KWESST To Hold Investors Update Call on Tuesday May 11th, 2021 at 2:00 PM EDT
Ottawa, Ontario--(Newsfile Corp. - May 7, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it will hold an investors update call on Tuesday May 11th, 2021 at 2:00 PM ETD. The details of the call are as follows: Presenter: David Luxton, Executive Chairman of KWESST Topics: Mr. Luxton will describe the significance of the Company's acquisition of Low Energy Cartridge ("LEC") systems and the go-to-market strategy for the LEC ....
2021-05-07 3:19 PM EDT
KWESST Closes over Subscribed Brokered Private Placement for Gross Proceeds of $4.42 Million
Ottawa, Ontario--(Newsfile Corp. - April 29, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce the closing of its over subscribed previously announced brokered private placement for total gross proceeds of C$4,420,071.25 (the "Offering") by the issuance of 3,536,057 units of the Company (the "Units") at a price of $1.25 per Unit. On April 6, 2021, the Company had announced a $2.5 million private placement which got upsized to $4...
2021-04-29 2:20 PM EDT
KWESST Announces U.S. Patent Award for Phantom(TM), Qualifies for Government Programs
Ottawa, Ontario--(Newsfile Corp. - April 20, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced the award of U.S. patent 10,969,467 B1 for Programmable Multi-Waveform RF Generator for Use as Battlefield Decoy. This patent is one of the core technologies of the Company's PhantomTM electronic decoy, as described in the press releases of October 5th and December 30th, 2020. In conjunction with the patent award, the Company confirmed that the...
2021-04-20 2:57 PM EDT
KWESST Updates SEDAR Filings
Ottawa, Ontario--(Newsfile Corp. - April 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has filed on SEDAR an amended Annual Information Form for the fiscal period ended September 30, 2020 and Amended and Restated Condensed Consolidated Interim Financial Statements and MD&A for the three-month period ended December 31, 2020 (the "Q1 Filings"). The primary change to the Q1 Filings is the reversal of $159,124 accrued...
2021-04-16 8:00 PM EDT
KWESST Announces Appointment of VP Operations and Full-Time Engagement of Existing CFO
Ottawa, Ontario--(Newsfile Corp. - April 14, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has appointed Rick Bowes, CD, MA, MBA in the new position of Vice President, Operations to oversee and accelerate market introduction of the Company's products and services for Digitization and Tactical Products ("DTP"). The DTP business unit comprises the bulk of the Company's current products and services, including TASCS, ATAK...
2021-04-14 8:52 AM EDT
KWESST Announces Upsizing of Previously Announced Brokered Private Placement
Ottawa, Ontario--(Newsfile Corp. - April 9, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that in connection with its previously announced brokered private placement (the "Offering"), the Company and PI Financial Corp., the lead agent and sole bookrunner (the "Lead Agent") for the Offering, have agreed to increase the size of the Offering to raise total gross proceeds of $4 million. The Company now intends to issue 3,200,000...
2021-04-09 8:07 AM EDT
KWESST Releases Video and Photos Of TASCS IFM For 81 mm Mortar in U.S. Military Exercises
Ottawa, Ontario--(Newsfile Corp. - April 8, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to release approved footage and pictures of the KWESST TASCS Integrated Fires Module ("IFM") in action in live-fire exercises at a U.S. military base. These exercises are being held pursuant to a contract with a key U.S. military customer (for further information please see the December 2020 news release at...
2021-04-08 6:35 AM EDT
KWESST Responds to OTC Markets Request on Recent Promotional Activity
Ottawa, Ontario--(Newsfile Corp. - April 7, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") has been requested by OTC Markets Group Inc. to issue this statement about promotional activity concerning its common stock. On April 6, 2021, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock traded on the OTCQB Marketplace, including the distribution of two promotional newsletter...
2021-04-07 10:45 PM EDT
KWESST Announces C$2.5 Million Brokered Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - April 6, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead agent and sole bookrunner (the "Lead Agent"), on its own behalf and, if applicable, on behalf of a syndicate of agents (together with the Lead Agent, the "Agents") in connection with a best efforts, private placement of up to 2,000,000 units of the Company (the "Units")...
2021-04-06 3:41 PM EDT
KWESST Signs Exclusive Counter-Drone Technology License Agreement
Ottawa, Ontario--(Newsfile Corp. - April 6, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has signed an Amended and Restated License Agreement (the "Agreement") with AerialX Drone Solutions Inc. ("AerialX") for counter-drone technology. In October 2019 KWESST signed a non-exclusive worldwide license with AerialX and has now gained exclusive rights to the technology for U.S. and Canadian militaries. The product which is based...
