Frequency Electronics, Inc.
Frequency Electronics, Inc. was founded in 1962 and is now a well-established public company in Long Island, New York, and trades on the NASDAQ Stock Exchange under the symbol FEIM. It has five wholly-owned subsidiaries: FEI Communications Inc. and FEI Government Systems Inc., located in Mitchel Field, New York; FEI-Zyfer Inc., located in Garden Grove, California; FEI-Elcom Tech Inc., located in Northvale, New Jersey; FEI-Asia Ltd., located in the free trade zone in Tianjin, China. FEI and its subsidiaries are major worldwide suppliers of Precision Time and Frequency (PT&F) products for ground, seaborne, airborne, and space terminals and platforms used by commercial and government/military systems suppliers. In the mid-1990s, the Company transformed itself from a defense contract manufacturer into a high-tech provider of precision time and frequency products used to synchronize voice, data and video transmissions in wireless communications systems. These systems are found in both ground-based stations and on-board commercial satellites. The Company also continues to support the United States government with products for defense or space applications but it will do so with more emphasis on COTS (commercial off-the-shelf) products than on contract-based projects.