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KWESST (TSXV:KWE) to commercialize a non-lethal cartridge product line

Defence
TSXV:KWE
12 July 2021 10:00 (EDT)

Source: KWESST Micro Systems.

KWESST Micro Systems Inc. (KWE) has announced key details of its plan to commercialize its non-lethal Low Energy Cartridge (LEC) product line.

The LEC system is the world’s first cartridge-based non-lethal firing system. The product solves the problems of traditional “non-lethal” products with a reliable cartridge-based system in a low-cost firing platform that fires only LEC cartridges.

Jeff MacLeod, founder, CEO, and president of KWESST, commented on the commercial launch.

“On Friday July 9th, we successfully completed our first public live demonstration of the LEC system to a group of investors in the Whistler, British Columbia area,” he said.

“Over the summer, we will introduce samples to authorities for demonstration and testing in the public order and security market and the personal defence market,” he added. “We expect to take pre-orders for the LEC product line in late fall.”

KWESST plans to capitalize on the multi-million-dollar non-lethal market by officially launching its product at the 2022 SHOT Show in Las Vegas in January 2022.

The SHOT Show is the largest trade show of its kind for buyers and suppliers in the “Shooting Hunting and Outdoor Trade” (SHOT).

KWESST develops and commercializes breakthrough next-generation tactical systems, prioritizing the global self-defence and the public order and security markets.

KWESST Micro Systems Inc. (KWE) is up 4.83 per cent on the day, trading at $1.52 per share as of 9:34 am ET.

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