BK Technologies Rebrands and Expands SaaS Solutions Business Unit

Rhea-AI Summary

BK Technologies (NYSE American:BKTI) has announced the establishment and expansion of its Solutions unit, rebranding its software-as-a-service (SaaS) business under the BK ONE brand name. The unit, led by James Teel, focuses on developing innovative communication platforms for emergency and planned events.

The BK ONE portfolio includes three key solutions:

• InteropONE: A Push-To-Talk Over Broadband service enabling on-demand user group creation for smartphone users
• LocateONE: An on-premise solution providing real-time GPS tracking of personnel and assets
• RelayONE: A portable repeater kit extending range and facilitating interoperability among public safety and military radios

CEO John Suzuki emphasized that BK ONE's solutions address interoperability challenges in public safety communications, particularly when integrated with BKR Series radios, potentially driving sales across both product lines.

Positive

• Strategic expansion into SaaS solutions market
• Potential for increased cross-selling between BK ONE solutions and BKR radios
• Diversification of revenue streams through software and hardware offerings

Negative

• No immediate revenue projections provided
• Entering competitive communications software market

- Newly formed Solutions unit is dedicated to developing innovative and interoperable communications applications to promote unified response for planned and emergency events

- Solutions unit includes the BK ONE family of offerings, comprised of InteropONE, LocateONE, RelayONE and future offerings

WEST MELBOURNE, FL / ACCESS Newswire / March 4, 2025 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced the establishment of its Solutions unit, representing the expansion and relaunch of its software-as-a-service (SaaS) solutions business unit to now include SaaS, software applications and certain hardware offerings under the BK ONE brand name. The unit is dedicated to developing innovative solutions that create reliable communication platforms to promote fast, unified responses for planned and emergency events. James Teel will continue his leadership role of the expanded Solutions business unit.

The BK ONE portfolio of solutions includes: InteropONE, BK's Push-To-Talk Over Broadband (PTToB) service that enables the on-demand creation of user groups that can include anyone with an active smartphone; LocateONE, an on-premise solution that provides real-time tracking of personnel and assets in the field using GPS functionality; and RelayONE, a rapidly deployed portable repeater kit designed to extend range and facilitate interoperability among different types of public safety and military radios. BK ONE will also include future interoperability-centric solutions that are currently under development. The BK ONE portfolio of solutions is designed to enhance the effectiveness of first responders and other public safety personnel while keeping them safer

John Suzuki, CEO of BK Technologies, commented, "Interoperability between communication devices and platforms has long been a challenge for the public safety market. In the field, first responders are increasingly using public safety smartphone applications, often through a variety of smartphone providers and platforms. When a crisis hits, BK ONE offers rapidly deployable interoperability solutions which significantly increase the effectiveness of the public safety response while keeping the first responders safe. When a BK ONE solution is teamed with a BKR Series radio, the first responder receives an enhanced user experience, a benefit that we believe will drive sales of both our BK ONE solutions and our BKR series radios."

About BK Technologies
BK Technologies Corporation, through its operating subsidiaries, designs and manufactures high-specification, communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies' Solutions business focuses on new, innovative public safety LMR/broadband convergence solutions that makes first responders safer and more productive. BK Technologies is honored to serve these heroes 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 statements about future events and expectations which are "forward-looking statements" within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Exchange Act. These forward-looking statements concern the Company's operations, economic performance, and financial condition, including, but not limited to 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 include, among others, the following: changes or advances in technology; SaaS and Radio business lines and the products offered thereunder; 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 SaaS products, and our new multiband radio 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 higher inflation and its impacts, federal, state and local government budget deficits and spending limitations; the availability, terms and deployment of capital;impact of geopolitical instability, including as a result of the military conflicts between Russia and Ukraine, and in the Middle East; the duration and impact of the COVID-19 pandemic; 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 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; 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; 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, 2023, 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 statement.

This press release and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to generally accepted accounting principles ("GAAP"). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the release.

Company Contact:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
bktechnologies@imsinvestorrelations.com
(203) 972-9200

SOURCE: BK Technologies Corporation

View the original press release on ACCESS Newswire

FAQ

What solutions are included in BK Technologies' (BKTI) new BK ONE portfolio?

BK ONE includes InteropONE (Push-To-Talk Over Broadband service), LocateONE (real-time GPS tracking), and RelayONE (portable repeater kit), with more solutions under development.

How does BKTI's InteropONE solution benefit first responders?

InteropONE enables on-demand creation of user groups for anyone with an active smartphone, improving communication during emergency responses.

What is the strategic advantage of BKTI's Solutions unit rebranding?

The rebranding combines SaaS, software applications, and hardware under one brand, potentially driving sales of both BK ONE solutions and BKR series radios.

Who leads BKTI's newly expanded Solutions business unit?

James Teel continues to lead the expanded Solutions business unit at BK Technologies.