Kleos Space targets UK with new subsidiary
ASX-listed Kleos Space has announced the formation of a new, wholly-owned, UK-based subsidiary for the purpose of delivering maritime ISR (intelligence, surveillance, reconnaissance) data-as-a-service to UK defence and security departments, agencies and industry.
The subsidiary, Kleos Space Ltd, will be able to support the UK’s international surveillance capability, with UK defence and economic policy in recent years addressing the need to utilise locally-based enterprises with appropriate security clearance, innovation focus and technical capability to provide services to entities within the national security framework.
Kleos Space chairman Air Commodore (Ret'd) Peter Round said, "The establishment of Kleos Space in the UK will allow us to work closely with government agencies to support the United Kingdom’s space-based ISR capabilities to support operations at home and abroad."
The company said that the timing was right, as the global space-based ISR ecosystem sees strong demand to support for defence program financing in the UK, which than translate into greater commercialisation opportunities and technological advances.
"We aim to assist UK Industry and Government to access commercial data from satellites to provide information as needed. This UK activity builds on our operations in Luxembourg and Australia examining similar opportunities with other allied governments," Round said.
The UK subsidiary will be well placed to continue to leverage the achievements of the prior phases of development with the ultimate aim of commercialising the Kleos Scouting Mission project, which remains on track for launch in the second quarter of 2019.
Kleos Space is a space-enabled, activity-based intelligence, data-as-a-service company and innovative in-space manufacturing technology developer based in Luxembourg.
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-real-time global observation.
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