KWESST Signs Master Agreement with Global Defence Contractor for Digitization of Canadian Land Forces
14 Dezember 2021 - 5:15PM
InvestorsHub NewsWire
Ottawa, Ontario, Canada -- December 14, 2021 -- InvestorsHub
NewsWire -- KWESST Micro Systems Inc. (TSXV:
KWE) (OTCQB:
KWEMF) ("KWESST" or "the Company"), today announced that a top
global defence contractor has signed a Master Professional Services
Agreement ("Master Agreement") with KWESST to support the
development of digitization solutions for future Canadian land
C4ISR programs under Strong,
Secure, Engaged: Canada's Defence
Policy. (1)
Under the Master Agreement and initial order, KWESST will assist
in the development of an initial prototype system that networks
soldiers with information from various sources in real time,
including location of friendly forces and adversaries, and
facilitates more effective, coordinated fire. "This capability is
similar to the kind of solution we provided to a key U.S. military
customer under a contract now in the final stage of delivery," said
Jeff MacLeod, KWESST Founder, President and CEO. "Situational
awareness information like this, provided in real time, keeps
soldiers safer and makes them operationally more effective, two key
goals of future soldier programs throughout NATO."
The first orders are for delivery over the course of 2022 by
KWESST's Digitization business unit. "This work is an important
showcase precursor for Canada's next-generation Land Command
Support System ("LCSS") for various procurements planned
under Strong,
Secure, Engaged: Canada's Defence Policy and Canada's
Joint Fires Modernization Project which will enable tactical,
operational and strategic fires and effects information to be
shared through a digital network in near real-time. This capability
will enable instantaneous sharing of the common operating picture
including targets, friendly locations and command and control
information," said MacLeod, who added, "We are of course very
pleased to be selected for this important positioning project,
which leverages our core expertise in the integration of tactical
systems for dismounted soldiers."
The capability to be developed under the present order includes
information exchange between applications on the same device and
between applications on different platforms, in particular for
"joint fires." Joint fires is the coordinated and integrated
employment of all weapon platforms delivering fires (includes land,
air, naval delivered indirect fires) to achieve the required
effects on ground targets to support land operations in the full
spectrum of conflict. It encompasses the integration of indirect
fires and effects in order to influence the adversary forces,
installations or functions.
(1) Source: https://canadianarmytoday.com/land-c4isr-the-bridge-to-a-better-way-to-buy-high-tech/
About KWESST
KWESST develops and commercializes breakthrough next-generation
tactical systems that meet the requirements of security forces and
personal defense for overmatch capability against adversaries. The
company's current portfolio of unique proprietary offerings include
its unique non-lethal Low Energy Cartridge (LEC) system with
application across all segments of the non-lethal market, including
law enforcement and personal defence. KWESST is also involved in
the digitization of tactical forces for shared situational
awareness and targeting with its signature
TASCSTM (Tactical Awareness and Situational Control
System) for real-time awareness and targeting information from any
source (including drones) streamed directly to users' smart devices
and weapons. Other KWESST products include counter-measures against
threats such as drones, lasers and electronic detection. These
include the autonomous GreyGhostTM soldier-portable
micro drone missile system that defends against small hostile
drones including swarms using high-speed kinetic impact; a Ground
Laser Defence system to counter the emerging threat of weaponized
lasers against personnel and the
PhantomTM electronic battlefield decoy system to
mask the electromagnetic signature of friendly forces with decoy
signatures at false locations to deceive and confuse adversaries.
These systems can operate stand-alone or integrate seamlessly with
OEM products and battlefield management systems. The Company is
headquartered in Ottawa, Canada, with representative offices in
Washington, DC, London, UK and Abu Dhabi, UAE. KWESST trades on the
TSX Venture Exchange under the symbol KWE and on the U.S. OTCQB
under the symbol KWEMF.
Contact: Jason Frame, Investor Relations: frame@kwesst.com
For more information, please visit https://kwesst.com/
Cautionary Note Regarding Forward-Looking
Statements
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation for the purpose of
providing information about management's current expectations and
plans relating to the future. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to: general business, economic,
competitive, political and social uncertainties. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. KWESST
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
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