Frequency Electronics Awarded Contract for Communication Synchronization Systems

GARDEN GROVE, Calif., May 5, 2008 (PrimeNewswire via COMTEX News Network) -- FEI-Zyfer, a wholly-owned subsidiary of Frequency Electronics (Nasdaq:FEIM), was recently awarded an approximately $1.4 million order for newly upgraded precision GPS-based time and frequency reference systems. These systems are incorporated into military communication infrastructure designed to transmit and receive secure voice, data and video communication to or from wireless, hard-wired or satellite sources. These FEI-Zyfer systems provide critical signal synchronization and frequency references to a flexible communication infrastructure tailored to specific needs and deployed world-wide.

The order requires delivery of multiple systems over a two month period. These FEI-Zyfer standard synchronization systems conform to the government's Commercial Off the Shelf (COTS) criteria. The Company was able to deliver over 50% of the order within a week of receipt.

According to Steven Strang, President of FEI-Zyfer, "We are particularly pleased with this contract as it validates the use of our newly upgraded design as a precision time and frequency reference within satellite network infrastructure."

About Frequency Electronics

Frequency Electronics, Inc. is a world leader in the design, development and manufacture of high precision timing, frequency control and synchronization products for space and terrestrial applications. Frequency's products are used in commercial, government and military systems, including satellite payloads, missiles, UAVs, aircraft, GPS, secure radios, SCADA, energy exploration and wireline and wireless communication networks. Frequency has received over 60 awards of excellence for achievements in providing high performance electronic assemblies for over 120 space programs. The Company invests significant resources in research and development and strategic acquisitions world-wide to expand its capabilities and markets. Subsidiaries and Affiliates: Gillam-FEI provides expertise in wireline network synchronization and SCADA; FEI-Zyfer provides GPS and secure timing ("SAASM") capabilities for critical military and commercial applications; FEI-Asia provides cost effective manufacturing and distribution capabilities in a high growth market. Frequency's Morion affiliate supplies high-quality, cost effective quartz oscillators and components. Elcom Technologies provides added resources for state-of-the-art RF microwave products. Additional information is available on the Company's website: www.frequencyelectronics.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements in this press release regarding the future constitute "forward-looking" statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, inability to integrate operations and personnel, actions by significant customers or competitors, general domestic and international economic conditions, consumer spending trends, reliance on key customers, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, competitive developments, changes in manufacturing and transportation costs, the availability of capital, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

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SOURCE: Frequency Electronics, Inc.

Frequency Electronics, Inc.
          Alan Miller, CFO
          General Joseph P. Franklin, Chairman
          (516) 794-4500
          www.frequencyelectronics.com

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