Frequency Electronics, Inc. (NASDAQ: FEIM) designs, develops, and manufactures precision time and frequency control products and components for microwave integrated circuit applications. The company operates in three segments: FEI-NY, Gillam-FEI, and FEI-Zyfer. The FEI-NY segment offers precision time, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military. The Gillam-FEI segment sells wireline synchronization technology, network management systems, and specialized test equipment in non-United States markets. The FEI-Zyfer segment designs, develops, and manufactures products for precision time, and frequency generation and synchronization primarily incorporating global positioning system technology into communications systems, computer networks, test equipment, and military command and control terminals for ground and satellite link applications. The company also offers remote terminal units for management of networks, such as power grids and gas lines, as well as specialized timing technology for oil and gas exploration. Its products are used in commercial, government, command, control, communication, computer, intelligence, security and reconnaissance, counter measures, and other defense electronic applications for the United States government on land, sea, and air-borne platforms. The company markets its products directly and through 30 independent sales representative organizations located in the United States, Europe, and Asia.
