BK Technologies Expands American Manufacturing Announces Growing Surface Mount Capabilities; Strategic Initiative for U.S.-Based and Secure Supply Chain
BK Technologies Corporation (NYSE American:BKTI) announced the expansion of its PCB assembly capabilities in Florida through the addition of high-specification SMT equipment, which is expected to double production capacity. This initiative aims to enhance quality, reduce costs, and ensure a secure supply chain, particularly for U.S. Government agencies amid rising security concerns. Full production is anticipated by May 2021. The expansion supports the KNG product line and the launch of the new BKR line, aligning with the company's strategic focus on U.S.-based manufacturing for better quality control and efficiency.
- Expansion of PCB assembly capacity is expected to double production.
- Enhancements in quality control and reduced lead times.
- Strategic initiative to focus on U.S.-based manufacturing improves supply chain security.
- None.
WEST MELBOURNE, FL / ACCESSWIRE / April 28, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that its American manufacturing operations in Florida has expanded printed circuit board (PCB) assembly capabilities and capacity with the addition of high-specification surface mount technology (SMT) equipment. The expansion is anticipated to double capacity and allow for additional production shifts. The equipment has been deployed, with full production anticipated for May 2021.
With a core objective based in providing world-class quality, value and responsiveness, BK Technologies launched a strategic initiative several years ago to significantly upgrade its manufacturing processes. Among other things, the initiative included bringing certain activities, such as SMT, in-house while migrating others to U.S.-based manufacturing partners and qualified second-sources for back-up. This strategy allows for improved quality control and shortened lead-time, while guarding against business interruptions, which ultimately yields benefits in product costs, inventory throughput and working capital management.
As an added benefit, BK's internal American manufacturing and U.S.-based relationships provide a more secure supply chain. Such a dynamic is becoming increasingly critical, particularly for U.S. Government agencies, in a domestic and worldwide landscape with ever-heightened security concerns.
Randy Willis, BK Chief Operations Officer stated, "BK has ramped-up our PC Board assembly operations over the last 2 years to support the KNG family of products as well as the launch of the new BKR product line. Additional manufacturing capability and capacity gives us the best opportunity to maximize quality, minimize costs, and meet customer expectations for a secure supply chain."
About BK Technologies
BK Technologies Corporation is an American holding company deeply rooted in the public safety communications industry, with its operating subsidiary manufacturing 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 website 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 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; 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 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; 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:
Hayden IR
James Carbonara
james@haydenir.com
(646)-755-7412
SOURCE: BK Technologies Corporation
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