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

Posted by AGORACOM-JC at 8:41 AM on Monday, October 26th, 2020
  • Announced it has extended until December 15, 2020 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge
  • KWESST entered into a letter of intent with DEFSEC on June 6, 2020 to acquire the LEC technology, and is currently conducting due diligence on the technology and its market potential
  • LEC 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, and personal defence

Ottawa, Ontario–(October 26, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced it has extended until December 15, 2020 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge (“LEC”).

The owner of the LEC technology is DEFSEC Corporation, 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, and is currently conducting due diligence on the technology and its market potential.

The LEC 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, and personal defence. “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 as a strong fit with KWESST’s other smart ordnance technologies, like our Shot Counter system. Together, the LEC 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 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.

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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KWESST $KWE.ca Upgraded to SAMSUNG “USA Partner” Status $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:33 AM on Tuesday, October 20th, 2020
  • 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

Ottawa, Ontario–(October 20, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced the elevation of its affiliation with SAMSUNG Electronics America Inc. (“SAMSUNG”) to “USA Partner” status.

As a SAMSUNG USA Partner, 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 tactical smart devices are the preferred choice of military users around the world,” said Jeff MacLeod, KWESST Founder and CEO. “Therefore KWESST’s new status as a SAMSUNG USA Partner further positions KWESST to advantage in the tactical ecosystem.”

Today’s announcement builds on the Company’s earlier announcement of March 6th, 2020 regarding Headquarters Marine Corps Aviation sponsorship of KWESST to integrate the Company’s TASCS capability into the ATAK Battlefield Management Application in use with a wide range of military and homeland security users in the U.S. and internationally.

“Incorporation of KWESST’s TASCS and IFM applications into ATAK and SAMSUNG devices represent important milestones in the steady recognition and traction our applications are gaining in the military community as enablers of networked defence and security personnel and their operational assets,” added MacLeod.

Users of the SAMSUNG S20TE will have access to KWESST’s TASCS and IFMs applications at the push of a button for a networked common operating picture of the situation on the ground. And, with KWESST’s miniaturized snap-on adaptor containing sensors, software and ballistic algorithms, soldiers will be able to connect these smart SAMSUNG devices to their weapons, networking them into precision “smart munitions” systems for safer engagement and more effective coordinated targeting of adversaries.

The 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.

For more information on the SAMSUNG S20TE tactical smart phone please visit:

https://image-us.samsung.com/SamsungUS/samsungbusiness/pdfs/flyer/s20-salesflyer-FINAL.pdf

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: [email protected]

For more information please visit www.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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KWESST $KWE.ca Electronic Decoy Patent Receives Notice of Allowance from U.S. Patent Office $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 3:28 PM on Monday, October 5th, 2020
  • Announced that the United States Patent and Trademark Office has issued a Notice of Allowance for the Company’s patent application covering its PhantomTM electronic battlefield decoy
  • Notice of Allowance from the USPTO covers fifteen patent claims for a programmable multi-waveform radio frequency 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

Ottawa, Ontario–(October 5, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced that the United States Patent and Trademark Office (“USPTO”) has issued a Notice of Allowance for the Company’s patent application covering its PhantomTM electronic battlefield decoy.

“This marks an important addition to KWESST’s technology portfolio,” said Jeff MacLeod, President and CEO, who added that, “The allowed claims cover both the miniaturized device itself and methods of deploying it, which we believe constitute significant protection of the invention.”

KWESST’s PhantomTM system addresses the latest requirements for miniaturized electronic decoys that can be easily deployed by soldiers or drones in contested areas of operation to prevent adversaries from accurately locating NATO forces. “Owning the patent that protects both the technology and the method of deployment gives KWESST a distinct advantage in a vast emerging market of next-generation electronic countermeasures,” said the Company.

The Notice of Allowance from the USPTO covers fifteen patent claims for a programmable multi-waveform radio frequency 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 Company added that it is filing additional claims by way of a “Continuance” to expand the scope of its patent even further.

