Frequency Electronics Announces Earnings Conference Call; Wednesday, March 13, 2013, at 2:30 PM ET

Frequency Electronics Announces Earnings Conference Call; Wednesday, March 13,
2013, at 2:30 PM ET

MITCHEL FIELD, N.Y., March 12, 2013 (GLOBE NEWSWIRE) -- Frequency Electronics,
Inc. (Nasdaq:FEIM) will hold its quarterly conference call to discuss results
for the third quarter of fiscal year 2013, ended January 31, 2013, on
Wednesday, March 13, 2013, at 2:30 PM Eastern Time.

This call is being webcast by and can be accessed in the
Investor Relations section of Frequency's web site at Investors and analysts may access the call by
dialing 1-877-407-9205. International callers may dial 1-201-689-8054. Ask for
the Frequency Electronics conference call.

The call will be archived on the Company's website through April 15, 2013. The
archived call may also be retrieved at 1-877-660-6853 (domestic) or
1-201-612-7415 (international) using Conference ID #:410788.

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, SCADA, 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; 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 and 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:

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