June 15, 2020
KWESST today announced that it has completed the acquisition of the electronic decoy technology from SageGuild, further to the binding Letter of Intent announced May 20 2020.
CEO of KWESST Jeff Macleod stated that, “This electronic decoy technology is unique and confers a distinct advantage to the warfighter. It is a direct fit with KWESST’s mission to bring to market bold innovations in defense and security, and it positions the company in the growing market for expedient and compact tactical electromagnetic deception to protect forces in theaters of conflict.”
With the acquisition of this electronic decoy system, KWESST intends to advance the technology to a next-generation version fully integrated with the company’s TASCS system for even greater mission capability. The company expects to have this next-generation version ready for customer test and evaluation by late 2020, with expectations of first procurements commencing in 2021.
For more information on KWESST and our products, please visit www.kwesst.com.
About KWESST
KWESST deveops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security community. The company’s current portfolio of unique proprietary offerings include: its signature TASCS™ (Tactical and Situational Control System) for real-time awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons; the autonomous Grey Ghost™ kinetic impact missile system that defends against small hostile drones including swarms; a Ground Laser Defence system to counter the emerging threat of weaponized lasers against personnel; and, the Phantom™ Tactical Electronic Decoy to mask the electromagnetic signature of friendly forces with decoy “phantom” signatures at false locations to deceive and confuse adversaries. All systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. KWESST also has developmental “smart ordnance” projects including its “Shot Counter” system, which records the number and type of rounds fired, for optimized firearms maintenance and performance. The Company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, UK and Abu Dhabi, UAE.
The Company trades on the TSXV exchange under the symbol KWE. For more information please visit kwesst.com.