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KWESST Generates New Regional Opportunities at IDEX 2023
Successes at biggest defense Expo in the Middle East accelerates KWESST's MENA market development...
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[{"type":"text","content":"KWESST Generates New Regional Opportunities at IDEX 2023Successes at biggest defense Expo in the Middle East accelerates KWESST's MENA market development planOttawa, Ontario--(Newsfile Corp. - February 27, 2023) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62UA)  (\"the Company\" or \"KWESST\"), a developer of next-generation tactical systems for military, security, and personal defense markets, today reported on the highlights of its attendance at IDEX 2023, which wrapped up on February 24 in Abu Dhabi, United Arab Emirates.\"This was the biggest IDEX ever,\" said David Luxton, Executive Chairman of KWESST. \"And a place where real business gets done. As a result, we have some very specific opportunities in the Middle East and North Africa (\"MENA\") region.\"Key business pursuits for the Company arising from IDEX include:A digitization project to provide first responders with shared, real-time situational awareness in critical incident response - similar to the kind the Company is currently doing for Ground Search And Rescue (\"GSAR\") under a contract for Public Safety Canada.A digitization project to feed video footage directly to shipborne and ground personnel from airborne platforms conducting maritime patrol operations in the Gulf. Potential application of KWESST's digital Integrated Fires Module (\"IFM\") on mobile 81 mm mortar systems for automated targeting of \"shoot and scoot\" operationsEquipping police and security forces in the MENA region with the Company's new PARA OPS non-lethal system through distributors the Company met with.Potential co-ventures with UAE defence technology agencies and financial partners, arranged through the Company's investment bankers, Think Equity, New York.\"We thank and congratulate the Government of Ontario and the Canadian Embassy officials in Abu Dhabi who facilitated key meetings for KWESST,\" said Luxton. \"Without this kind of help, a company can waste a lot of time in foreign markets. With their assistance we accelerated our MENA market development plan, met with the right people, and expect to be formalizing commercial representation and partnership agreements in the coming weeks, some of them on near-term projects and opportunities.\" Partnerships with local defence companies and agencies have taken on greater importance in the region, espec...