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VIDEO – Canadian Trucker Protests & Ukrainian Invasion Accelerate Demand For KWESST Non-Lethal & Soldier Decoy Technologies

Posted by AGORACOM-JC at 4:57 PM on Monday, March 7th, 2022
Kwe large new

KWESST Micro Systems (KWE:TSXV) offers high-tech, covert defense systems that we only get to see in Tom Cruise movies.

$KWE is a leader in “soldier systems” technologies that increase the capabilities of soldiers.  Let’s be clear right off the start, KWESST doesn’t sell weaponry.  Rather, it sells technologies that make a big difference to the safety and effectiveness of soldiers.

For example, the Company’s PhantomTM electronic decoy technology helps prevent soldiers being located and killed due to electronic signals their equipment creates – by creating multiple electronic decoys that enemies can not differentiate. 

CANADIAN TRUCKER PROTESTS

Events like the trucker protests have created a pronounced increase in demand by law enforcement agencies for non-lethal equipment. $KWE ARWEN anti-riot equipment was used at the trucker protest in Ottawa to help bring a safe conclusion to the incident. As a result $KWE is now processing numerous quote requests for replenishment and expansion of anti-riot equipment.

UKRAINE INVASION

The invasion of Ukraine by Russia has been a major catalyst for KWESST’s PhantomTM electronic decoy, including several pending requests and price quotations to fill Urgent Operational Requirements for NATO forces. This level and urgency of interest leads $KWE to believe that it is highly likely it could receive NATO country orders throughout its 2022 fiscal year and beyond.

ESTABLISHED TRACK RECORD OF SUCCESS

The company’s Leadership team experience spans decades and hundreds of millions of dollars in military and homeland security contracts. In addition it has partnered with globally recognized equipment manufacturers to integrate its systems into their solutions to create high value-add products for global customers, including SAMSUNG.

The company generated over $1.27M in revenue for the year ended Sept 30, 2021 but has already announced subsequent contracts surpassing this in the early months of this fiscal year.

The soldier systems market is projected to hit $14.5 Billion by 2023 and, up until  now, small cap investors have never had a company to participate in this lucrative (and SUPER COOL) market.

Watch this powerful interview with Executive Chairman David Luxton, who is a globally recognized entrepreneur in the defence and security industry. He was formerly an infantry officer and senior official with the Canadian and British governments before leading the global build-out of multiple defence and security companies. All together, companies under the leadership of David Luxton have generated over $1,000,000,000 (Billion) in sales.

AGORACOM Hits 14 Million Twitter Impressions, 3.6 Million YouTube Minutes In 2021. Shatters Engagement Metrics

Posted by AGORACOM-JC at 2:54 PM on Friday, February 25th, 2022
  • AGORACOM Twitter Engagement Metrics Beat Benchmarks By 230%*
  • AGORACOM Cashless Marketing Program Is 100% Compliant With TSXV, CSE and NEO

Last week we were proud to announce another AGORACOM major milestone when we surpassed 710 Million page views (81% AGORACOM / 19% Twitter) from 8.8 Million investors that visited 63.3 Million times over the last 13 years.

These milestones are significant because they continue to demonstrate that AGORACOM is the primary home for serious small cap investors that want to discover their next great small-cap investment.

Today we are proud to announce 2 more major milestones for the 2021 year:

  • 14 Million Impressions On Twitter
  • 3.6 Million Minutes On YouTube

TWITTER SUCCESS – 230% HIGHER ENGAGEMENT SMASHES BENCHMARKS

A picture is worth 1,000 words so our analytics snapshot says it all but we thought you’d like a little additional context to go with it:

MAKE SURE YOU FOLLOW US AND SHARE THE GREAT CONTENT WE CREATE FOR YOU!

If you haven’t seen the incredible year-round content we create for you, please make sure to ask your Account Executive to see it.  Then make sure your social media team is following us so that you can use and share our great content any way you like!

SMALL CAP INVESTORS LOVE AGORACOM VIDEO CONTENT

If a picture is worth 1,000 words, a great video is worth thousands of happy shareholders!

AGORACOM videos receive the highest engagement rates and shareholder testimonials in the industry because we take the time to produce both great content and high production value that viewers truly appreciate.  Click on the image below to see some of our recent great testimonials … or use this link!

