12:02 PM EDT, 06/18/2025 (MT Newswires) -- KWESST Micro Systems ( KWE ) shares on Wednesday rose 108% after it received a first order from a defense systems integrator for prototypes of its newest generation of battlefield laser detection system (BLDS) for a major North American armored vehicle program.
The company said once the prototypes are delivered, they will undergo performance testing of the laser-detection technology in a wide range of operational environments and scenarios in anticipation of the forthcoming fully networked version. It had delivered earlier versions of the BLDS technology to an overseas NATO country through a European defense integrator on Aug. 4, 2023.
KWESST expects to have prototypes available of fully networked versions, incorporating its proprietary approach to real-time detection, classification and dissemination of laser threats by fall of 2025.
Shares of the company were last seen up $8.36 to $16.08 on the TSX Venture Exchange.
Price: 16.08, Change: +8.36, Percent Change: +108.29