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KWESST $KWE.ca Announces Additional U.S. Patent Allowance for Phantom Electronic Decoy $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM at 8:58 AM on Wednesday, December 30th, 2020

KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) announced today that the U.S. Patent and Trademark Office (“USPTO”) has issued a Notice of Allowance for a second patent covering KWESST’s “Phantom” electronic decoy system.

KWESST previously announced on October 5th, 2020 the allowance of a first patent covering fifteen claims for a programmable multi-waveform radiofrequency generator capable of broadcasting and emulating all relevant military waveforms to create electronic battlefield decoys that deceive adversaries regarding the location of NATO friendly forces.

The second patent allowance announced today covers eleven additional claims for a programmable multi-waveform radio frequency generator plus associated tactics, techniques and procedures (“TTPs”) for deploying the PhantomTM system.

“This second patent allowance with its set of additional claims substantially enlarges the intellectual property portfolio of the PhantomTM electronic decoy technology,” said Jeff MacLeod, Founder, President and CEO of KWESST.

PhantomTM is the electronic decoy KWESST is bringing to market in 2021 in response to specific military interest in a next-generation system that is ultra-miniaturized for expedient deployment in theaters of operation by ground personnel or on Unmanned Aerial Vehicles (“UAVs”). Phantom mimics all relevant NATO military electronic signal emissions in order to deceive adversaries attempting to locate them based on those waveforms.

Requirements for such a “phantom” capability are now appearing in NATO solicitations for future land Electronic Warfare (EW) systems, driven by contemporary experience in contested areas where forces have been located and destroyed at scale. One publicly reported example is the 2016 incident 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.

The Company commented that it believes the addressable market for the PhantomTM electronic decoy could be $500 million CAD in the U.S. alone, and potentially the same again for other NATO countries and their allies.

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 TASCS (Tactical Awareness 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.

Contact: Jason Frame, Investor Relations: [email protected]

For more information, please visit https://kwesst.com/

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VIDEO – KWESST Micro Systems $KWE.ca Soldier Launched Micro Drones, Electronic Soldier Decoys and a $1.1 Million Dollar Follow-On Order From A Key US Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:45 AM on Thursday, December 17th, 2020

If you haven’t heard of KWESST Micro Systems (KWE:TSXV) you’re not alone because the Company just listed for trading a couple of months ago – and it is probably the coolest new listing of 2020 if you love high-tech, covert defense systems that we only get to see in Tom Cruise movies.

KWESST is a leader in “soldier systems” which are 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, out in a field of combat, soldiers emit Electro Magnetic (EM) signatures that make them detectable by enemy combatants.  KWESST has a battlefield decoy system that creates multiple false phantom signatures to spoof adversaries.  This picture is worth 1,000 words.

We could go on about many other such technologies created by KWESST but this is AGORACOM after all and we want to get down to the business of KWESST, the highlights of which are as follows: 

  • A developer of next-generation systems for forces around the world, including those of NATO and its allies
  • A leadership team whose experience spans decades and hundreds of millions of dollars in military and homeland security contracts
  • A sales and distribution network of agents that spans the globe
  • Partnerships with globally recognized OEM’s, including Samsung
  • A sales pipeline that stood at  $93,000,000 (not a typo) as of August 2020
  • Already generating revenues in 2020

And last but not least, a secret weapon in its Executive Chairman David Luxton, whose companies under his leadership have generated over $1,000,000,000 (Yes, BILLION).

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.

Now you do.  Meet KWESST Micro Systems.  Watch this great interview with David Luxton himself to learn more about KWE and why it just received a follow-on order for $1.1 Million from a key US Military Customer.  We’d tell you who it is but we’d then have to release KWE micro drones …. you know the rest.

Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.

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Posted in AGORACOM Via Satellite, KWESST Micro Systems Inc. | Comments Off on VIDEO – KWESST Micro Systems $KWE.ca Soldier Launched Micro Drones, Electronic Soldier Decoys and a $1.1 Million Dollar Follow-On Order From A Key US Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

KWESST $KWE.ca Extends Option to Acquire Non-Lethal Technology $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 7:47 AM on Tuesday, December 15th, 2020
  • Announced it has extended until January 15, 2021 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology
  • The owner of the LEC Technology is DEFSEC Corporation (“DEFSEC”), an Ottawa-based based private company owned by David Luxton the Executive Chairman of KWESST.
  • KWESST entered into a letter of intent with DEFSEC on June 6, 2020 to acquire the LEC Technology.
  • The parties continue to cooperate and are working toward a definitive agreement.

