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KWESST Provides Update on Recent Developments
Phantom selected by U.S. military for key technology demonstration Additional teaming ag...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"KWESST Provides Update on Recent DevelopmentsPhantom selected by U.S. military for key technology demonstration Additional teaming agreements in progress with top global defense contractorsPotential acquisition and teaming deals in progress to accelerate LEC ramp-upKWESST has submitted initial application to list on NASDAQAudited statements for fiscal 2021 ended 30 September 2021 filed on SEDARLive demonstration of Low Energy Cartridge (LEC) system November 15, 2021 KWESST presented at U.S. investor conference November 20, 2021Ottawa, Ontario--(Newsfile Corp. - November 23, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (\"KWESST\" or \"the Company\"), a publicly-traded company listed on the TSX Venture Exchange (symbol: KWE) and the OTCQB© Markets (symbol: KWEMF) today announced the filing of audited consolidated financial statements and MD&A for the fiscal year ended September 30, 2021 and provided details of recent developments expected to accelerate corporate growth.These are available under the Company's profile on SEDAR (www.sedar.com).\"We believe these recent developments will accelerate and expand our market entry on a number of fronts,\" said Jeff MacLeod, KWESST Founder, President and CEO, who reported as follows on the Company's various product areas.Phantom selected by U.S. military for key technology demonstrationKWESST has received notification from a U.S. military organization that its PhantomTM electronic deception system has been evaluated and selected for demonstration to address operational requirements. This comes on the heels of selection of the PhantomTM system by General Dynamics Land Systems (\"GDLS\") for electronic deception on board vehicles under a major new program for one of its key military customers, as announced by the Company on November 12, 2021. The demonstration will be conducted in December 2021 at KWESST's U.S. Test and Evaluation facility.Additional contractual agreements in progress with top global defense contractorsKWESST also stated today that it continues to progress negotiations with other global defense contractors for other Company products and services, including work to integrate the operational equipment and applications of defense contractors into the U.S. ATAK battlefield management software system, something KWESST has already done for its own offering...