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BK Technologies Corporation (BKTI) Stock News, Jun-Jul 2021

BKTI NYSE

BK Technologies Corporation reports developments in public safety communications equipment and solutions for government agencies and first responders. The company’s Land Mobile Radio products include portable and mobile radio devices for private P25-compliant radio systems, with product news centered on the BKR multiband platform, including the BKR 9000 handheld radio and BKR9500 in-vehicle multiband radio.

BK Technologies news also covers the Solutions business unit, the BK ONE family of offerings that combines land mobile radio with LTE/5G connectivity, and software products such as LocateONE LITE for team location awareness. Recurring updates include financial results, order activity from government customers, product introductions, investor presentations, capital allocation and annual-meeting governance matters.

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BK Technologies Corporation (NYSE American: BKTI) has appointed Major General (Ret.) E. Gray Payne as the new Chairman of the Board of Directors, succeeding John W. Struble, who remains a board member. General Payne brings over 40 years of leadership experience in both military and private sectors, having held key positions such as CEO and COO. He expressed optimism about the company’s growth prospects, particularly with interests in the existing BK 5000 communications technology and the upcoming BK 9000 product launch. The company manufactures high-specification communications equipment for public safety professionals and government agencies.

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BK Technologies Corporation (NYSE American: BKTI) announced that the United States Department of the Interior Bureau of Land Management has selected its new BKR 5000 portable communications technology for purchase and deployment. This technology aims to improve communication capabilities necessary for managing vast public lands. The BKR 5000 offers flexibility and customization, designed specifically for public safety communications. The new platform is poised to enhance BK's growth potential and market share in new verticals.

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BK Technologies Corporation (NYSE American:BKTI) announced the selection of its BKR 5000 portable communications technology by the Oregon Department of Forestry for deployment. President Tim Vitou expressed enthusiasm about aiding ODF's mission to protect Oregon's ecosystems. The BKR 5000 features customizable tiers tailored for public safety communications needs and includes a range of accessories. This deployment is expected to expand BK Technologies' market presence, addressing significant new vertical markets.

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BK Technologies Corporation (NYSE American: BKTI) announced the Depoe Bay Fire District has selected its new BKR 5000 portable communications technology for deployment. This technology will enhance communication for emergency services across a challenging terrain. The BKR 5000 offers flexibility and has undergone extensive customer-driven development. BK Technologies aims to capitalize on new vertical markets through this innovative product, reinforcing its commitment to public safety.

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BK Technologies Corporation (NYSE American: BKTI) announced that Portland Fire & Rescue has chosen its new BKR 5000 portable communications technology for deployment. This technology, designed for public safety, is customizable and meets the rigorous demands of emergency services. BK President Tim Vitou highlighted the importance of robust communications in critical situations. The BKR 5000 features various accessories and aims to expand BK's presence in new markets, enhancing growth opportunities.

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BK Technologies Corporation (NYSE American: BKTI) has announced that the Montana Department of Natural Resources and Conservation will deploy its new BKR 5000 portable communications technology across its Fire Protection and Forestry Conservation divisions. This order underscores the agency's trust in BK's products, which it has used since the 1980s. The BKR 5000 features customizable options for public safety needs and enhances BK's position in new vertical markets. The company focuses on manufacturing reliable communications equipment for public safety professionals.

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BK Technologies Corporation has announced that the Illinois Division of Forestry Resources will deploy its new BKR 5000 portable communications technology for wildland fire suppression. This technology aims to support communication across over 4.8 million acres of forest. The BKR 5000 offers customizable solutions for public safety needs and includes a complete line of accessories. BK Technologies is positioned to expand its market share through this initiative, emphasizing their commitment to reliable communications for first responders.

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BK Technologies Corporation (NYSE American: BKTI) announced the closing of its public offering of 4,249,250 shares at a price of $3.00 per share, generating $12.75 million in gross proceeds. The offering included an over-allotment option fully exercised by underwriters. The net proceeds will be utilized for general corporate purposes, including working capital and potential acquisitions. This offering was conducted under an effective shelf registration with the SEC, and final documents were filed on June 8, 2021.

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BK Technologies Corporation (BKTI) has announced a public offering of 3,695,000 shares at a price of $3.00 each, aiming for gross proceeds of $11,085,000. The offering is set to close on June 9, 2021, pending standard closing conditions. Underwriters have a 45-day option for an additional 554,250 shares. Proceeds will support general corporate purposes, including working capital and potential acquisitions. The offering complies with SEC regulations under a shelf registration statement.

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BK Technologies Corporation (NYSE: BKTI) announced its intention to conduct an underwritten public offering of its shares of common stock. The offering, managed by ThinkEquity, includes a potential 15% over-allotment option. Proceeds will be utilized for general corporate purposes including working capital and strategic investments. The offering is subject to market conditions and is based on a previously filed shelf registration statement with the SEC. Investors are advised to review the preliminary prospectus for complete details.

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FAQ

What is the current stock price of BK Technologies (BKTI)?

BK Technologies (BKTI) last closed at $68.23.

What is the market cap of BK Technologies (BKTI)?

The market cap of BK Technologies (BKTI) is approximately $257.2M.