Start smoker and heat up to 200°F (93°C). Use your smoker dampers and thermometer to maintain this smoking temperature. If you are using your charcoal grill, ensure that you have it up for 2-zone cooking.
Once the temperature is steady, add wood chips to the firebox.
In a small bowl, mix sauce ingredients thoroughly. Use a pastry brush to apply to bacon, covering both sides. Sprinkle with brown sugar.
Place bacon strips on smoker grates, leaving a space of half an inch between each piece. Place a baking tray underneath to catch drippings.
Smoke for 2 hours at 200°F (93°C). Turn bacon over at about 90 minutes to ensure even coverage. Also check that baking tray is not overfilling with fat or grease.
Remove bacon from the smoker and drain grease. Transfer to a preheated oven at 190°F (88°C). Cook for two further hours to dry out jerky, or when bacon has reached jerky-like texture and color.
Remove jerky from oven and leave to cool completely. Pat down with a dry paper towel. When completely cool, store in an airtight container or Ziploc bag.