KWESST Provides Bi-Weekly MCTO Status Update
Ottawa, Ontario--(Newsfile Corp. - January 12, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") today provides a bi-weekly default status update further to the Company's press release dated December 29, 2023 (the "Announcement") concerning the delay of the filing of its annual financial statements in respect of its year ended September 30, 2023, its management discussion and analysis relating to its annual financial...
2024-01-12 4:14 PM EST
KWESST Announces Delay in Filing Year-End Reporting Documents
Ottawa, Ontario--(Newsfile Corp. - December 22, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") announces today that it intends to delay the filing of its annual financial statements in respect of its year ended September 30, 2023, its management discussion and analysis relating to its annual financial statements, its Form 20-F and the CEO and CFO certifications (collectively, the "Required Documents"), beyond the...
2023-12-22 8:30 AM EST
KWESST e-Commerce Site For Public Safety Munitions Products To Open Monday December 18, 2023
Ottawa, Ontario--(Newsfile Corp. - December 13, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62UA); ("KWESST" or "the Company") today announced that its non-lethal PARA OPS and ARWEN products will be available for law enforcement agencies to purchase on-line (with link from KWESST website) on Monday, December 18, 2023. "As part of scaling our PARA OPS and ARWEN products businesses we're making it easier for law enforcement customers to...
2023-12-13 8:43 AM EST
General (Retired) Rick Hillier Joins KWESST Board
Ottawa, Ontario--(Newsfile Corp. - December 6, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or "the Company") today announced that General (Retired) Rick Hillier has joined KWESST's Board of Directors and will chair the Company's Strategic Planning Committee, following the retirement of Jeff McLeod. General Hillier previously served as international advisor to KWESST. "I'm excited to play a more active role at KWESST," said General...
2023-12-06 8:29 AM EST
KWESST Announces New Chief Executive Officer (CEO)
Ottawa, Ontario--(Newsfile Corp. - November 27, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or "the Company") today announced that further to the retirement of Jeff MacLeod as CEO and from the Board, as announced October 18th, the Board of Directors has appointed Sean Homuth as President and CEO, effective immediately. "Since joining KWESST as CFO it was clear that Sean brought the kind of skills and experience to take on a more...
2023-11-27 8:15 AM EST
KWESST Reports On ARWEN Growth Plan
Ottawa, Ontario--(Newsfile Corp. - November 13, 2023) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) (FSE: 62U) ("KWESST" or "the Company") today reported on plans to expand its ARWEN business, including the introduction of a new 40mm cartridge for third-party riot control launchers used when public protests turn violent. Scalable operating model The Company reported that it continues to accumulate back-orders for the ARWEN 37
2023-11-13 1:11 PM EST
KWESST Reports On Progress of DSEF Contract
Ottawa, Ontario--(Newsfile Corp. - November 6, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62UA); ("KWESST" or "the Company") today reported on the progress of the $136M Department of Defence (DND) program in Canada with its joint venture partners, Thales and Akkodis, as announced May 2nd, 2023 (the "DSEF contract"). All amounts in CAD. The Directorate Land Command Systems Program Management (DLCSPM) Software Engineering Facility ("DSEF")...
2023-11-06 9:36 AM EST
KWESST Announces Issuance of Shares in Payment of Certain Debts
Ottawa, Ontario--(Newsfile Corp. - October 31, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (NASDAQ: KWE) ("KWESST" or the "Company") announces that it intends to issue 46,706 common shares at a deemed price per share of CAD$2.09 in settlement of a debt in an amount of approximately CAD$97,615. The debt resulted in a tail obligation relating to services rendered by a third-party consultant, which the Company has elected to pay in common shares. The common shares to be issued pursuant to the...
2023-10-31 8:22 PM EDT
KWESST Announces Allowance and Notification of Issue of U.S. Patent for PARA OPS
Ottawa, Ontario--(Newsfile Corp. - October 24, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or "the Company") today announced that it has received Notice of Allowance for the Luxton Low Energy Cartridge (LEC) patent from the U.S. Patent Office (USPTO) and notification that the USPTO will issue the patent October 31st, 2023. The Company's PARA OPS product line is based on the LEC patent (U.S. Patent Number 11,802,754). LEC patent for...
2023-10-24 9:10 AM EDT
KWESST to Present at Think Equity Annual Investor Conference, New York City
Ottawa, Ontario--(Newsfile Corp. - October 19, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (NASDAQ: KWE) ("KWESST") or the "Company") today announced that it is presenting at Think Equity's invitation-only annual investor conference today in New York City. The Company's Executive Chairman, David Luxton and Chief Financial Officer, Sean Homuth will be speaking about progress of the Company as set out in an updated investor presentation posted on the Company's web site under the Investor tab...
