Business
KWESST Extends Investor Relations Agreement with Emerging Markets Consulting
Ottawa, Ontario--(Newsfile Corp. - June 8, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQ...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"KWESST Extends Investor Relations Agreement with Emerging Markets ConsultingOttawa, Ontario--(Newsfile Corp. - June 8, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (\"KWESST\" or \"the Company\") is pleased to announce that it has extended the term of its previously announced agreement with Emerging Markets Consulting, LLC (EMC) until June 8th, 2022. EMC will continue to provide investor relation services to KWESST, including electronic media and webcast services, design, development and dissemination services. Jeff MacLeod, President and CEO of KWESST, said: \"Following our recent acquisition of the Low Energy Cartridge system, we believe the time is right to be reaching U.S. based investors. The Low Energy Cartridge system is the world's first cartridge based non-lethal firing system with universal applications across four market segments that currently use a variety of dated non-lethal or less-lethal. These segments are (i) public order (riots and control of dangerous subjects), (ii) military and law enforcement training (realistic force-on-force training), (iii) personal defence (home, car, boat, RV, camping, hiking), and (iv) high-action gaming.\" He concluded: \"We expect the continued engagement of EMC will help us expand our shareholder base and the liquidity of the stock to the benefit of all shareholders.\"James Painter, President of EMC, said: \"We are pleased to continue to represent KWESST Micro Systems Inc. A few years ago, EMC had the privilege to be one of the marketing and investor relations firms for a premier personal defence and law enforcement company in the United States. We are excited about the KWESST's Low Energy Cartridge System and see a blue ocean of opportunity for it in the less-than-lethal market.\"The compensation to be paid to EMC will be established by the Parties in writing from time to time, based on the scope of work of various investor relations projects undertaken by EMC on behalf of KWESST. Such compensation will be commensurate with the scope of work for each project. Neither EMC nor any of its principals currently own any securities, directly or indirectly, of the Company or have any intention to acquire any securities of the Company. The extension of EMC's engagement is subject to KWESST making certain filings with and approval by the TSX Venture Exchange. About Emerging...