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 Grey GhostTM 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: [email protected]

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KWESST $KWE.ca Appoints Chief Financial Officer $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 4:46 PM on Thursday, October 1st, 2020
  • Announced the appointment of Steven Archambault, CPA, CA as the Company’s new Chief Financial Officer
  • Mr. Archambault brings a wealth of international finance experience to KWESST. With 15 years of public company experience, he has deep functional expertise and technical knowledge in all aspects of corporate finance, financial planning, and accounting, in addition to merger and acquisitions.
  • Mr. Archambault will commence immediately, replacing Paul Kania.

Ottawa, Ontario–(October 1, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced the appointment of Steven Archambault, CPA, CA as the Company’s new Chief Financial Officer.

Mr. Archambault brings a wealth of international finance experience to KWESST. With 15 years of public company experience, he has deep functional expertise and technical knowledge in all aspects of corporate finance, financial planning, and accounting, in addition to merger and acquisitions. Mr. Archambault will commence immediately, replacing Paul Kania.

Mr. Kania has been on contract as CFO since November 2019 to position the Company for its going public transaction and will remain available to KWESST as an advisor to facilitate the transition. David Luxton, Executive Chairman, thanked Mr. Kania on behalf of the board for his assistance in getting the Company to this milestone.

“We’re delighted to welcome Steven Archambault on board,” added Mr. Luxton. “He has the rare combination of experience and ability to contribute to the Company’s strategic agenda as well as ensure operational excellence as the Company grows from here.”

Steven Archambault commented, “I’m excited to be joining the KWESST leadership team at a time when the Company continues to gain traction with its disruptive technologies in the defence and security community, and the potential for outsized growth on a global scale with superior returns to shareholders.”

Mr. Archambault’s appointment will initially be on a part-time employment basis for the next six months with KWESST having the option to convert the employment to a full-time indefinite period.

In connection with his appointment, Mr. Archambault has been granted 250,000 options exercisable at a price of $0.75 until September 29, 2025.

Steven Archambault Bio

Mr. Archambault began his career as a CPA, CA with Ernst & Young LLP, followed by senior finance positions at AXIS Capital, a global insurer and reinsurer, and more recently had CFO roles with small cap public Canadian companies listed on the TSX-V and CSE in media broadcasting technology and health & wellness industries.

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 Grey GhostTM 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: [email protected]

For more information please visit www.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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VIDEO – Soldier Launched Micro Drones, Electronic Soldier Decoys and a $93,000,000 Pipeline – Meet Brand New Listing KWESST Micro Systems $KWE.ca $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 9:17 AM on Thursday, October 1st, 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 weeks 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 stands 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 first ever interview with David Luxton himself to learn about where KWESST is going.  

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

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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 4:23 PM on Tuesday, September 29th, 2020

(KWE:TSXV)

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.

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 Product
  • 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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KWESST $KWE.ca Announces Pending Patent for Improved Digital Aiming Systems $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:29 AM on Thursday, September 24th, 2020
  • Confirmed the formalization of patent pending status of an invention which improves the accuracy of military weapons systems, utilizing a novel micro-optical and computer vision technology, branded “Polaris”
  • Polaris works with digital aiming systems for military weapons including the KWESST’s flagship Tactical And Situational Control System (TASCS) and its Integrated Fires Module (IFM) to achieve the kind of accuracy normally obtainable only with expensive “smart” weapons systems.
  • TASCS IFM and its Polaris enhancement are comprised of an app and simple snap-on device that turns traditional “dumb” weapons into “smart” weapons, without any modification to the weapons or ammunition

Ottawa, Ontario–(September 24, 2020) –  KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today confirmed the formalization of patent pending status of an invention which improves the accuracy of military weapons systems, utilizing a novel micro-optical and computer vision technology, branded “Polaris”.

Polaris works with digital aiming systems for military weapons including the KWESST’s flagship Tactical And Situational Control System (TASCS) and its Integrated Fires Module (IFM) to achieve the kind of accuracy normally obtainable only with expensive “smart” weapons systems. TASCS IFM and its Polaris enhancement are comprised of an app and simple snap-on device that turns traditional “dumb” weapons into “smart” weapons, without any modification to the weapons or ammunition.

KWESST President and CEO, Jeff MacLeod, commented that, “Polaris is an important enhancement to KWESST’s TASCS and IFM system, which we believe will make this whole technology set even more compelling for military customers as they seek to improve the precision and utility of existing weapons systems.” He added: “While developed to work with our TASCS IFM module, Polaris could be implemented on non-competing fire control systems sold by other manufacturers.”

