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Subsidiaries of the Registrant
3 Months Ended
Mar. 31, 2017
Subsidiaries Of Registrant [Abstract]  
Subsidiaries of the Registrant

A.

Subsidiaries of the Registrant

The LGL Group, Inc. (the "Company"), incorporated in 1928 under the laws of the State of Indiana and reincorporated under the laws of the State of Delaware in 2007, is a holding company with subsidiaries engaged in the designing, manufacturing and marketing of highly-engineered, high reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits, and in the design of high performance Frequency and Time Reference Standards that form the basis for timing and synchronization in various applications.  

As of March 31, 2017, the subsidiaries of the Company were as follows:  

 

 

 

Owned By

The LGL

Group, Inc.

 

M-tron Industries, Inc.

 

 

100.0%

 

Piezo Technology, Inc.

 

 

100.0%

 

Piezo Technology India Private Ltd.

 

 

99.0%

 

M-tron Asia, LLC

 

 

100.0%

 

M-tron Industries, Ltd.

 

 

100.0%

 

GC Opportunities Ltd.

 

 

100.0%

 

M-tron Services, Ltd.

 

 

100.0%

 

Precise Time and Frequency, LLC

 

 

100.0%

 

Lynch Systems, Inc.

 

 

100.0%

 

 

The Company operates through its two principal subsidiaries, M-tron Industries, Inc. (“MtronPTI”), which includes the operations of Piezo Technology, Inc. ("PTI") and M-tron Asia, LLC ("Mtron"), and Precise Time and Frequency, LLC ("PTF"), a subsidiary formed to hold the assets of Precise Time and Frequency, Inc. acquired September 2, 2016. Additionally, the Company operates in two identified segments. The first segment, the electronic components segment, is focused on the design and manufacture of highly-engineered, high reliability frequency and spectrum control products.  These electronic components ensure reliability and security in aerospace and defense communications, low noise and base accuracy for laboratory instruments, and synchronous data transfers throughout the wireless and Internet infrastructure. The second segment, the electronic instruments segment, is focused on the design and manufacture of high performance Frequency and Time Reference Standards that form the basis for timing and synchronization in various applications. The Company has operations in Orlando, Florida, Yankton, South Dakota, Wakefield, Massachusetts and Noida, India and sales offices in Sacramento, California, Austin, Texas and Hong Kong.