KWESST receives first order for advanced battlefield laser detection system

OTTAWA - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE), a micro-cap defense technology company with a market capitalization of $3 million, announced Wednesday it has received an initial order for prototypes of its newest generation battlefield laser detection system (BLDS) from a defense systems integrator for a major North American armored vehicle program.

The non-networked BLDS prototypes are ready for delivery, pending finalization of documentation. Once delivered, they will undergo performance testing in various operational environments and scenarios, in preparation for a fully-networked version expected later.

According to the company, the BLDS technology was developed to counter the increasing use of laser-guided threats on modern battlefields, including laser target designators, laser range finders, and beam-riding munitions. These systems have become particularly prominent in conflicts such as the one in Ukraine.

Sean Homuth, President and CEO of KWESST, stated the system combines low cost with a flexible form factor that can be deployed in either soldier-worn or vehicle-mounted configurations. The technology is designed to provide real-time detection of laser threats. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 4.13 and has achieved impressive revenue growth of 122% over the last twelve months.

The company previously delivered earlier versions of the BLDS technology to an overseas NATO country through a European defense integrator on August 4, 2023. InvestingPro analysis suggests the stock is currently undervalued, with 12 additional exclusive insights available to subscribers, including detailed financial health metrics and growth projections.

KWESST expects to have prototypes of fully-networked versions available by fall 2025, incorporating its proprietary approach to real-time detection, classification and dissemination of laser threats.

The company, headquartered in Ottawa, develops tactical systems for military and security forces, including digitization of tactical forces for situational awareness and countermeasures against threats such as electronic detection, lasers and drones. For comprehensive analysis of KWESST’s financial health and growth potential, investors can access detailed metrics and expert insights through InvestingPro.

This information is based on a company press release statement.

In other recent news, KWESST Micro Systems Inc. has submitted a Form 6-K to the United States Securities and Exchange Commission, detailing its financial status as of March 31, 2025. This filing includes the company’s condensed consolidated interim financial statements and management’s discussion and analysis for the three and six months ended March 31, 2025, offering insights into its financial condition. Additionally, KWESST announced a share consolidation to comply with Nasdaq’s minimum bid price requirements, consolidating its common shares on a 21-to-1 basis. This move aims to align the company’s capital structure with its strategic goals and maintain compliance with Nasdaq’s listing standards. In another development, KWESST has entered a strategic partnership with Nordon Inc. to expand its manufacturing capabilities in the United States. This collaboration focuses on producing KWESST’s ARWEN™ less-lethal projectiles and PARA OPS™ cartridges, enhancing its presence in the U.S. market. The partnership is expected to address logistic challenges and regulatory compliance barriers, improving product availability for U.S. law enforcement and civilian markets.

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