Brief: BK Technologies Signs Agreement With East West Manufacturing

BK Technologies

08/11/2023 13:56

Nov 8 (Reuters) - BK Technologies Corp  BKTI.A :
    * BK TECHNOLOGIES SIGNS TRANSFORMATIONAL AGREEMENT WITH EAST
WEST
MANUFACTURING
    * BK TECHNOLOGIES - STRATEGIC SHIFT TO ASSET-LIGHT STRATEGY
EXPECTED TO SIGNIFICANTLY IMPROVE WORKING CAPITAL,REDUCE
INVENTORY, LOWER PRODUCTION COSTS
    * BK TECHNOLOGIES CORP - EAST WEST TO BECOME SHAREHOLDER OF
BK
TECHNOLOGIES
    * BK TECHNOLOGIES CORP - AGREEMENT WITH EAST WEST TO
TRANSITION
BK'S WEST MELBOURNE, FLORIDA MANUFACTURING ACTIVITIES TO EAST
WEST'S FACILITIES
    * BK TECHNOLOGIES CORP - EAST WEST WILL BECOME EXCLUSIVE
MANUFACTURER OF COMPANY'S RADIO PRODUCT LINE
    * BK TECHNOLOGIES CORP - UNDER TERMS OF AGREEMENT, EAST WEST
WILL
MAKE, IN AGGREGATE, A $2 MILLION INVESTMENT IN CO

Further company coverage:  BKTI.A 

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