Emerging Markets Report: More Than a Milestone
An Emerging Markets Sponsored Commentary
ORLANDO, Fla., March 25, 2021 (GLOBE NEWSWIRE) — Just last week, KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) made an announcement of a milestone moment for the Company. Indeed it was.
Regular readers will recall KWESST’s highly unique business model, which it self-describes as “…developing and commercializing high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defense and security industries.”
If you get an extra moment, peruse the website to what we cannot describe fully here.
Now, back to the milestone.
KWESST announced that it has successfully achieved an important milestone under the contract announced in December 2020 for a key military customer. This milestone entailed the integration of the Company’s TASCS (Tactical Awareness Situational Control System) IFM (Integrated Fires Module) for the 81mm Mortar Fire Control System into the Android Tactical Assault Kit (ATAK), the preeminent battlefield management system for NATO countries.
Make sure that this line is not lost amid the acronyms:
“…the preeminent battlefield management system for NATO countries.”
Already, that line alone should say a ton about the quality of this company and its technology. Scan any financial news page today and try to find a small cap whose main product is integrated into a system with a growing base of 250,000 military and civilian users across numerous public safety agencies and US partner nations such as NATO as well as at least United States Department of Defense programs. Moreover, the milestone moves the Company into an important new phase involving live-fire trials at various U.S. military bases.
For a Company that states that its TASCS system is designed to integrate into any battlefield management application, we think that is potentially more than a milestone. It could be a tipping point. Proving itself in this massive contract should engender trust and goodwill among other buyers. And among KWESST’s potential customers are massive organizations and governments.
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