Ottawa, Ontario–(December 15, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced it has extended until January 15, 2021 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology (“LEC Technology”).

The owner of the LEC Technology is DEFSEC Corporation (“DEFSEC”), an Ottawa-based based private company owned by David Luxton the Executive Chairman of KWESST. KWESST entered into a letter of intent with DEFSEC on June 6, 2020 to acquire the LEC Technology. The parties continue to cooperate and are working toward a definitive agreement.

The LEC Technology is a proprietary non-lethal cartridge-based ordnance system with wide application in the rapidly growing market of soldier and law enforcement training, maintenance of public order, personal defence, and high-action gaming. “The market has long required a safer, lower-cost reliable alternative to existing solutions,” said Jeff MacLeod, KWESST Founder and CEO. “We see the LEC Technology as a strong fit with KWESST’s other smart ordnance technologies, like our Shot Counter system. Together, the LEC Technology and Shot Counter have the potential to anchor the build-out of a significant business unit specialized in smart ordnance systems, with a vast global market.”

The contemplated transaction would benefit from the deep combined experience of Jeff MacLeod and David Luxton in the specialty ordnance business. Mr. MacLeod is a highly knowledgeable defence industry executive with over 20 years’ experience in the field of small arms and advanced soldier systems. Prior to establishing KWESST, he was the General Manager of Colt Canada, the primary supplier of small arms to the Canadian military. David Luxton was the founder in 1990 of Simunition Inc., a business that develops and sells simulated munitions for realistic close quarters combat training for military and law enforcement around the world. He sold the business to a large military contractor and from 2015 – 2018 was the Executive Chairman of United Tactical Systems LLC, a U.S. company that develops and sells products for the global less-lethal market.

The purchase price for the LEC Technology shall be satisfied by the issuance to DEFSEC of 1,000,000 shares of KWESST and 500,000 share purchase warrants of KWESST at a price of $0.70 per share. The warrants shall vest as to 25% on the first anniversary of the closing of the LEC Technology acquisition and 25% on each of the subsequent three anniversaries of the completion of the LEC Technology acquisition. DEFSEC shall also be entitled to a 7% royalty on annual sales of the LEC Technology, net of taxes, duties, customs brokerage fees, shipping and handling costs, customer credits, discounts and returns, up to a cumulative maximum of $10 million. The other terms and conditions of the letter of intent between DEFSEC and KWESST are detailed on pages 16 and 17 of the Company’s Filing Statement dated September 28, 2020 which can be found at www.sedar.com. The acquisition of the LEC technology by KWESST remains subject to the approval of the TSX Venture Exchange.

The Company has granted to each of its three independent directors 250,000 stock options pursuant to the Company’s stock option plan. The stock options will vest over a two-year period and may be exercised at a closing price of the Company’s shares on the TSX Venture Exchange on December 15, 2020. The options will be outstanding for a period of five years from the date of grant. The Company has finalized the shares for debt described in its November 25, 2020 news release.

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 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.

Contact: Jason Frame, Investor Relations: [email protected]

For more information, please visit https://kwesst.com/

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of KWESST after giving effect to the Qualifying Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. KWESST disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70231

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KWESST $KWE.ca Announces C$1.1 Million Follow-on Order For TASCS IFM From Key U.S. Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 7:41 AM on Monday, December 14th, 2020
  • Announced a follow-on order for approximately C$ 1.1 million with a key U.S. military customer to expand use of the Company’s TASCS IFM system in military exercises, a key precursor to wider adoption
  • contract is for application of the TASCS IFM system on the 81mm mortar platform, which transforms it into a “smart” weapon system with greater accuracy and faster response time, improving soldier survivability and operational effectiveness.
  • Work under the order is scheduled to commence immediately.
  • Founder, President and CEO Jeff MacLeod commented that, “This marks another key validating milestone in a market where TASCS IFM on the 81mm mortar alone could ultimately be worth up to C$120 million in the U.S. and another C$400 million worldwide, given the large installed base of 81mm mortars in service with so many NATO and allied military forces.”

