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KWESST Enters into Non-Lethal Technology Purchase Agreement


KWESST Enters into Non-Lethal Technology Purchase Agreement
KWESST Micro Systems Inc. today announced it has entered into a technology purchase agreement with DEFSEC Corporation to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology . The LEC Technology is a proprietary non-lethal cartridge-based ordnance system. DEFSEC is an Ottawa-based based private company owned by David Luxton the Executive Chairman of …
KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced it has entered into a technology purchase agreement (the “Purchase Agreement”) with DEFSEC Corporation (“DEFSEC”) to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology (“LEC Technology”). The LEC Technology is a proprietary non-lethal cartridge-based ordnance system. DEFSEC is an Ottawa-based based private company owned by David Luxton the Executi ....

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KWESST Micro Systems Inc.: KWESST Extends Option to Acquire Non-Lethal Technology


KWESST Micro Systems Inc.: KWESST Extends Option to Acquire Non-Lethal Technology
Ottawa, Ontario (Newsfile Corp. - December 15, 2020) -
KWESST Micro Systems Inc. (TSXV: KWE) ( KWESST or the Company ) today announced it has extended until January 15, 2021 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology ( LEC Technology ).
The owner of the LEC Technology is DEFSEC Corporation ( DEFSEC ), an Ottawa-based based private company owned by David Luxton the Executive Chairman of KWESST. KWESST entered into a letter of intent with DEFSEC on June 6, 2020 to acquire the LEC Technology. The parties continue to cooperate and are working toward a definitive agreement. ....

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