Frequency Electronics, Inc. Announces Inaugural Quantum Sensing Summit: A Pioneering Event to Shape the Future of Quantum Technology
September 06 2024 - 7:48AM
Today Frequency Electronics, Inc. (“FEI” or the “Company”)
(NASDAQ-FEIM) is proud to announce the inaugural Quantum Sensing
Summit, an exclusive gathering of the brightest minds, leading
industry players, and key government decision-makers dedicated to
advancing the field of quantum sensing. As both host and sponsor,
Frequency Electronics is committed to driving innovation and
transforming research discoveries into real-world applications.
The summit will be held on October 10-11, 2024 in New York, NY
and will bring together leaders from government, research, and
industry for a one-day event focused on “Achieving Production-Ready
Quantum Sensing Technologies.” With an agenda designed to foster
collaboration, the summit aims to bridge the gap between
cutting-edge research and the practical deployment of quantum
sensing solutions.
The agenda includes presentations from top university and
government research institutions, highlighting the latest
breakthroughs in quantum sensing. Attendees will gain a
comprehensive overview of the development of critical
quantum-enabling technologies, including lasers, photonic
integrated circuits (PICs), traps, micro-resonators, frequency
combs, and high-finesse cavities.
“Frequency Electronics has a long-standing commitment to the
‘sensing’ aspect of quantum technology, and we recognize the
transformative potential that lies within this domain,” said Tom
McClelland, CEO at Frequency Electronics. “Our goal with this
summit is to catalyze meaningful collaborations to drive the next
generation of quantum technologies.”
The event is expected to attract between 100 and 150 attendees,
including a strong presence of government decision-makers, making
it a unique opportunity for influencing policy and driving
strategic partnerships. With a focus on practical outcomes, the
summit will serve as a platform for discussions that could shape
the future of quantum sensing.
About Frequency Electronics
Frequency Electronics, Inc. (FEI) is a world
leader in the design, development and manufacture of high precision
timing, frequency generation and RF control products for space and
terrestrial applications. FEI’s products are used in satellite
payloads and in other commercial, government and military systems
including C4ISR and electronic warfare, missiles, UAVs, aircraft,
GPS, secure communications, energy exploration and wireline and
wireless networks. FEI-Zyfer provides GPS and secure timing
capabilities for critical military and commercial applications;
FEI-Elcom Tech provides Electronic Warfare (“EW”) sub-systems and
state-of-the-art RF and microwave products. FEI 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 to expand its capabilities and markets.
www.frequencyelectronics.com
FEI’s Mission Statement: “Our mission is to
transform discoveries and demonstrations made in research
laboratories into practical, real-world products. We are proud of a
legacy which has delivered precision time and frequency generation
products, for space and other world-changing applications that are
unavailable from any other source. We aim to continue that legacy
while adapting our products and expertise to the needs of the
future. With a relentless emphasis on excellence in everything we
do, we aim, in these ways, to create value for our customers,
employees, and stockholders.”
Forward-Looking Statements
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, our
inability to integrate operations and personnel, actions by
significant customers or competitors, general domestic and
international economic conditions, 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, other supply chain related issues, increasing costs for
materials, operating related expenses, competitive developments,
changes in manufacturing and transportation costs, the availability
of capital, the outcome of any litigation and arbitration
proceedings, and failure to maintain an effective system of
internal controls over financial reporting. The factors listed
above are not exhaustive and should be read in conjunction with the
other cautionary statements that are included in this release and
in our filings with the Securities and Exchange Commission. The
Company’s Annual Report on Form 10-K for the fiscal year ended
April 30, 2023, filed on July 27, 2023 with the Securities and
Exchange Commission includes additional factors that could
materially and adversely impact the Company’s business, financial
condition and results of operations, as such factors are updated
from time to time in our periodic filings with the Securities and
Exchange Commission, which are accessible on the Securities and
Exchange Commission’s website at www.sec.gov. Moreover, the Company
operates in a very competitive and rapidly changing environment.
New factors emerge from time to time and it is not possible for
management to predict the impact of all these factors on the
Company’s business, financial condition or results of operations or
the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in
any forward-looking statements. Given these risks and
uncertainties, investors should not rely on forward-looking
statements as a prediction of actual results. Any or all of the
forward-looking statements contained in this press release and any
other public statement made by the Company or its management may
turn out to be incorrect. The Company expressly disclaims any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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Contact information: |
Dr. Thomas McClelland, President and Chief Executive Officer; |
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Steven Bernstein, Chief Financial Officer; |
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TELEPHONE: (516)
794-4500 ext.5000 |
WEBSITE: www.freqelec.com |
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