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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 a reseller agreement with WidePoint Corporation for the resale of its InteropONE PTToC service to the U.S. Department of Homeland Security (DHS) and the U.S. Department of State. This service enhances communication among first responders by enabling dynamic user group creation without network pre-provisioning. Under WidePoint's CWMS contract, multiple agencies like the U.S. Coast Guard and FEMA will utilize this service. Both companies express optimism about the collaboration, citing favorable initial feedback from ongoing field trials and the increasing reliance on smartphone communications in emergency scenarios.
BK Technologies Corporation (NYSE American: BKTI) announced a $1.4 million purchase order from the Washington State Department of Natural Resources (DNR) for its BKR 5000 portable communications technology. This follows a similar order made in December 2022, also valued at $1.4 million. CEO John Suzuki emphasized the DNR's long-standing relationship with BK Technologies, noting their reliance on the BKR 5000 for wildland fire suppression and emergency response. The DNR plays a crucial role in managing Washington's natural resources, supporting over 600 personnel in wildfire efforts across more than 13 million acres.
BK Technologies Corporation (NYSE American: BKTI) will host an investor conference call on March 16, 2023, at 9:00 a.m. ET to discuss its operating results for the fourth quarter and the full year ended December 31, 2022. Prior to the call, the company will release its financial results. Interested parties can join the call by dialling (888) 506-0062, with international participants using (973) 528-0011 and access code: 211913. The call will also be available via a webcast. An online archive will be accessible for 30 days after the call. BK Technologies specializes in manufacturing reliable communications equipment for public safety professionals.
BK Technologies Corporation (NYSE American: BKTI) announced its participation in the 35th Annual Roth Conference at the Ritz Carlton, Laguna Niguel, California, on March 13 and March 14. CEO John Suzuki and CFO Scott Malmanger will hold one-on-one meetings with interested investors.
Investors can request a registration form for the conference via the provided link. BK Technologies specializes in American-made communications equipment and SaaS solutions aimed at enhancing public safety for first responders. The company is headquartered in West Melbourne, Florida, and its stock trades under the symbol BKTI.
BK Technologies Corporation (NYSE American: BKTI) announced pre-order activity for its BKR 9000, a multiband communications technology for public safety, receiving orders from Pilot Point Fire Department, Kenedy County Sheriff, and Tulare County Fire. CEO John Suzuki noted steady interest from both new and existing customers, emphasizing the technology's potential in rural areas with budget constraints. The BKR 9000 offers affordable communications solutions, targeting approximately 29,000 U.S. fire departments, particularly volunteer groups. Anticipated FCC certification is expected to facilitate broader market access.
BK Technologies Corporation (NYSE American: BKTI) announced the delivery of approximately 11,200 radios in Q4 2022, totaling 25,200 radios for the year, up from 22,500 in 2021. CEO John Suzuki highlighted exceeded delivery targets due to increased demand and enhanced production capacity. The company aims to deliver at least 32,000 radios in 2023. Chairman Kyle Cerminara noted strong demand for the BKR 5000 and anticipates launching the BKR 9000 soon. The company focuses on high-spec communications equipment for public safety and government agencies.
BK Technologies Corporation (NYSE American:BKTI) has announced the delivery of its BKR 9000, a next-generation multiband communication technology, for FCC certification. Chairman Kyle Cerminara highlighted the importance of this milestone, citing strong pre-order activity and potential for significant market expansion. The company aims for revenue of $100 million by 2025, supported by ongoing demand for its BKR 5000 technology. Development is occurring at their Innovation Center in South Florida, led by CTO Dr. Branko Avanic.
BK Technologies Corporation (BKTI) announced a $2 million Standing Offer Agreement with the Saskatchewan Public Safety Agency (SPSA) for portable communications technology. This agreement boosts BKTI's total order bookings for 2022 to a record $70 million, compared to $55.5 million in 2021. The contract runs from November 30, 2022, to November 30, 2024, with options for extensions. Additionally, BKTI secured its first task order worth $1.3 million for the BKR 5000 model, aimed at supporting Saskatchewan's Wildfire Management agency.
BK Technologies Corporation (NYSE American: BKTI) has launched its public safety smartphone app, BKRplay, for free on IOS and Android. The app features InteropONE, a universal Push-To-Talk Over Cellular service designed to enhance communication among first responders. Since its launch in mid-October, field trials have shown high satisfaction among various agencies, reducing emergency communication setup from days to under five minutes. The positive feedback underscores its potential to significantly improve public safety efficiency.
BK Technologies Corporation (NYSE American: BKTI) announced a $500,000 purchase order from the Santa Barbara County Fire Department for its BKR 5000 portable communications technology. This order is part of the department's lifecycle replacement program, crucial for enhancing communication in emergencies. CEO John Suzuki highlighted the company’s strong relationship with California fire agencies, emphasizing the need for reliable communication technology in the wildfire-prone state. The Santa Barbara County Fire District, protecting a vast area, relies heavily on effective communication for over 15,000 incidents annually.
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