Frequency Electronics, Inc., Announces Award of Contracts for Precision Oscillators
04 9월 2019 - 5:01AM
Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM)
today announces the award of contracts for precision Voltage
Controlled Quartz Crystal Oscillators (VCXO) with an aggregate
value of approximately $8.7m.
Commenting on the award, FEI CEO, Stanton Sloane
said, “We are extremely pleased with these awards and proud of the
fact that FEI oscillators continue to be selected for their high
performance and reliability in space. We anticipate significant
future orders for this new product line.”
About Frequency
ElectronicsFrequency 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 Board
TELEPHONE: (516) 794-4500 |
WEBSITE: www.frequencyelectronics.com |
Frequency Electronics (NASDAQ:FEIM)
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