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ORLANDO, Fla., Oct. 27, 2021 (GLOBE NEWSWIRE) -- On October 4, KWESST Micro Systems, Inc. (TSXV: KWE) (OTCQB: KWEMF) pushed out a press release that we’ve frankly been waiting for. One of its top technologies is at an inflection point.
Vis-à-vis the release, the Company announced several favorable developments regarding the introduction to market of its Phantom™ electronic battlefield decoy. For those new to KWESST, Phantom™ is a programmable radio frequency ("RF") generator that can mimic the electronic communications of NATO forces, thus fooling adversaries as to their location.
It is in effect, a battlefield mockingbird.
Before we get into that further, here are the highlights of the release:
Advanced negotiations with a global defense contractor to provide Phantom units as part of the contractor's tender for armored vehicles to a large NATO customer
The U.S. Department of Defense requests showcase demonstrations for PhantomTM
Demonstrations, requests for pricing, underway with other NATO customers
Growing suite of patents, strong IP protection
It seems to us that each of those bullets could be a release unto itself, and as we always remind the reader when reflecting on notes from KWESST, it’s not that often you see the names dropped that KWESST drops.
It’s also worth noting that PhantomTM also provides the ability to see radio frequency energy of both adversaries and friendly forces and gives the user a high-fidelity planning capability for optimal placement for maximum effectiveness.
Should the negotiations with the defense contractor be successful and the tender awarded, it is expected that the accompanying requirement for PhantomTM will result in a contract worth more than $40 million (U.S.) for KWESST depending on the number of vehicles purchased, with initial revenue in the current fiscal year and ramping up in 2023 and 2024. Followers would be wise to follow KWESST’s news feed for progress updates regarding the mockingbird technology.
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