Frequency Electronics Announces UFS Synthesizer Order for FEI-Elcom Tech, Inc.

Frequency Electronics Announces UFS Synthesizer Order for FEI-Elcom Tech, Inc.

MITCHEL FIELD, N.Y., March 7, 2013 (GLOBE NEWSWIRE) -- Frequency Electronics,
Inc. (Nasdaq:FEIM) announced that its wholly owned subsidiary, FEI-Elcom Tech,
Inc. has received a follow-on order of approximately $3 million to provide UFS
ultra low phase noise microwave synthesizers in an Electronic Warfare threat
simulation application utilizing newly developed FEI-Elcom IF Link Modulation
Technology. Deliveries are to be completed within the next twelve months and
additional follow-on orders in subsequent years are expected.

Derivatives of this technology will also be used in FEI-Elcom's microwave down
converters serving the ELINT market. Recent developments include increasing
the L band output to 1.8 GHz with an IF bandwidth of 1 GHz. Additional
synergies will be realized as FEI-Elcom's product engineering team works with
Frequency Electronics to accelerate the development and qualification of Ku
and Ka band frequency converters and receivers for the satellite payload
market.

Jim Davis, CEO of FEI-Elcom, said "Leveraging the know how across multiple
product lines within FEI-Elcom and simultaneously supporting Frequency
Electronics' growth initiatives demonstrates the innovative nature of the
engineers in our product development team. Integrating new hardware into our
existing UFS synthesizer while at the same time increasing the overall
reliability of the product reflects positively on the collaboration between
our engineering and production departments. It was truly a team effort with
our customer the ultimate beneficiary. Another benefit to our customers, of
special value in this difficult funding environment, is the ability to upgrade
our UFS installed base by applying new capability to emerging 'chirp'
applications."

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,
C4ISR markets, missiles, UAVs, aircraft, GPS, secure radios, energy
exploration and wireline and wireless communication networks. Frequency has
received over 100 awards of excellence for achievements in providing high
performance electronic assemblies for over 150 space and DOD programs. The
Company invests significant resources in research and development and
strategic acquisitions world-wide to expand its capabilities and markets.

Frequency's Mission Statement: "Our mission is to provide precision time and
low phase noise frequency generation systems from 1 Hz to 42 GHz, for space
and other challenging environments."

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; FEI-Elcom Tech provides added resources for state-of-the-art RF
microwave products. Frequency's Morion affiliate supplies high-quality, cost
effective quartz oscillators and components. 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.

CONTACT: Alan Miller, CFO
         or General Joseph P. Franklin, Chairman
        
         TELEPHONE: (516) 794-4500
         WEBSITE: www.frequencyelectronics.com