Subsidiary

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, September 13, 2022
Q3, Unmanned aerial vehicle, RF, Frequency, Efficiency, COVID-19, Aircraft, C4ISR, Company, Private Securities Litigation Reform Act, SAASM, Pandemic, Environment, U.S. Securities and Exchange Commission, Program, Government, Forward-looking statement, Subsidiary, CEO, Interim, DOD, Electronics, Transport, Network affiliate, Research, Security (finance), GLOBE, Q2, FEI, Operating cost, International, GPS, Airline, Communications satellite, Risk management

Operating loss for the first quarter of fiscal 2023 was $3.1 million compared to an operating loss of $1.7 million for the same period of fiscal 2022.

Key Points: 
  • Operating loss for the first quarter of fiscal 2023 was $3.1 million compared to an operating loss of $1.7 million for the same period of fiscal 2022.
  • FEI Interim President and CEO, Thomas McClelland commented, The first quarter of fiscal 2023, continued to be challenging financially, but aggressive steps to correct things are in progress.
  • A major leadership change was made with one month remaining in the first quarter, so the opportunity to impact the first quarter results was limited.
  • Net cash used in operations was $3.6 million in the first quarter of fiscal year 2023, compared to cash provided by operations of $828,000 for the same period of fiscal year 2022.

Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Tuesday September 13, 2022, at 4:30 PM ET

Retrieved on: 
Friday, September 9, 2022
Frequency, C4ISR, Research, FEIM, Government, NASDAQ, RF, Interim, Investor relations, GPS, Aircraft, SAASM, GLOBE, International, Company, DOD, Electronics, Unmanned aerial vehicle, Subsidiary, Network affiliate, Mobile phone, Communications satellite

Investors and analysts may also access the call by dialing 888-506-0062. International callers may dial 973-528-0011.

Key Points: 
  • Investors and analysts may also access the call by dialing 888-506-0062. International callers may dial 973-528-0011.
  • Callers should provide participant access code: 743477 or ask for the Frequency Electronics conference call.
  • Frequency Electronics, Inc. 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.
  • Additional information is available on the Companys website: www.frequencyelectronics.com
    Contact information: Dr. Thomas McClelland, Interim President and Chief Executive Officer; Steven Bernstein, Chief Financial Officer;

Scorpio Gold – Closing of Convertible Loans in Principal Amount of up to US$2,450,000

Retrieved on: 
Thursday, August 18, 2022
Risk, Forward-looking statement, GLOBE, Finance Secretary (India), Subsidiary, Indian stock exchange, TSX Venture Exchange, LLC, Company, Mineral, Convertible, Exchange, Nature, SGN, Terminology, Security (finance)

To date, the Lenders have advanced an aggregate of US$2,350,000 to the Company, which amount has been incorporated into the Loans.

Key Points: 
  • To date, the Lenders have advanced an aggregate of US$2,350,000 to the Company, which amount has been incorporated into the Loans.
  • The Company intends to use the proceeds of the Loans to advance its Goldwedge property and for general working capital purposes.
  • The outstanding principal amount of the Loans bear interest at a rate of 123/8% per annum, compounding monthly.
  • A total of 38,733,333 Common Shares are issuable on conversion of the outstanding principal amount of Loans, subject to adjustment.

D.A. Davidson Closes $160M in Bonds to Advance Next Generation Aerial Firefighting Platforms

Retrieved on: 
Thursday, August 11, 2022
Environment, Finance, Air, Environmental Issues, Natural Disasters, Transport, Professional Services, Aerospace, Manufacturing, Environmental, Social and Governance (ESG), Plague, Intelligence, CEO, Subsidiary, Technology, Navy, Indian Forest Service, Growth, LLC, Canadair CL-415, Climate, ESG, S&P Global, Wildfire, Aircraft, Forest service, Fire, Acquisition, Bozeman Yellowstone International Airport, Bridger Aerospace, Solution, Airline

Achieving a financing of this type and scale with a partner like Bridger Aerospace is a historic milestone for D.A.

