10:31 AM EST - KWESST Micro Systems Inc. : Announced a follow-on order for approximately C$ 1.1 million with a key U.S. military customer to expand use of the Company's TASCS IFM system in military exercises, a key precursor to wider adoption. The contract is for application of the TASCS IFM system on the 81mm mortar platform, which transforms it into a "smart" weapon system with greater accuracy and faster response time, improving soldier survivability and operational effectiveness. Work under the order is scheduled to commence immediately. KWESST Founder, President and CEO Jeff MacLeod commented that, "This marks another key validating milestone in a market where TASCS IFM on the 81mm mortar alone could ultimately be worth up to C$120 million in the U.S. and another C$400 million worldwide, given the large installed base of 81mm mortars in service with so many NATO and allied military forces." KWESST Micro Systems Inc.
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