BK Technologies Appoints Industry Veteran James Teel to Lead New SaaS Solutions Business
BK Technologies Corporation announced the appointment of James Teel as the leader of its new software-as-a-service (SaaS) solutions unit. Teel, with over 30 years in wireless communications, previously held key roles at L3Harris Corporation and has significant experience in launching SaaS businesses. CEO John Suzuki emphasized the strategic importance of this appointment, aiming to enhance first responder technology and capture market share. Teel expressed enthusiasm for leveraging BK's established market position to deliver new subscription-based software solutions.
- Appointment of James Teel, an industry veteran, to lead the new SaaS business unit.
- Teel's experience in successfully launching SaaS solutions at L3Harris is expected to strengthen BK's market position.
- The SaaS solutions are aimed at enhancing communications technology for public safety professionals.
- None.
WEST MELBOURNE, FL / ACCESSWIRE / March 23, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced the appointment of James Teel to lead the Company's new software-as-a-service (SaaS) solutions business unit.
Mr. Teel brings more than 30 years of experience in the wireless communications industry. From 2007 to 2021, Mr. Teel was with L3Harris Corporation where he held positions including Director of Product Line Management and Director of Business Development for the Public Safety & Professional Communications division, where he played a major role in launching their SaaS business. Mr. Teel previously spent six years at UT Starcom/Commworks/3Com as Senior Director, Business Development for the 3G Business Unit, and Director of Security Solutions for Mobile Connectivity. From 1987 to 2000, Mr. Teel held several positions at GE/Ericsson and was rapidly promoted from software engineer through roles of increasing responsibility in engineering management, product management and business development. He received a Bachelor of Science from West Virginia University and a Master of Business Administration from Duke University.
John Suzuki, Chief Executive Officer of BK Technologies, commented, "We are thrilled to welcome James in his leadership role for the new business unit. As a leader in the land mobile radio market, we are positioning ourselves at the forefront of what we believe to be a significant industry-wide communications transition that will further improve the safety and productivity of our first responders and allow us to continue to grow our market share. James is a proven leader in the mobile communications sector, and we look forward to leveraging his expertise and insights as we scale our business."
James Teel, General Manager, stated, "I am delighted to be joining BK Technologies at an exciting time in the industry. As first responder technology continues to evolve, there is a tremendous opportunity to leverage BK's established market position to deliver a suite of subscription-based software applications with unique feature sets and functionality that extend our relationship beyond the private network applications currently in place. I look forward to working with the team to launch a comprehensive SaaS platform backed by BK's proven experience and success, with the goal of bringing new solutions to address the mission critical communications needs of new and existing public safety customers."
About BK Technologies
BK Technologies Corporation manufactures high-specification, American-made communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies is honored to serve these heroes with reliable equipment when every moment counts. The Company's common stock trades on the NYSE American market under the symbol "BKTI". Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at www.bktechnologies.com or directly at 1-800-821-2900.
Forward-Looking Statements
This press release contains certain forward-looking statements that are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the Company's operations, economic performance, and financial condition, including, but not limited to, statements regarding the Company's long-term strategic plan, and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors and risks, some of which have been, and may further be, exacerbated by the COVID-19 pandemic, include, among others, the following: changes or advances in technology; the success of our land mobile radio product line; disruption in the global supply chain creating delays, unavailability and adverse conditions; successful introduction of new products and technologies, including our ability to successfully develop and sell our anticipated new multiband product and other related products in the planned new BKR Series product line; competition in the land mobile radio industry; general economic and business conditions, including federal, state and local government budget deficits and spending limitations, any impact from a prolonged shutdown of the U.S. Government, and the ongoing effects of the COVID-19 pandemic; the availability, terms and deployment of capital; reliance on contract manufacturers and suppliers; risks associated with fixed-price contracts; heavy reliance on sales to agencies of the U.S. Government and our ability to comply with the requirements of contracts, laws and regulations related to such sales; allocations by government agencies among multiple approved suppliers under existing agreements; our ability to comply with U.S. tax laws and utilize deferred tax assets; our ability to attract and retain executive officers, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates for, and to consummate, acquisition, disposition or investment transactions, and risks incumbent to being a noncontrolling interest stockholder in a corporation; impact of the COVID-19 pandemic on the companies in which the Company holds investments; impact of our capital allocation strategy; risks related to maintaining our brand and reputation; impact of government regulation; impact of rising health care costs; our business with manufacturers located in other countries, including changes in the U.S. Government and foreign governments' trade and tariff policies, as well as any further impact resulting from the COVID-19 pandemic; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results and stock price; acts of war or terrorism, natural disasters and other catastrophic events, such as the COVID-19 pandemic; any infringement claims; data security breaches, cyber-attacks and other factors impacting our technology systems; availability of adequate insurance coverage; maintenance of our NYSE American listing; risks related to being a holding company; and the effect on our stock price and ability to raise equity capital of future sales of shares of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and in the Company's subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Company Contact:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
bktechnologies@imsinvestorrelations.com
(203) 972-9200
SOURCE: BK Technologies Corporation
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