Frequency Elcts Inc (FEIM) 11.48 $FEIM
Privet Fund LP Nominates a Slate of Highly Qualified Directors to the Board of Frequency Electronics
PR Newswire - Tue Jul 05, 3:02PM CDT
Privet Fund Management LLC (together with its affiliates, "Privet"
, the largest shareholder of Frequency Electronics, Inc. ("Frequency" or the "Company", with ownership of just under 10% of the Company's outstanding common shares, today announced that it delivered a letter to the Company's CEO and copied the Board of Directors (the "Board". In the letter, Privet discusses its attempts at constructive interaction with Company management and its frustration with the lack of any meaningful progress. Privet states that, despite Frequency's development of mission critical products across many different client programs, shareholders have experienced a sustained period of share price underperformance.
FEIM: 11.48 (+0.25)
Hynes Keller & Hernandez, LLC Announces Investigations of M/A-Com Technology Solutions, Inc., Frequency Electronics Inc., and The Bancorp, Inc.
PR Newswire - Thu Jun 09, 6:08AM CDT
M/A-Com Technology Solutions Holdings, Inc. ("M/A-Com" Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of M/A-Com (NASDAQ: MTSI) concerning possible breaches of fiduciary duty relating to certain improper acquisitions by M/A-Com.
MTSI: 34.54 (+0.39), FEIM: 11.48 (+0.25), TBBK: 6.06 (-0.03)
Frequency Electronics Inc. Awarded High Throughput Satellite Payload Contract
GlobeNewswire - Wed May 25, 9:30AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract in excess of $5 million to supply master timing and frequency generation systems for a high throughput satellite. The satellite will operate at Ka band with extremely high throughput along with enhanced bandwidth flexibility and economy to meet dual Government mobile bandwidth and other commercial demand. Frequency's ultra-stable timing sources combined with exceptionally low noise frequency generators enable the outstanding performance of the payload. Work on this satellite and other payload projects, as previously reported, had been anticipated to commence in 2015. The contract now calls for completion in under 18 months.
FEIM: 11.48 (+0.25)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Violations of Delaware Law by Certain Officers and Directors of Frequency Electronics Inc.
BusinessWire - Fri May 20, 1:39PM CDT
Levi & Korsinsky announces it has commenced an investigation of Frequency Electronics Inc. (NASDAQ: FEIM) concerning possible violations of Delaware law. To obtain additional information about the investigation, go to:
FEIM: 11.48 (+0.25)
Frequency Electronics Appoints New Chief Financial Officer
GlobeNewswire - Fri Apr 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced the Board of Directors appointed Steven Bernstein as its Chief Financial Officer (CFO). Steven Bernstein is a Certified Public Accountant with an extensive 15 year background in financial reporting, budgeting, internal controls, risk management and auditing. During the 5 year period prior to joining Frequency Electronics in 2010 he worked in the North America accounting group of a Fortune 500 electronics distributor. Steve Bernstein succeeds Alan Miller, Frequency's former Chief Financial Officer (CFO), who after 20 years of dedicated and much appreciated service, has retired. Martin B. Bloch, President and CEO, said, "We look forward with enthusiasm and great confidence to working with Steven Bernstein as our CFO and Corporate Controller. Steve is highly respected by all the senior management team at FEI for his financial oversight and accounting expertise."
FEIM: 11.48 (+0.25)
Frequency Electronics Inc. Awarded Major Satellite Payload Contract
GlobeNewswire - Mon Apr 25, 9:31AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded an approximately $15 million contract to supply multi-frequency timing systems for a US/DOD satellite program. Exceptional performance of these systems is enabled by Frequency's proprietary low phase noise and Low G sensitivity technology. The work to be performed under this contract was previously expected to initiate in calendar 2015. It is part of the over $30 million of projects that Frequency reported had been delayed earlier this fiscal year. The majority of the work is presently expected to be performed within 18 to 24 months.
