BK Technologies Secures Business from a New Municipal Fire & Rescue Customer in Idaho For New BKR 5000

Rhea-AI Summary

BK Technologies Corporation (NYSE American: BKTI) has secured a new contract with a municipal fire and rescue client in Idaho for its BKR 5000 Digital P-25 portable communications device. With 26% of homes in Idaho at high risk for wildfires, this development is crucial for enhancing emergency communication capabilities. The BKR 5000 features advanced functionalities, including Bluetooth and GPS, and is designed for rugged use. BK Technologies aims to leverage this product to expand its market presence and cater to new verticals.

Positive

• Acquisition of new municipal customer in Idaho for BKR 5000.
• BKR 5000 designed to meet emergency communication needs in wildfire-prone areas.
• Includes advanced features like Bluetooth and GPS for improved functionality.

Negative

• None.

WEST MELBOURNE, FL / ACCESSWIRE / March 16, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that a new municipal fire & rescue customer in the state of Idaho selected the BK Technologies BKR 5000 Digital P-25 portable to fulfill its emergency fire communications requirements.

BK President Tim Vitou commented, "Idaho ranked number two in the nation for the percentage of homes (26%) at a high or extreme risk from wildfires in 2018. We are privileged to supply fire and rescue workers in Idaho with our new BKR 5000 portable communications technology. For over 70 years, BK Technologies has served public safety heroes with dependable communications under demanding conditions when every moment counts."

The new BKR5000 includes Bluetooth, GPS, and BK's long-popular cloning capability. The new form factor includes a top-display, large control buttons for use with heavy gloves, and an IP68 ruggedized housing available in either black or optic yellow. The new intuitive user interface maintains the same ease-of-use characteristics that have been customer-proven and well accepted in the current BKTI products, software, and programming editors; which further allows for an easy transition from current BKTI products to the new BKR Series.

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 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 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 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

View source version on accesswire.com:
https://www.accesswire.com/635643/BK-Technologies-Secures-Business-from-a-New-Municipal-Fire-Rescue-Customer-in-Idaho-For-New-BKR-5000

FAQ

What is the latest news about BK Technologies (BKTI)?

BK Technologies has secured a contract with a new municipal fire and rescue customer in Idaho for its BKR 5000 communications device.

What features does the BKR 5000 have?

The BKR 5000 includes Bluetooth, GPS, a top-display, large control buttons, and IP68 ruggedized housing.

Why is the BKR 5000 important for Idaho?

Idaho is at a high risk for wildfires, making reliable communication devices like the BKR 5000 essential for emergency response teams.

How does BK Technologies plan to grow its market share?

The company aims to enhance its capabilities and address new vertical markets with the launch of its BKR 5000 communications technology.