KWESST Micro Systems Inc

KWESST Micro Systems, Inc. provides defense and security services. It engages in advancing the modern networked capability of soldiers and responders, including the networked Soldier Systems mission of NATO and its allies, with niche applications that make a critical difference to safety and effectiveness. The firm's technology portfolio includes its proprietary MISST system, Micro Integrated Systems and Software Technology. The company was founded by Jeff Macleod on November 28, 2017 and is headquartered in Ottawa, Canada.

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KWESST Micro Systems, Inc. provides defense and security services. The firm's technology portfolio includes its proprietary MISST system, Micro Integrated Systems and Software Technology. The company was founded by Jeff Macleod on November 28, 2017, and is headquartered in Ottawa, Canada.

Up to $75M in stable revenue visibility from military digitization contracts through 2028 MOU signed with University of Ottawa to hire software coding graduates KWESST working with large Canadian police agency as first adopter of KWESST Lightning™ in advance of full market release ARWEN scaling to multiples of historical revenue, major agencies continue evaluations of PARA OPS Ottawa, Ontario--(Newsfile Corp. - April 30, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT. U) ("KWESST" or the "Company") is pleased to report on progress in the business ahead of filing its fiscal Q2 financial results on May 14, and to provide an outlook of revenue ramp-up and corporate developments.

KWESST Provides Corporate Update Ahead of Fiscal Q2 2024 Results

Ottawa, Ontario--(Newsfile Corp. - April 9, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced the closing of its previously announced underwritten public offering of 735,000 common shares and 803,500 pre-funded warrants with an exercise price of $0.001 ("Pre-funded Warrants") at a public offering price of US$0.65 per share and US$0.649 per Pre-funded Warrant, less the underwriting discount. The gross proceeds from the offering, before deducting the underwriting discount of US$0.04875 per common share (being an aggregate of US$75,002 or 7.5% of the public offering price of the securities) and estimated offering expenses payable by the Company, were approximately US$1,000,000.

KWESST Micro Systems Inc. Announces Closing of United States Public Offering

ARWEN orders, backlog continue to grow following reorganization Outlook on military digitization revenue strengthens Ottawa, Ontario--(Newsfile Corp. - March 21, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) (FSE: 62UA) ("KWESST" or the "Company") today updated investors on the ramp-up of business in Fiscal Q2 2024 ending March 31st, 2024 ("Q2") and the outlook heading into Fiscal Q3 ending June 30, 2024 ("Q3"). "Reorganization of our ARWEN business in Q2 and ramp-up of our military digitization business have provided stronger revenue visibility, which we are pleased to share with investors," said Sean Homuth, KWESST President and CEO.

KWESST Updates Investors On Business Ramp-Up In Fiscal Q2, Outlook For Q3

Growing traction with certain agencies for PARA OPS and new 40mm ARWEN cartridge KWESST invited by the Los Angeles Police Department to showcase products to more than 100 law enforcement agencies at its 2024 Less Lethal Expo Ottawa, Ontario--(Newsfile Corp. - March 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today reported on its demonstrations of PARA OPS to Southern California law enforcement agencies at their request following demonstrations at SHOT Show 2024 in Las Vegas in January. "These are progressive and opinion-leading agencies in the U.S.," said Sean Homuth, KWESST President and CEO.

KWESST Demonstrates PARA OPS To Southern California Agencies

KWESST to provide TAK based training and certification to key users Ottawa, Ontario--(Newsfile Corp. - March 8, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced that it has been awarded a contract by the Ontario Provincial Police ("OPP") to deliver training and certification to the force's lead Team Awareness Kit (TAK) users and trainers. The OPP is Canada's largest police force next to the Royal Canadian Mounted Police (RCMP) and has a force of 5,800 uniformed officers.

KWESST Awarded Contract From Ontario Provincial Police

Distribution to the Canadian consumer market to include variant for sports events and animal training Agreement contemplates initial stocking order Also includes outsourced shipping and handling of PARA OPS and ARWEN products for responsive customer service Ottawa, Ontario--(Newsfile Corp. - February 28, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") today announced that it has signed a binding Letter Of Intent (LOI) with O'Dell Engineering Ltd., in South Western Ontario, Canada ("ODE") for the sale and distribution of PARA OPS products in Canada for the civilian market, with the parties agreeing to complete a definitive agreement by March 31st, 2024 (the "Definitive Agreement").

KWESST Signs Agreement for Distribution of PARA OPS Products in Canada

Ottawa, Ontario--(Newsfile Corp. - February 15, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2024 first quarter results. This announcement is a summary only and should be read in conjunction with KWESST's unaudited condensed consolidated financial statements and related management discussion and analysis, for the three-month period ended December 31, 2023 ("Q1 2024 FS").

KWESST Micro Systems Announces Q1 2024 Financial Results and Provides Corporate Update

Briefings and demonstrations to feature PARA OPS, ARWEN, Lightning and T-SAS Ottawa, Ontario--(Newsfile Corp. - February 12, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") is pleased to report that it has been invited to demonstrate and brief on its public safety products at an international gathering of special intervention units to be held this Spring. "This invitation-only event is a rare opportunity to introduce our public safety products to some of the most elite specialist teams in the world," said Sean Homuth, KWESST President and CEO.