Ottawa, Ontario–(December 14, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced a follow-on order for approximately C$ 1.1 million with a key U.S. military customer to expand use of the Company’s TASCS IFM system in military exercises, a key precursor to wider adoption.

The contract is for application of the TASCS IFM system on the 81mm mortar platform, which transforms it into a “smart” weapon system with greater accuracy and faster response time, improving soldier survivability and operational effectiveness. Work under the order is scheduled to commence immediately.

KWESST Founder, President and CEO Jeff MacLeod commented that, “This marks another key validating milestone in a market where TASCS IFM on the 81mm mortar alone could ultimately be worth up to C$120 million in the U.S. and another C$400 million worldwide, given the large installed base of 81mm mortars in service with so many NATO and allied military forces.”

KWESST previously announced the completion of an earlier two-phase initial contract with the same customer that marked the introduction of TASCS IFM on 81mm mortars in military exercises. “It is very encouraging to see the accelerated pace at which this important customer is expanding the use of TASCS IFM in its field exercises, and their confidence in KWESST,” added MacLeod. “It is an honor to be working with them to enhance soldier survivability and effectiveness, which is our core mission.”

As previously announced, the TASCS IFM system has attracted interest from other NATO forces who have requested proposals from KWESST, which the Company is currently actioning. “The fact that the TASCS IFM confers so many modernization advantages without any modification to weapon platforms or munitions is a huge attraction,” said MacLeod.

He added that, “The 81mm mortar is just one of many different weapon platforms that can be transformed into a smart system with TASCS IFM, providing soldiers on the ground with real-time networked situational awareness and precision targeting information.” Accordingly, KWESST is pursuing additional global markets for the TASCS IFM, which can also work on platforms such as: 60mm mortars; grenade launchers; sniper rifles; drones; electronic decoys; and more, with a total addressable market of more than C$1 billion.

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 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.

Contact: Jason Frame, Investor Relations: [email protected]

For more information, please visit https://kwesst.com/

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the plans and operations of KWESST. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. KWESST disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Image: TASCS IFM System on M252 (81mm)

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/7366/70148_ccd0de0d64153b68_001full.jpg

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Posted in KWESST Micro Systems Inc. | Comments Off on KWESST $KWE.ca Announces C$1.1 Million Follow-on Order For TASCS IFM From Key U.S. Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

UK to invest in #AI and #cyber as part of major #defense spending hike – SPONSOR: KWESST Micro Systems $KWE.ca $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 3:39 PM on Monday, November 30th, 2020

SPONSOR POST:

WHY KWESST? HERE’S SOME GREAT REASONS

1.   KWESST is a leader in defensive technologies that increase the capabilities of soldiers, including
those of NATO and its allies. 

2.  These technologies make a critical difference to soldier safety and effectiveness. 

3.  The Leadership team experience spans decades and hundreds of millions of dollars in military and homeland security contracts.

4.  KWESST develops next-generation systems for forces around the world, with a particular focus on special forces among NATO countries and their allies.

Image-1

5.  KWESST partners with globally recognized equipment manufacturers to integrate its systems into
their solutions to create high value-add products for global customers.

Image-2

UK to invest in AI and cyber as part of major defense spending hike

By: Natasha Lomas

The UK has announced a massive boost in defense spending — £16.5 billion ($21.8BN) over four years, the biggest such spending bump for 30 years — in what prime minister Boris Johnson has described as a “once in a generation modernization” of the UK’s armed forces and “the end of the era of retreat” on funding for defense.

Overall the UK prime minister said the spending hike will create 40,000 jobs, adding that it will cement the country’s position as the biggest military defense spender in Europe and the second largest in NATO after the US.

Johnson said the focus for investment will be on cutting edge technologies that can “revolutionize” warfare — implying a major role for artificial intelligence and sensor-laden connected hardware in “forging our military assets into a single network designed to overcome the enemy”, as he put it in a statement to parliament, setting out the first conclusions from an the (ongoing) review of security, defense, development and foreign policy.

“A soldier in hostile territory will be alerted to a distant ambush by sensors or satellites or drones instantly transmitting a warning using artificial intelligence to device the optimal response and offering an array of options — from summoning an air strike to ordering a swarm attack by drones, or paralyzing the enemy with cyber weapons,” Johnson told the House of Commons today, speaking via video conference as he continues to self isolate following a coronavirus contact.

