Frequency Electronics Announces the ELECTION of RUSSELL SARACHEK as CHAIRMAN of the BOARD of DIRECTORS
13 3월 2020 - 5:03AM
Frequency Electronics, Inc. (NASDAQ: FEIM), announces the election
of Russell Sarachek as Chairman of the Board of directors. Mr.
Sarachek has served as a Director of the Company since August 2016.
He is also currently Managing Director of Contra Capital, LLC,
serving in that capacity since 2002. In addition to his in-depth
knowledge of Frequency Electronics, Mr. Sarachek has broad
knowledge in public company governance practices, as well as
extensive aerospace and defense industry expertise.
FEI CEO, Stanton Sloane, commented, “I welcome
Russell to the Chairman position and look forward to working with
him and the board as we move FEI to a new era. He brings a wealth
of experience and a fresh perspective to the company that will be
value added.”
Mr. Sarachek added, “I am extremely pleased to
step into the Chairman position. Frequency has an unparalleled
expertise in precision time for space and terrestrial applications,
which has never been more relevant or important to the nation and
our allies in dealing with growing global threats. It is a
privilege to serve as Chairman of the Board and support the company
as it transitions to a new era in its history.”
About Frequency Electronics
Frequency Electronics, Inc. is a world leader in
the design, development and manufacture of high precision timing,
frequency generation and RF control products for space and
terrestrial applications. Frequency’s products are used in
satellite payloads and in other commercial, government and military
systems including C4ISR and electronic warfare, missiles, UAVs,
aircraft, GPS, secure communications, energy exploration and
wireline and wireless 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 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 state-of-the-art RF microwave
products. Additional information is available on the Company’s
website: www.frequencyelectronics.com
Contact information: Stanton Sloane,
President & Chief Executive Officer; Steven Bernstein, Chief
Financial Officer;
TELEPHONE: (516)
794-4500 ext.5000
WEBSITE:
www.freqelec.com
Frequency Electronics (NASDAQ:FEIM)
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