Key Points: 
  • Achieving a financing of this type and scale with a partner like Bridger Aerospace is a historic milestone for D.A.
  • Amid record-breaking, year-round wildfire seasons and a changing climate, Bridger meets an underserved and growing need for next-generation and full-service aerial firefighting platforms by leveraging sustainable and environmentally safe firefighting methods.
  • Based in Bozeman, Montana, Bridger Aerospace Group, LLC is one of the nations largest privately held aerial firefighting companies.
  • Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation.

KraneShares Global Carbon Offset ETF (KSET) Now Tracks S&P Dow Jones Index

Retrieved on: 
Monday, August 1, 2022
Carbon, Cayman Islands, Dow Jones, Registry, Wind, Financial adviser, Atmosphere, New, Subsidiary, CME Group, Goldman, S&P Dow Jones Indices, Commodity Exchange Act, LLC, GHG, KSET, Commodity, SIDCO, GSCI, Investment, CFTC, NAV, BID, Research, Standard, Compliance, Real assets, Climate change, Prospectus, Farm, Growth, Exchange-traded fund, Ticker, ETF, Industry, Fund, SEC, VCM, S, GEOS, Risk, NBBO, Time, Goldman Sachs, History, Partner, S&P, IHS Markit, Loss, Investment Company Act of 1940, S&P Global, Overalls, Contract, Financial services, Iron ore, Renewable energy, Life insurance, Security (finance), Index

KSET, listed on the New York Stock Exchange on April 27 this year, is the first US-Listed ETF to track the global Voluntary Carbon Markets (VCM)1, which is complementary to the global carbon allowance markets tracked by KraneShares' flagship global carbon ETF (KRBN).

Key Points: 
  • KSET, listed on the New York Stock Exchange on April 27 this year, is the first US-Listed ETF to track the global Voluntary Carbon Markets (VCM)1, which is complementary to the global carbon allowance markets tracked by KraneShares' flagship global carbon ETF (KRBN).
  • "Previously, KraneShares and IHS Markit, which is now part of S&P Global, made history when we launched the KraneShares Global Carbon Strategy ETF (KRBN).
  • The governing bodies overseeing the registration and verification of carbon offset projects are called carbon offset registries.
  • For additional information on the KraneShares Global Carbon Offset Strategy ETF (Ticker: KSET), contact your financial advisor or visit kraneshares.com/KSET .

Frequency Electronics, Inc., Announces the Selection of its High Precision Oscillators and Frequency Generation Products for a Critical Military Satellite System

Retrieved on: 
Friday, July 29, 2022
FEI, Frequency, Environment, Subsidiary, GLOBE, Aircraft, Network affiliate, Unmanned aerial vehicle, CEO, Electronics, Government, Research, Interim, Company, C4ISR, DOD, SAASM, RF, GPS, Spacecraft, Communications satellite

MITCHEL FIELD, N.Y., July 29, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (FEI or the Company) (NASDAQ-FEIM) today announces the selection of its high precision oscillators and frequency generation products for a critical military satellite system.

Key Points: 
  • MITCHEL FIELD, N.Y., July 29, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (FEI or the Company) (NASDAQ-FEIM) today announces the selection of its high precision oscillators and frequency generation products for a critical military satellite system.
  • The award is a follow-on option on a current contract and is valued at approximately $6.3 million dollars.
  • FEI continues to be the go-to solution for the most mission critical elements of the spacecraft, the timing and frequency systemsthe heart of the satellite.
  • Frequency Electronics, Inc. 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.

Frequency Electronics, Inc. Announces Year End Fiscal Year 2022 Financial Results

Retrieved on: 
Wednesday, July 13, 2022
Income, Unmanned aerial vehicle, Security (finance), GPS, U.S. Securities and Exchange Commission, Transport, Aircraft, FEI, Environment, RF, Company, Interim, COVID, CEO, GLOBE, Government, COVID-19, Private Securities Litigation Reform Act, Network affiliate, International, Forward-looking statement, Subsidiary, Frequency, Research, DOD, Pandemic, Electronics, C4ISR, SAASM, Operating cost, Online gambling, Potash, Communications satellite, Morion

Operating loss for fiscal 2022 was $8.0 million compared to an operating loss of $958,000 for fiscal 2021.

