Frequency Electronics (FEIM) investor relations material

Company overview and business model

• Specializes in precision time and frequency generation technology for commercial and U.S. government satellites, C4ISR, and electronic warfare systems.

• Evolved from a research and development firm to a designer, developer, and manufacturer for both commercial and government applications.

• Mission is to lead in precision time and low phase noise frequency generation systems for challenging environments.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for working capital and general corporate purposes.

• Specific allocation of proceeds will be detailed in the applicable prospectus supplement.

• Proceeds not immediately applied may be held as cash, bank deposits, or invested in cash equivalents or permitted securities.

• No proceeds will be received from the sale of shares by selling stockholders.

Risk factors and disclosures

• Risks include reliance on key customers (notably the U.S. government), use of estimates in contract accounting, actions by customers or competitors, and technological changes.

• Additional risks: dependence on third-party vendors, product pricing, raw material costs, ability to attract and retain key employees, economic conditions, health epidemics, supply chain disruptions, regulatory compliance, litigation, cybersecurity, and stock price volatility.

• Reference to detailed risk factors in the Annual Report on Form 10-K for the year ended April 30, 2026.