Kleos appoints ground station service provider as it moves closer to revenue generation

Highlights

  • Kleos appoints Kongsberg Satellite Service (KSAT) as ground station service provider
  • KSAT is a world leading provider of communication services for spacecraft
  • Appointment marks the next step towards revenue

15 May 2019 -- Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), (Kleos or Company) a space-powered Radio Frequency Reconnaissance data provider, advises the engagement of Norwegian Kongsberg Satellite Services (KSAT), a ground station service provider.

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KSAT is a world leading provider of communication services for spacecraft and launch vehicles with an extensive and uniquely located global ground network. KSAT provides advanced monitoring services.

The appointment marks the next milestone toward revenue (ASX: 13/5/2019) generation, commencing post commissioning of the Kleos’ Scouting Mission satellites1.

Andy Bowyer, CEO of Kleos Space said, “One of the keys to our success lies in the choice of technological partners. We have appointed Kongsberg as they are one of the World leaders for data reception and near real time Earth Observation services. Kleos is proud to work with Kongsberg, with 50 years’ experience in a fast growing and challenging industry and environment.”

Milestones to Revenue

The following roadmap illustrates a number of steps to commence and manage expected revenue post launch of the Kleos’ Scouting Mission satellites:

• Investor and media engagement
• International broker engagement
• Appointment of CFO
• Ground Station Service contract
• GEOINT19 conference
• Early adopter contracts
• Transport Satellite to Launch site
• Kleos’ Scouting Mission satellites launch
• Large data volume contracts

Kleos’ satellites will initially transmit observation data to the KSAT downlink ground station Svalbard in Norway.

Kleos will have access to additional ground stations within the KSAT network, currently consisting of 15 locations worldwide through the KSAT Lite platform, which can provide back-up facilities and enlarged flexibility for Kleos.

1 The multi-satellite Scouting Mission system will form the foundation of a constellation that delivers a global picture of hidden maritime activity, enhancing the intelligence capability of government and commercial entities when AIS (Automatic Identification System) is defeated, imagery is unclear, or targets are out of patrol range. The first scouting mission is made up of 4x nano-satellites built by GomSpace in Denmark, each the size of a shoebox.

About Kleos Space S.A.

Kleos Space S.A. (ASX: KSS) is a space enabled, activity-based intelligence, data as a service company based in Luxembourg. Kleos Space aims to guard borders, protect assets and save lives by delivering global activity-based intelligence and geolocation as a service. The first Kleos Space satellite system, known as Kleos Scouting Mission (KSM), will deliver commercially available data and perform as a technology demonstration. KSM will be the keystone for a later global high capacity constellation. The Scouting Mission will deliver targeted daily services with the full constellation delivering near-realtime global observation – www.kleos.space.

About Kongsberg Satellite Services

KSAT has been a pioneer in the ground segment business since 1968, and introduced the near real-time concept within operational monitoring services as early as the 1990’s.

Today, KSAT consists of a network of global ground stations, consisting of more than 170 remotely controlled antennas. With more than 20 sites worldwide, KSAT provides optimized locations for satellites in polar, inclined and equatorial orbits, with Earth Observation services with the fastest available delivery times.

Kongsberg Satellite Services is owned equally (50/50) by Space Norway AS (50%), and Kongsberg Defence & Aerospace AS (50%).

Space Norway AS is a state-owned enterprise of the Ministry of Trade, Industry and Fisheries. The enterprise was established in 1995 as a subsidiary of the Norwegian Space Centre.

Kongsberg Defence & Aerospace AS is a wholly owned subsidiary of Kongsberg Gruppen. Kongsberg is an international technology group, established in 1814 – www.kongsberg.com.



Contacts:

Kleos Space S.A.
26, rue des Gaulois - L-1618 Luxembourg
+352 2088 2290
Email Contact

Market Eye Investor Relations
Level 8, 360 Collins Street
Melbourne, VIC 3000, Australia
+61 3 9591 8905
Email Contact




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