{"id":393195,"date":"2020-12-03T16:33:06","date_gmt":"2020-12-03T21:33:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393195"},"modified":"2020-12-03T16:33:06","modified_gmt":"2020-12-03T21:33:06","slug":"frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo\/","title":{"rendered":"Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MITCHEL FIELD, N.Y., Dec.  03, 2020  (GLOBE NEWSWIRE) &#8212; Frequency Electronics, Inc. (\u201cFEI\u201d or the \u201cCompany\u201d) (NASDAQ-FEIM) is pleased to announce the award of a contract for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) with a contract value of approximately $5.2m. This is a follow-on to a contract previously awarded and announced in September 2019. The oscillators will provide critical timing information for US Government satellites.<\/p>\n<p>FEI CEO Stan Sloane commented, \u201cWe are extremely pleased that additional VCXOs have been selected for this critical satellite program. As we stated in our September 3, 2019 press release, we anticipated additional orders for these oscillators and this award validates that prediction. We anticipate additional orders in addition to this one, as well. We are also proud to continue our legacy of providing critical components for key US Government programs that support our warfighters and our allies.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Frequency Electronics<br \/><\/u><br \/>\n        <\/strong>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. FEI\u2019s 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.<\/p>\n<p align=\"justify\">\n        <u>Frequency\u2019s Mission Statement:<\/u> \u201cOur 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.\u201d<\/p>\n<p align=\"justify\">\n        <u>Subsidiaries and Affiliates:<\/u> FEI-Zyfer provides GPS and secure timing (&#8220;SAASM&#8221;) capabilities for critical military and commercial applications; FEI-Elcom Tech provides Electronic Warfare (\u201cEW\u201d) sub-systems and state-of-the-art RF microwave products. Additional information is available on the Company\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EZOzcld1Vfu0v8K5qieBUDtu5Lq8btxGqdmyXwJZTdDTmWeoAiZqpG1wRMHFvcbpWuZl6OmhizO_QnFrF0XeaLkHs6L-RYO8GjByZSOnf9GU66etTOp4Kq5yTeNzZBpM\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frequencyelectronics.com<\/a><\/p>\n<p>Contact information: Stanton Sloane, President &amp; Chief Executive Officer; Steven<br \/>Bernstein, Chief Financial Officer;<br \/>\u00a0\u00a0 <br \/>TELEPHONE: (516) 794-4500 ext.5000 WEBSITE<strong>:<\/strong>\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EZOzcld1Vfu0v8K5qieBUBWYCCG1vd9qArRr3grvy4uzo2RjMEnErNBsl0xJAuk7_3QLufLyabNIgRFvj1DZSg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.freqelec.com<\/u><\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjUyNiMzODU1NzEwIzIwMjc3MDI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/54f24808-57b2-4c78-a2ac-73e071eb828f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MITCHEL FIELD, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; Frequency Electronics, Inc. (\u201cFEI\u201d or the \u201cCompany\u201d) (NASDAQ-FEIM) is pleased to announce the award of a contract for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) with a contract value of approximately $5.2m. This is a follow-on to a contract previously awarded and announced in September 2019. The oscillators will provide critical timing information for US Government satellites. FEI CEO Stan Sloane commented, \u201cWe are extremely pleased that additional VCXOs have been selected for this critical satellite program. As we stated in our September 3, 2019 press release, we anticipated additional orders for these oscillators and this award validates that prediction. We anticipate additional orders in addition to this one, as well. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393195","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MITCHEL FIELD, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; Frequency Electronics, Inc. (\u201cFEI\u201d or the \u201cCompany\u201d) (NASDAQ-FEIM) is pleased to announce the award of a contract for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) with a contract value of approximately $5.2m. This is a follow-on to a contract previously awarded and announced in September 2019. The oscillators will provide critical timing information for US Government satellites. FEI CEO Stan Sloane commented, \u201cWe are extremely pleased that additional VCXOs have been selected for this critical satellite program. As we stated in our September 3, 2019 press release, we anticipated additional orders for these oscillators and this award validates that prediction. We anticipate additional orders in addition to this one, as well. &hellip; Continue reading &quot;Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T21:33:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjUyNiMzODU1NzEwIzIwMjc3MDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frequency-electronics-inc-announces-award-of-a-contract-for-precision-voltage-controlled-quartz-crystal-oscillators-vcxo\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Frequency Electronics, Inc. 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This is a follow-on to a contract previously awarded and announced in September 2019. The oscillators will provide critical timing information for US Government satellites. FEI CEO Stan Sloane commented, \u201cWe are extremely pleased that additional VCXOs have been selected for this critical satellite program. As we stated in our September 3, 2019 press release, we anticipated additional orders for these oscillators and this award validates that prediction. We anticipate additional orders in addition to this one, as well. &hellip; Continue reading \"Frequency Electronics, Inc. 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