MAKE SURE YOU FOLLOW US AND SHARE THE GREAT VIDEOS WE CREATE FOR YOU!

If you haven’t seen the incredible LONG & SHORT video content we create for you, please make sure to ask your Account Executive to see it.  Then make sure your social media team is following us so that you can use and share our great video content with your networks!

HOW DOES AGORACOM CREATE INDUSTRY-LEADING ENGAGEMENT?

The fight for investor attention is stronger than ever.  Within the small cap industry investors are inundated with mountains of information from email to social media. 

Moreover, the small cap industry is now facing stiff new competition for investor attention from the fast-rising Web3 world of Cryptocurrencies, NFTs and Blockchains.

It’s enough to make both investors and issuers dizzy.

AGORACOM overcomes this challenge and wins the battle for investor attention by going the extra mile to create great content. While most firms communicate via “lazy linking” AGORACOM Founder and former lawyer George Tsiolis relies on his communications training to make sure the account management team delivers the following winning variety of content:

FORM – Blogs, Posts, Tweets, Comments, Videos, Audio, Graphics and GIFs

LENGTH – Ultra Long, Long, Medium, Short and Micro

PLATFORMS – YouTube, Twitter, LinkedIn, Facebook, Instagram, Spotify, Search, TikToK (yeah but no dancing!) … and of course our very own AGORACOM.com

Click on the image below to watch a concise but powerful 75-second video to get a great glimpse of our industry-leading content machine … or just click on this link:

This unmatched variety in the form, length and distribution of our content removes all the noise for investors while providing clients with a complete digital marketing solution.       

ZERO $ … AGORACOM CASHLESS AND 100% COMPLIANT PROGRAM

As a small cap company, your cash is invaluable and shouldn’t be used for anything other than operations and growth. You’ll be happy to know The AGORACOM Cashless, Shares For Services Program is fully compliant with the TSX Venture, CSE and NEO Exchanges. As such, it is considered the friendliest comp structure in the entire industry and can be summarized as follows:

  • Shares are issued in 5 X $20,000 installments over the twelve month term.
  • Start Date
    • End Of Q1
    • End Of Q2
    • End Of Q3
    • End Of Q4
  • The number of shares issued is determined by the share price at each date.  As the issuer share price goes higher, the number of shares issued to AGORACOM decreases. 
  • Each issuance comes with customary 4-month hold periods. As such, AGORACOM is a shareholder for at least 16 months (Q4 + 4 Months)
  • Structure means AGORACOM becomes a long-term shareholder that is completely aligned with the Company
  • $0 Cash + the full firepower of AGORACOM

CONCLUSION

Massive audience

+ industry leading engagement

+ industry leading content

+ $0 cash, 100% compliant shares for services = Win – Win

AGORACOM Surpasses 710 Million Page Views From 63.3 Million Visits And 8.8 Million Users. Shatters Industry Engagement Metrics

Posted by AGORACOM-JC at 8:28 AM on Friday, February 18th, 2022
*AGORACOM Engagement Metrics Beat Benchmarks By 364%
*AGORACOM Cashless Marketing Program Is 100% Compliant With TSXV, CSE and NEO 

We are very proud to announce AGORACOM achieved another major milestone for the period December 31, 2021, when we surpassed 710 Million page views (81% AGORACOM / 19% Twitter) from 8.8 Million investors that visited 63.3 Million times over the last 13 years. 

These milestones are significant because they continue to demonstrate that AGORACOM is the primary home for serious small cap investors that want to discover their next great small cap investment. We owe much of this success to the following 2 major factors: 

QUALITY OVER QUANTITY – Unlike small cap sites and major platforms that struggle with spam, profanity and overall nonsense, AGORACOM has implemented and strictly enforces it’s 6 Rules Of Use that create robust but civilized debate and discussion. 

