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BK Technologies Receives $3.3 Million Purchase Order for BKR 9000 Radios from the Florida Forest Service

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BK Technologies has received a $3.3 million purchase order from the Florida Forest Service for their BKR 9000 multiband portable radios. The order comes after field testing both BKR 5000 and BKR 9000 models, with the customer choosing the BKR 9000 for its multiband capabilities and superior interoperability with city and county trunked systems. The radios will be used for wildland fire operations, controlled burns, and research activities. The order was processed through the National Association of State Procurement Officials (NASPO) contract vehicle.

BK Technologies ha ricevuto un ordine d'acquisto di 3,3 milioni di dollari dal Florida Forest Service per le loro radio portatili multibanda BKR 9000. L'ordine arriva dopo aver testato sul campo sia i modelli BKR 5000 che BKR 9000, con il cliente che ha scelto il BKR 9000 per le sue capacità multibanda e la superiore interoperabilità con i sistemi trunking delle città e delle contee. Le radio saranno utilizzate per operazioni di lotta agli incendi boschivi, incendi controllati e attività di ricerca. L'ordine è stato elaborato attraverso il veicolo contrattuale della National Association of State Procurement Officials (NASPO).

BK Technologies ha recibido una orden de compra de 3.3 millones de dólares del Servicio Forestal de Florida para sus radios portátiles multibanda BKR 9000. La orden llega después de realizar pruebas de campo con los modelos BKR 5000 y BKR 9000, siendo el cliente quien eligió el BKR 9000 por sus capacidades multibanda y su superior interoperabilidad con los sistemas trunked de ciudades y condados. Las radios se utilizarán para operaciones de incendios forestales, quemas controladas y actividades de investigación. La orden se procesó a través del vehículo contractual de la Asociación Nacional de Funcionarios de Adquisiciones Estatales (NASPO).

BK Technologies는 플로리다 산림청으로부터 을 받았습니다. 이 주문은 BKR 5000 및 BKR 9000 모델에 대한 현장 시험 후에 이루어졌으며, 고객은 BKR 9000을 멀티밴드 기능과 도시 및 카운티 트렁킹 시스템과의 우수한 상호운용성으로 선택했습니다. 이 라디오는 야생 화재 작전, 통제된 연소 및 연구 활동에 사용될 것입니다. 이 주문은 주 정부 조달 공무원 협회(NASPO) 계약 수단을 통해 처리되었습니다.

BK Technologies a reçu un ordre d'achat de 3,3 millions de dollars du Service forestier de la Floride pour ses radios portables multibande BKR 9000. La commande fait suite à des tests sur le terrain des modèles BKR 5000 et BKR 9000, le client ayant choisi le BKR 9000 pour ses capacités multibande et sa supériorité d'interopérabilité avec les systèmes de trunking des villes et des comtés. Les radios seront utilisées pour des opérations de lutte contre les incendies de forêt, des brûlages contrôlés et des activités de recherche. La commande a été traitée par le biais du véhicule contractuel de la National Association of State Procurement Officials (NASPO).

BK Technologies hat einen Bestellauftrag über 3,3 Millionen Dollar vom Florida Forest Service für ihre tragbaren Multiband-Radios BKR 9000 erhalten. Der Auftrag erfolgt nach Feldtests der Modelle BKR 5000 und BKR 9000, wobei sich der Kunde für den BKR 9000 aufgrund seiner Multiband-Fähigkeiten und der überlegenen Interoperabilität mit kommunalen und bundesstaatlichen trunking Systemen entschieden hat. Die Radios werden für Waldbrandoperationen, kontrollierte Brennungen und Forschungsaktivitäten eingesetzt. Der Auftrag wurde über das Vertragsinstrument der National Association of State Procurement Officials (NASPO) bearbeitet.

Positive
  • Secured significant $3.3 million purchase order
  • Customer chose BKR 9000 over BKR 5000 after field testing
  • Demonstrates growing demand for BKR 9000 in public safety sector
  • Maintains long-term customer relationship with Florida Forest Service
Negative
  • None.

Insights

This $3.3 million purchase order represents a significant win for BK Technologies, particularly given their market cap of $94.3 million. The order value constitutes approximately 3.5% of their market capitalization, making it a material contract. The deal highlights three important business strengths:

  • Customer retention through the Florida Forest Service's continued loyalty
  • Product superiority demonstrated by the customer's choice of BKR 9000 after field testing
  • Established government procurement channels via NASPO, enabling streamlined future sales
The contract signals growing market acceptance of the BKR 9000 platform and could serve as a reference point for other state forestry services, potentially leading to follow-on orders. The standardization decision by Florida Forest Service is particularly noteworthy as it suggests potential for recurring revenue through future fleet upgrades and expansions.

WEST MELBOURNE, FL / ACCESSWIRE / October 30, 2024 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it has received a $3.3 million purchase order from the Florida Forest Service for the Company's BKR 9000 multiband portable radio. The radios will be used by several different branches within the organization including wildland fire and land management for fighting active wildland fires and facilitating controlled burns, as well as in research to improve biodiversity and ecosystem health.

John Suzuki, CEO of BK Technologies, commented, "The Florida Forest Service has been a longterm BK customer. As part of their life cycle radio replacement program, the customer spent time field testing both the BKR 5000 and BKR 9000, ultimately choosing to standardize on the BKR 9000 for the radio's multiband capabilities and superior interoperability with city and county trunked systems during forestry operations. Through our established government contract vehicle with the National Association of State Procurement Officials (NASPO), we're pleased to supply a high quality, reliable communications technology to this organization, and are encouraged by this order and others like it that demonstrate the growing demand for the BKR 9000 among public safety agencies."

The mission of the Florida Forest Service is to protect and manage the forest resources of Florida, ensuring that they will be available for future generations. Their fire management operations are focused on reducing the threat of life and property, forests and other related at-risk wildland, while promoting natural resource management through the use of prescribed fire. The Florida Forest Service oversees the operations of 38 state forests and one ranch totaling over 1.1 million acres of land.

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' SaaS business focuses on new, innovative public safety smartphone services that will make the first responders safer or 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 and primary manufacturing facility 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

Litigation Reform Act of 1995. 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; the success of our land mobile radio product line and SaaS business segment; 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 new multiband product and other related products in the BKR Series product line and the Company's SaaS solutions; 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, any impact from a prolonged shutdown of the U.S. Government, the effects of natural disasters, changes in climate, severe weather events, geopolitical events, acts of war or terrorism, global health epidemics or pandemics and catastrophic events, as well as the broader impacts to financial markets and the global macroeconomic and geopolitical environments; 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 natural disasters, changes in climate, severe weather events, geopolitical events, acts of war or terrorism, global health epidemics or pandemics and catastrophic events 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; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results and stock price; 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, 2022, 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.

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 accesswire.com

FAQ

What is the value of the Florida Forest Service purchase order for BK Technologies (BKTI)?

The Florida Forest Service placed a $3.3 million purchase order for BK Technologies' BKR 9000 multiband portable radios.

Which radio model did Florida Forest Service choose from BK Technologies (BKTI)?

After field testing both options, the Florida Forest Service chose the BKR 9000 over the BKR 5000 for its multiband capabilities and superior interoperability.

How will Florida Forest Service use BK Technologies (BKTI) radios?

The radios will be used for wildland fire operations, controlled burns, and research activities to improve biodiversity and ecosystem health.

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Communication Equipment
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WEST MELBOURNE