Frequency Electronics, Inc. Announces Award of a Contract From The Office of Naval Research for Atomic Clock Development
28 9월 2021 - 5:01AM
Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM)
announces the Award of a Contract by the Office of Naval Research
to Develop the Pulsed Optically-Pumped Rubidium Atomic Frequency
Standard.
Frequency Electronics was awarded a contract to
develop the Pulsed Optically-Pumped Rubidium Atomic Frequency
Standard (POPRAFS) for US Government applications on September 23,
2021. Total potential contract value, if all options are exercised,
is approximately $17.75M. The base period of performance is two
years, with two option periods of two years and one year,
respectively.
FEI CEO Stan Sloane commented, “We could not be
more pleased to have received this contract award. The POPRAFS
technology is a game changer for atomic clocks and will result in a
significant improvement in capability over currently available
products. POPRAFS is a very high performance, high stability atomic
clock and will offer substantially better accuracy and holdover for
critical government and other applications that demand that level
of performance. This award will further broaden our product
portfolio to address the terrestrial, space, and commercial
markets.”
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 Electronic
Warfare (“EW”) sub-systems and state-of-the-art RF microwave
products. Additional information is available on the Company’s
website: www.frequencyelectronics.com
Contact information: Dr. Stanton Sloane,
President & Chief Executive Officer; Steven Bernstein, Chief
Financial Officer;
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TELEPHONE: (516) 794-4500 ext.5000 |
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WEBSITE: www.freqelec.com |
Frequency Electronics (NASDAQ:FEIM)
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Frequency Electronics (NASDAQ:FEIM)
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