Frequency Electronics Announces Contract for Fiber Optic Systems.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 18, 2000 Frequency Electronics, Inc. (AMEX-FEI) today announced that it had received its first contract for the production of R/T R/T rather than R/T Related To R/T Real Time R/T Room Temperature R/T Round-Trip (travel booking) R/T Response/Time R/T Running Time R/T Research & Technology R/T Race/Track R/T Rapid Transit R/T Road & Track (receive/transmit) modules used to increase throughput in advanced optical transport (fiber optic) systems. This initial agreement, valued at approximately $2 million, covers only procurement of long lead time material, capital equipment purchases, and production engineering tasks. A definitive production contract is anticipated within sixty (60) days and delivery of production units is expected to begin in June, 2001. The R/T module was developed by Frequency Electronics combining the Company's legacy in time, frequency control, and synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. with its proprietary microwave technology. Frequency Electronics 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 See wireless broadband. and fiber optic communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , and for the ongoing expansion of existing wireless and wireline networks. Additional information is available on FEI's website: www.frequencyelectronics.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The Statements in this press release regarding future earnings and operations and other statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future constitute "forward-looking" statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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, 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. |
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