WEST MELBOURNE, FL October 7, 2021 / BK Technologies Corporation (NYSE American: BKTI) today announced that the U.S. Army has chosen the Company’s BKR 5000 portable communications technology for purchase and deployment at Camp Arifjan Army Base in Arifjan, Kuwait.
Situated to the south of Kuwait City, within the sovereign State of Kuwait, Camp Arifjan is vital to U.S. military operations in the Southwest Asian Theater. The camp is primarily an Army post, but Air Force, Navy, Coast Guard, Marine personnel, and international troops also call it home. It is a forward-deployment camp: This means that soldiers going to or returning from Iraq all pass through Camp Arifjan. The camp provides ground support for helicopters and armored vehicles. Additionally, the camp is currently assisting with refugees from Afghanistan.
Tim Vitou, President of BK Technologies commented, “It’s gratifying to have our BKR 5000 portable communications technology selected to play a role in support of the U.S. Army’s mission in Kuwait and their field operations, both military and on behalf of civilians in the area. The Army is a longstanding customer and we’re pleased to have this opportunity to provide the BKR 5000, which enables the highest level of dependable communications technology and ruggedized hardware, ideal for use in the extreme desert terrain and weather conditions that characterize Camp Arifjan. Our continued work with the U.S. Army demonstrates the high quality and reliability of our technology and equipment and the added value of our equipment’s ‘American Made’ pedigree.”
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 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 our public safety 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.
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.