Frequency Electronics Appoints Hugo Fruehauf Chief Technical Officer
MITCHEL FIELD, N.Y., May 04, 2005 (BUSINESS WIRE) -- Frequency Electronics, Inc. (AMEX: FEI) announced today that Hugo Fruehauf has been appointed Chief Technical Officer (CTO) of FEI. Mr. Fruehauf had previously served as President and CEO of FEI-Zyfer and its predecessor company for 7 years. Mr. Fruehauf, age 65, graduated from DeVry University with a degree in Electronics Engineering. His career included senior technical and leadership positions with Alliant Techsystems, Datum-Efratom and its predecessor, Ball-Efratom. He has achieved special recognition for his contributions to the development of the GPS satellite.
As Chief Technical Officer of FEI, the corporate parent, Mr. Fruehauf will contribute to developing FEI's proprietary technologies and new products and will coordinate corporate-wide R&D activities among each subsidiary and affiliate in the US and abroad. He will support the world-wide marketing of FEI's synchronization products, with emphasis on military GPS-associated applications, SAASM, precision navigation, and network security. Mr. Fruehauf will also participate in the Company's ongoing initiatives to identify candidates for merger, acquisition, or partnership.
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