WEST MELBOURNE, FL, December 15, 2022 / BK Technologies Corporation (NYSE American: BKTI) today announced that it has received a purchased order in the amount of $500,000 from one of its resellers, for the Company’s BKR 5000 portable communications technology. The order comes from the Santa Barbara County Fire Department in California as part of the department’s lifecycle replacement program.
John Suzuki, CEO of BK Technologies commented, “The Santa Barbara County Fire Department has been a valued customer for some time, and we appreciate the opportunity to assist their upgrade to our BKR 5000 portable communications technology. California remains an important target market for us, as unfortunately the state has some of the most frequent and intense wildfire activity of any state in the country. BK has enjoyed a successful partnership with CalFire, the state’s fire agency, which has also placed several large orders for our BKR 5000 portable communications technology and accessories. As a result of our CalFire relationship, we are also seeing a great deal of residual interest from individual fire rescue organizations across the state.
“Santa Barbara County encompasses a wide range of terrain, including coastline, mountains and valleys, and the county fire district responds to all types of emergencies including vegetation fires, medical response and hazardous spill response, and works with a variety of agencies, so an effective communication platform is paramount to the safety of first responders and the public. Our BKR 5000 provides robust and reliable portable communications technology ideally suited to promote effective and safe field operations with its ability to connect emergency response professionals across diverse geographies. We’re pleased to continue our support of Santa Barbara Fire in their efforts to protect the county’s residents and landscapes.”
The Santa Barbara County Fire District is comprised of 16 fire stations, three battalions (South, Central and North), and five Divisions, which include Fire Prevention and Emergency Medical Services. The district encompasses nearly 2,400 square miles and includes roughly half the population of the County. The department works closely with neighboring cities, fire districts, the U.S. Forest Service and Cal Fire by giving and receiving mutual aid as requested and responds to more than 15,000 incidents each year. The Santa Barbara County Fire District also protects the State Responsibility Areas (SRA) within the County under contract with Cal Fire. In its role as the County Fire Warden, the agency aids in enforcing all laws, ordinances and any rules or regulations adopted by the State Board of Forestry and Fire Protection and State Fire Marshal relating to fires or to fire prevention and protection.
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 SaaS business focuses on new, innovative public safety smartphone services that will make the first responders safer or more productive. BK Technologies is honored to serve these heroes when every moment counts. The Company’s common stock trades on the NYSE American market under the symbol “BKTI”. Maintaining its headquarters and primary manufacturing facility 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, including, but not limited to, statements regarding the Company’s long-term strategic plan, 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; disruption in the global supply chain creating delays, unavailability and adverse conditions; 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 to 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; impact of 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, 2021, 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