BK Technologies Receives Purchase Orders Totaling $2.1 Million from Bureau of Land Management

WEST MELBOURNE, FL / ACCESSWIRE / September 27, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received purchase orders totaling $2.1 million from the Bureau of Land Management ("BLM"). The orders, from several BLM offices in the western U.S., are primarily for the Company's BKR 5000 radio as the agency conducts a lifecycle replacement program for its communications technology. The orders also include a quantity BKR 9000 multiband radios for testing and evaluation.

John Suzuki, CEO of BK Technologies, commented, "We're pleased to continue providing our radios to the Bureau of Land Management as they conduct lifecycle replacement programs of their communications technology. The Bureau of Land Management has been a longstanding customer of BK Technologies at both the federal and state levels, demonstrating their trust in our products to assist them in managing and protecting hundreds of millions of acres of land across the United States. In addition to adding our BKR 5000 radios to their fleet, the agency will also evaluate our new BKR 9000 multiband radio for potential use in their operations and we're confident that the testing results will surpass expectations. We look forward to extending this relationship with the BLM and supporting them with the high-quality dependability and reliable performance of our portable communications technology in the remote and rugged geographies in which they operate."

The Bureau of Land Management is responsible for the administration of 245 million acres of surface land and 700 million acres of subsurface mineral estate throughout the United States. The agency's mission is to manage public land for multiple uses while conserving natural, historical, and cultural resources. These multiple uses include renewable energy development, conventional energy development, livestock grazing, hard rock mining, timber harvesting, and outdoor recreation. The BLM is also responsible for the preservation of specially designated landscapes like the 35-million-acre system of National Conservation Lands and works with federal agencies to fight wildland fires that threaten public safety, ecosystems, animal and plant habitat, and recreation areas.

About BK Technologies

BK Technologies Corporation, through its operating subsidiaries, 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 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 include, among others, the following: changes or advances in technology; the success of our land mobile radio product line and SaaS business segment; 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 new multiband product and other related products in the BKR Series product line and the Company's SaaS solutions; competition in the land mobile radio industry; general economic and business conditions, including higher inflation and its impacts, federal, state and local government budget deficits and spending limitations, any impact from a prolonged shutdown of the U.S. Government, the effects of natural disasters, changes in climate, severe weather events, geopolitical events, acts of war or terrorism, global health epidemics or pandemics and catastrophic events, as well as the broader impacts to financial markets and the global macroeconomic and geopolitical environments; 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 natural disasters, changes in climate, severe weather events, geopolitical events, acts of war or terrorism, global health epidemics or pandemics and catastrophic events 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; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results and stock price; 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, 2022, 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 statement.

Company Contact:

IMS Investor Relations
John Nesbett/Jennifer Belodeau
bktechnologies@imsinvestorrelations.com
(203) 972-9200

SOURCE: BK Technologies