Profile: Frequency Electronics Inc (FEIM.OQ)
21 Oct 2016
Frequency Electronics, Inc. (FEI), incorporated on May 23, 1968, is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments based on the geographic locations of its subsidiaries, which include FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company's subsidiaries, Frequency Electronics, Inc. Asia (FEI-Asia) and FEI-Elcom Tech, Inc. (FEI-Elcom). It operates through several facilities located across the world, which is used for manufacturing its products and for administrative activities, which includes Long Island, New York; Garden Grove, California; Liege, Belgium; Tianjin, China, and Rockleigh, New Jersey. The Company's services are employed in commercial, government, command, control, communication, computer, intelligence, security and reconnaissance (C4ISR) and other military electronic systems. Its technology is used for a range of terrestrial and space applications.
The Company's FEI-NY segment, which operates from New York, provides precision time, frequency generation and synchronization products and subsystems that are found on-board satellites, in ground-based communication stations, and imbedded in moving platforms operated by the United States military. Its products are used in various markets, which include communication satellites (both commercial and the United States Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations, and other components and systems for the United States military. FEI-Asia manufactures commercial communication products used primarily in the wireless and wireline markets, as well as power grids. FEI-Elcom designs and manufactures Radio Frequency (RF) microwave devices and subsystems of approximately 50 gigahertz, including fast switching, ultra-low phase noise synthesizers, up-down converters, receivers, ceramic resonant oscillators and dielectric resonant oscillators. These instruments and components are critical for communication, surveillance, signal intelligence, automatic testing, satellite ground stations and satellite payloads. FEI-Elcom, in addition to its own product line, provides design and technical support for the FEI-NY segment's satellite business.
The Company's subsidiary, Gillam-FEI, s.a. (Gillam-FEI), which operates from Belgium and France, develops and manufactures products for various network management and synchronization systems for different industries, such as utilities, railways and telecommunications providers in Europe, Africa, the Middle East and Asia. It provides network synchronization, network management and specialized test equipment. It offers remote terminal unit (GRTU), which is intended to monitor the electrical current in a power grid and relay the information to a central location. Gillam-FEI markets variants of this product to other electric utility companies in projects to create smart grids. Its products are sold to non-United States customers.
The Company's FEI-Zyfer segment operates from California and designs and manufactures products, which incorporate Global Positioning System (GPS) technologies and rugged high-precision-clocks that are designed and manufactured at FEI-NY. FEI-Zyfer sells its products to both commercial and the United States Government customers, collaborates with other FEI segments on joint product development activities, and provides sales and support for network synchronization products. Its products make use of both in-the-clear civil and crypto-secured military signals from GPS. Its products are integrated into communications systems, computer networks, test equipment, and military command and control terminals for ground and satellite link applications. It provides a range of embedded systems for various timing functions and anti-spoofing (Selective Availability Anti-spoofing Module (SAASM)) applications. This segment also provides sales and support for the Company's wireline telecommunications family of products, including US5G, which are sold in the United States market.
The Company competes with Excelitas Technologies Corp., Microsemi Corporation, Dover Corp, Huawei, Siemens, Schneider Electric and ADVA Optical Networking SE.
Frequency Electronics Inc
55 Charles Lindbergh Blvd
UNIONDALE NY 11553-3664
Company Web Links
- BRIEF-Frequency Electronics Q1 loss per share $0.08
- BRIEF-Frequency Electronics announces addition of two board members
- BRIEF-Frequency Electronics posts qtrly loss per share $0.01
- BRIEF-Frequency Electronics appoints Steven Bernstein as new CFO
- BRIEF-Frequency Electronics awarded about $15 mln contract