Martin Bloch, President and CEO of Frequency Electronics, Inc. (FEIM),
Rings The NASDAQ Stock Market Closing Bell

Monday, August 28, 2006
at NASDAQ's MarketSite
in New York City.

Martin Bloch, President and CEO of Frequency Electronics, Inc. (FEIM)

Martin Bloch, President and CEO of Frequency Electronics, Inc. (FEIM) will preside over the closing bell to celebrate its switch from the American Stock Exchange to the NASDAQ.
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. The Company's products are used in commercial, government and military systems, including satellite payloads, missiles, UAVs, piloted aircraft, GPS, secure radios, SCADA, energy exploration and wireline and wireless communication networks. The Company has received over 60 awards of excellence for achievements in providing high performance electronic assemblies for over 120 space programs. The Company invests significant resources in research and development and strategic acquisitions world-wide to expand its capabilities and markets. The Company's Belgium-based Gillam-FEI subsidiary provides the Company with expertise in wireline network synchronization, monitoring and SCADA. FEI-Zyfer in Anaheim, CA, provides GPS and secure timing ("SAASM") capabilities for critical military and commercial applications. The Company has an affiliate in St. Petersburg, Russia which supplies high-quality, cost effective quartz oscillators and components. Additionally, the Company operates a new, modern manufacturing facility in Tianjin, China through its wholly-owned subsidiary, FEI-Asia. Additional information is available on FEI's website: www.frequencyelectronics.com.

Reprints

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 8/28/2006 Download Hi-Res Quality Photo of this NASDAQ Market Close - Pictured: Martin Bloch, President and CEO of Frequency Electronics, Inc. (FEIM), presides over the closing bell. These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.