BK Technologies Receives $1.1 Million Order From National Interagency Fire Center

Rhea-AI Summary

BK Technologies Corporation (NYSE American: BKTI) announced an order worth approximately $1.1 million from the National Interagency Fire Center (NIFC) for its KNG2-Series Digital P-25 portable radios. This order, set to be fulfilled in the third quarter of 2020, underscores the company's long-standing relationship with the wildland firefighting community. BK's radios have been instrumental in fire suppression efforts for over a decade, showcasing features like ease of use and long battery life that meet the needs of first responders.

Positive

• Received a significant order of approximately $1.1 million from NIFC for KNG2-Series radios, enhancing revenue stream.
• Long-standing relationship with NIFC demonstrates trust and reliability in BK's products within the firefighting community.

Negative

• None.

WEST MELBOURNE, FL / ACCESSWIRE / August 18, 2020 / BK Technologies Corporation (NYSE American:BKTI) today announced that its operating subsidiary received an order totaling approximately $1.1 million dollars from the National Interagency Fire Center (NIFC). The order is for BK's KNG2-Series Digital P-25 portable radios with related accessories. This order is anticipated to be fulfilled during the third quarter of 2020.

BK President Tim Vitou commented, "As we have for so many years, BK is proud to support NIFC and the professional wildland firefighting community. They have relied upon our products in wildland fire suppression efforts for over two decades; first deploying our E-Series and G-Series analog radios, then our P-25 D-Series radios, and more recently migrating to our KNG2 P-25 digital radios. BK's extended track record of dependability in harsh and life-threatening conditions has clearly earned the NIFC's confidence as demonstrated by this recent order."

BK's KNG2-Series P25 public safety grade radios have been a cornerstone for tactical communications in the wildland firefighting community for over 10 years. The proven design has been enhanced with the features and functionality needed by firefighters for command and control operations. Ease of use, long battery life, loud clear audio and features such as radio-to-radio in- the-field programming, also known as cloning, makes the KNG2-Series the industry leader in the wildland fire suppression vertical market. https://www.bktechnologies.com/product/kng2-portable-radio/

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 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 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 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, 2019 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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https://www.accesswire.com/602056/BK-Technologies-Receives-11-Million-Order-From-National-Interagency-Fire-Center

FAQ

What recent order did BK Technologies receive?

BK Technologies received an order worth approximately $1.1 million from the National Interagency Fire Center for KNG2-Series Digital P-25 portable radios.

When is BK Technologies expected to fulfill the NIFC order?

The order is anticipated to be fulfilled during the third quarter of 2020.

What is the significance of the KNG2-Series radios?

The KNG2-Series radios are vital for tactical communications in wildland firefighting and have been trusted for over a decade.

How does BK Technologies support the firefighting community?

BK Technologies provides reliable communication equipment that supports fire suppression efforts and enhances operational effectiveness for wildland firefighting.

What stock symbol is associated with BK Technologies?

BK Technologies trades under the stock symbol 'BKTI' on the NYSE American market.