The stock price of KWESST Micro Systems Inc. (NASDAQ: KWE) saw a significant 24.59% increase during Wednesday’s after-market session, hitting $9.02. The normal session loss of 17.07%, which caused the stock to settle at $7.24, was successfully offset by this gain. The company’s announcement of an upcoming name change and the opening of a greatly enlarged facility preceded the late-session recovery.
Strategic Market Positioning Is Reflected in Rebranding
In order to better reflect its primary focus on military and public safety technology, KWESST announced its plan to rename as DEFSEC technology Inc. The corporation claims that the new name more accurately represents its position in the defense and public security industry.
The TSX Venture Exchange must approve the proposed modification and ensure that all necessary regulatory procedures are finished. If authorized, the name change will go into effect on the Nasdaq Capital Market and the TSX Venture Exchange around June 30, 2025, with the new ticker symbol “DFSC.”
Facility Opening Highlights Technology Leadership
The rebranding was formally introduced at the launch of KWESST’s new facility located at 80 Hines Road, Kanata North, Ottawa, Ontario. The building will accommodate the company’s rapid expansion and is more than twice as large as its former location. The event, which included displays of KWE’s most recent military and security technology, was attended by more than 100 officials and invited visitors.
Showcased innovations included the Battlefield Laser Detection System, which recently secured its first order from a North American armored vehicle program. Also presented was the ARWEN line of non-lethal threat neutralization tools, credited with saving hundreds of lives, and now expanded with new “Mini” and “Micro” models under customer review.
Strategic Contracts and Public Safety Focus
In addition, KWESST highlighted its role in delivering real-time situational awareness for the Canadian Forces via the “Team Awareness Kit” (TAK), a system already adopted by U.S. and NATO forces. This initiative is part of multi-year defense contracts with the Department of National Defence valued at up to $75 million through 2028, in partnership with Thales and Akkodis.
KWESST’s “Lightning” variant of TAK targets the public safety market through a SaaS model, enabling rapid deployment on smart devices without the need for additional hardware or software purchases.
