- Placement of 10,000,000 CDIs1 at for a total €1.8 million raise
- An Integrator and Channel Partner Agreement with Red Group Technologies Inc. (RGT) for their advanced analytics product suite
LUXEMBOURG, 10 July 2020 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data provider, has received commitments from entities controlled by Janet Cameron to raise €1.8 million via the issue of 10,000,000 new ordinary fully paid CDIs.
Andy Bowyer Kleos CEO said: “I thank Janet for her continued support, the placement provides further security for Kleos Space as we move into an exciting period for our shareholders.”
In addition, Kleos has entered into an Integrator and Channel Partner Agreement with RGT to be an Integrator of and Channel Partner for, products from their offices in Middle East and North Africa.
RGT is a US owned and operated specialist in C5ISR (Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance) solutions operating predominately in the Middle East and North Africa.
The RGT suite of advanced analytics empowers leaders and organizations to glean greater insights from current and historical information to “See First, Understand First, and Act First”. Providing the tools to dominate the intelligence environment by creating custom workflows and data visualizations that improve operational performance.
Kleos’ Scouting Mission satellites that are in the Sriharikota Range in India awaiting launch on Indian Space Research Organisation (ISRO) PSLV C49, will detect and geolocate maritime radio frequency transmissions to provide global activity-based intelligence, enhancing the intelligence, surveillance and reconnaissance (ISR) capabilities of governments and commercial entities when Automatic Identification System (AIS) is defeated, imagery unclear or targets out of patrol range.
Kleos’ satellites will be in a 37-degree inclination orbit, covering crucial shipping regions for defense and security customers including the Strait of Hormuz, South China Sea, Australian coast, Southern US coast as well as the East and West African coast.
Ron Demeter CEO of RGT said: “We are excited to work with Kleos Space. This is a great opportunity that we believe provides substantial value to governments as they protect their borders and Exclusive Economic Zones from illicit trafficking and other illegal activities.”
Pete Round, Kleos Chairman & Executive Director for Group Business Development, said: “Analytical support to a commander is vital and must be of the highest quality. The quality of the analytics is critically dependant on the data fed into the engine. I am delighted that we at Kleos are able to contribute data that is both unique and an exemplar of the quality required. This is the beginning of a long relationship with RGT”.