FEIM: 11.48 (+0.25)
Frequency Electronics Inc. Awarded Secure Communication Equipment Contract
GlobeNewswire - Thu Mar 17, 9:19AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract to supply secure communication equipment for a US/DOD missile program. The equipment was developed and is being manufactured by FEI-Zyfer, Frequency's wholly owned subsidiary located in Garden Grove, CA. It enhances secure communications for command and control of multiple missile sites utilizing FEI's advanced-development Low G sensitivity quartz and ruggedized rubidium atomic clocks and FEI-Zyfer's timing system expertise. The initial phase contract value exceeds $5 million, with approximately $3 million of initial funding. The total procurement value including a follow on second phase is expected to exceed $10 million. The equipment is planned to be delivered over the next 18 months.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Tuesday, March 15, 2016, at 1:30 PM ET
GlobeNewswire - Fri Mar 11, 3:00PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for the third quarter of its fiscal year 2016, ended January 31, 2016, on Tuesday, March 15, 2016, at 1:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Frequency Electronics Inc. Awarded Satellite Payload Contract
GlobeNewswire - Wed Dec 16, 2:00PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract to supply high precision frequency sources for a critical U.S. Department of Defense satellite payload program. These frequency sources provide unmatched levels of precision, low phase noise and short term stability. The contract value exceeds $3 million on a sole-source basis.
FEIM: 11.48 (+0.25)
Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2016 Results
GlobeNewswire - Tue Dec 08, 3:01PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the second quarter of fiscal 2016, which ended October 31, 2015, of $16.0 million compared to $19.2 million recorded in the second quarter of fiscal 2015. Revenues for the first six months of fiscal 2016 were $32.7 million compared to $39.0 million recorded in the same period of the prior year.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Tuesday, December 8, 2015, at 4:30 PM ET
GlobeNewswire - Fri Dec 04, 12:23PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its second quarter of fiscal year 2016, ended October 31, 2015, on Tuesday, December 8, 2015, at 4:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Frequency Electronics Chief Financial Officer to Become Interim Chief Financial Officer at Year-End and to Retire Upon Appointment of Successor
GlobeNewswire - Thu Oct 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced that Alan Miller will step down as Secretary, Treasurer and Chief Financial Officer as of December 31, 2015. From January 1, 2016, Mr. Miller will serve as the Company's interim CFO until the appointment of a successor CFO. The Company's board of directors is undertaking a search to identify a new CFO to succeed Mr. Miller.
FEIM: 11.48 (+0.25)
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2016 Results
GlobeNewswire - Thu Sep 10, 3:01PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2016, which ended July 31, 2015, of $16.7 million as compared to $19.7 million in the same quarter of fiscal 2015. The Company recorded operating profit of $941,000 for the quarter ended July 31, 2015, compared to $928,000 in the first quarter of fiscal 2015. Net income for the first quarter of fiscal 2016 was $891,000 or $0.10 per diluted share compared to $719,000 or $0.08 per diluted share for the first quarter of the prior year.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Thursday, September 10, 2015, at 4:30 PM ET
GlobeNewswire - Wed Sep 09, 11:05AM CDT
Frequency Electronics, Inc. (NASDAQ: FEIM), will hold its quarterly conference call to discuss results for its first quarter of fiscal year 2016, ended July 31, 2015, on Thursday, September 10, 2015, at 4:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Frequency Electronics Delivers GPS Multi-Channel Receiver/Down Converter
GlobeNewswire - Mon Jul 27, 8:23AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has delivered a GPS Wide Area Augmentation System (WAAS) multi-channel receiver/down converter to be installed on a hosted payload scheduled for launch later this year in support of the Federal Aviation Administration's (FAA) GPS WAAS program. As previously announced the Company received a follow-on order and is working on an additional receiver/down converter to be delivered next year for a 2017 launch. These multi-channel receiver/down converters on hosted payloads are integral to the WAAS program serving as air navigation aids augmenting the accuracy, integrity and availability of the Global Positioning System (GPS). The GPS WAAS objectives include more direct flight routing and precision landing approaches essentially enabling aircraft to rely on GPS for all phases of flight.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Wednesday, July 22, 2015, at 4:30 PM ET
GlobeNewswire - Tue Jul 21, 11:09AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its fiscal year 2015, ended April 30, 2015, on Wednesday, July 22, 2015, at 4:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Hynes Keller & Hernandez, LLC Announces Investigation of Frequency Electronics Inc. (FEIM)
PR Newswire - Tue Jun 02, 6:38AM CDT
Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Frequency Electronics Inc. (Nasdaq: FEIM) concerning possible breaches of fiduciary duty.
