Frequency Electronics Announces New President and CEO of FEI-Zyfer
MITCHEL FIELD, N.Y., May 04, 2005 (BUSINESS WIRE) -- Frequency Electronics, Inc. (AMEX: FEI) announced today that Steve Strang has been appointed President and CEO of FEI-Zyfer Inc., a wholly owned subsidiary of FEI, located in Anaheim, CA. Mr. Strang was previously Executive Vice President of this subsidiary. He has been with FEI-Zyfer and its predecessor companies for 17 years in various technical and management positions, and brings a legacy of hardware and software electronics design and engineering experience to his new position. A strong leader, Mr. Strang will play an important role in developing new products which utilize GPS-aided time and frequency generation and synchronization, and achieving growth in revenues and profitability.
Mr. Strang, age 41, earned a BS degree from the California State Polytechnic University at Pomona, and a MS degree in Engineering from the California State University at Fullerton.
About Frequency Electronics
Frequency Electronics, Inc. is a world leader in the design, development and manufacture of high-technology frequency, timing and synchronization products for satellite and terrestrial voice, video and data telecommunications. The Company's technologies provide unique solutions that are essential building blocks for the next generation of broadband wireless and fiber optic communications systems, and for the ongoing expansion of existing wireless and wireline networks. Additional information is available on FEI's website: www.frequencyelectronics.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements in this press release regarding future earnings and operations and other statements relating to 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, ability 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.
SOURCE: Frequency Electronics, Inc.
Frequency Electronics, Inc.
General Joseph P. Franklin, 516-794-4500
www.frequencyelectronics.com