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.
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: firstname.lastname@example.org
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