FEIM: 11.48 (+0.25)
Privet Fund LP Nominates a Slate of Highly Qualified Directors to the Board of Frequency Electronics
PR Newswire - Tue Jul 05, 3:02PM CDT
Privet Fund Management LLC (together with its affiliates, "Privet"
, the largest shareholder of Frequency Electronics, Inc. ("Frequency" or the "Company", with ownership of just under 10% of the Company's outstanding common shares, today announced that it delivered a letter to the Company's CEO and copied the Board of Directors (the "Board". In the letter, Privet discusses its attempts at constructive interaction with Company management and its frustration with the lack of any meaningful progress. Privet states that, despite Frequency's development of mission critical products across many different client programs, shareholders have experienced a sustained period of share price underperformance. FEIM: 11.48 (+0.25)
Hynes Keller & Hernandez, LLC Announces Investigations of M/A-Com Technology Solutions, Inc., Frequency Electronics Inc., and The Bancorp, Inc.
PR Newswire - Thu Jun 09, 6:08AM CDT
M/A-Com Technology Solutions Holdings, Inc. ("M/A-Com"
Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of M/A-Com (NASDAQ: MTSI) concerning possible breaches of fiduciary duty relating to certain improper acquisitions by M/A-Com. MTSI: 34.54 (+0.39), FEIM: 11.48 (+0.25), TBBK: 6.06 (-0.03)
Frequency Electronics Inc. Awarded High Throughput Satellite Payload Contract
GlobeNewswire - Wed May 25, 9:30AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract in excess of $5 million to supply master timing and frequency generation systems for a high throughput satellite. The satellite will operate at Ka band with extremely high throughput along with enhanced bandwidth flexibility and economy to meet dual Government mobile bandwidth and other commercial demand. Frequency's ultra-stable timing sources combined with exceptionally low noise frequency generators enable the outstanding performance of the payload. Work on this satellite and other payload projects, as previously reported, had been anticipated to commence in 2015. The contract now calls for completion in under 18 months.
FEIM: 11.48 (+0.25)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Violations of Delaware Law by Certain Officers and Directors of Frequency Electronics Inc.
BusinessWire - Fri May 20, 1:39PM CDT
Levi & Korsinsky announces it has commenced an investigation of Frequency Electronics Inc. (NASDAQ: FEIM) concerning possible violations of Delaware law. To obtain additional information about the investigation, go to:
FEIM: 11.48 (+0.25)
Frequency Electronics Appoints New Chief Financial Officer
GlobeNewswire - Fri Apr 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced the Board of Directors appointed Steven Bernstein as its Chief Financial Officer (CFO). Steven Bernstein is a Certified Public Accountant with an extensive 15 year background in financial reporting, budgeting, internal controls, risk management and auditing. During the 5 year period prior to joining Frequency Electronics in 2010 he worked in the North America accounting group of a Fortune 500 electronics distributor. Steve Bernstein succeeds Alan Miller, Frequency's former Chief Financial Officer (CFO), who after 20 years of dedicated and much appreciated service, has retired. Martin B. Bloch, President and CEO, said, "We look forward with enthusiasm and great confidence to working with Steven Bernstein as our CFO and Corporate Controller. Steve is highly respected by all the senior management team at FEI for his financial oversight and accounting expertise."
FEIM: 11.48 (+0.25)
Frequency Electronics Inc. Awarded Major Satellite Payload Contract
GlobeNewswire - Mon Apr 25, 9:31AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded an approximately $15 million contract to supply multi-frequency timing systems for a US/DOD satellite program. Exceptional performance of these systems is enabled by Frequency's proprietary low phase noise and Low G sensitivity technology. The work to be performed under this contract was previously expected to initiate in calendar 2015. It is part of the over $30 million of projects that Frequency reported had been delayed earlier this fiscal year. The majority of the work is presently expected to be performed within 18 to 24 months.
