Binding term sheet for equivalent of EUR 1,834,477 secured convertible note agreed
First tranche of EUR 1.22 million, due on 2 September 2019 is subject to the execution of definitive documentation
Second tranche of EUR 611 443 is available on the same terms at the discretion of investors
Both tranches at 6-months term
Funding will start procurement of 2nd cluster of satellites and their 2020 launch
LUXEMBOURG, 22 August 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, is pleased to announce it has entered into a binding term sheet for a EUR 1.83 million debt instrument, to be issued in the form of secured convertible notes.
Andy Bowyer, CEO and Founder of Kleos Space Luxembourg, shines a light on dark activity at sea.
Luxembourg Space Agency Q&A
Can you tell a little bit about how you ended up in the space industry?
Well, I think you can do lots of things in your life if you have a
skill. An engineering skill, or a commercial skill, a marketing skill,
finance, or what have you.
The important thing, however, is the context you’re working in. The
work is the same, whether you’re engineering in a nuclear substation, or
an automotive company. The engineering is very similar to space
engineering in a lot of senses, but the context is different, and the
parameters are different.
4.5 times more data where most illegal activity occurs enabling higher value data from World’s areas of risk
Launch provider change to highly reliable PSLV operated by Indian Space Research Organisation
LUXEMBOURG, 12 August 2019 (Kleos Space PR) — Kleos space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, today announces that it has changed launch provider for its Scouting Mission1 satellites which will now launch into a 37-degree inclination.
LUXEMBOURG, 6 August 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data provider, announces that it will collaborate with Spire Global, one of the world’s largest space to cloud analytics companies. Kleos and Spire will collaborate to combine Spire AIS data with KLEOS RF data to create a new shared capability to bring safety at sea.
Kleos and Spire have entered into an agreement to collaborate on creating enhanced tools for Maritime Safety. The effort will support and augment tools for Governments, Maritime Agencies, and all organizations with strategic interest in detecting dark vessels.
LUXEMBOURG, 22 July 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data provider, has been informed by launch provider Rocket Lab that the Kleos’ Scouting Mission launch period has been extended to October 2019.
Kleos’ CEO Andy Bowyer said, “The Kleos Scouting Mission launch is dependent on parties outside of Kleos control. Notwithstanding that our team has ensured that our satellites are mission ready, but we cannot launch without a vehicle.
Luxembourg, 16 July 2019: Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), (Kleos or Company), a space-powered Radio Frequency Reconnaissance data provider, has completed all acceptance reviews and the satellites are mission ready awaiting transport to RocketLab’s Launch Complex 1 in Mahia, New Zealand.
The satellites in the Kleos’ Scouting Mission are now secured in their protective Electrostatic Discharge (ESD) boxes – designed to prevent damage to the hardware in the event of a discharge of static electricity. Sensitive devices are protected at all times during manufacture/assembly, transport, handling, and storage.
Kleos’ CTO Miles Ashcroft said “Our satellites have undergone and successfully passed the full test suite. They are formally technically accepted as mission ready. We await the ‘green light’ from our launch partners RocketLab to dispatch to Launch Complex 1 in New Zealand for flight preparation and integration onto the launch vehicle.”
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 four nano-satellites built by GomSpace in Denmark.
Further project grant funding request approved by Luxembourg Space Agency
Additional commitment of €1,000,000 [$1.1 million]
Funding toward further development of future, higher value Kleos data products
Total Luxembourg Space Agency funding commitment to date – €2,958,000 [$3.3 million]
LUXEMBOURG, 14 June 2019 (Kloes Space PR) — 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 [$1.1 million]] financial grant (non-equity) support for data product development.
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
LUXEMBOURG, 15 May 201 (Kleos Space PR) — Kleos Space S.A (ASX: KSS, Frankfurt: KS1), space-powered Radio Frequency Reconnaissance data provider, is proud to announce the signing of a ground station service agreement with Norwegian Kongsberg Satellite Services (KSAT). KSAT is a world leading provider of communication services for spacecraft and launch vehicles with an extensive and uniquely located global ground network, providing advanced monitoring services.
