High precision timing, frequency control and synchronization products supplier Frequency Electronics, Inc. (FEI) has acquired an approximate 20% interest in Elcom Technologies based in Rockleigh, New Jersey. Elcom designs and manufactures high switching speed, low phase noise microwave synthesizers, up-down converters, receivers, ceramic resonant oscillators and dielectric resonant oscillators up to 40 GHz. FEI and Elcom have entered into a mutual business and facilities support agreement. Consequently, Frequency has obtained an exclusive license to use Elcom's technology in space-borne applications.

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Commenting on this transaction, Martin Bloch, FEI’s president and CEO, said: "We are very pleased to establish this strategic and mutually beneficial relationship with the team at Elcom. We have acquired a significant ownership participation in a company with excellent technology and prospects for growth. In addition, Elcom provides FEI with added technology and resources to design and build microwave frequency generators, up-down converters and synthesizers for our expanding space business. Our agreement facilitates Elcom, in conjunction with FEI, to pursue larger programs where the capabilities of both companies are critical for best performance and affordability."

According to FEI, the combined companies will pursue systems requiring low phase noise, excellent short-term stability, fast switching speed, low g-sensitivity, small size and low power in airborne and other severe mobile environments.