FOCUS. NOTHING BUT SMALL CAP – Despite the fact we are all in the finance industry, we don’t talk about macro finance, large cap or general economic news.  Investors come to AGORACOM for just one thing – great small cap content .. and they don’t hesitate to show their love for us

AGORACOM ENGAGEMENT SHATTERS FINANCE BENCHMARKS BY 364% 

AGORACOM small cap investors don’t just flip through pages, they invest a significant amount of time reading, studying and researching our small cap stocks like yours. …. And they do it far more than everywhere else.  Here are the numbers: 

PAGES READ PER VISIT  > 364% HIGHER THAN INDUSTRY STANDARD 

In a recent survey of 357 finance sites, LittleData determined the average number of pages read per visit was 2.0. The average number of pages read on AGORACOM are 9.28, which is 364% higher than the benchmark.  

Moreover, when it came to the best 10% of all finance sites, AGORACOM has them beat hands down as well, with LittleData determining anything greater than 4.1 pages per visit represents the best 10% of all Finance sites. With AGORACOM registering 9.67 pages per visit for a 136% beat, it is fair to say AGORACOM is in elite status for engagement.  

TIME SPENT PER VISIT  > 161% HIGHER THAN INDUSTRY STANDARD 

The average visitor to AGORACOM stays on the site for an average of 8 mins 23 secs. To put this into perspective, The Contentsquare Digital Experience Benchmark Report determined an average visit to financial services sites of 3 mins 13 secs, placing AGORACOM engagement 161% higher. Here are some comparables against some of the world’s biggest finance sites: 

AGORACOM              8 mins 23 secs
Wall Street Journal     3 mins 18 secs
Marketwatch               5 mins 47 secs              
Motley Fool                 1 mins 50 secs
FOX Business             3 mins 39 secs
Investing.com             5 mins 53 secs 

HOW DOES AGORACOM CREATE INDUSTRY LEADING ENGAGEMENT? 

The fight for investor attention is stronger than ever.  Within the small cap industry investors are inundated with mountains of information from email to social media.   

Moreover, the small cap industry is now facing stiff new competition for investor attention from the fast rising Web3 world of Cryptocurrencies, NFTs and Blockchains.  

It’s enough to make both investors and issuers dizzy. 

AGORACOM overcomes this challenge and wins the battle for investor attention by going the extra mile to create great content. While most firms communicate via “lazy linking” AGORACOM Founder and former lawyer George Tsiolis relies on his communications training to make sure the account management team delivers the following winning variety of content: 

FORM – Blogs, Posts, Tweets, Comments, Videos, Audio, Graphics and GIFs  

LENGTH – Ultra Long, Long, Medium, Short and Micro 

PLATFORMS – YouTube, Twitter, LinkedIn, Facebook, Instagram, Spotify, Search, TikToK (yeah but no dancing!) … and of course our very own AGORACOM.com  

Watch this concise but powerful 60-second video to get a great glimpse of our industry leading content machine. This unmatched variety in the form, length and distribution of our content removes all the noise for investors while providing clients with a complete digital marketing solution.         

ZERO $ … AGORACOM CASHLESS AND 100% COMPLIANT PROGRAM 

As a small cap company, your cash is invaluable and shouldn’t be used for anything other than operations and growth. You’ll be happy to know The AGORACOM Cashless, Shares For Services Program is fully compliant with the TSX Venture, CSE and NEO Exchanges. As such, it is considered the friendliest comp structure in the entire industry and can be summarized as follows: 

Shares are issued in 5 X $20,000 installments over the twelve month term. 

-Start Date
-End Of Q1
-End Of Q2
-End Of Q3
-End Of Q4 

-The number of shares issued is determined by the share price at each date.  As the issuer share price goes higher, the number of shares issued to AGORACOM decreases.   

-Each issuance comes with customary 4-month hold periods. As such, AGORACOM is a shareholder for at least 16 months (Q4 + 4 Months) 

-Structure means AGORACOM becomes a long-term shareholder that is completely aligned with the Company 

-$0 Cash + the full firepower of AGORACOM 

CONCLUSION  

Massive audience 
+ industry leading engagement
+ industry leading content
+ $0 cash, 100% compliant shares for services  

= Win – Win 

Universal PropTech $UPI $UPIPF CGO Talks Explosive Covid-19 Diagnostics Market, Clinical Trials, & More $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-AB at 5:16 PM on Thursday, May 13th, 2021
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Whereas many companies are just now trying to capitalize on the opportunities presented in the current and massive future of PropTech, Universal PropTech Inc. is actually delivering healthy building solutions and services for developers, owners, and operators in Canada. They’ve also turned their attention towards the global COVID-19 diagnostics market size, which is estimated at USD$84.4 billion in 2020.

