KWESST Micro Systems Inc. (TSXV:KWE)
KWESST Micro Systems has delivered a powerful signal to investors that its defence and security technology is gaining significant market traction.
KWESST develops and brings to market ultra-miniaturized applications and devices that critically improve the safety and effectiveness of personnel working in the enormous global defence and security sectors.
And it has now revealed an order from a key U.S. military customer for its signature TASCS IFM system worth approximately C$1.1 million.
TASCS stands for “Tactical and Situational Control System” and streams real-time awareness and targeting information from any source to the smart devices and weapons of military users. Its IFM – or “Indirect Fires Module” – takes these capabilities even further by equipping weapons with tiny sensors that provide real-time networked situational awareness and precision targeting.
In other words, TASCS IFM transforms everyday “dumb” weapons into highly-effective “smart” firearms in an instant.
READ THE FULL ANNOUNCEMENT: Find out about KWESST Micro System’s latest news
Pushing forward in the major mortar market
In its latest news, KWESST said its key U.S. military customer has paid for an accelerated follow-on order to use TASCS IFM in its exercises in the field. KWESST’s technology will be used to enhance the accuracy and response times of the customer’s 81mm mortar platforms and improve soldier safety and effectiveness.
KWESST had already completed two earlier phases of an initial contract with the customer that successfully introduced TASC IFM into military exercises. And this latest development marks a clear vote of confidence in the firm within an 81mm mortar market estimated to be worth up to C$120 million in the U.S. and another C$400 million worldwide.
Opening huge doors in defence and security
The 81mm mortar is just one of many different weapon platforms that can be transformed into a smart system with TASCS IFM. In fact, the firm believes it has a total addressable market of more than C$1 billion at its disposal.
So, with work under this latest contract beginning immediately, KWESST now has an excellent opportunity to demonstrate its technology’s game-changing benefits to the wider market. As the company’s President and CEO Jeff MacLeod puts it:
“The fact that the TASCS IFM confers so many modernization advantages without any modification to weapon platforms or munitions is a huge attraction.”
With KWESST’s technology already attracting proposal requests from many other NATO forces, we could be at the foothills of a period of widespread adoption that could drive vast shareholder value.
Click here to read more about KWESST Micro System’s latest news
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