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BK Technologies Corporation (NYSE American: BKTI) is a distinguished leader in the public safety communications industry, catering to the needs of government agencies and public safety professionals worldwide. Headquartered in West Melbourne, Florida, the company specializes in the design, manufacturing, and marketing of high-specification communications equipment known for their exceptional reliability and value.
BK Technologies operates through two primary business units: the Radio business unit, which focuses on two-way land mobile radios (LMRs) for government and public safety markets, as well as industrial and commercial enterprises; and the SaaS business unit, which enhances first responders' safety and efficiency through innovative public safety smartphone applications.
The company’s product portfolio includes the BKR Series, featuring the BKR 5000 and BKR 9000 multiband radios, known for their compliance with APCO Project 25 specifications. These radios are utilized globally under the BK Radio and Relm brand names, supporting lifecycle upgrades and critical operations for various public safety agencies.
Recently, BK Technologies has experienced significant growth, as evidenced by their financial results for the third quarter of 2023, which saw a 68% increase in revenue and a return to profitability. The company has secured major purchase orders from prominent agencies such as the National Interagency Incident Communications Division and the Bureau of Land Management, reinforcing the demand and trust in their products.
In addition to their robust product lineup, BK Technologies continues to innovate with the introduction of the BKRplay IntelliPTT feature, which enables push-to-talk-over-broadband capabilities between smartphones and BKR Series radios. This advancement is set to enhance the operational capabilities of first responders significantly.
The company’s strategic move to outsource manufacturing to East West Manufacturing aims to simplify supply chain management, reduce production costs, and focus on core competencies in development and marketing. This transition is expected to improve gross margins and ensure uninterrupted production and shipping.
BK Technologies remains committed to serving public safety professionals with superior communications solutions. Their dedication to innovation, quality, and reliability continues to drive their growth and market presence.
For more information, visit their website at www.bktechnologies.com or contact them at 1-800-821-2900.
BK Technologies Corporation (NYSE American: BKTI) announced that Redmond Fire & Rescue in Oregon has selected their new BKR 5000 portable communications technology. This upgrade is essential for effective field operations in wildland fire situations. The BKR 5000 offers three tiers for flexibility and customization, designed with input from users to meet public safety communication requirements. This development is expected to enhance BK's presence in significant new vertical markets and contribute to market share growth.
BK Technologies Corporation (NYSE American:BKTI) announced an order from the Tennessee Valley Authority (TVA) for its BKR 5000 portable communications technology. This collaboration aims to enhance TVA's operations, which serve 10 million people across multiple states. The BKR 5000 features customizable tiers designed for public safety communications and includes various accessories tailored for first responders. This order reflects BK's commitment to expanding market share and addressing new verticals.
BK Technologies Corporation appointed John Suzuki as its new CEO, effective July 19, 2021. Suzuki, an industry leader with a proven track record in sales and marketing, is expected to drive growth and enhance the company's market position. He previously doubled revenue at EF Johnson Technologies and significantly increased sales at Avtec and Ultra Electronics. The board expressed confidence in his ability to leverage his expertise to capitalize on opportunities and accelerate innovation, particularly with the upcoming launch of the BK 9000 product line.
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.
BK Technologies (NYSE American:BKTI) announced that Farsouth Fire & Rescue has selected its new BKR 5000 portable communications technology for deployment. This partnership aims to enhance emergency services in Otero County, New Mexico. BK Technologies President Tim Vitou emphasized the importance of reliable communications for first responders. The BKR 5000 offers flexibility and customization for public safety needs, with a complete line of accessories available. The development of the BKR 5000 is anticipated to expand BK's market share in new verticals.
BK Technologies Corporation (NYSE American: BKTI) has declared a quarterly dividend of $0.02 per share, set for payment on August 9, 2021. Shareholders on record by July 26, 2021 will qualify for this distribution. This marks the twenty-first consecutive quarterly dividend issued by the company, as stated by Chairman General Gray Payne, who emphasized the company’s commitment to its capital return program.
BK Technologies Corporation (NYSE American: BKTI) has appointed Major General (Ret.) E. Gray Payne as the new Chairman of the Board of Directors, succeeding John W. Struble, who remains a board member. General Payne brings over 40 years of leadership experience in both military and private sectors, having held key positions such as CEO and COO. He expressed optimism about the company’s growth prospects, particularly with interests in the existing BK 5000 communications technology and the upcoming BK 9000 product launch. The company manufactures high-specification communications equipment for public safety professionals and government agencies.
BK Technologies Corporation (NYSE American: BKTI) announced that the United States Department of the Interior Bureau of Land Management has selected its new BKR 5000 portable communications technology for purchase and deployment. This technology aims to improve communication capabilities necessary for managing vast public lands. The BKR 5000 offers flexibility and customization, designed specifically for public safety communications. The new platform is poised to enhance BK's growth potential and market share in new verticals.
BK Technologies Corporation (NYSE American:BKTI) announced the selection of its BKR 5000 portable communications technology by the Oregon Department of Forestry for deployment. President Tim Vitou expressed enthusiasm about aiding ODF's mission to protect Oregon's ecosystems. The BKR 5000 features customizable tiers tailored for public safety communications needs and includes a range of accessories. This deployment is expected to expand BK Technologies' market presence, addressing significant new vertical markets.
BK Technologies Corporation (NYSE American: BKTI) announced the Depoe Bay Fire District has selected its new BKR 5000 portable communications technology for deployment. This technology will enhance communication for emergency services across a challenging terrain. The BKR 5000 offers flexibility and has undergone extensive customer-driven development. BK Technologies aims to capitalize on new vertical markets through this innovative product, reinforcing its commitment to public safety.
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