Business
KWESST Announces Intention to Change Corporate Name At Opening of Expanded New Facility
Intention to change name from "KWESST Micro Systems Inc." to "DEFSEC Technologies Inc.," ticker s...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"KWESST Announces Intention to Change Corporate Name At Opening of Expanded New FacilityIntention to change name from \"KWESST Micro Systems Inc.\" to \"DEFSEC Technologies Inc.,\" ticker symbol to change to DFSC, legal entity remains unchanged.Ottawa, Ontario--(Newsfile Corp. - June 25, 2025) - KWESST Micro Systems Inc.  (TSXV: KWE)  (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62U1) (\"KWESST\" or the \"Company\") a leader in advanced tactical systems for the defense and public security market, announces that it intends to change its name to \"DEFSEC Technologies Inc.\" at the opening of its expanded new facility at 80 Hines Road in Kanata North, Ottawa, Ontario. The proposed name change is subject to approval from the TSX Venture Exchange (the \"TSXV\"), and the completion of all applicable regulatory filings. Assuming the satisfaction of these requirements, the name change is expected to become effective on or around June 30, 2025 on both the TSXV and the Nasdaq Capital Market (the \"Nasdaq\"). DEFSEC Technologies Inc. will trade on the TSXV and the Nasdaq under the symbol \"DFSC\".\"We are very pleased to have adopted the name DEFSEC Technologies Inc.,\" said Sean Homuth, President and CEO. DEFSEC is a much more obvious descriptor of what we do in the Defense and Public Security market, and we believe our customers, partners and employees will quickly find it an intuitive short-hand for the business we're in. We also want to signify that we're a technology company, thus the additional term, \"Technologies\".In attendance were more than 100 dignitaries and invited guests who had an opportunity to view a display of the Company's technologies and products for improved safety and survivability of soldiers and police, including:The Company's latest Battlefield Laser Detection System, with a first order received last week from a military systems integrator for a North American armored vehicle program, as announced on June 18, 2025.The ARWEN line of non-lethal products for safely neutralizing dangerous threats, with hundreds of lives saved, plus the new PARA \"Mini\" and \"Micro\" versions currently undergoing customer evaluation.Real-time situational awareness for the Canadian Forces, incorporating \"Team Awareness Kit\" (\"TAK\") used by U.S. military and Homeland Security agencies and now being adopted by ...