We sat down with Frank Carnevale, CGO of Universal Proptech, to talk about the launch of ISBRG Corp’s SpotLight-19(C) clinical trial and new R&D funding, the global COVID-19 diagnostics market, their marketing/distribution plans for the future, and more. Check out the interview now.

Universal PropTech $UPI Now Listed on the #OTCQB Under the Symbol $UPIPF $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-JC at 4:07 PM on Tuesday, April 20th, 2021
  • Received approval and will begin trading on the OTCQB, a U.S. market operated by OTC Markets Group Inc. in New York
  • The Company’s shares will begin trading on the OTCQB on April 21, 2021, under the symbol “UPIPF”

Toronto, Ontario–(April 20, 2021) –  Universal PropTech Inc. (TSXV: UPI) (FSE:8LH) (“UPI” or the “Company“) is pleased to announce that it has received approval and will begin trading on the OTCQB, a U.S. market operated by OTC Markets Group Inc. (“OTC“) in New York. The Company’s shares will begin trading on the OTCQB on April 21, 2021, under the symbol “UPIPF”.

Chris Hazelton, CEO of Universal PropTech commented: “We are excited to begin trading in the United States, and we welcome the opportunity to share our story and journey with new investors.” Mr. Hazelton continued: “UPI provides an opportunity for investors to capitalize on growth opportunities created by our healthy building solutions, as well as investment and exclusive sales verticals for ISBRG Corp and their SpotLight19 platform.”

The OTC operates the world’s largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Trading on the OTCQB market enables companies to efficiently build broader investor awareness and provide U.S. investors with a seamless trading facility to more easily trade through the broker of their choice.

Read More: https://agoracom.com/ir/UniversalPropTech/forums/discussion/topics/759404-universal-proptech-inc-now-listed-on-the-otcqb-under-the-symbol-upipf/messages/2312771#message

KWESST $KWE.ca $KWEMF Announces U.S. Patent Award for Phantom(TM), Qualifies for Government Programs $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 3:07 PM on Tuesday, April 20th, 2021

Electronic decoy product advances to sponsorship and evaluation with U.S. military and another NATO nation

  • Announced the award of U.S. patent 10,969,467 B1 for Programmable Multi-Waveform RF Generator for Use as Battlefield Decoy
  • This patent is one of the core technologies of the Company’s PhantomTM electronic decoy, as described in the press releases of October 5th and December 30th, 2020

Ottawa, Ontario–(April 20, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “the Company”) today announced the award of U.S. patent 10,969,467 B1 for Programmable Multi-Waveform RF Generator for Use as Battlefield Decoy. This patent is one of the core technologies of the Company’s PhantomTM electronic decoy, as described in the press releases of October 5th and December 30th, 2020.

In conjunction with the patent award, the Company confirmed that the PhantomTM system has just been selected in defence and innovation programs for evaluation, including a U.S. Special Operations Command program, and has been prequalified for government funding with an estimated initial value of approximately $1 million once approved.

“Apart from the potential near-term dollars involved, this qualification and invitation to participate in trials with key agencies in the U.S. and another NATO country signals serious interest in the PhantomTM system,” said Jeff MacLeod, KWESST Founder, President and CEO. He adds that, “These concurrent developments also appear likely to accelerate the pace of market uptake. Accordingly, with the upcoming close of our $4 million financing announced April 9, 2021 we will be prioritizing the productization of PhantomTM to be in the market sooner than originally planned.”

The Company stated that there is growing interest among NATO and partner countries for a tactical electronic decoy to prevent adversaries from locating and targeting friendly forces. This growing interest stems from incidents like one publicly reported in the 2016 where two full Ukrainian mechanized battalions were annihilated by Russian adversaries in three minutes with precision mass fire after locating them based on their electronic signal emissions.

