BK Technologies begins full production of KNG Mobile series radios at its Melbourne site

WEST MELBOURNE, FL /ACCESSWIRE/October 26, 2022/ BK Technologies Corporation (NYSE American: BKTI) today announced that it has begun production of its KNG mobile series radios at its manufacturing facility in Melbourne, Florida, and expects the radios to be exclusively made in the USA from 2023.

As previously announced, in April 2021 the company expanded its printed circuit board assembly capabilities and capability at its Melbourne factory with the addition of surface mount technology (SMT) equipment. With improved production capabilities, BK can now fully support the in-house manufacturing of its KNG product family. The company expects the move to improve quality control and shorten lead times and help prevent business interruptions, which will ultimately improve product cost efficiency. , inventory throughput and working capital management.

John Suzuki, CEO of BK Technologies, said, “Our KNG mobile radio series has always been a staple product for BK and many of our customers deploy the KNG mobile radio line as part of their radio fleet. We are very pleased that our strategic initiatives to improve the production capacity of our Melbourne factory have brought us to the point where we can now manufacture the KNG series of mobile radios entirely in-house. This change should reduce our total cost of production KNG and improve the margin profile, as we will have better supply chain visibility and control, quality control and the ability to improve on-site efficiency in our own facilities. We have a long-standing commitment and success with our design, manufacturing and service model we are excited to fully transition another product line to our Florida facility. »

About BK Technologies
BK Technologies Corporation manufactures high-specification, USA-made communications equipment of unmatched reliability and value for use by public safety professionals and government agencies. BK Technologies is honored to serve these heroes with reliable equipment when every moment counts. The common shares of the Company trade on the American market NYSE under the symbol “BKTI”. Headquartered 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 relate to 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 in large part on the beliefs and expectations of the Company. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or the results of the industry, to be materially different from the results, performance or achievements future expressed or implied by these statements. forward-looking statements. These factors and risks, some of which have been, and may be further, exacerbated by the COVID-19 pandemic, include, among others, the following: technological changes or advances; the success of our land mobile radio product line; disruption of the global supply chain creating delays, unavailability and adverse conditions; the successful introduction of new products and technologies, including our ability to successfully develop and sell our planned 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 shortfalls and spending limits, any impact of an extended U.S. government shutdown, and the continued effects of the COVID-19 pandemic; the availability, terms and deployment of capital; dependence on subcontractors and suppliers; the risks associated with fixed price contracts; heavy reliance on sales to US government agencies and our ability to comply with contractual, legal and regulatory requirements related to such sales; allocations by government agencies between multiple approved vendors under existing agreements; our ability to comply with US tax laws and utilize deferred tax assets; our ability to attract and retain executives, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates and complete acquisition, disposal or investment transactions, and the risks inherent in being a non-controlling shareholder in a company; the impact of the COVID-19 pandemic on the companies in which the Company holds interests; the impact of our capital allocation strategy; risks related to maintaining our brand and reputation; impact of government regulations; the impact of rising healthcare costs; our business with manufacturers located in other countries, including changes in U.S. government and foreign government trade and pricing policies, as well as any other impacts resulting from the COVID-19 pandemic; our inventory and debt levels; protecting our intellectual property rights; fluctuations 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 claim for infringement; data security breaches, cyberattacks and other factors affecting our technology systems; availability of adequate insurance coverage; maintenance of our US NYSE listing; the risks associated with being a holding company; and the effect on our stock price and our ability to raise equity from future equity sales of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are set forth in greater detail in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and in subsequent filings by the company with the SEC. These forward-looking statements are made as of the date of this press release, and the Company undertakes 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

THE SOURCE: BK Technologies Corporation

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