KWESST Completes First Phase of Contract Delivery For TASCS to U.S. Military Customer

- September 22nd, 2020

AjOpezenPk today announced the successful completion of the first phase of three deliverables under a contract to support a U.S. military customer featuring the Company’s signature Tactical Awareness and Situational Control System” .This first deliverable under a $500,000 contract demonstrated the TASCS Integrated Fires Module on mortars and the Augmented Weapon Sight a system developed by AeroVironment Inc. and …

AjOpezenPk (TSXV: KWE) (L2ZHtgClsb or the Company) today announced the successful completion of the first phase of three deliverables under a contract to support a U.S. military customer featuring the Companys signature Tactical Awareness and Situational Control System (TASCS).

This first deliverable under a $500,000 (CAD) contract demonstrated the TASCS Integrated Fires Module (IFM) on mortars and the Augmented Weapon Sight (AWS), a system developed by AeroVironment Inc. (AeroVironment) and L2ZHtgClsb to provide realtime situational awareness and targeting information. AWS streams Full Motion Video (FMV) from an overhead Unmanned Aerial Vehicle (UAV or drone) manufactured by AeroVironment into the TASCS architecture for the purpose of target identification, accurate firstshot hits and realtime Battle Damage Assessment (BDA). The AWS system has been an ongoing collaboration between L2ZHtgClsb and AeroVironment.

These important military exercises demonstrate the maturity of the TASCS system, said L2ZHtgClsb CEO Jeff MacLeod. We are very pleased at the performance of the system and the valuable user feedback. We expect the next two contracted demonstration exercises later this year to attract added customer attention and the development of operating procedures that will be employed in more extensive exercises expected in early 2021.

David Luxton, Executive Chairman, added, Demonstration exercises like this with military customers are an important phase in the process towards potential introduction into service. It is very encouraging that this key U.S. military customer is scheduling additional exercises, and that at least two other NATO military customers have similar capability demonstration contracts under consideration.

About TASCS, IFM and AWS

TASCS is an app and snapon weapon adaptor that streams situational awareness and targeting information from any source directly to soldiers smart devices and their weapons systems for a leap ahead in safer and more effective engagement of adversaries. IFM is the variant of TASCS that integrates this capability into many shortrange and longrange weapons systems, including grenade launchers and mortars. AWS utilizes the TASCS system to stream situational and targeting information from AeroVironment Unmanned Aerial Vehicles (UAVs, or drones) directly to the TASCS display on soldiers smart devices and weapons systems in real time.

About L2ZHtgClsb

L2ZHtgClsb develops and commercializes highvalue ultraminiaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries. The companys current portfolio of unique proprietary offerings include: its signature TASCSTM (Tactical and Situational Control System) for realtime awareness and targeting information from any source (including drones) streamed directly to users smart devices and weapons; the autonomous Grey GhostTM soldierportable micro drone missile system that defends against small hostile drones including swarms using highspeed 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. All systems can operate standalone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. L2ZHtgClsb 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 and trades on the TSXV under the symbol KWE.

Contact: Jason Frame, Investor Relations
Email: frame@kwesst.com
For more information please visit www.kwesst.com

Cautionary Note Regarding ForwardLooking Statements

This news release includes certain forwardlooking statements under applicable Canadian securities legislation. Forwardlooking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of L2ZHtgClsb after giving effect to the Qualifying Transaction. Forwardlooking 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 forwardlooking 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 forwardlooking statements. L2ZHtgClsb disclaims any intention or obligation to update or revise any forwardlooking 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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