Profile: Frequency Electronics Inc (FEIM.OQ)
12 Dec 2013
Frequency Electronics, Inc. (Frequency Electronics), incorporated on May 23, 1968, is a provider of precision time and frequency technology, which is employed in commercial, government, command, control, communication, computer, intelligence, security and reconnaissance (C4ISR) and other military electronic systems. The Company operates in three segments: FEI-NY, Gillam-FEI, and FEI-Zyfer. Its technology is used for a range of terrestrial and space applications. Within each segment, the Company designs, develops, manufactures and markets precision time and frequency control products for different markets. The Company’s FEI-NY segment, which operates out of the Company’s New York headquarters facility also includes the operations of the Company’s wholly owned subsidiaries, FEI-Asia and FEI-Elcom. The Gillam-FEI segment operates out of Belgium and France and designs, develops and manufactures products for wireline and network synchronization. The primary business of the FEI-Zyfer segment, which operates out of California, is the design and manufacture of products, which incorporate global positioning system (GPS) technologies.
The Company provides precision time, frequency generation and synchronization products and subsystems that are found in ground-based communication stations, on-board satellites and imbedded in moving platforms operated by the United States military. The Company manufactures the master clocks (quartz, rubidium and cesium) and other timing and frequency generation products for many satellite communication systems, and many of the Company’s other space assemblies are used onboard spacecraft for command, control and power. Commercial satellite programs, which utilize the Company’s space-qualified products include Iridium NEXT, MexSat, MSV, ICO, TerreStar, GlobalStar, Intelsat, Inmarsat and numerous others.
In addition to space-based programs, the Company’s products have been used in airborne and ground-based guidance, navigation, communications, radar, sonar surveillance and electronic countermeasure and timing systems. FEI-Elcom designs and manufactures radio frequency (RF) microwave devices and subsystems up to 46 gigahertz, including fast switching, ultra low phase noise synthesizers, up-down converters, receivers, ceramic resonant oscillators and dielectric resonant oscillators. FEI-Asia functions as a manufacturing facility for the FEI-NY segment with minimal sales to outside customers. FEI-Elcom, in addition to its own product line, provides design and technical support for the FEI-NY segment’s satellite business. The products for the FEI-NY segment are principally marketed to the commercial and United States Government satellite markets, to other United States Department of Defense programs and to wireless communications networks.
The Company’s Gillam-FEI segment extends the Company’s competencies into wireline synchronization, network management, and specialized test equipment. Gillam-FEI products are targeted for telecommunication operators and network equipment manufacturers that utilize modular and flexible platforms to build reliable digital-network-systems worldwide. Telecommunications operators, such as Belgacom, France Telecom, Telefonica and other service providers are among Gillam-FEI’s customers. Its products are sold to non-United States customers and its US5G product line has been introduced to the domestic United States market through the Company’s FEI-Zyfer segment, which provides sales and support for the US5G family of products.
The Company’s FEI-Zyfer segment designs, develops and manufactures products for precision time and frequency generation and synchronization, primarily incorporating GPS technology. FEI-Zyfer’s products make use of both in-the-clear civil and crypto-secured military signals from GPS. More than 60% of revenues are derived from sales where the end user is the United States Government. FEI-Zyfer’s products are an important extension of FEI’s core product line, specifically in the area of GPS capabilities
The Company competes with Agilent Technologies, Symmetricom, Inc., E. G. AND G., Inc., Vectron, Inc., Siemens, Schneider Electric and Oscilloquartz.
Frequency Electronics Inc
55 Charles Lindbergh Boulevard
Mitchel Field NY 11553