Frequency Electronics, Inc. (Frequency Electronics) is engaged in the designing, development and manufacture of high-technology frequency, timing and synchronization products for satellite and terrestrial voice, video and data telecommunications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The Company’s space and terrestrial commercial communications products are designed, developed and manufactured by its wholly owned subsidiary, FEI Communications, Inc. (FEIC). Frequency Electronics, Inc. Asia (FEI-Asia) is manufacturer of certain commercial communications products used primarily in the wireless and wireline markets. The Company’s Belgian subsidiary develops and manufactures products for wireline and network synchronization systems. Precision time and frequency generation and synchronization products that incorporate global positioning systems (GPS) technology are manufactured by the Company’s subsidiary FEI-Zyfer, Inc. (FEI-Zyfer).