“New advances will surmount the old limits of logistics,” he went on, fleshing out the rational for spending on upgrading military technology. “Our warships and combat vehicles will carry directed energy weapons — destroying targets with inexhaustible lasers. And for them the phrase out of ammunition will become redundant.”

“Nations are racing to master this new doctrine of warfare and our investment is designed to place Britain among the winners,” he added.

The review sets out at least £1.5BN extra — and £5.8BN total — spending on military R&D which Johnson said would be “designed to master the new technologies of warfare”.

There will also be a new R&D center set up with a dedicated focus on artificial intelligence, he added.

An RAF Space Command center is also in the works — with the aim of launching British satellites including the UK’s first rocket from Scotland in 2022.

While the airforce will get new fighter system that Johnson specified will incorporate AI and drone technology.

He also confirmed the existence of a National Cyber Force — a joint unit consisting of personnel from the UK’s intelligence agencies and military personnel which runs cyberops targeting terrorism, organized crime and hostile foreign state actors.

He suggested the hike in military spending on emerging technologies will filter down into wider societal tech gains, telling MPs: “The returns will go far beyond our armed forces — from aerospace to autonomous vehicles — these technologies have a vast array of civilian applications, opening up new vistas of economic progress.”

Responding to Johnson’s statement, the leader of the opposition, Keir Starmer, welcomed the announcement of increased spending for defense and the armed forces — but accused the government of issuing another “press release without a strategy” — pointing out that successive Conservative governments have eroded defense spending over the past ten years.

“This is a spending announcement without a strategy. The government has yet again pushed back vital parts of the integrated review and there’s no clarity over the government’s strategic priorities,” said Starmer, going on to query how the spending hike would be funded, given the economic crunch facing the UK as a result of the pandemic — asking whether it will require tax rises or cuts to public spending elsewhere, such as to the international development budget.

Starmer also raised the awkward matter of the Russia report — wondering why Johnson’s government has not acted on the “urgent” national security risks identified there.

The report, by parliament’s intelligence and security committee, found the UK lacks a comprehensive and cohesive strategy to respond to the cyber threat posed by Russia and other hostile states that are deploying online disinformation and influence ops to target democratic institutions and values.

It also sounded the alarm about how much Russian money is finding its way into UK political party coffers.

“The prime minister speaks of tackling global security threats, improving cyber capability — and that is all welcome, and we welcome it — but four months after the intelligence and security committee published its report concluding that Russia posed… an immediate and urgent threat to our national security,” noted Starmer.

Replying, Johnson dodged all Starmer’s questions — branding his criticisms “humbug [that] takes the cake” and opting to attack the Labour leader for having served under the party’s former leader, Jeremy Corbyn, who did not support increasing UK defense spending.

Source: https://techcrunch.com/2020/11/19/uk-to-invest-in-ai-and-cyber-as-part-of-major-defense-spending-hike/

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Posted in All Recent Posts, KWESST Micro Systems Inc. | Comments Off on UK to invest in #AI and #cyber as part of major #defense spending hike – SPONSOR: KWESST Micro Systems $KWE.ca $WRTC $BYRN.ca $PAT.ca $POWW

#AI to Boost Military Info-Tech Market – SPONSOR: KWESST Micro Systems $KWE.ca $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 9:54 AM on Friday, November 27th, 2020

SPONSOR POST:

WHY KWESST? HERE’S SOME GREAT REASONS

1.   KWESST is a leader in defensive technologies that increase the capabilities of soldiers, including
those of NATO and its allies. 

2.  These technologies make a critical difference to soldier safety and effectiveness. 

3.  The Leadership team experience spans decades and hundreds of millions of dollars in military and homeland security contracts.

4.  KWESST develops next-generation systems for forces around the world, with a particular focus on special forces among NATO countries and their allies.

Image-1

5.  KWESST partners with globally recognized equipment manufacturers to integrate its systems into
their solutions to create high value-add products for global customers.

Image-2

AI to Boost Military Info-Tech Market

  • Pentagon spending on artificial intelligence is expected to grow faster than the overall defense information-technology market, according to one analyst.
  • Eighteen contracts with a total value of $489 million were awarded by the Defense Department in 2019 for AI products and services, noted Brad Curran, industry principal for aerospace, defense and security at Frost & Sullivan.