As well, Polaris and TASCS IFM enhance safety since weapon system commanders receive an accurate visual indication of the point of impact, allowing them to monitor projected impact points and quickly adjust aiming for greater precision.

The TASCS and Polaris suite integrate seamlessly into Battlefield Management Applications (BMA), the software systems used by NATO and NATO allies’ militaries to disseminate information, plan operations, and provide general operational awareness.

Current military digital aiming systems for weapons can suffer from inaccuracy due to fluctuations in inertial navigation, GPS, and digital magnetic compass bearings, particularly when weapons are stationary for long periods of time. Polaris overcomes these inherent inaccuracies through digital aiming that is not affected by magnetic fields, shock or recoil, or “drift” in location bearings over time.

The key benefits of Polaris for military users include:

  • Faster time on target;
  • Improved first round effects and accuracy; and
  • Reduction in the number of rounds required to neutralize a target.

Improved accuracy and first round effects also mean a reduction in potential collateral damage.

About TASCS and IFM

TASCS is an app and snap-on weapon adaptor that streams situational awareness and targeting information from any source directly to soldiers’ smart devices and their weapons systems for a leap ahead in safer and more effective engagement of adversaries. IFM is the variant of TASCS that integrates this capability into many short-range and long-range weapons systems, including grenade launchers and mortars.

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 includes:

  • Its signature TASCSTM system (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 Grey GhostTM 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.
  • 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: [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. 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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KWESST $KWE.ca Completes First Phase of Contract Delivery For TASCS to U.S. Military Customer $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 8:32 AM on Tuesday, September 22nd, 2020
  • Announced the successful completion of the first 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”)
  • First deliverable under a $500,000 (CAD) contract demonstrated the TASCS Integrated Fires Module on mortars and the Augmented Weapon Sight, a system developed by AeroVironment Inc. and KWESST to provide real-time situational awareness and targeting information
  • “These important military exercises demonstrate the maturity of the TASCS system,” said KWESST CEO Jeff MacLeod

Ottawa, Ontario–(September 22, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced the successful completion of the first 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”).

This first deliverable under a $500,000 (CAD) contract demonstrated the TASCS Integrated Fires Module (“IFM”) on mortars and the Augmented Weapon Sight (“AWS”), a system developed by AeroVironment Inc. (“AeroVironment”) and KWESST to provide real-time situational awareness and targeting information. AWS streams Full Motion Video (“FMV”) from an overhead Unmanned Aerial Vehicle (“UAV” or “drone”) manufactured by AeroVironment into the TASCS architecture for the purpose of target identification, accurate first-shot hits and real-time Battle Damage Assessment (“BDA”). The AWS system has been an ongoing collaboration between KWESST and AeroVironment.

“These important military exercises demonstrate the maturity of the TASCS system,” said KWESST CEO Jeff MacLeod. “We are very pleased at the performance of the system and the valuable user feedback. We expect the next two contracted demonstration exercises later this year to attract added customer attention and the development of operating procedures that will be employed in more extensive exercises expected in early 2021.”

David Luxton, Executive Chairman, added, “Demonstration exercises like this with military customers are an important phase in the process towards potential introduction into service. It is very encouraging that this key U.S. military customer is scheduling additional exercises, and that at least two other NATO military customers have similar capability demonstration contracts under consideration.”

About TASCS, IFM and AWS

“TASCS” is an app and snap-on weapon adaptor that streams situational awareness and targeting information from any source directly to soldiers’ smart devices and their weapons systems for a leap ahead in safer and more effective engagement of adversaries. “IFM” is the variant of TASCS that integrates this capability into many short-range and long-range weapons systems, including grenade launchers and mortars. “AWS” utilizes the TASCS system to stream situational and targeting information from AeroVironment Unmanned Aerial Vehicles (“UAV”s, or “drones”) directly to the TASCS display on soldiers’ smart devices and weapons systems in real time.

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 Grey GhostTM 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 and trades on the TSXV under the symbol KWE.

Contact: Jason Frame, Investor Relations
Email: [email protected]
For more information please visit www.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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