BK Technologies Receives Order From Florida State Parks For BKR 5000

Rhea-AI Summary

BK Technologies (NYSE American: BKTI) has secured an order from Florida State Parks for its new BKR 5000 portable communications technology. This upgrade aims to enhance fire management capabilities across diverse terrains, including remote areas.

The BKR 5000, customizable in three tiers, is designed to meet public safety communication needs, incorporating feedback from first responders. The launch is expected to boost BK's market share and growth potential in vertical markets.

Positive

• Received an order for BKR 5000 from Florida State Parks, enhancing customer relationships.
• BKR 5000 designed with input from first responders, ensuring its relevance and effectiveness for the market.
• Expected to open new vertical markets and expand growth opportunities.

Negative

• None.

WEST MELBOURNE, FL / ACCESSWIRE / July 15, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received an order from Florida State Parks for its new BKR 5000 portable communications technology.

BK President Tim Vitou commented, "Florida State Parks has been a valued BK customer for many years, and we're pleased to support their upgrade to our new BK 5000 technology. By virtue of the state's geography, the agency contends with fire emergencies in both remote areas and in the wildland-urban interface. Its highly trained fire management professionals often cooperate with the Florida Forest Service as well as federal agencies for locations both within and outside of state parks, so it is critical that they have access to the most reliable, state-of-the-art portable communications platform. We look forward to continuing our support of Florida State Parks as they deploy our BKR 5000 portable communications technology to help the agency keep the vast area of recreational state parkland, as well as surrounding communities, protected during fire events."

The BKR 5000 comes in three tiers allowing maximum flexibility and customization for the user's mission-critical needs and has been designed to meet the requirements of today's tough Public Safety communications environment. The BKR 5000 was designed and developed by the BK Technologies engineering team with extensive input from customers to incorporate the features and options needed by first responders.

A full line of accessories is available including intelligent battery and charging solutions, IP68 remote speaker microphones, and the popular BK wildland fire alkaline battery "clamshell". The new BKR 5000 is expected to be a platform that enhances BK's ability to address significant new vertical markets leading to expanded growth and market share.

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

SOURCE: BK Technologies Corporation

View source version on accesswire.com:
https://www.accesswire.com/655573/BK-Technologies-Receives-Order-From-Florida-State-Parks-For-BKR-5000

FAQ

What is the significance of BK Technologies' order from Florida State Parks?

The order represents a commitment to upgrade communications technology that enhances fire management capabilities, indicating BK's strong customer relationship and market relevance.

What is the BKR 5000?

The BKR 5000 is a portable communications technology developed by BK Technologies, customizable for various mission-critical needs in public safety environments.

How does the BKR 5000 impact BK Technologies' market share?

The introduction of the BKR 5000 is expected to enhance BK's ability to enter new vertical markets, potentially leading to increased market share and growth.

What are BK Technologies' future growth plans?

BK Technologies aims to expand by enhancing its product line, including the BKR 5000, and tapping into new vertical markets for public safety communications.