WEST MELBOURNE, FL / ACCESSWIRE / November 23, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Wyoming State Forestry Division has selected BK's new BKR 5000 portable communications technology for purchase and deployment as the agency implements its lifecycle replacement program and expands its communications products for use in their State Trust Land Management, Fire Management and Assistance Forestry programs.
BK Technologies has provided portable communications technology to the Wyoming State Forestry Division for many years, spanning generations of the Company's product line. Headquartered in Cheyenne, the Forestry Division is responsible for the management of approximately 263,000 acres of forested trust land across the state, which includes timber management and harvest; managing state lands for long term forest health and productivity; fire management on 3.6 million surface acres of state trust land; and cooperative fire management on private and federal lands. The Wyoming State Forestry Division currently has 48 full time and 4 seasonal employees.
Tim Vitou, President of BK Technologies commented, "We are pleased to have this opportunity to continue our longstanding partnership with the Wyoming State Forestry Division as they begin a lifecycle replacement program and expansion of their portable communications equipment. The agency has responsibility for the management and protection of a vast amount of geography, and the seamless transition from legacy to new communications technology is vital to the safety of its field personnel. Our BKR 5000 provides the highest level of durability and reliability, and has interoperability with legacy BK radios, a valuable benefit as the Forestry Division expands its radio stock with new equipment. We look forward to continuing to provide our mission critical communications technology in support of the agency's activities managing and maintaining Wyoming's forest resources and its mission to reduce fire risk and mitigate fire damage on both public and private land across the state."
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.
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.
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Company Contact:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
bktechnologies@imsinvestorrelations.com
(203) 972-9200
SOURCE: BK Technologies Corporation
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