Luxembourg Space Agency approves EUR 1 million grant to Kleos Space

  • Further project grant funding request approved by Luxembourg Space Agency
  • Additional commitment of €1,000,000
  • Funding toward further development of future, higher value Kleos data products
  • Total Luxembourg Space Agency funding commitment to date – €2,958,000

Luxembourg, 14 June 2019: Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data provider, announces that the Luxembourg Space Agency (LSA) has approved an additional EUR €1,000,000 financial grant (non-equity) support for data product development.

Today, the Grand Duchy of Luxembourg is home to approximately 50 space companies and research labs. The space sector’s contribution to the nation’s GDP is among the highest ratios in Europe.

The country’s expertise in international finance and dedicated funding resources fosters the sustainable and ongoing development of the country’s space capabilities.

With the funding support approval from the Luxembourg Space Agency, Kleos has entered the European Space Agency Business Applications programme process and aims to be on contract with initial funding receipts by the end of 2019.
The funding, conditional on successful launch of the Kleos Scouting Mission, will be applied towards further developing Kleos data products, enhancing capability and increasing revenues.

Andy Bowyer, CEO of Kleos Space said, “The Luxembourg Space Agency eco system is highly supportive of commercial enterprises, assisting with product development financing and also licencing.”

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. For more information please visit: www.kleos.space.



Contact:

Tristan Everett
Market Eye
+61 403 789 096
Email Contact




Review Article Be the first to review this article


Latest Blog Posts
Jim SparksGISCafe Guest
by Jim Sparks
Maps are (Still) Important Again
Jobs
Applications Programmer Analyst I for Southern Nevada Health District at Las Vegas, Nevada
Applications Programmer Analyst II for Southern Nevada Health District at Las Vegas, Nevada
GIS Project Manager for VHB at Wethersfield, Connecticut
Upcoming Events
Smart GEO Expo 2020 at COEX Hall C Republic of Korea Seoul Korea (South) - Aug 19 - 21, 2020
Defense Services Asia (DSA) 2020 at Kuala Lumpur Malaysia - Aug 24 - 27, 2020
IWCE 2020 Conference at Las Vegas Convention Center LAS VEGAS NV - Aug 24 - 28, 2020
ENVI Analytics Symposium (Virtual EAS) at CO - Aug 25 - 27, 2020
University of Denver GIS Masters Degree Online
UAV Expo2020 -Register   & save



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise