Valpey Fisher Corporation ( NASDAQ: VPF), and Precise Time and Frequency, Inc. (PTF) today jointly announced an agreement in which PTF products will be sold and distributed worldwide by Valpey Fisher -- expanding its line of high performance integrated products for timing and frequency control. Terms of the agreement were not announced.

A privately-held company, Precise Time and Frequency, Inc. will continue to be active in the design, engineering, and manufacture of its frequency, time, GPS and switch products. New products will continue to be developed with input from new and existing customers.

Through this agreement, Valpey Fisher will productize the line of PTF products and market them under the Valpey Fisher brand. Products will be sold and distributed through the direct and indirect global sales channels of Valpey Fisher.

Over the next 60 days, PTF products will be integrated into the Valpey Fisher product family through creation of new product classifications, models and product numbering, and the integration of the products into Valpey Fisher’s product literature, websites, and catalogs.

“Our products are the ‘ heartbeat’ of many of today’s systems used in commercial and military applications,” said David Briggs, CEO, Precise Time and Frequency, Inc. “Leveraging Valpey Fisher’s extensive sales network will enable PTF to make our leading edge technologies available to a much broader marketplace.”

“Our alliance with Precise Time and Frequency is a ‘win-win’ combination that unites best of breed technology and talent with strong global sales, marketing, and support infrastructure,” said Michael Ferrantino, President and CEO, Valpey Fisher Corporation. “While our companies have previously operated as separate entities, both share a common commitment to delivering high performance in mission critical applications at affordable prices. Valpey Fisher looks forward to working closely with the PTF team and building value for both of our companies, our stakeholders and our customers.”

About Precise Time and Frequency, Inc.

Headquartered on the North Shore of Boston, USA, Precise Time and Frequency, Inc. specializes in the design, manufacture, and supply of premium performance time and frequency reference instruments, from high quality quartz oscillators and GPS based time and frequency instruments, to high performance rubidium standards. Over the past decade PTF has established a strong reputation for listening to the needs of their customers and delivering cost effective solutions to the most demanding applications. Spanning both military and commercial markets, applications include metrology standards, synchronization of communications, radio and TV broadcasting, mobile WiMax, precision references for satellite ground station up/down converters, network time sources, fiber optic signal distribution, satellite payload testing standards, ship-board time distribution, and radio astronomy references.

About Valpey Fisher

Valpey Fisher Corporation (NASDAQ: VPF) is a global leader in the design, development, and manufacture of high-accuracy subsystems integrated into digital and optical telecommunications systems in use throughout the world for voice, data and military communications. For more than 80 years, customers have chosen Valpey Fisher as their preferred supplier of the electronic components and subsystems that drive their business. Companies pick Valpey Fisher for its long history of technology innovation, its high-quality precision products, and its top-to-bottom commitment to customers to provide and support custom solutions that meet their evolving needs. The Company’s products enable communications system vendors to increase network data capacity and improve voice and video quality. Through its broad range of timing, control and measurement solutions that deliver high performance, uncompromised precision, and consistent reliability-- Valpey Fisher partners with customers to help them succeed in the markets they compete in including wireless and wireline infrastructure, microwave radio, military communications, instrumentation, imaging and industrial applications. Valpey Fisher’s global customer base of original equipment manufacturers (including Alcatel-Lucent, BAE Systems, Google, IBM, Juniper Networks, and Raytheon) and electronics manufacturing services companies are served by direct sales personnel, independent manufacturers’ representatives, and distributors worldwide.

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