IT News Online – BK Technologies appoints General Payne President
– Retired Marine Corps Major General with extensive experience –
MELBOURNE WEST, FL / ACCESS WIRE / July 8, 2021 / BK Technologies Corporation (NYSE American: BKTI) today announced that Board Member (Retired) Major General E. Gray Payne has been appointed Chairman of the Board. General Payne replaces John W. Struble who will remain on the board of directors.
General Payne brings more than forty years of leadership experience, both in the military and in the private sector. He has extensive experience in leadership roles as a major general in the armed forces, consultant to federal agencies, and senior operations manager. His background in the Marine Corps includes eight commands ranging in size from the enterprise level to a maritime logistics group, made up of more than 9,600 Marines and Sailors. He has also served as the commanding general of the Maritime Logistics Command and Director of Marine Corps Facilities and Services, responsible for 28 facilities and an annual budget in excess of $ 5.5 billion. His personal awards include the Distinguished Service Medal, the Defense Superior Service Medal, the Legion Medal of Merit, the Meritorious Service Medal with two gold stars, and the Navy and Corps Medal of Honor. of the Marines with a gold star.
General Payne’s experience in the private sector includes eighteen years as a management consultant working with over two hundred clients in the areas of financial management, operational improvement, organizational development, strategic planning and mergers and acquisitions. Executive positions held include CEO, COO and CFO of several companies with annual sales of $ 100 million.
General Payne was appointed to the Board of Directors of BK Technologies in January 2017 and has extensive board experience. He currently sits on the board of directors of the National Wildlife Refuge Associations and VetCV, a platform to help veterans leave active service, manage their careers, and organize important military service, home and office documents. medical. A member of the National Association of Corporate Directors and a Certified Professional Director by the American College of Corporate Directors, he previously served as Chairman of the Board of Governors of the Marine Corps Association and Chairman of the Board of Directors of the Marine Corps. Associative foundation. General Payne also sits on the Board of Directors of FG Financial Group (FGF), a publicly traded reinsurance and investment management holding company.
General Payne commented: âBK Technologies is preparing to enter an exciting growth phase for the company. It is encouraging to see significant market interest in our existing portable communications technologies, such as the BK 5000, as well as growing interest in the upcoming launch of our next generation BK 9000. Our technology provides reliable and exceptional communication capabilities to aid public safety as well as military exercises in any location, including the most remote terrain. long-term value for shareholders.
About BK Technologies
BK Technologies Corporation manufactures high quality, 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 Company’s common shares trade on the US NYSE market under the symbol âBKTIâ. Headquartered in West Melbourne, Florida, BK Technologies can be contacted through its website at www.bktechnologies.com or directly at 1-800-821-2900.
This press release contains certain forward-looking statements which are made in accordance with the âSafe Harborâ provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the operations, economic performance and financial condition of the Company and are based on much 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. futures expressed or implied by these forward-looking statements. statements. These factors and risks, some of which have been, and may still be, exacerbated by the COVID-19 pandemic, include, but are not limited to: technological changes or advancements; 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 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 budget deficits and spending limitations of federal, state and local governments, any impact of a prolonged US government shutdown and the continuing effects of the COVID-19 pandemic; the availability, conditions and deployment of capital; dependence on subcontractors and suppliers; risks associated with fixed price contracts; a heavy reliance on sales to US government agencies and our ability to comply with the requirements of contracts, laws and regulations relating to such sales; allocations by government agencies among multiple suppliers approved under existing agreements; our ability to comply with US tax laws and to use deferred tax assets; our ability to attract and retain senior executives, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates and to carry out 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 has investments; the impact of our capital allocation strategy; risks associated with maintaining our brand and reputation; impact of government regulation; rising health care costs; our activities with manufacturers located in other countries, including changes in US government and foreign government trade and pricing policies, as well as any other impact resulting from the COVID-19 pandemic; our inventories and debt levels; the protection of our intellectual property rights; fluctuations in our operating results and our share 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, cyber attacks and other factors impacting our technological systems; availability of adequate insurance coverage; maintaining our NYSE American listing; the risks associated with being a holding company; and the effect on our stock price and our ability to raise equity from future sales of shares of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are described in more detail in the Company’s annual report on Form 10-K for the year ended December 31, 2020 and in documents subsequently filed by the Company. Company 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 any 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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IMS Investor Relations
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SOURCE: BK Technologies Corporation
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