LUXEMBOURG, 16th April 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), space-powered Radio Frequency Reconnaissance data provider, has moved towards commercialisation of its global maritime geolocation Data-as-a-Service products with the launch of a new website at kleos.space with pre-order functionality.
Kleos’ RF Reconnaissance data products are available on the site in three levels – Guardian RF, Guardian LOCATE and Guardian UDT – and can be pre-ordered by registered users on a monthly or annual basis.
Luxembourg, 8 April 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), space-powered Radio Frequency Reconnaissance data provider, confirms its Scouting Mission satellites have progressed to the Final Acceptance Review phase after successfully passing the Integration Test Review milestone with Gomspace A/S.
During the Integration test review Kleos critically assessed system documentation, interface control documentation, Radio Frequency (RF) subsystems, budgets, verification planning, satellite transport, acceptance test procedures, RF test procedures, downlink testing, geolocation payload verification and end-to-end test procedures.
LUXEMBOURG, 2 April 2019 (Kleos Space PR) — Kleos Space S.A (ASX: KSS, Frankfurt: KS1), space-powered Radio Frequency Reconnaissance data provider, has signed a collaborative, non-binding, Memorandum of Understanding with leading Israeli based end-to-end geospatial intelligence company ImageSat International N.V. (iSi) to explore opportunities to use Kleos’ maritime RF activity-based satellite data to enhance geospatial intelligence analytics.
Under the MoU, the companies will develop a value-add proposition for current and future iSi maritime customers using Kleos’ geolocation data. The MoU also covers the development of a methodology to reduce collection to dissemination latency.
LUXEMBOURG, 21 January 2019 (Kleos Space PR) — Kleos Space S.A. (ASX:KSS, Frankfurt:KS1), the space technology provider of activity-based intelligence data for defence, asset protection and rescue, confirmed that their first cluster of satellites has entered the Integration Phase after successfully undergoing Critical Design Review (CDR) with Gomspace A/S. The CDR ensured the satellites could proceed towards assembly, validation, integration and testing and confirms they meet stated performance cost, schedule, and risk requirements.
Luxembourg 12th December 2018- Luxembourg-based Kleos Space S.A. (ASX: KSS), state-of-the-art space technology operator, is pleased to announce the dual-listing of the company’s shares on the Frankfurt Stock Exchange trading with the ticker code KS1 as it prepares for the launch of its first satellites and commercialisation of its ‘Data as a Service’ (DaaS) product in 2019.
Andy Bowyer, CEO of Kleos Space said: “While we are delighted to have many Australian investors already on board, we have dual-listed on the Frankfurt Stock Exchange to support our strategy which aims at broadening our European investor base. It will allow European investors to engage more easily with the company’s plans over the next 12 months as it launches the Kleos Scouting Mission and starts selling its commercial and independent data to government agencies, the intelligence, surveillance and reconnaissance (ISR) community and organisations interested in locating threats, assets or those in need of search and rescue.
LUXEMBOURG (Kleos Space PR) — Kleos Space S.A. (ASX: KSS), state-of-the-art space technology operator, is pleased to announce the signing of a commercial agreement with UK headquartered Intelligence Management Support Services Ltd (IMSL) for them to purchase Kleos Scouting Mission Data as a Service and to integrate and sell the Kleos data with related analytics services to government and industry customers around the world.
Through its offices in UK, Australia, New Zealand, Denmark and the United States, IMSL will integrate Kleos Scouting Mission Data and offer analytical services globally post launch. Intelligence domain and data analytics expertise will allow IMSL to deliver significant enterprise capability enhancement from Kleos to customers. Through a detailed understanding of the user’s tasking,
MoU covers the companies’ agreement to collaborate on In-Space manufacturing technology
Luxembourg/ Bremen (G), 15 October 2018 (Kleos Space PR) — Luxembourg-based and ASX listed Kleos Space S.A. (ASX:KSS), state-of-the-art space technology operator, today announces the signature of a second Memorandum of Understanding with Airbus Defence and Space, as both companies investigate opportunities to collaborate for the manufacture In-Space of structural elements.
Kleos Space and parent Magna Parva (UK) have developed an In-Space manufacturing system that will provide a method of producing huge carbon composite 3D structures in space.