By Jon Harper

While military spending on IT is projected to increase about 2 percent in 2021, artificial intelligence is projected to do better within that portfolio over the short-, medium- and long-term, he said during a recent webinar.

The Pentagon established the Joint Artificial Intelligence Center in 2018, and each of the services and many other organizations within the Defense Department are also doing their own work with the technology, he noted.

“The contracts to assist analysts and to assist human understanding, to be able to take large amounts of data and do predictive analytics is very important to DoD for logistics, for maintenance, for intelligence, for communications, to be able to make the best possible use of the crowded frequency spectrum,” he said. “Many different areas are using artificial intelligence more and more within DoD.”

Contract trends include computer vision engineering to improve network performance, and containerized and deployable machine learning systems, according to his presentation slides.

The market represents an opening for commercial firms, he noted. However, they might not always be able to sell commercial-off-the-shelf systems.

“Firms that provide artificial intelligence software and services … have to be flexible enough to modify their products to be able to work within and for a larger systems integrator or in contracting directly with DoD, to make sure that they are able to bring operational advantages,” he said. “They may have to modify it a bit and make sure that they’re meeting DoD operational needs.”

In addition to bidding on contracts directly, commercial companies can get their foot in the door of the military acquisition enterprise by working with large systems integrators, he noted.

“They’re always looking for subcontractors,” Curran said. “It’s a great way to break into the DoD market by partnering with established DoD network providers.”

Source: https://www.nationaldefensemagazine.org/articles/2020/11/12/ai-to-boost-military-info-tech-market

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Defense Market Size Anticipated To Exceed USD 10.5 Billion By 2023 – SPONSOR: KWESST Micro Systems $KWE.ca $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 5:28 PM on Thursday, October 29th, 2020

SPONSOR POST:

WHY KWESST? HERE’S SOME GREAT REASONS

1.   KWESST is a leader in defensive technologies that increase the capabilities of soldiers, including
those of NATO and its allies. 

2.  These technologies make a critical difference to soldier safety and effectiveness. 

3.  The Leadership team experience spans decades and hundreds of millions of dollars in military and homeland security contracts.

4.  KWESST develops next-generation systems for forces around the world, with a particular focus on special forces among NATO countries and their allies.

Image-1

5.  KWESST partners with globally recognized equipment manufacturers to integrate its systems into
their solutions to create high value-add products for global customers.

Image-2

KWESST Upgraded to SAMSUNG “USA Partner” Status

  • Announced the elevation of its affiliation with SAMSUNG Electronics America Inc. to “USA Partner” status
  • KWESST will be employing the SAMSUNG S20TE tactical smart phone in the production version of the Company’s Tactical Awareness and Situational Control System (TASCS) and for its Integrated Fires Module (IFM) for networked targeting on soldiers’ weapons
  • SAMSUNG S20TE device, also known as the Galaxy S20 Tactical Edition, is the latest mission-ready military smartphone built and proven by operators in special operations for rapid information capture, sharing and analysis in diverse operating environments

6.  KWESST provides small cap investors with a rare opportunity to invest in a high-growth, technology driven, global defence company with:

  • Tier-1 Customers
  • Global Customers
  • Proprietary Technologies
  • Diversified Products
  • Globally Renowned Executive Team With Massive Successful Track Records

—————–

Defense Market Size Anticipated To Exceed USD 10.5 Billion By 2023

Defense market size was valued around USD 6 billion in 2014 and is anticipated to exceed USD 10.5 billion by 2023, growing at a CAGR of over 6.1% from 2016 to 2023. The growth can be mainly attributed to increasing technological innovation and advancement. The technological improvements are expected to improvise the military power and thus resulting in making it stronger. Various nations are now concentrating on developing the protection systems for themselves as well as to trade with other militaries.

Proliferating security concerns among various nations and rising government spending in research and development activities is likely to propel the industry growth. Nations assessment of its security is mainly responsible for shaping its security system. As the country’s economy grows its security spending also increases. Nations are now retooling their fighting abilities towards more affordable and updated technology.

Countries such as China, Israel and Russia defense market see significant spending in improvising their resistance systems. As of 2015, U.S spends around 54% of its fiscal budget for military utilities and accounted for 37% of the overall industry share. It spends as much as USD 610 billion and ranks first in case of defense expenditure across the globe. Japan, China, United Kingdom, Russia, Germany, South Korea, France, Saudi Arabia and India collectively valued for USD 601 billion in 2015.

