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- Working with global defense contractors to meet volume requirements
- U.S. Army chooses MirageTM value For demonstration
- Demonstration and pricing requests with other NATO customers
- Growing patent suite, strong intellectual property protection
Ottawa, Ontario–(Newsfile Corp.-October 4, 2021)-KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “Company”) today announced some information regarding the introduction of its Phantom MarketTM value Electronic battlefield decoys.phantomTM value It is a programmable radio frequency (“RF”) generator that can simulate the electronic communications of NATO forces to deceive the opponent’s location.
phantomTM value It also provides the ability to view the radio frequency energy of the enemy and friendly forces, and provides users with high-fidelity planning capabilities to achieve the best arrangement for maximum effectiveness.Finally, the phantomTM value Provides training functions that allow NATO forces to “practice” operations in an electronic warfare (“EW”) environment.
Requirements for PhantomTM value On the armored car
As part of discussions with major defense contractors, the company announced that it is in in-depth negotiations with a global defense contractor to provide PhantomTM value As part of a contractor’s bid for armored vehicles from major NATO customers. Contains electronic battlefield decoy technology, such as Phantom from KWESTETM value As part of the tender, NATO customers requested installation on vehicles.If the defense contractor wins the bid, it is expected that Phantom will have additional requirementsTM value Based on the number of vehicles purchased, KWESST will sign a contract worth more than 40 million U.S. dollars, with initial revenue in this fiscal year and increasing in 2023 and 2024.
U.S. military demonstration
The U.S. Department of Defense (“DoD”) has requested a demonstration of the PhantomTM value In the upcoming autograph, invitation-only event “The Silent Swarm 22”Advanced electromagnetic spectrum operations (“EMSO”) will be carried out next summer. In July 2021, PhantomTM value Only invited to participate in the technical exercises of the United States Special Operations Command (“USSOCOM”), the designers and engineers of KWEST interact with the special operations community in a collaborative environment. This directly led to discussions and negotiations with three major defense contractors on various rapidly emerging needs and planned potential listing partnerships. Electronic bait.The U.S. Department of Defense also expressed interest in an additional small one-off Phantom versionTM value For use by special forces, KWEST developed a conceptual model (far right, bottom) based on this.phantomTM value It is also fully integrated with ATAK (Android Team Awareness Kit, in the middle of the figure below).
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Early prototype version of PhantomTM value Before KWESST announced the acquisition of the technology on June 15, 2020, it had been procured and successfully tested in US military exercises. The latest version is more compact and more powerful, and can be carried by soldiers or deployed by unmanned aerial systems (“UAVs” or “UAVs”).
Demos and pricing requests from other customers
Company Announces Phantom Demonstration UnitTM value It is available and is being deployed in customer evaluation, and two other U.S. military agencies have requested pricing.
Path to market and potential
“All in all, these developments mean that there is growing interest in PhantomTM value Jeff McLeod, founder, president and CEO of KWESST, said: “We expect to achieve preliminary sales in the first quarter of our current fiscal year ending on December 31.” Based on internal research and customer discussions, the company estimates that Phantom Systemic marketTM value It is worth hundreds of millions of dollars in the United States alone. ”
Intellectual Property (“IP”)
KWEST previously announced the granting of two U.S. patents, both titled: Programmable multi-waveform radio frequency generator using battlefield decoys. One patent focuses on the phenomenology of technology (how it works), and the other focuses on the use of methods and concepts (how to best use it).The company continues to expand the intellectual property protection of PhantomTM value, There are currently two patents pending. “We believe this constitutes strong IP protection, and the flexible system architecture allows rapid configuration of any scale for any given customer or requirement,” MacLeod concluded.
About Key West
KWESST develops and commercializes a groundbreaking next-generation tactical system to meet the requirements of security forces and personal defenses to counter the superior capabilities of opponents. The company’s current unique proprietary product portfolio includes: its iconic TASCSTM value (Tactical Awareness and Situation Control System) is used to directly stream real-time awareness and target information from any source (including drones) to the user’s smart devices and weapons; autonomous gray ghostsTM value Soldiers’ portable miniature UAV missile system, which uses high-speed kinetic energy to impact and defend against small enemy UAVs, including swarms; ground laser defense system to deal with the emerging threat of weaponized lasers to personnel; and, the PhantomTM value The electronic battlefield decoy system uses decoy features to cover up the electromagnetic features of friendly forces in false locations to deceive and confuse opponents. All systems can run independently or seamlessly integrate with OEM products and battlefield management systems, including Frontline, Edge, Killswitch and all versions of ATAK Tactical Awareness. KWESST also has the development of “smart ammunition” project, including its “shot counter” system, which records the number and type of bullets fired to optimize gun maintenance and performance, and a unique non-lethal low energy ammunition (LEC) system, Can be applied to all areas of the entire non-lethal market. The company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, and Abu Dhabi, UAE. The trading code of KWEST on TSX Venture Exchange is KWE, and the trading code of OTCQB in the United States is KWEMF.
Contact: Jason Frame, Investor Relations: frame@kwesst.com
For more information, please visit https://kwesst.com/
Note on forward-looking statements
This press release includes certain “forward-looking statements” under applicable Canadian securities legislation.Forward-looking statements include, but are not limited to, statements about the expected size of PhantomTM value If the global defense contractor wins the tender for the armored vehicle, then the contract. Forward-looking statements are necessarily based on certain estimates and assumptions. Although these estimates and assumptions are considered reasonable, they are subject to known and unknown risks, uncertainties and other factors, which may lead to actual results and future events and expressions. Or the implied result is quite different. Such forward-looking statements. These factors include but are not limited to: general business, economic, competition, political and social uncertainties. There is no guarantee that such statements will prove to be accurate, as actual results and future events may differ materially from the expectations in such statements. Therefore, readers should not place undue reliance on forward-looking statements. KWEST assumes no intention or obligation to update or revise any forward-looking statements, whether due to new information, future events or other reasons, unless required by law.
Neither TSX Venture Exchange nor its regulatory service provider (as the term is defined in the policies of TSX Venture Exchange) is responsible for the adequacy or accuracy of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98406
Source: Press file
Version number: 40663
Original Source >> Kwesst Announces Market Introduction and Progress of Phantom(TM) Electronic Decoy
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