KWESST Announces Intention to Change Corporate Name At Opening of Expanded New Facility
KWESST Micro Systems Inc. (NASDAQ: KWE) has announced its intention to change its corporate name to DEFSEC Technologies Inc. and will trade under the new symbol DFSC on both TSXV and Nasdaq, expected to be effective around June 30, 2025.
The announcement was made during the opening of the company's expanded facility in Kanata North, Ottawa, which is twice the size of its previous location. The company showcased its defense and security technologies, including its Battlefield Laser Detection System, ARWEN non-lethal products, and real-time situational awareness systems. Notable contracts include strategic partnerships with Thales and Akkodis for the Canadian Department of National Defence, valued at up to $75M through 2028.
KWESST Micro Systems Inc. (NASDAQ: KWE) ha annunciato l'intenzione di cambiare la propria ragione sociale in DEFSEC Technologies Inc. e di operare con il nuovo simbolo DFSC sia su TSXV che su Nasdaq, con effetto previsto intorno al 30 giugno 2025.
L'annuncio è stato fatto durante l'inaugurazione della nuova sede ampliata dell'azienda a Kanata North, Ottawa, che è il doppio della dimensione della precedente. L'azienda ha presentato le sue tecnologie per la difesa e la sicurezza, tra cui il Battlefield Laser Detection System, i prodotti non letali ARWEN e i sistemi di consapevolezza situazionale in tempo reale. Tra i contratti più importanti figurano partnership strategiche con Thales e Akkodis per il Dipartimento della Difesa Nazionale canadese, per un valore fino a 75 milioni di dollari fino al 2028.
KWESST Micro Systems Inc. (NASDAQ: KWE) ha anunciado su intención de cambiar su nombre corporativo a DEFSEC Technologies Inc. y cotizará bajo el nuevo símbolo DFSC tanto en TSXV como en Nasdaq, con vigencia prevista alrededor del 30 de junio de 2025.
El anuncio se realizó durante la apertura de las nuevas instalaciones ampliadas de la empresa en Kanata North, Ottawa, que tienen el doble del tamaño de la ubicación anterior. La compañía mostró sus tecnologías de defensa y seguridad, incluyendo su Sistema de Detección Láser en el Campo de Batalla, productos no letales ARWEN y sistemas de conciencia situacional en tiempo real. Entre los contratos destacados se incluyen asociaciones estratégicas con Thales y Akkodis para el Departamento de Defensa Nacional de Canadá, con un valor de hasta 75 millones de dólares hasta 2028.
KWESST Micro Systems Inc. (NASDAQ: KWE)는 회사명을 DEFSEC Technologies Inc.로 변경하고 TSXV와 Nasdaq에서 새로운 심볼 DFSC로 거래할 예정임을 발표했으며, 이는 2025년 6월 30일경에 발효될 예정입니다.
이 발표는 이전 위치의 두 배 크기인 캐나다 오타와 카나타 노스에 확장된 회사 시설 개장식에서 이루어졌습니다. 회사는 전장 레이저 탐지 시스템, ARWEN 비살상 제품, 실시간 상황 인식 시스템 등 방위 및 보안 기술을 선보였습니다. 주요 계약으로는 캐나다 국방부를 위한 Thales 및 Akkodis와의 전략적 파트너십이 있으며, 2028년까지 최대 7500만 달러 규모입니다.
KWESST Micro Systems Inc. (NASDAQ : KWE) a annoncé son intention de changer de nom pour DEFSEC Technologies Inc. et de trader sous le nouveau symbole DFSC à la fois sur le TSXV et le Nasdaq, ce changement étant prévu aux alentours du 30 juin 2025.
L'annonce a été faite lors de l'inauguration des locaux agrandis de l'entreprise à Kanata North, Ottawa, qui sont deux fois plus grands que l'ancien emplacement. La société a présenté ses technologies de défense et de sécurité, notamment son système de détection laser de champ de bataille, les produits non létaux ARWEN et les systèmes de conscience situationnelle en temps réel. Parmi les contrats notables figurent des partenariats stratégiques avec Thales et Akkodis pour le ministère canadien de la Défense nationale, d'une valeur allant jusqu'à 75 millions de dollars jusqu'en 2028.
KWESST Micro Systems Inc. (NASDAQ: KWE) hat die Absicht bekannt gegeben, seinen Firmennamen in DEFSEC Technologies Inc. zu ändern und unter dem neuen Symbol DFSC sowohl an der TSXV als auch an der Nasdaq zu handeln, was voraussichtlich um den 30. Juni 2025 wirksam wird.
Die Ankündigung erfolgte während der Eröffnung der erweiterten Betriebsstätte des Unternehmens in Kanata North, Ottawa, die doppelt so groß ist wie der vorherige Standort. Das Unternehmen präsentierte seine Verteidigungs- und Sicherheitstechnologien, darunter das Battlefield Laser Detection System, nicht-tödliche ARWEN-Produkte und Systeme zur Echtzeit-Lageerkennung. Bedeutende Verträge umfassen strategische Partnerschaften mit Thales und Akkodis für das kanadische Verteidigungsministerium im Wert von bis zu 75 Millionen US-Dollar bis 2028.
- New facility is more than double the size of previous location, accommodating rapid growth
- Strategic contracts with Canadian Department of National Defence worth up to $75M through 2028
- Recent first order received for Battlefield Laser Detection System for North American armored vehicle program
- Expansion of product line with new PARA Mini and Micro versions under evaluation
- None.
Insights
KWESST's rebranding to DEFSEC Technologies signals strategic repositioning while expanding facilities to support $75M in defense contracts.