2023-10-19 7:30 AM EDT
KWESST Announces "Lightning": A Scalable Situational Awareness Solution for the Public Safety Market
Ottawa, Ontario--(Newsfile Corp. - October 18, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (NASDAQ: KWE) ("KWESST" or the "Company") today announced that it is developing a patent-pending SaaS product for public safety agencies to enable "lightning fast" real-time shared situational awareness among front-line responders during critical incidents. Built using the "TAK" - the U.S. government Team Awareness Kit software at the foundation, the solution addresses the issues of scalability,...
2023-10-18 9:11 AM EDT
KWESST Announces Grant of Stock Options
Ottawa, Ontario--(Newsfile Corp. - August 17, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or the "Company") announces it has awarded stock options pursuant to its Long-Term Performance Incentive Plan, to its directors, employees and consultants to purchase up to an aggregate of 330,000 common shares of the Company. The stock options are exercisable at a price of $2.55 per share and will expire on August 16, 2026. About KWESST KWESST (TSXV: KWE) (FSE: 62UA) commercializes...
2023-08-17 10:30 AM EDT
KWESST Files Patent for Next-Generation Laser Detection, Makes Core Module Available to OEMs
Ottawa, Ontario--(Newsfile Corp. - July 25, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") today announced that it has filed a U.S. patent application for the core module of its next-generation Battlefield Laser Detection System ("BLDS"), branded "BLaDE" and will make the BLaDE module available as a plug-and-play offering to third-party OEMs for incorporation into their new and legacy electro-optical systems on armored...
2023-07-25 8:30 AM EDT
KWESST Announces Closing of US$5.6 Million Private Placement in the United States
Ottawa, Ontario--(Newsfile Corp. - July 21, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") today announced the closing of its brokered private placement offering to a group of accredited and institutional investors, for the issuance and sale of 2,472,742 of the Company's common shares (or common share equivalents), for aggregate gross proceeds of US$5,588,396.92 (approximately CAD$7.3 million) (the "Offering"). As a...
2023-07-21 4:19 PM EDT
KWESST Announces US$5.6 Million Private Placement in the United States
Ottawa, Ontario--(Newsfile Corp. - July 19, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV:KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") is pleased to announce that it has entered into definitive agreements dated July 19, 2023 with a group of accredited and institutional investors for the issuance and sale of the Company's common shares (or common share equivalents), on a brokered private placement basis, for aggregate gross proceeds of approximately US$5.6 million...
2023-07-19 10:05 AM EDT
KWESST Provides Update on Key Revenue Opportunities
Ottawa, Ontario--(Newsfile Corp. - June 26, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or "the Company") today provided an updated view of the status of contracts in progress as well as key opportunities being pursued. The information contained herein is also available in an updated investor presentation, posted under the "INVESTOR" tab on the Company's website at www.kwesst.com. Significant progress has been made in the Company's...
2023-06-26 10:07 AM EDT
KWESST Announces Appointment of New Chief Financial Officer
Ottawa, Ontario--(Newsfile Corp. - May 30, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") is pleased to announce that it has appointed Sean Homuth, CPA, CA as Chief Financial Officer (CFO), effective June 12, 2023. As CFO, Mr. Homuth will lead the Company's finance function including accounting and controllership, tax planning, financial planning and analysis, investor relations, treasury, human resources and IT. Mr....
2023-05-30 8:00 AM EDT
KWESST To Feature "Ready now" Rapid, Agile Tactical Digitization at CANSEC 2023, May 31-June 1, Ottawa, Canada to more than thirty visiting countries
Ottawa, Ontario--(Newsfile Corp. - May 29, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") today announced that at CANSEC 2023, May 31st and June 1st, Ottawa, it will be featuring its capability to rapidly integrate and exploit digital information for the dismounted and mounted soldier, including Team Awareness Kit (TAK) i
2023-05-29 8:50 AM EDT
KWESST Provides Update on CFO Replacement, Defence Contracts in Progress, Upcoming Participation at CANSEC, and Confirms Filing of Q2 Financials
Ottawa, Ontario--(Newsfile Corp. - May 17, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") today updated shareholders on its search for a permanent CFO, the potential increase in scope and value of two of its defense contracts, it's participation at the annual Canadian defence show in Ottawa, and confirmed filing of its financial results for Q2 of Fiscal 2023. On March 1st, 2023 KWESST announced that it expected to have...
2023-05-17 8:30 AM EDT
KWESST Receives Notice of Contract Award for Approximately $20M over Five Years for Software Systems Development for Canadian Department of National Defence
Ottawa, Ontario--(Newsfile Corp. - May 2, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") is pleased to announce that it has received notification of contract award under a joint venture with two other defence industry partners, to perform software systems engineering work for the Canadian Department of National Defence ("DND"). The contract component for KWESST is valued at a minimum of $4M annually for a five-year...
2023-05-02 8:15 AM EDT