The global defense market is estimated to face two major challenges over the forecast period namely, profitability growth and cost cutting to maintain financial performance. In order to tackle these conditions several counties namely India is now focusing on defense foreign investments and technology platforms for increasing production operations in the country. As of 2015, The Ministry of Commerce and Industry (MC&I) has modified its FDI limit from 26% to 49% in order to improve country’s own security system. Moreover, declining resistance budgets accompanied by rising development costs is expected to hamper defense market growth from 2016 to 2023.

In addition, countries namely UAE, Saudi Arabia, India, South Korea, Japan, China and Russia exhibit potential growth prospects owing to threat from other countries. Defense companies are expected to witness huge growth opportunities owing to increasing investment in next generation ISR, unmanned combat land and sea vehicles, cognition & data analytics as well as improved precision strike with the assistance of non kinetic weapons. The defense market can be segmented on the basis of platform which includes airborne, naval and land based.

U.S. MDA (Missile Defense Agency) and Raytheon are jointly working on development of MOKV (Multi-Object Kill Vehicle) concept. These are specialized equipments that are likely to steer itself to the target and destroy the objects in space. In addition, India has test fired its AAD (advanced air defense) interceptor missile developed by DRDO (Defense Research and Development Organisation). It is a single-stage, anti-ballistic missile designed to suspend incoming missiles from an altitude of 30 kms. When integrated with Prithvi air defense missile, the experiment might result in two-tier ballistic missile defense system which is developed to intercept any threat from an altitude of 5000 kms.

Key industry participants in defense market share include Boeing, EADS/Airbus, United Technologies, Raytheon, Northrop Grumman and General Atomics Aeronautical Systems, ABG Shipyard Limited (ABG), Adcom Military Industries, Bharat Dynamics Limited, Brazilian Company Avionics Services, CADES Engineering Technologies Ltd, Cassidian Cyber Security, EBV Explosives Environmental Company, Direction des Constructions Navales Services (DCNS), BAE Systems Information and Electronic Systems Integration Inc. (US), EUREST Raytheon Support Services , European Advanced Technology S.A., Hispano-Suiza, HCL Aerospace & Defense and Advance Tech Control Pvt Ltd among others.

Source: https://www.gminsights.com/industry-analysis/defense-market

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Posted in All Recent Posts, KWESST Micro Systems Inc. | Comments Off on Defense Market Size Anticipated To Exceed USD 10.5 Billion By 2023 – SPONSOR: KWESST Micro Systems $KWE.ca $WRTC $BYRN.ca $PAT.ca $POWW

VIDEO: TMX Group, KWESST Micro Systems $KWE.ca C-Suite at The Open $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 1:55 PM on Wednesday, October 28th, 2020

TORONTO , Oct. 28, 2020- David E. Luxton , Executive Chairman, KWESST Micro Systems Inc. (TSXV: KWE), shares his company’s story in an interview with TMX Group.

The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange.  Videos provide insight into how company executives think in the current business environment.  To see the latest C-Suite at The Open videos visit https://www.tmxmoney.com/en/csuite.html .

About KWESST Micro Systems Inc. (TSXV: KWE)

KWESST Micro Systems Inc. is a proud leader in advancing the modern networked capability of soldiers and responders, including the networked Soldier Systems mission of NATO and its allies, with niche applications that make a critical difference to safety and effectiveness. For more information visit: https://www.kwesst.com/

About TMX Group (TSX: X)

TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange , TSX Venture Exchange , TSX Alpha Exchange , The Canadian Depository for Securities , Montréal Exchange , Canadian Derivatives Clearing Corporation , Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary , Vancouver and New York ), as well as in key international markets including London , Beijing and Singapore . For more information about TMX Group, visit our website at www.tmx.com . Follow TMX Group on Twitter: @TMXGroup .

