KWESST Executive Chairman Interviewed on The Brandon Tatum Show

KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company"), a publicly-traded company listed on the OTCQB© Markets (symbol: KWEMF) and the TSX Venture Exchange (symbol: KWE) today reported that its Executive Chairman, David Luxton, gave an interview on the highly popular YouTube channel called "The Officer Tatum". The interview is available at https:www.youtube.comwatch?v=938LuSbl9yo&t=13s.


The channel, which has over 1.6 million subscribers, is run by former Tucson police officer Brandon Tatum. Brandon also currently has a regular following of more than three million people across various social media platforms and is a frequent guest on TV shows such as The Ingraham Angle and Justice with Judge Jeanine on Fox News Channel. The interview with Luxton focused on KWESST's Low Energy Cartridge system (the "LEC system").

Brandon Tatum commented: "What an incredible pleasure it was to interview and present Executive Chairman David Luxton to my YouTube audience of 1.6 million dedicated supporters. It will be invaluable for everyone watching the interview to learn about David's extensive professional resume of near perfection in tactical non-lethal weapon systems. His detailed analysis of KWESST's Low Energy Cartridge competitive advantage in the American market of non-lethal alternatives to deadly weapons was very informative. Whether for civilian or current police/military personnel, this interview will peak interest in KWESST's new Low Energy Cartridge system."

The LEC system is the world's first cartridge-based non-lethal firing system with universal application across four market segments that currently use a variety of dated "non-lethal" or "less-lethal" solutions. These segments are (i) public order and security (riots and control of dangerous subjects), (ii) military and law enforcement training (realistic force-on-force training), (iii) personal defence (home, car, boat, RV, camping, hiking), and (iv) high-action gaming.

As previously announced, the official commercial launch of the Low Energy Cartridge system is planned for January 18 to 22, 2022 in Las Vegas at the SHOT Show®. The SHOT Show® is the largest trade show of its kind for buyers and suppliers in the "Shooting Hunting and Outdoor Trade" (SHOT) and has evolved over the years to include exhibitors and buyers across the tactical, personal defence and high-action gaming communities. It is the annual event for commercial buyers and distributors to see what is new and to place orders."

About the non-lethal market and the Low Energy Cartridge system

The market for non-lethal products is a recurring multi-billion-dollar opportunity. Customers continue to seek better solutions as many legacy systems can be lethal, and frequently are unreliable. Thousands of fatalities have been recorded from existing cartridge-bases systems, including conducted energy devices such as Taser. Other legacy products that are "less" lethal typically fire from air guns, which are inherently unreliable as they are affected by ambient temperature and entail high-maintenance as a result of air seals and "O" rings drying out and bursting, causing catastrophic failures. Air-based systems also entail a long logistics tail of compressors, air tanks and spare parts.

The LEC systems solves these problems with the proven reliability of a cartridge-based system in a low-cost firing platform that fires only LEC cartridges. The firing platforms are offered in various patterns that replicate the look of a real firearm, or avoid the appearance of a firearm altogether, at the user's choice. The proprietary LEC cartridge automatically stabilizes the projectile for accuracy and distance, with an energetic actuator that controls velocity and muzzle energy well below lethal levels, and with no need for gunpowder or conventional propellant. The system's soft frangible projectiles come with various payloads, including coloured marking agent, inert powder or a safe but powerful irritant powder that temporarily incapacitates subjects.

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 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; 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 PhantomTMelectronic 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 stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and all versions of the ATAK Tactical Awareness. 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, and a unique non-lethal Low Energy Cartridge (LEC) system with application across all segments of the non-lethal market. 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. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of KWESST after giving effect to the Qualifying Transaction. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92288

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Nextech3D.ai Launches Next Era of GPT AI 3D Solutions Led by Former Microsoft Executive

Nextech3D.ai Launches Next Era of GPT AI 3D Solutions Led by Former Microsoft Executive

Transformative GPT AI Suite of a dozen 3D-AI Solutions To Lead Companies Growth

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce is pleased to announce it is launching the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence (AI) algorithms. The initiative will be led by former Microsoft Executive Hareesh Achi, who is Nextech3D.ai's current Head of Product Operations. The Company believes that the AI opportunity is in the early stages, and that the shift from 2D to 3D modeling for e-commerce is part of a major multi-decade transformation that is being led by AI. The Company is working on annual enterprise licensing deals for its suite of GPT AI solutions for 3D models and 3D maps

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
circuit board

Is Now A Good Time to Invest in Edge Computing?

In today’s rapidly evolving digital landscape, the concept of edge computing has emerged as a critical technology that promises to revolutionize the way data is processed and analyzed.

At its core, edge computing involves bringing computing power closer to where data is generated and used, rather than relying solely on centralized data centers. This distributed approach to computing offers several advantages, such as faster response times, improved data processing efficiency and reduced network congestion.

According to Markets and Markets, the size of the global edge computing market will reach US$53.6 billion in 2024 and grow to US$111.3 billion by 2028, achieving a compound annual growth rate of 15 percent.

Keep reading...Show less
ARway.ai The Spatial Computing Company Signs Multiple New Pivotal Deals

ARway.ai The Spatial Computing Company Signs Multiple New Pivotal Deals

ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce pivotal new deals with major new partners; Intuitive Workspaces, who have a global reach extending to over 35,000 work spaces covering USA, UK, Spain, France, Sweden, Poland, Netherlands, Finland, Switzerland, Germany, Korea, Singapore, Japan, India, Philippines, Thailand, Indonesia, Australia, London, Paris, Singapore, Hong Kong and Australia. ARway is also pleased to partner with City Electric Supply (CES), a prominent distributor of electrical products with over 1,000 branch locations around the world operating in 8 countries

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company

Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is thrilled to announce a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024, and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.1

Nextech3D.ai CEO Evan Gappelberg commented, "Nextech3D.ai has been at the forefront of the massive shift from 2D static images to 3D immersive experiences, utilizing augmented reality and cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai is seeing demand from around the globe and is currently negotiating with three additional enterprise clients that are in the six and seven figure range." He continued, "This $1.8 million deal is not just a testament to Nextech3D.ai's technological prowess but also to the rapidly growing importance of 3D modeling in e-commerce, and demonstrates the scalability and adaptability of Nextech3D.ai's technology. We are focused on large enterprise deals in an effort to ramp up our revenue base and solidify Nextech3D.ai's position as a leader in the field of 3D and AI for e-commerce."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Reports $5 Million or +56% Growth in 2023 Revenue Unaudited Results

Nextech3D.ai Reports $5 Million or +56% Growth in 2023 Revenue Unaudited Results

Via IBNNextech3D.ai ( OTCQX: NEXCF ) ( CSE: NTAR ) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces its preliminary unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary unaudited results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% which with the company's pivot to India in Q4, 2023 and improvements in its AI is projected to increase dramatically in 2024.

CEO Commentary
Nextech3D.ai CEO and founder Evan Gappelberg commented, "While 2023 was a solid year of growth for our Company, we are expecting even stronger gains in 2024 as the 3D modeling revolution gains steam and our business gains more economies of scale. Moving operations to India was a major positive for our production capability, and especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023." He continued, "We are currently negotiating multiple major contracts for our 3D modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing…we are excited for releasing the technology we are building and for record results in 2024!"

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Small-Cap Growth Virtual Investor Conference Presentations Now Available for Online Viewing

Small-Cap Growth Virtual Investor Conference Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Small-Cap Growth Virtual Investor Conference held February 7th are now available for online viewing.

REGISTER NOW AT : https://bit.ly/3SOf3yh

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×