DEFSEC Ships New BLISS ("Battlespace Laser Identification Sensor System") To U.S. Army Yuma Test Center

• The most recent release (April 29, 2026) confirms the shipment of two networked BLISSTM units to the U.S. Army Yuma Test Center for testing and evaluation.
• This follows the March 31, 2026 announcement regarding the launch of the next-generation Battlespace Laser Identification Sensor System (BLISS).
• The system is described as a patent-pending evolution of the previous BLDS technology, designed to provide early warning against laser activity across the battlespace.
• Management plans to brief delegations on the product line at CANSEC in Ottawa on May 27–28, 2026.
• Historical context from December 29, 2025 shows FY2025 revenue surged 229% YoY to C$4.9M with cash on hand increasing to C$6.7M following two financings in 2025.
• Annualized program billings for government services are projected at approximately C$8.3M commencing February 2026, up from C$1.0M in FY2024.

• The shipment represents execution of the March product launch announcement rather than a new surprise contract award or revenue milestone.
• Testing at Yuma is a critical step toward potential procurement but does not guarantee immediate revenue recognition compared to the government services contracts already delivering cash flow.
• The news reinforces the company's technology roadmap and validates U.S. Army interest, which supports the long-term valuation thesis established in FY2025 results.
• However, the market has likely priced in this progression following the March 31 launch announcement; therefore, the immediate price impact is expected to be incremental rather than transformative.
• The financial backdrop remains strong with C$6.7M cash and annualized billings of ~C$8.3M providing runway through 2026, reducing near-term capital risk.

• DEFSEC Technologies Inc. operates in defense technology focusing on tactical force protection and digital modernization for government clients.
• Flagship projects include:
  • BLISS (Battlespace Laser Identification Sensor System): Next-generation laser detection solution currently undergoing U.S. Army testing.
  • ARWEN: Product line with revenue growth of 80% in FY2025, targeting law enforcement and military markets.
  • DEFSEC Lightning SaaS: Real-time situational awareness system for first responders, expected full commercial release early 2026.
• The company holds contracts under the Directorate Land Command Systems Program Management Software Engineering Facility (DSEF) and Land C4ISR programs.