About the PhantomTM electronic decoy
PhantomTM is a compact, lightweight electromagnetic transmitter capable of mimicking the electromagnetic signature of a tactical military unit, fooling adversaries as to the location of NATO and partner nation forces. Recent interest from NATO agencies and defence contractors for this product has resulted in KWESST moving up the scheduled production of demonstration samples of PhantomTM in the Company’s priorities. An earlier prototype version of PhantomTM was procured and successfully trialed in military exercises. The latest version is more compact, with greater capability, and is soldier-portable or can be deployed by Unmanned Aerial Systems (“UAVs” or “drones”). Based on internal research the Company estimates the market for a system like PhantomTM to be worth several hundred million dollars in the U.S. alone.

Read More: https://agoracom.com/ir/Kwesst/forums/discussion/topics/759400-kwesst-announces-u-s-patent-award-for-phantom-tm-qualifies-for-government-programs/messages/2312755#message

Universal PropTech Inc. $UPI Announces Option Grant $AAT.ca $LPS.ca $EGT.ca

Posted by AGORACOM-JC at 4:42 PM on Friday, April 16th, 2021
  • Announces today that it has granted 100,000 options to an employee pursuant to the Company’s stock option plan.
  • The stock options vest in the following schedule: 30% immediately, 30% on the six-month anniversary of grant; and 40% on the one year anniversary of grant, and may be exercised at a price of $0.45 for a period of three years from the date of grant.
  • The grant of options is subject to the approval of the TSX Venture Exchange.

Toronto, Ontario–(April 16, 2021) – Universal PropTech Inc. (TSXV: UPI) (FSE: 8LH) (“UPI” or “the Company”) announces today that it has granted 100,000 options to an employee pursuant to the Company’s stock option plan. The stock options vest in the following schedule: 30% immediately, 30% on the six-month anniversary of grant; and 40% on the one year anniversary of grant, and may be exercised at a price of $0.45 for a period of three years from the date of grant. The grant of options is subject to the approval of the TSX Venture Exchange.

About Universal PropTech Inc.

Universal PropTech Inc. (TSXV: UPI) (FSE: 8LH ) is a leading building innovation company, selecting, integrating, deploying, and maintaining PropTech in healthy buildings. As trusted advisors, we provide holistic evidence-driven solutions and services for building developers, owners, and operators in Canada. UPI operates through its wholly owned subsidiary, VCI Controls Inc. (“VCI“), a leading supplier and integrator of PropTech healthy building solutions and services. VCI is an industry leader in the acquisition and deployment of intelligent building technology, including the integration of all building systems utilizing the latest in communications technologies and standards. VCI’s business focuses on digital controls and mechanical services, performance monitoring, and energy efficiency solutions.

With headquarters in Toronto, Universal PropTech Inc. has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com.

Contact Information
Universal PropTech Inc.

Chris Hazelton
President and Chief Executive Officer
[email protected]

(647) 300-2957

Forward-Looking Statements

Certain information provided in this press release constitutes forward-looking statements and information within the meaning of applicable securities laws. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “forecast”, expect”, “plan”, “intend”, “estimate”, “propose”, “project”, or similar words suggesting future outcomes. The Company cautions readers and prospective investors in the Company’s securities not to place undue reliance on forward-looking information as, by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company.

The forward-looking information included herein is expressly qualified in its entirety by this cautionary statement. The forward-looking information included herein is made as of the date hereof and the Company assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange (“Exchange”), nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

KWESST $KWE.ca $KWEMF Announces Appointment of VP Operations and Full-Time Engagement of Existing CFO $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 9:28 AM on Wednesday, April 14th, 2021

  • Announced that it has appointed Rick Bowes, CD, MA, MBA in the new position of Vice President, Operations to oversee and accelerate market introduction of the Company’s products and services for Digitization and Tactical Products (“DTP”).
  • The DTP business unit comprises the bulk of the Company’s current products and services, including TASCS, ATAK integration, the GreyGhostTM micro missile against hostile drones, the laser defence system and the Phantom electronic decoy.
  • Appointments are part of KWESST’s expanded business plan

Ottawa, Ontario–(April 14, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “the Company”) today announced that it has appointed Rick Bowes, CD, MA, MBA in the new position of Vice President, Operations to oversee and accelerate market introduction of the Company’s products and services for Digitization and Tactical Products (“DTP”). The DTP business unit comprises the bulk of the Company’s current products and services, including TASCS, ATAK integration, the GreyGhostTM micro missile against hostile drones, the laser defence system and the Phantom electronic decoy.