The company's name change to DEFSEC Technologies represents more than simple rebranding—it's a strategic repositioning that better aligns with their defense and public security focus. The transition comes alongside the opening of a facility with double the capacity, indicating management's preparation for anticipated growth.
What's particularly noteworthy is the $75M in multi-year contracts through 2028 with the Canadian Department of National Defence, in partnership with major industry players Thales and Akkodis. These strategic partnerships provide significant revenue visibility and validate the company's technological capabilities. The contracts include potential follow-on options that could extend value beyond the initial term.
The recent first order for their Battlefield Laser Detection System for a North American armored vehicle program demonstrates commercial traction for their latest innovations. Their product portfolio spans critical defense domains: laser detection systems (countering emerging battlefield threats), non-lethal weapons (ARWEN line with new PARA variants), and tactical awareness systems (military-grade TAK technology with civilian "Lightning" adaptation under a SaaS model).
This diversified product mix across both defense and public security markets provides multiple revenue streams and cross-selling opportunities. The SaaS model for their Lightning situational awareness system is particularly significant, as it could generate predictable recurring revenue—highly valued in the defense sector where lengthy procurement cycles often create lumpy financial results.
Intention to change name from "KWESST Micro Systems Inc." to "DEFSEC Technologies Inc.," ticker symbol to change to DFSC, legal entity remains unchanged.
Ottawa, Ontario--(Newsfile Corp. - June 25, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) (FSE: 62U1) ("KWESST" or the "Company") a leader in advanced tactical systems for the defense and public security market, announces that it intends to change its name to "DEFSEC Technologies Inc." at the opening of its expanded new facility at 80 Hines Road in Kanata North, Ottawa, Ontario. The proposed name change is subject to approval from the TSX Venture Exchange (the "TSXV"), and the completion of all applicable regulatory filings. Assuming the satisfaction of these requirements, the name change is expected to become effective on or around June 30, 2025 on both the TSXV and the Nasdaq Capital Market (the "Nasdaq"). DEFSEC Technologies Inc. will trade on the TSXV and the Nasdaq under the symbol "DFSC".
"We are very pleased to have adopted the name DEFSEC Technologies Inc.," said Sean Homuth, President and CEO. DEFSEC is a much more obvious descriptor of what we do in the Defense and Public Security market, and we believe our customers, partners and employees will quickly find it an intuitive short-hand for the business we're in. We also want to signify that we're a technology company, thus the additional term, "Technologies".
In attendance were more than 100 dignitaries and invited guests who had an opportunity to view a display of the Company's technologies and products for improved safety and survivability of soldiers and police, including:
The Company's latest Battlefield Laser Detection System, with a first order received last week from a military systems integrator for a North American armored vehicle program, as announced on June 18, 2025.
The ARWEN line of non-lethal products for safely neutralizing dangerous threats, with hundreds of lives saved, plus the new PARA "Mini" and "Micro" versions currently undergoing customer evaluation.
Real-time situational awareness for the Canadian Forces, incorporating "Team Awareness Kit" ("TAK") used by U.S. military and Homeland Security agencies and now being adopted by other NATO countries. This is the primary focus of strategic, multi-year contracts for the Canadian Department of National Defence worth up to
$75M through 2028 with our industry partners Thales and Akkodis, with follow-on option years.The Company's "Lightning" version of the military grade situational awareness capability, adapted for the public security market incorporating TAK plus rapid incident-ready features under a SaaS model, meaning no need to buy hardware or software - ready to go on any smart device for an affordable monthly subscription fee.
"The opening of our new facility today is a milestone in the growth of our Company," said Homuth. It's more than twice the size of our previous location and will accommodate the rapid growth we're experiencing."
No further action is required by shareholders with respect to the name change. There is no change in the share capital of the Company. The new CUSIP number for the common shares of the Company (the "Common Shares") is 244778106 and the new ISIN number is CA2447781063. Certificates representing the Common Shares will not be affected by the name and will not need to be exchanged. No consolidation of capital occurred in connection with the name change.
The Company's listed common share purchase warrants (each a "Warrant") will also commence trading under the trading symbol "DFSC.WT.U" on the TSXV in the case of TSXV listed Warrants and the trading symbol "DFSCW" on the Nasdaq in the case of Nasdaq listed Warrants. The new CUSIP number for the TSXV listed Warrants of the Company is 244778114 and the new ISIN number is CA2447781147. The CUSIP number for the Nasdaq listed Warrants will not change and remains 501506133.
For further information, please contact:
Sean Homuth, President and Chief Executive Officer
homuth@defsectec.com
David Luxton, Chairman
luxton@defsectec.com
Jason Frame, Investor Relations
+1 (587) 225-2599
frame@defsectec.com
About KWESST
KWESST develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other KWESST products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The Company also has a new proprietary non-lethal product line branded PARA OPSTM with applications across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada, with representative offices in London, UK and Abu Dhabi, UAE.
For more information, please visit https://kwesst.com/
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This press release includes certain statements that may be deemed "forward-looking statements" within the meaning of Canadian and United States securities laws (collectively, "forward-looking statements"), which may be identified by the use of words such as "plans", "intends", "believes", "proposed", or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", or "will" be taken, occur or be achieved. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: regulatory approvals, implementation challenges, market acceptance, potential legal or financial implications, and other factors beyond the control of KWESST. Although KWESST has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and KWESST undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256837
FAQ
When will KWESST (KWE) change its name to DEFSEC Technologies and start trading as DFSC?
What is the value of DEFSEC Technologies' contracts with the Canadian Department of National Defence?
Do KWESST shareholders need to take any action regarding the name change to DEFSEC?
What are the new CUSIP and ISIN numbers for DEFSEC Technologies (DFSC) common shares?
What products did DEFSEC Technologies showcase at their new facility opening?