2021-04-06 8:34 AM EDT
KWESST Micro Systems Announces Results of 2021 Annual General and Special Meeting of Shareholders
Ottawa, Ontario--(Newsfile Corp. - April 1, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") announces the results of its 2021 Annual and Special Meeting of shareholders held on Wednesday, March 31, 2021 in virtual format. Shareholders approved all the resolutions detailed in the management information circular of the Company dated February 11, 2021, namely: Electing all the nominees to the Board of Directors of the Company; Appointing KPMG LLP as...
2021-04-01 8:39 AM EDT
KWESST Retains Generation IACP Inc. for Market Making
Ottawa, Ontario--(Newsfile Corp. - March 30, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has retained Generation IACP Inc. ("IACP") to provide market making services in accordance with TSX Venture Exchange policies. IACP will trade the securities of KWESST on the TSX‐V for the purposes of maintaining an orderly market. In consideration of the services provided by IACP, KWESST will pay IACP a monthly cash fee of $7,500 for a...
2021-03-30 11:00 PM EDT
KWESST Establishes ATAK Centre of Excellence in Ottawa
Ottawa, Ontario--(Newsfile Corp. - March 30, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has established an ATAK Centre of Excellence in Ottawa. The centre will facilitate customer requirements for integration into the U.S. battlefield management application known as ATAK (Android Tactical Assault Kit). ATAK is an Android geospatial and situational awareness system that provides users with a drop-down menu of approved...
2021-03-30 7:54 AM EDT
KWESST Announces Filing of Provisional Patent for Non-Lethal Munitions Technology System
Ottawa, Ontario--(Newsfile Corp. - March 23, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company") today provided an update on its planned acquisition of a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology ("LEC Technology") (for further details on the proposed acquisition, please refer to the Company's January 18, 2021 news release). The LEC Technology is a proprietary non-lethal cartridge-based ordnance...
2021-03-23 8:09 AM EDT
KWESST Completes Successful Integration of TASCS IFM for 81mm Mortar into "ATAK" for Key U.S. Military Customer
Ottawa, Ontario--(Newsfile Corp. - March 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has successfully achieved an important milestone under the contract announced in December 2020 for a key military customer. This milestone entailed the integration of the Company's TASCS (Tactical Awareness Situational Control System) IFM (Integrated Fires Module) for the 81mm Mortar Fire Control System into the Android Tactical Assault...
2021-03-16 8:08 AM EDT
KWESST Enters into Investor Relations Agreement
Ottawa, Ontario--(Newsfile Corp. - March 3, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it has entered into an agreement for electronic media and webcast services, design, development and dissemination services with Emerging Markets Consulting, LLC (EMC). EMC will be providing investor relation services to the Company, effective March 5th, 2021. The EMC agreement has an initial term of 90 days, and the Company has paid...
2021-03-03 8:18 AM EST
Elisabeth Preston Joins KWESST Board of Directors
Ottawa, Ontario--(Newsfile Corp. - February 24, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that Elisabeth Preston has joined the Company as a member of the board of directors and will also serve as the Company's Corporate Secretary. David Luxton, Executive Chairman of KWESST, said "The entire board extends a very warm welcome to Elisabeth. We are all well acquainted with her by reputation, and I have had the pleasure of...
2021-02-24 8:32 AM EST
KWESST To Feature Latest Products At IDEX 2021, Abu Dhabi
Ottawa, Ontario--(Newsfile Corp. - February 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) and (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that its latest products will be featured at the IDEX defence show in Abu Dhabi, February 21 - 25, 2021. IDEX is the largest defence show of its kind in the Middle East, attracting tens of thousands of visitors from across the "MENA" region (Middle East and North Africa). KWESST's latest featured products will include the following:...
2021-02-16 8:34 AM EST
KWESST to Begin Trading on OTCQB (R) Venture Market
Ottawa, Ontario--(Newsfile Corp. - February 3, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced that its common shares have been approved for listing on the OTCQB ® Venture Market ("OTCQB ®"), a US trading platform that is operated by the OTC Markets Group in New York. Effective tomorrow February 4, the Company will commence trading on the OTCQB ® under the symbol KWEMF. The Company's common shares will continue to trade on the TSX Venture Exchange...
2021-02-03 11:59 AM EST
General Rick Hillier, Former Canadian Chief of the Defence Staff, to Lead KWESST International Advisory Council
Ottawa, Ontario--(Newsfile Corp. - January 25, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced that Canadian General (Retired) Rick Hillier will lead KWESST's new International Advisory Council, which will provide guidance to the Company on its strategic build-out on a global scale. General Hillier served as Canada's Chief of Defence Staff ("CDS") CDS from February 4, 2005, to July 1, 2008. He is noted for "getting stuff done" and was instrumental in...
2021-01-25 8:37 AM EST