Although the KWESST Micro Systems (OTCMKTS:KWEMF) stock continues to be in the middle of a downward spiral, it might still be a good idea to take a closer look at the company. The selloff in the stock continued yesterday as it tanked by another 5% and took its losses over the course of the past week to as much as 15%.
However, at the same time, it should be noted that the company did make a major announcement yesterday as well. KWESST Micro Systems revealed yesterday that it engaged the services of Stryk Group USA as its strategic partner.
This strategic partnership is going to be focussed on the work related to commercialising the company’s low energy cartridge (LEC) non-lethal items in the United States. Stryk is going to be specifically involved in providing KWESST Micro Systems with the much needed branding and market positioning advice.
In addition to that, it will also help the company in setting up a website, social media presence and also with e-commerce modules. These services are expected to speed up the process of actually marketing the product and lead to higher sales. It might just be the right time to add the KWESST Micro Systems stock to your watch lists.