Benzinga | Aug 5, 2020 05:13PM EDT

BK Technologies Awarded Up To $4.2M Contract From Agency Of The US Department Of Energy

Portable and Mobile Radios with Accessories Up To $4.2 Million

WEST MELBOURNE, FL / ACCESSWIRE / August 5, 2020 / BK Technologies Corporation (NYSE:BKTI) today announced that its operating subsidiary was awarded a contract for up to $4.2 million dollars from an electric utility agency of the U.S. Department of Energy (DoE). The contract is for BK's KNG2 and KNG Digital P-25 portable and mobile radios with related accessories, which will be deployed at more than 35 sites in the U.S.

The contract covers a period of one year, which commenced on June 24, 2020 and expires on June 23, 2021, providing for purchases of equipment up to $4.2 million. It does not specify precise delivery dates or quantities. Shortly after awarding the contract, the DoE issued firm purchase orders for equipment totaling approximately $3.1 million, which are anticipated to be fulfilled in the third quarter of 2020.