20:27:16 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Kwesst Micro Systems Inc (2)
Symbol KWE
Shares Issued 4,072,738
Close 2023-08-17 C$ 2.26
Market Cap C$ 9,204,388
Recent Sedar Documents

Kwesst Micro grants options to buy 330,000 shares

2023-08-17 15:11 ET - News Release

Mr. David Luxton reports

KWESST ANNOUNCES GRANT OF STOCK OPTIONS

Kwesst Micro Systems Inc. has awarded stock options pursuant to its long-term performance incentive plan to its directors, employees and consultants to purchase up to an aggregate of 330,000 common shares of the company. The stock options are exercisable at a price of $2.55 per share and will expire on Aug. 16, 2026.

About Kwesst Micro Systems Inc.

Kwesst Micro Systems commercializes breakthrough next-generation tactical systems for military and security forces and personal defence. The company's current portfolio of unique proprietary offerings includes non-lethal systems (Para Ops and Arwen) with application across all segments of the non-lethal market, including law enforcement and personal defence. Kwesst also facilitates digitization of tactical forces with its signature TASCS (tactical awareness situational control system) for real-time awareness and targeting information from any source (including drones) streamed directly to users' smart devices and indirect fire weapons. Other Kwesst products include countermeasures against threats such as drones, lasers and electronic detection. These include the Phantom electronic battlefield deception system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations that deceive and confuse adversaries; a battlefield laser detection system to counter the emerging threat of laser targeting of personnel; and a non-kinetic system to counter the threat of tactical drones. These systems can operate standing alone or integrate seamlessly with third party OEM (original equipment manufacturer) products and networked battlefield management systems such as ATAK. The company is headquartered in Ottawa, Canada, with operations in Stafford, Va., and representative offices in London, United Kingdom, and Abu Dhabi, United Arab Emirates.

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