Emerging Markets Report: A Moment of Truth for the Mockingbird

Rhea-AI Summary

On October 4, KWESST Micro Systems, Inc. (OTCQB: KWEMF) announced significant advancements for its Phantom™ electronic battlefield decoy, designed to confuse adversaries by mimicking NATO communications. Key developments include advanced negotiations with a global defense contractor for Phantom integration into armored vehicles for a major NATO customer, requests from the U.S. Department of Defense for demonstrations, and ongoing pricing discussions with other NATO clients. Successful negotiations could yield a contract exceeding $40 million in revenue, starting this fiscal year and increasing in 2023 and 2024.

Positive

• Advanced negotiations with a global defense contractor for Phantom units.
• U.S. Department of Defense requesting showcase demonstrations for Phantom.
• Demonstrations and pricing requests ongoing with other NATO customers.
• Growing suite of patents enhancing IP protection.
• Potential contract exceeding $40 million if negotiations are successful.

Negative

• None.

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 Phantom^TM
• 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 Phantom^TM 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 Phantom^TM 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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Must Read OTC Markets/SEC policy on stock promotion and investor protection

• https://www.otcmarkets.com/learn/policy-on-stock-promotion
• https://www.otcmarkets.com/learn/investor-protection
• https://www.sec.gov/news/press-release/2017-79
• https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html

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FAQ

What is the status of KWESST's Phantom technology as of October 2021?

KWESST announced significant advancements including negotiations with a global defense contractor and requests from the U.S. Department of Defense for demonstrations.

How much revenue could KWESST generate from the Phantom unit contracts?

If negotiations are successful, the contracts could be worth over $40 million, with initial revenue expected in the current fiscal year.

What types of customers are interested in the Phantom technology?

The Phantom technology has attracted interest from NATO customers and the U.S. Department of Defense.

What makes KWESST's Phantom technology unique?

Phantom is a programmable RF generator that can mimic NATO communications, effectively deceiving adversaries about troop locations.

When is KWESST expected to report initial revenues from the Phantom contracts?

Initial revenues are anticipated in the current fiscal year, with significant ramp-up in 2023 and 2024.