In conjunction, the Company also announced that Steve Archambault, who has been serving as part-time Chief Financial Officer since the Company’s listing in September 2020, will now assume this role on a full-time basis.

“With the expected closing of our recently announced $4 million over-subscribed brokered private placement, KWESST is positioned to execute on an expanded business plan,” said Jeff MacLeod, KWESST Founder, President and CEO. “The appointments announced today add bench strength for accelerated market introduction across our growing portfolio of products and services.”

“We are very pleased indeed to welcome Rick as VP Operations,” added David Luxton, Executive Chairman. “He brings a rare combination of senior defence industry experience and domain knowledge that is directly relevant to our key markets and programs. He also has proven business capture experience and long-standing relationships with major defence contractors. We are equally pleased that Steve Archambault has committed to the Company on a dedicated, full-time basis in the role of CFO.”

About Rick Bowes

Prior to his various senior roles with defence contractors such as General Dynamics Canada, DRS Technologies Canada (now Leonardo DRS), ATCO Frontec and ADGA Group Inc., Rick had a distinguished career as a senior officer in the Canadian Army, retiring in 2003 as a Lieutenant Colonel. He is a graduate of Royal Military College of Canada and served in various operational and staff roles in the Canadian military and on secondment to the British Army. As an armour officer, Rick served with various units such as Lord Strathcona’s Horse (Royal Canadians) and the Canadian Airborne Regiment Battle Group across Canada and in deployed operations in Bosnia-Herzegovina with the UN Protection Force and the NATO Stabilization Force (SFOR). Rick was also part of the planning team for Canada’s participation in the NATO Kosovo Force (KFOR) mission in 1999.

The Company stated that the terms of these appointments include a grant of 300,000 stock options to Rick Bowes, with each stock option being exercisable at a price equal to the closing price of the Company’s shares on the TSX Venture Exchange on April 16th, 2021 on or before April 13, 2026 and a grant of Restricted Share Units (“RSU”s) to Steve Archambault equal to $25,000 divided by the closing price of the Company’s shares on the TSX Venture Exchange on April 16th, 2021.

Read More: https://agoracom.com/ir/Kwesst/forums/discussion/topics/759024-kwesst-announces-appointment-of-vp-operations-and-full-time-engagement-of-existing-cfo/messages/2311873#message

KWESST $KWE.ca $KWEMF Announces Upsizing of Previously Announced Brokered Private Placement $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:37 AM on Friday, April 9th, 2021

  • Announce that in connection with its previously announced brokered private placement (the “Offering“), the Company and PI Financial Corp., the lead agent and sole bookrunner (the “Lead Agent“) for the Offering, have agreed to increase the size of the Offering to raise total gross proceeds of $4 million.
  • The Company now intends to issue 3,200,000 units of the Company (the “Units“) at a price of C$1.25 per Unit.
  • The 3,200,000 Units have been allocated to subscribers and the Offering is scheduled to close on or about April 29, 2021, or such date as agreed upon between the Company and the Lead Agent.
  • Given the upsize to the Offering, the parties have agreed to remove the previously announced over-allotment option.

Ottawa, Ontario–(April 9, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “the Company”) is pleased to announce that in connection with its previously announced brokered private placement (the “Offering“), the Company and PI Financial Corp., the lead agent and sole bookrunner (the “Lead Agent“) for the Offering, have agreed to increase the size of the Offering to raise total gross proceeds of $4 million. The Company now intends to issue 3,200,000 units of the Company (the “Units“) at a price of C$1.25 per Unit. The 3,200,000 Units have been allocated to subscribers and the Offering is scheduled to close on or about April 29, 2021, or such date as agreed upon between the Company and the Lead Agent. Given the upsize to the Offering, the parties have agreed to remove the previously announced over-allotment option.

