KWESST Responds to OTC Markets Request on Recent Promotional Activity
Ottawa, Ontario--(Newsfile Corp. - April 7, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") has been requested by OTC Markets Group Inc. to issue this statement about promotional activity concerning its common stock. On April 6, 2021, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock traded on the OTCQB Marketplace, including the distribution of two promotional newsletter...
2021-04-07 10:45 PM EDT
KWESST Announces C$2.5 Million Brokered Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - April 6, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead agent and sole bookrunner (the "Lead Agent"), on its own behalf and, if applicable, on behalf of a syndicate of agents (together with the Lead Agent, the "Agents") in connection with a best efforts, private placement of up to 2,000,000 units of the Company (the "Units")...
2021-04-06 3:41 PM EDT
KWESST Signs Exclusive Counter-Drone Technology License Agreement
Ottawa, Ontario--(Newsfile Corp. - April 6, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has signed an Amended and Restated License Agreement (the "Agreement") with AerialX Drone Solutions Inc. ("AerialX") for counter-drone technology. In October 2019 KWESST signed a non-exclusive worldwide license with AerialX and has now gained exclusive rights to the technology for U.S. and Canadian militaries. The product which is based...
2021-04-06 8:34 AM EDT
KWESST Micro Systems Announces Results of 2021 Annual General and Special Meeting of Shareholders
Ottawa, Ontario--(Newsfile Corp. - April 1, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") announces the results of its 2021 Annual and Special Meeting of shareholders held on Wednesday, March 31, 2021 in virtual format. Shareholders approved all the resolutions detailed in the management information circular of the Company dated February 11, 2021, namely: Electing all the nominees to the Board of Directors of the Company; Appointing KPMG LLP as...
2021-04-01 8:39 AM EDT
KWESST Retains Generation IACP Inc. for Market Making
Ottawa, Ontario--(Newsfile Corp. - March 30, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has retained Generation IACP Inc. ("IACP") to provide market making services in accordance with TSX Venture Exchange policies. IACP will trade the securities of KWESST on the TSX‐V for the purposes of maintaining an orderly market. In consideration of the services provided by IACP, KWESST will pay IACP a monthly cash fee of $7,500 for a...
2021-03-30 11:00 PM EDT
KWESST Establishes ATAK Centre of Excellence in Ottawa
Ottawa, Ontario--(Newsfile Corp. - March 30, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has established an ATAK Centre of Excellence in Ottawa. The centre will facilitate customer requirements for integration into the U.S. battlefield management application known as ATAK (Android Tactical Assault Kit). ATAK is an Android geospatial and situational awareness system that provides users with a drop-down menu of approved...
2021-03-30 7:54 AM EDT
KWESST Announces Filing of Provisional Patent for Non-Lethal Munitions Technology System
Ottawa, Ontario--(Newsfile Corp. - March 23, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company") today provided an update on its planned acquisition of a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology ("LEC Technology") (for further details on the proposed acquisition, please refer to the Company's January 18, 2021 news release). The LEC Technology is a proprietary non-lethal cartridge-based ordnance...
2021-03-23 8:09 AM EDT
KWESST Completes Successful Integration of TASCS IFM for 81mm Mortar into "ATAK" for Key U.S. Military Customer
Ottawa, Ontario--(Newsfile Corp. - March 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has successfully achieved an important milestone under the contract announced in December 2020 for a key military customer. This milestone entailed the integration of the Company's TASCS (Tactical Awareness Situational Control System) IFM (Integrated Fires Module) for the 81mm Mortar Fire Control System into the Android Tactical Assault...
2021-03-16 8:08 AM EDT
KWESST Enters into Investor Relations Agreement
Ottawa, Ontario--(Newsfile Corp. - March 3, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it has entered into an agreement for electronic media and webcast services, design, development and dissemination services with Emerging Markets Consulting, LLC (EMC). EMC will be providing investor relation services to the Company, effective March 5th, 2021. The EMC agreement has an initial term of 90 days, and the Company has paid...