KWESST Invited To Showcase Its Public Safety Products To Elite Special Intervention Units At Spring 2024 Event

Live-fire demonstration of new 40mm ARWEN cartridge and PARA OPS products at industry Range Day Initial orders from law enforcement agencies for 40mm cartridge and follow-on demonstrations of PARA OPS Company scaling up U.S. production to supply 100% "Made In America" products Ottawa, Ontario--(Newsfile Corp. - February 5, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) ("KWESST" or the "Company") is pleased to report on the success and highlights of SHOT Show 2024 which took place in Las Vegas, January 23-26. The Company featured its new ARWEN 40mm cartridge and its PARA OPS non-lethal system, with live fire demonstrations at the industry Range Day, January 22nd in advance of the Show.

KWESST Reports On SHOT Show 2024

Former General Manager of General Dynamics Mission Systems International to Provide Strategic Defence Advisory to KWESST Ottawa, Ontario--(Newsfile Corp. - February 2, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") today announced that Dave Ibbetson, former General Manager of General Dynamics C4 Systems International, and General Dynamics Mission Systems International ("GDMS") has been engaged as a Strategic Defence Advisor. Mr. Ibbetson, with more than 30 years in the Aerospace and Defence Industry, spent 25 years with General Dynamics where he served in progressively senior executive roles delivering major Canadian programs such Land C4ISR, CH-148 Cyclone and CP-140 Aurora Integrated Mission System and exporting products and systems into the US, Europe, South America and The Middle East.

Dave Ibbetson Joins KWESST as Strategic Advisor

Ottawa, Ontario--(Newsfile Corp. - January 18, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2023 year-end results. This announcement is a summary only and should be read in conjunction with KWESST's audited consolidated financial statements, related management discussion and analysis, and Form 20-F for the year ended September 30, 2023 ("Fiscal 2023 FS").

KWESST Micro Systems Announces Fiscal 2023 Financial Results

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 statements, its Form 20-F and the CEO and CFO certifications (collectively, the "Required Documents"), beyond the prescribed deadline of December 29, 2023. As previously announced, the Company applied to the applicable Canadian securities regulatory authorities for a voluntary management cease trade order ("MCTO").

KWESST Provides Bi-Weekly MCTO Status Update

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 prescribed deadline of December 29, 2023. The Company is experiencing minor delays in completing the year-end audit and Required Documents.

KWESST Announces Delay in Filing Year-End Reporting Documents

PARA OPS and ARWEN products to be available for sale on-line to law enforcement agencies and will be featured at the 2024 SHOT Show, Las Vegas, January 23-26 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 place orders," said Sean Homuth, KWESST CEO.

KWESST e-Commerce Site For Public Safety Munitions Products To Open Monday December 18, 2023

Former Canadian Chief of Defence Staff to Chair Strategic Planning Committee of the 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.

General (Retired) Rick Hillier Joins KWESST Board

Board promotes Sean Homuth, from CFO to President and CEO Kris Denis, CPA, Corporate Controller, named Chief Compliance Officer and Interim CFO 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 senior role," said David Luxton, KWESST Executive Chairman.

KWESST Announces New Chief Executive Officer (CEO)

Re-organizing cross-border U.S. - Canada facilities New 40mm cartridge for third-party riot control launchers PARA OPS products to be bundled with ARWEN sales to law enforcement 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 mm system used by law enforcement agencies during civil unrest and in high-risk arrests by police tactical teams.

KWESST Reports On ARWEN Growth Plan

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.

KWESST Reports On Progress of DSEF Contract

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).

KWESST Announces Allowance and Notification of Issue of U.S. Patent for PARA OPS

Company posts updated investor presentation at kwesst.com 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 at www.kwesst.com.

KWESST to Present at Think Equity Annual Investor Conference, New York City

KWESST Lightning will improve interoperability between agencies with lightning-fast time to engagement and will be offered as fully cloud based Software as a Service ("SaaS") product 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, interoperability, and time to engagement while customizing the user experience to meet the demands of the specific mission sets that responders encounter.

KWESST Announces "Lightning": A Scalable Situational Awareness Solution for the Public Safety Market

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES 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.

KWESST Announces Grant of Stock Options

Breakthrough technology transforms laser detection from defense to offence 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 vehicles. Lasers, including Light Detection And Ranging ("LIDAR") are a growing threat in the modern battlespace.

KWESST Files Patent for Next-Generation Laser Detection, Makes Core Module Available to OEMs

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 part of the Offering, the Company issued 1,542,194 common shares at a price of US$2.26 (CAD$2.98) per common share (each a "Common Share") and 930,548 pre-funded warrants at a price of US$2.259 (CAD$2.979) per pre-funded warrant (each a "Pre-funded Warrant"), with each Common Share and Pre-funded Warrant being bundled with one common share purchase warrant of the Company (each a "Common Warrant").

KWESST Announces Closing of 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 (approximately CAD$7.3 million) (the "Offering"). As a part of the Offering, the Company will be issuing a combination of common shares in the capital of the Company at a price of US$2.26 (CAD$2.98) per common share (each a "Common Share") and pre-funded warrants at a price of US$2.259 (CAD$2.979) per pre-funded warrant (each a "Pre-funded Warrant"), totaling approximately 2,474,700 common share (or common share equivalents).

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