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KWESST $KWE.ca Completes Second Phase of TASCS Contract for Key U.S. Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:36 AM on Wednesday, October 28th, 2020
  • Announced the completion of the second phase of three deliverables under a contract to support a U.S. military customer, featuring the Company’s signature Tactical Awareness and Situational Control System (TASCS) and its Integrated Fires Module (IFM).
  • Results of phase one and two, now being summarized into a phase three report, confirm that the TASCS IFM achieves greater accuracy and faster response times on indirect fire systems like mortars, improving soldier survivability and operational effectiveness
  • “We’re encouraged that the results and user feedback from these live-fire exercises have further increased customer confidence in the TASCS system,” said Jeff MacLeod, KWESST Founder and CEO, who added, “We’re pleased at the rapid pace as well as the outcome of these exercises, especially with such a key U.S. military customer, who has now requested a proposal from the Company for a next phase of expanded exercises to start in early 2021.”

Ottawa, Ontario–(October 28, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced the completion of the second phase of three deliverables under a contract to support a U.S. military customer, featuring the Company’s signature Tactical Awareness and Situational Control System (TASCS) and its Integrated Fires Module (IFM).

On September 22nd, 2020, the Company announced the completion of the first deliverable to provide real-time situational awareness and targeting information from a drone to ground forces and their mortar weapons systems. The second deliverable, just completed, incorporated customer feedback from the first phase to optimize TASCS operating procedures.

The results of phase one and two, now being summarized into a phase three report, confirm that the TASCS IFM achieves greater accuracy and faster response times on indirect fire systems like mortars, improving soldier survivability and operational effectiveness.

“We’re encouraged that the results and user feedback from these live-fire exercises have further increased customer confidence in the TASCS system,” said Jeff MacLeod, KWESST Founder and CEO, who added, “We’re pleased at the rapid pace as well as the outcome of these exercises, especially with such a key U.S. military customer, who has now requested a proposal from the Company for a next phase of expanded exercises to start in early 2021.”

As stated in the Company’s announcement of September 22nd 2020, contracted exercises like this with military customers are an important phase in the process towards potential introduction into service. The Company also noted at the time that at least two other NATO military customers have similar requirements, with demonstration contracts for the TASCS IFM system currently under consideration.

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 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.

Contact: Jason Frame, Investor Relations: [email protected]
Scott Young, Corporate Relations: [email protected]

For more information please visit https://kwesst.com/

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of KWESST after giving effect to the Qualifying Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. KWESST disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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Posted in All Recent Posts, Featured, KWESST Micro Systems Inc. | Comments Off on KWESST $KWE.ca Completes Second Phase of TASCS Contract for Key U.S. Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

CLIENT FEATURE: KWESST $KWE.ca A Leader in Defensive Technologies That Increase the Capabilities of Soldiers $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 5:38 PM on Tuesday, October 27th, 2020

WHY KWESST? HERE’S SOME GREAT REASONS

1.   KWESST is a leader in defensive technologies that increase the capabilities of soldiers,

including those of NATO and its allies. 

2.  These technologies make a critical difference to soldier safety and effectiveness. 

3.  The Leadership team experience spans decades and hundreds of millions of dollars in military and homeland security contracts.

4.  KWESST develops next-generation systems for forces around the world, with a particular focus on special forces among NATO countries and their allies.

5.  KWESST partners with globally recognized equipment manufacturers to integrate its

systems into their solutions to create high value-add products for global customers.

KWESST Upgraded to SAMSUNG “USA Partner” Status

  • Announced the elevation of its affiliation with SAMSUNG Electronics America Inc. to “USA Partner” status
  • KWESST will be employing the SAMSUNG S20TE tactical smart phone in the production version of the Company’s Tactical Awareness and Situational Control System (TASCS) and for its Integrated Fires Module (IFM) for networked targeting on soldiers’ weapons
  • SAMSUNG S20TE device, also known as the Galaxy S20 Tactical Edition, is the latest mission-ready military smartphone built and proven by operators in special operations for rapid information capture, sharing and analysis in diverse operating environments

6.  KWESST provides small cap investors with a rare opportunity to invest in a high-growth,

technology driven, global defence company with:

  • Tier-1 Customers
  • Global Customers
  • Proprietary Technologies
  • Diversified Products
  • Globally Renowned Executive Team With Massive Successful Track Records

FULL DISCLOSURE: Kwesst Micro Systems Inc. is an advertising client of AGORA Internet Relations Corp. 

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Posted in AGORACOM Via Satellite, All Recent Posts, KWESST Micro Systems Inc. | Comments Off on CLIENT FEATURE: KWESST $KWE.ca A Leader in Defensive Technologies That Increase the Capabilities of Soldiers $WRTC $BYRN.ca $PAT.ca $POWW

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