The news release on 1st March contains several possible nearterm share price catalysts. We could make a nice run anytime soon imo from these low levels.
Digitization Following the establishment of KWESST's Center of Excellence for digitization of soldier systems, several OEMs initiated discussions with KWESST for other requirements, including integration of systems for military as well as public security applications. Some of these discussions are at an advanced stage, with announcements expected in the near future.
Counter-Threat
The invasion of Ukraine by Russia has been a major recent catalyst for KWESST's PhantomTM electronic decoy, with several pending requests and price quotations to fill Urgent Operational Requirements ("UOR") for NATO forces. The level of interest and the urgency encourages the Company to believe that it is highly likely it could receive NATO country orders throughout its 2022 fiscal year and beyond.
Hostilities are creating similar interest in the Company's Battlefield Laser Defense System ("BLDS") that detects and locates lasers, including weaponized lasers, with first orders from two overseas NATO countries pending.
Expanded OEM engagement
As stated on many occasions, a key part of KWESST's go-to-market plan is to partner with major defense contractors, as it has done with GDMS and GDLS. Similar agreements are in progress with other OEMs that KWESST believes could result in expansion into other products and markets internationally. The first such announcements are expected early in our third quarter starting April 1st, 2022.