down converters and triple redundant ultra-stable
quartz oscillators, the system enables the delivery of precision
navigation information to aircraft and is scheduled to be launched
in 2020 aboard the Intelsat Galaxy 30 satellite. WAAS is
an air navigation aid developed by the Federal
Aviation Administration to augment the Global
Positioning System (GPS), with the goal of improving its
accuracy, integrity, and availability. WAAS enables precision
instrument approach capability for aircraft in all weather,
critical for safe and efficient operations in the US airspace
system.
Commenting on the delivery, FEI CEO Stan Sloane
said, “We are very pleased to provide an important part of the WAAS
capability and of our continuing involvement in this crucial
national program with Northrop Grumman Innovation Systems Inc.”
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 government, military and
commercial, systems including C4ISR, EW, missiles, UAVs, aircraft,
secure communications, energy exploration and wireline and wireless
communication networks. With over one thousand systems
delivered to defense department and commercial customers, Frequency
has received more than 100 awards for excellence in providing high
performance electronic assemblies for over 150 space and DOD
programs. The Company invests significant resources in
research and development 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 50 GHz, for space and other challenging
environments.”
Subsidiaries and Affiliates: FEI-Zyfer provides
GPS and secure timing ("SAASM") capabilities for critical military
and commercial applications; FEI-Elcom Tech provides sub-systems
for Electronic Warfare (“EW”) and added resources for
state-of-the-art RF microwave products. 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:Stanton Sloane, President, Chief Executive
Officer, Steven Bernstein, Chief Financial Officer, Martin Bloch,
Executive Chairman of the BoardTELEPHONE: (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