“The KWESST Offering was very well received by investors and resulted in significant demand for our financing, which led to the increase in size announced today. The proceeds will be used to accelerate our go-to market initiatives of KWESST’s various products,” said Jeffrey MacLeod, KWESST’s President and CEO. “One of our priorities is to finalize the acquisition of the Low Energy Cartridge (“LEC”) non-lethal system, which is expected to close concurrently with the Offering, after which we will begin the commercialization of this product. The Company has an accelerated plan to roll out the LEC product in response to market interest and high growth across all segments of the non-lethal market where a strong preference is being expressed for a safer, cartridge-based system over traditional systems such as Taser, beanbag shotgun shells and rubber bullets that can and do result in fatalities.”

Other corporate priorities to be funded with the proceeds from the Offering include the productization of the GreyGhost micro-drone missile, ramping up the Company’s ATAK Centre of Excellence business, and accelerating the productization of the Phantom electronic decoy.

Each Unit will be comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (“Warrant“). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share“) at a price of C$1.75 per Warrant Share for a period of 24 months from the closing of the Offering. If at any time after four (4) months and one (1) day following the Closing Date, the trading price of the Shares on the TSX Venture Exchange is equal to or exceeds $3 for a period of 10 consecutive trading days, as evidenced by the price at the close of market, the Company shall be entitled to notify the holders of Warrants of its intention to force the exercise of the Warrants. Upon receipt of such notice, the holders of Warrants shall have 30 days to exercise the Warrants, failing which the Warrants will automatically expire.

The securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Exchange. It is not a requirement for the closing of the Offering that the Company issues the entire 3,200,000 Units referenced above. The Units to be issued under the Offering will have a hold period of four months and one day from Closing.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Read More: https://agoracom.com/ir/Kwesst/forums/discussion/topics/758779-kwesst-announces-upsizing-of-previously-announced-brokered-private-placement/messages/2311369#message

KWESST $KWE.ca $KWEMF Releases Video and Photos Of TASCS IFM For 81 mm Mortar in U.S. Military Exercises $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:25 AM on Thursday, April 8th, 2021
  • Release approved footage and pictures of the KWESST TASCS Integrated Fires Module (“IFM”) in action in live-fire exercises at a U.S. military base.
  • These exercises are being held pursuant to a contract with a key U.S. military customer
  • Video and photos depict the TASCS IFM system fitted on the 81 mm mortar and firing at a range of 2,600 metres.

Ottawa, Ontario–(April 8, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “the Company”) is pleased to release approved footage and pictures of the KWESST TASCS Integrated Fires Module (“IFM”) in action in live-fire exercises at a U.S. military base. These exercises are being held pursuant to a contract with a key U.S. military customer (for further information please see the December 2020 news release at https://kwesst.com/news/kwesst-announces-c1-1-million-follow-on-order-for-tascs-ifm-from-key-u-s-military-customer-2/ ) which is currently being delivered.



Cannot view this video? Visit:
https://www.youtube.com/watch?v=K4oOEczVOkM

The pictures are available at: https://kwesst.com/systems/tascs-ifm/

The video and photos depict the TASCS IFM system fitted on the 81 mm mortar and firing at a range of 2,600 metres. With TASCS IFM, the mortar team is able to acquire targets in 15 seconds compared to the traditional 15 minutes, and engage targets with unprecedented accuracy. The 81mm mortar is just one of many firing platforms that can be fitted with the TASCS IFM systems and requires no modification of the firing platform or ammunition. It effectively turns a traditional “dumb” firing platform into a “smart” weapons system by providing soldiers on the ground with real-time networked situational awareness and precision targeting information.

About KWESST

KWESST develops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries. The company’s current portfolio of unique proprietary offerings include: its signature TASCSTM (Tactical Awareness and Situational Control System) for real-time awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons; the autonomous GreyGhostTM soldier-portable micro drone missile system that defends against small hostile drones including swarms using high-speed kinetic impact; a Ground Laser Defence system to counter the emerging threat of weaponized lasers against personnel; and, the PhantomTM electronic battlefield decoy system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations to deceive and confuse adversaries. All systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. KWESST also has developmental “smart ordnance” projects including its “Shot Counter” system, which records the number and type of rounds fired, for optimized firearms maintenance and performance. The Company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, UK and Abu Dhabi, UAE. KWESST trades on the TSX Venture Exchange under the symbol KWE and on the U.S. OTCQB under the symbol KWEMF.

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