Business
Kwesst Announces Market Introduction and Progress of Phantom(TM) Electronic Decoy
Teaming in progress with global defense contractor for quantity requirement U.S. military...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"Kwesst Announces Market Introduction and Progress of Phantom(TM) Electronic DecoyTeaming in progress with global defense contractor for quantity requirementU.S. military selects PhantomTM for showcase demonstrationDemonstrations, requests for pricing, underway with other NATO customersGrowing suite of patents, strong IP protection Ottawa, Ontario--(Newsfile Corp. - October 4, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (\"KWESST\" or \"the Company\") today announced several favorable developments regarding the introduction to market of its PhantomTM electronic battlefield decoy. PhantomTM is a programmable radio frequency (\"RF\") generator that can mimic the electronic communications of NATO forces, thus fooling adversaries as to their location. PhantomTM also provides the ability to see radio frequency energy of both adversaries and friendly forces and gives the user a high-fidelity planning capability for optimal placement for maximum effectiveness. Finally, PhantomTM provides a training function that allows NATO forces to \"practice\" operating in Electronic Warfare (\"EW\") environments.Requirement for PhantomTM on armored vehiclesAs part of discussions with large defense contractors, the Company announced that it is in advanced negotiations with a global defense contractor to provide PhantomTM units as part of the contractor's tender for armored vehicles to a large NATO customer. Inclusion of an electronic battlefield decoy technology, like KWESST's PhantomTM on the vehicles was requested by the NATO customer as part of the tender. Should the defense contractor win the tender, it is expected that the accompanying requirement for PhantomTM will result in a contract worth more than USD $40M for KWESST depending on the number of vehicles purchased, with initial revenue in the current fiscal year and ramping up in 2023 and 2024. Showcase demonstration for U.S. militaryThe U.S. Department of Defense (\"DoD\") has requested a showcase demonstration of PhantomTM at its upcoming signature, invitation-only event \"Silent Swarm 22\" next summer for advanced Electro Magnetic Spectrum Operations (\"EMSO\"). In July 2021, PhantomTM was showcased by invitation-only to a U.S. Special Operations Command (\"USSOCOM\") technical exercise, where KWESST designers and engineers engaged with the Special Operations community in ...