KWESST Announces $400,000 in Police Orders for ARWEN Products
Ottawa, Ontario, Canada -- January 10, 2022 -- InvestorsHub
NewsWire -- KWESST Micro Systems
Inc. (TSXV:
KWE) (OTCQB:
KWEMF) ("KWESST" or the "Company") is
pleased to announce that it has received orders from three law
enforcement agencies for approximately $400,000 in ARWEN products
(all values in CAD). One order from an overseas national police
agency is for approximately $250,000 to be shipped next month. The
other two orders are from Canadian law enforcement agencies, with
one order shipped in late December 2021 and the other scheduled to
ship this month.
"It is gratifying to see this early acceleration in the pace of
orders from our recent acquisition of ARWEN," said Jeff MacLeod,
Founder, President and CEO of KWESST. "This reinforces our
conviction that there is strong growth potential for ARWEN products
around the world, particularly in an environment of heightened
civil unrest and anxiety about rising crime."
In conjunction with its acquisition of the ARWEN business in
December 2021, KWESST noted that ARWEN is a highly respected brand
in the industry, with under-exploited potential. Its reach into the
law enforcement community could accelerate KWESST's introduction of
its non-lethal Low Energy Cartridge ("LEC") system to police
agencies. The first LEC products are to be showcased at the 2022
SHOT Show in Las Vegas, January 18-21.
About ARWEN
ARWEN is an acronym for "Anti Riot Weapon ENfield" and was
originally developed by Royal Ordnance in the U.K. ARWEN products
are used by law enforcement across North America and
internationally. ARWEN is a 37mm less lethal system which is based
off two firing platforms, a multi-shot launcher and a single shot
launcher. ARWEN's full line of munitions cover the range from
impact to chemical rounds and has proven highly effective in any
dynamic situation to bring a safe conclusion to a potentially
violent incident.
To learn more about Arwen, please watch this short
video: https://vimeo.com/537635456
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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