FEIM: 11.48 (+0.25)
Frequency Electronics Inc. Awarded Secure Communication Equipment Contract
GlobeNewswire - Thu Mar 17, 9:19AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract to supply secure communication equipment for a US/DOD missile program. The equipment was developed and is being manufactured by FEI-Zyfer, Frequency's wholly owned subsidiary located in Garden Grove, CA. It enhances secure communications for command and control of multiple missile sites utilizing FEI's advanced-development Low G sensitivity quartz and ruggedized rubidium atomic clocks and FEI-Zyfer's timing system expertise. The initial phase contract value exceeds $5 million, with approximately $3 million of initial funding. The total procurement value including a follow on second phase is expected to exceed $10 million. The equipment is planned to be delivered over the next 18 months.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Tuesday, March 15, 2016, at 1:30 PM ET
GlobeNewswire - Fri Mar 11, 3:00PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for the third quarter of its fiscal year 2016, ended January 31, 2016, on Tuesday, March 15, 2016, at 1:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Frequency Electronics Inc. Awarded Satellite Payload Contract
GlobeNewswire - Wed Dec 16, 2:00PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract to supply high precision frequency sources for a critical U.S. Department of Defense satellite payload program. These frequency sources provide unmatched levels of precision, low phase noise and short term stability. The contract value exceeds $3 million on a sole-source basis.
FEIM: 11.48 (+0.25)
Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2016 Results
GlobeNewswire - Tue Dec 08, 3:01PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the second quarter of fiscal 2016, which ended October 31, 2015, of $16.0 million compared to $19.2 million recorded in the second quarter of fiscal 2015. Revenues for the first six months of fiscal 2016 were $32.7 million compared to $39.0 million recorded in the same period of the prior year.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Tuesday, December 8, 2015, at 4:30 PM ET
GlobeNewswire - Fri Dec 04, 12:23PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its second quarter of fiscal year 2016, ended October 31, 2015, on Tuesday, December 8, 2015, at 4:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Frequency Electronics Chief Financial Officer to Become Interim Chief Financial Officer at Year-End and to Retire Upon Appointment of Successor
GlobeNewswire - Thu Oct 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced that Alan Miller will step down as Secretary, Treasurer and Chief Financial Officer as of December 31, 2015. From January 1, 2016, Mr. Miller will serve as the Company's interim CFO until the appointment of a successor CFO. The Company's board of directors is undertaking a search to identify a new CFO to succeed Mr. Miller.
FEIM: 11.48 (+0.25)
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2016 Results
GlobeNewswire - Thu Sep 10, 3:01PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2016, which ended July 31, 2015, of $16.7 million as compared to $19.7 million in the same quarter of fiscal 2015. The Company recorded operating profit of $941,000 for the quarter ended July 31, 2015, compared to $928,000 in the first quarter of fiscal 2015. Net income for the first quarter of fiscal 2016 was $891,000 or $0.10 per diluted share compared to $719,000 or $0.08 per diluted share for the first quarter of the prior year.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Thursday, September 10, 2015, at 4:30 PM ET
GlobeNewswire - Wed Sep 09, 11:05AM CDT
Frequency Electronics, Inc. (NASDAQ: FEIM), will hold its quarterly conference call to discuss results for its first quarter of fiscal year 2016, ended July 31, 2015, on Thursday, September 10, 2015, at 4:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Frequency Electronics Delivers GPS Multi-Channel Receiver/Down Converter
GlobeNewswire - Mon Jul 27, 8:23AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has delivered a GPS Wide Area Augmentation System (WAAS) multi-channel receiver/down converter to be installed on a hosted payload scheduled for launch later this year in support of the Federal Aviation Administration's (FAA) GPS WAAS program. As previously announced the Company received a follow-on order and is working on an additional receiver/down converter to be delivered next year for a 2017 launch. These multi-channel receiver/down converters on hosted payloads are integral to the WAAS program serving as air navigation aids augmenting the accuracy, integrity and availability of the Global Positioning System (GPS). The GPS WAAS objectives include more direct flight routing and precision landing approaches essentially enabling aircraft to rely on GPS for all phases of flight.
FEIM: 11.48 (+0.25)
Frequency Electronics Announces Earnings Conference Call; Wednesday, July 22, 2015, at 4:30 PM ET
GlobeNewswire - Tue Jul 21, 11:09AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its fiscal year 2015, ended April 30, 2015, on Wednesday, July 22, 2015, at 4:30 PM Eastern Time.
FEIM: 11.48 (+0.25)
Hynes Keller & Hernandez, LLC Announces Investigation of Frequency Electronics Inc. (FEIM)
PR Newswire - Tue Jun 02, 6:38AM CDT
Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Frequency Electronics Inc. (Nasdaq: FEIM) concerning possible breaches of fiduciary duty.
FEIM: 11.48 (+0.25)
