Frequency Electronics Inc (NASDAQ: FEIM)

Frequency Electronics Inc., often recognized by its ticker symbol FEIM, operates in the commercial and Government satellite markets, as well as in the terrestrial secure command, control, communication, computer, intelligence, surveillance, and reconnaissance (C4ISR) and electronic warfare (EW) systems. This company is a world leader in precision time and frequency generation technology.

Frequency Electronics' primary business activities revolve around the design, development, manufacture, and marketing of precision time and frequency control products. These products are used in a wide range of space and non-space applications, such as satellite communications, navigation, weather forecasting, video and data transmissions, and Internet access. The company has a significant global presence, operating in the commercial and Government satellite markets, as well as in the C4ISR and EW systems.

The company generates its revenue through the sale of a variety of products. These include master timing systems, power converters, frequency generation, synthesis, and distribution systems. FEI-Elcom, a wholly-owned subsidiary of Frequency Electronics, designs and manufactures radio frequency (RF) microwave modules and subsystems up to 60 GHz. These products are crucial for many applications in the EW market, such as SATCOM communication, surveillance, signal intelligence (SIGINT), and threat simulation systems.

In the satellite industry, the company's customers are primarily commercial and Government satellite operators. In the C4ISR and EW markets, the customer base includes radar systems, airborne SIGINT/COMINT platforms, information networks, test equipment, military command and control terminals, and satellite ground stations. The company's products are used by major satellite operators, such as Lockheed Martin, Northrop Grumman, and Boeing, as well as the U.S. Government, including the Department of Defense (DOD) and the National Security Agency (NSA).

Frequency Electronics has a strong competitive position in the market, boasting a unique legacy of providing master timing systems, power converters, and frequency generation, synthesis, and distribution systems for satellite payloads and terrestrial secure command, control, and communications systems. The company's strong research and development (R&D) program focuses on improving the core physics and electronic performance of its products, developing new time and frequency technologies and capabilities, and enhancing product manufacturability. Frequency Electronics holds a broad and significant patent portfolio, including patents for its proprietary quartz oscillator technology and low g-sensitivity technology.

The brand names and trade names of Frequency Electronics' products and services include master timing systems, power converters, frequency generation, synthesis, and distribution systems, FEI-Elcom, radio frequency (RF) microwave modules, and subsystems up to 60 GHz, fast switching, ultra-low phase noise synthesizers, up-down converters, receivers, tuners, ceramic resonance oscillators, and dielectric resonance oscillators. FEI-Zyfer's products, which provide precision navigation and timing (PNT) primarily incorporating Global Navigation Satellite System (GNSS) technology, are integrated into radar systems, airborne SIGINT/COMINT platforms, information networks, test equipment, military command and control terminals, and satellite ground stations.