Frequency Electronics Appoints Auditors for Fiscal Year 2009

MITCHEL FIELD, N.Y., Aug. 5, 2008 (PRIME NEWSWIRE) -- Frequency Electronics,
Inc. (Nasdaq:FEIM) announced today that its Audit Committee has appointed Eisner
LLP to be the Company's auditors for the Fiscal Year ending April 30, 2009.
Eisner is an independent public accounting firm with offices in New York City
and Melville, Long Island. The firm is registered with the Public Companies
Accounting Oversight Board (PCAOB) under the Sarbanes-Oxley Act of 2002. The
firm was founded in 1963 and is a member of the SEC and Private Companies
Practices Section of the American Institute of Certified Public Accountants
(AICPA). Eisner is a member of the Baker Tilly International accounting
association, the 8th largest accounting network in the world.

Eisner will audit FEI's financial statements, perform interim reviews, and
support the additional requirements of the Sarbanes-Oxley Act on a
cost-effective basis. Eisner is a highly-regarded regional CPA firm with strong
international associations to service FEI's foreign subsidiaries and affiliates.
FEI has enjoyed a satisfactory relationship with its former auditors, Holtz
Rubenstein Reminick, and expects to continue to engage them for associated
services as may be required.

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 commercial, government and military systems, including satellite payloads,
missiles, UAVs, aircraft, GPS, secure radios, SCADA, energy exploration and
wireline and wireless communication networks. Frequency has received over 60
awards of excellence for achievements in providing high performance electronic
assemblies for over 120 space programs. The Company invests significant
resources in research and development and strategic acquisitions world-wide to
expand its capabilities and markets. Subsidiaries and Affiliates: Gillam-FEI
provides expertise in wireline network synchronization and SCADA; FEI-Zyfer
provides GPS and secure timing ("SAASM") capabilities for critical military and
commercial applications; FEI-Asia provides cost effective manufacturing and
distribution capabilities in a high growth market. Frequency's Morion affiliate
supplies high-quality, cost effective quartz oscillators and components. Elcom
Technologies provides 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.

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CONTACT: Frequency Electronics, Inc.
Alan Miller, CFO
General Joseph P. Franklin, Chairman
(516) 794-4500
www.frequencyelectronics.com