2021-03-03 8:18 AM EST
Elisabeth Preston Joins KWESST Board of Directors
Ottawa, Ontario--(Newsfile Corp. - February 24, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that Elisabeth Preston has joined the Company as a member of the board of directors and will also serve as the Company's Corporate Secretary. David Luxton, Executive Chairman of KWESST, said "The entire board extends a very warm welcome to Elisabeth. We are all well acquainted with her by reputation, and I have had the pleasure of...
2021-02-24 8:32 AM EST
KWESST To Feature Latest Products At IDEX 2021, Abu Dhabi
Ottawa, Ontario--(Newsfile Corp. - February 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) and (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that its latest products will be featured at the IDEX defence show in Abu Dhabi, February 21 - 25, 2021. IDEX is the largest defence show of its kind in the Middle East, attracting tens of thousands of visitors from across the "MENA" region (Middle East and North Africa). KWESST's latest featured products will include the following:...
2021-02-16 8:34 AM EST
KWESST to Begin Trading on OTCQB (R) Venture Market
Ottawa, Ontario--(Newsfile Corp. - February 3, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced that its common shares have been approved for listing on the OTCQB ® Venture Market ("OTCQB ®"), a US trading platform that is operated by the OTC Markets Group in New York. Effective tomorrow February 4, the Company will commence trading on the OTCQB ® under the symbol KWEMF. The Company's common shares will continue to trade on the TSX Venture Exchange...
2021-02-03 11:59 AM EST
General Rick Hillier, Former Canadian Chief of the Defence Staff, to Lead KWESST International Advisory Council
Ottawa, Ontario--(Newsfile Corp. - January 25, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced that Canadian General (Retired) Rick Hillier will lead KWESST's new International Advisory Council, which will provide guidance to the Company on its strategic build-out on a global scale. General Hillier served as Canada's Chief of Defence Staff ("CDS") CDS from February 4, 2005, to July 1, 2008. He is noted for "getting stuff done" and was instrumental in...
2021-01-25 8:37 AM EST
KWESST Enters into Non-Lethal Technology Purchase Agreement
Ottawa, Ontario--(Newsfile Corp. - January 18, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced it has entered into a technology purchase agreement (the "Purchase Agreement") with DEFSEC Corporation ("DEFSEC") to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology ("LEC Technology"). The LEC Technology is a proprietary non-lethal cartridge-based ordnance system. DEFSEC is an Ottawa-based based...
2021-01-18 8:23 AM EST
KWESST Announces Additional U.S. Patent Allowance for Phantom Electronic Decoy
Ottawa, Ontario--(Newsfile Corp. - December 30, 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...
2020-12-30 8:37 AM EST
KWESST Extends Option to Acquire Non-Lethal Technology
Ottawa, Ontario--(Newsfile Corp. - 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...
2020-12-15 6:33 AM EST
KWESST Announces C$1.1 Million Follow-on Order For TASCS IFM From Key U.S. Military Customer
Ottawa, Ontario--(Newsfile Corp. - December 14, 2020) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced a follow-on order for approximately C$ 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...
2020-12-14 6:33 AM EST
KWESST Micro Systems Retains Hybrid Financial for IR, Applies for Listing On OTCQB
Ottawa, Ontario--(Newsfile Corp. - November 25, 2020) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") is pleased to announce that it has, subject to all required regulatory approvals, including the approval of the TSX Venture Exchange (the "Exchange"), retained Hybrid Financial Ltd. ("Hybrid") to provide marketing, market awareness and corporate broker services, pursuant to an agreement entered into between the Corporation and Hybrid dated as of November 24, 2020 (the...
2020-11-25 8:23 AM EST
KWESST Completes Second Phase of TASCS Contract for Key U.S. Military Customer
Ottawa, Ontario--(Newsfile Corp. - 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...
2020-10-28 8:23 AM EDT
KWESST Extends Option to Acquire Non-Lethal Technology
Ottawa, Ontario--(Newsfile Corp. - 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...
2020-10-26 8:23 AM EDT