Key Points: 
  • Operating loss for fiscal 2022 was $8.0 million compared to an operating loss of $958,000 for fiscal 2021.
  • Revenues in the FEI-New York segment were down year over year and fourth quarter fiscal 2022 revenues were also down as compared to fourth quarter fiscal 2021.
  • Despite the delay, backlog in the FEI-Zyfer segment was $4.3 million at fiscal year end, close to a $1M increase from the end of fiscal 2021.
  • Backlog in our FEI-Elcom operation was also up at fiscal 2022 year end as compared to fiscal 2021 year end.

Frequency Electronics, Inc., Announces Thomas McClelland as Interim CEO, Replacing Stanton Sloane Who Has Retired

Retrieved on: 
Wednesday, July 13, 2022
Technology, Unmanned aerial vehicle, Security (finance), GPS, U.S. Securities and Exchange Commission, Transport, Aircraft, FEI, Environment, RF, Company, Interim, GLOBE, Government, COVID-19, Private Securities Litigation Reform Act, Director, Network affiliate, Retirement, Forward-looking statement, Subsidiary, Frequency, Research, DOD, Columbia University, Board, Physics, Electronics, Workforce, C4ISR, Pandemic, Doctor of Philosophy, Board of directors, SAASM, Communications satellite, Risk management

He has the highest level of security clearance with the US government and holds a PhD in physics from Columbia University.

Key Points: 
  • He has the highest level of security clearance with the US government and holds a PhD in physics from Columbia University.
  • His expertise in space and timing is one of FEIs and our nations most vital disciplines for defense and security.
  • FEI Interim CEO Thomas McClelland commented, I worked closely with Stan for the past 4 years and wish him all the best in retirement.
  • Given these risks and uncertainties, investors should not rely on forward-looking statements as a prediction of actual results.

D.A. Davidson Acts as Financial Adviser to Timber Automation on Its Sale to USNR

Retrieved on: 
Wednesday, July 13, 2022
Professional Services, Other Natural Resources, Forest Products, Finance, Natural Resources, Banking, Technology, Lumber, Automation, Sale, Multimedia, Solution, Vista Equity Partners, Partnership, View, Face, Blue sage, Retirement, USNR, CFO, Subsidiary, Growth, Industry, Warehouse, Financial services

Davidson announced today that it served as financial adviser to Timber Automation (Timber), a portfolio company of Blue Sage Capital, on its sale to USNR, a division of Wood Technologies International, a portfolio company of One Equity Partners.

Key Points: 
  • Davidson announced today that it served as financial adviser to Timber Automation (Timber), a portfolio company of Blue Sage Capital, on its sale to USNR, a division of Wood Technologies International, a portfolio company of One Equity Partners.
  • (Graphic: Business Wire)
    We knew that USNR was the right owner for Timber from the outset, said John Steck, President of Timber Automation.
  • Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide.
  • Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

Frequency Electronics, Inc. Announces Year End Fiscal 2022 Financial Results Conference Call: Wednesday, July 13, 2022, at 4:30 PM ET

Retrieved on: 
Monday, July 11, 2022
Unmanned aerial vehicle, GPS, DOD, Network affiliate, International, Electronics, Investor relations, Company, Government, Aircraft, RF, GLOBE, Research, Frequency, Subsidiary, C4ISR, SAASM, NASDAQ, FEIM, Mobile phone, Communications satellite

MITCHEL FIELD, N.Y., July 11, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2022, ended April 30, 2022, on Wednesday, July 13, 2022, at 4:30 PM Eastern Time.

Key Points: 
  • MITCHEL FIELD, N.Y., July 11, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2022, ended April 30, 2022, on Wednesday, July 13, 2022, at 4:30 PM Eastern Time.
  • Investors and analysts may also access the call by dialing 1-888-506-0062. International callers may dial 1-973-528-0011.
  • Callers should provide participant access code: 989910 or ask for the Frequency Electronics conference call.
  • Subsequent to that, the call can be accessed via a link available on the companys website through October 12, 2022.