Proactiveinvestors Australia Kleos Space SA https://www.proactiveinvestors.com.au Proactiveinvestors Australia Kleos Space SA RSS feed en Wed, 24 Jul 2019 08:38:58 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kleos Space will use launch delay to further enhance satellite strategy ]]> https://www.proactiveinvestors.com.au/companies/news/224250/kleos-space-will-use-launch-delay-to-further-enhance-satellite-strategy-224250.html Kleos Space SA (ASX:KSS) (FRA:KS1) will use a delay in the launch of its Scouting Mission of satellites to expand contracts, further develop data products and rapidly progress the second generation of satellites.

Launch provider Rocket Lab has advised Kleos that the Scouting Mission launch period for the four satellites has been extended to October 2019.

Kleos’ CEO Andy Bowyer said: “Kleos is prepared for this situation as launches are exceptionally complex and often prone to delays.”

READ: Kleos Space set to disrupt satellite monitoring industry with integration partner-centric data delivery model

He said the Scouting Mission launch was 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.

“Due to Rocket Lab’s manifest requirements and their evolving production schedule, Kleos’ next available launch opportunity has been extended beyond our contractual launch period ending August 2019 to no earlier than October 2019.

“We have been advised that Rocket Lab is doing everything possible to minimise schedule movements and launch the Kleos satellites as quickly as possible.”

READ: Kleos Space satellites to launch in August 2019

Rocket Lab’s chief executive Peter Beck said: “Following six successful orbital missions since January 2018, Rocket Lab is rapidly scaling production and launch operations to meet growing market demand.

“We look forward to launching Kleos satellites in the coming months as we continue to increase our launch cadence.”

Data-as-a-service model

First data flows from the satellites, which use a space-enabled data-as-a-service (DaaS) model, will be merged with other data sources to create flexible product bundles for end users.

The company has achieved its data delivery strategy through critical partnerships and strong non-equity financial support from the Luxembourg Government.

Using radio frequency (RF) data Kleos aims to help disrupt illegal fishing, smuggling and trafficking, a challenge for governments valued at more than US$80 billion.

Second generation satellites

Kleos’ planned second mission using second generation satellites will focus on delivering enhanced coverage of the Earth closer to the equator, which Bowyer said would increase revenues and the customer base.

The CEO said: “Developing the second-generation satellites at this early stage will allow us to gain advantage following the successful launch of the Scouting Mission and allow us to stay on schedule for the overall business growth.

“As a responsible and highly focused Space business we are constantly aware of the complexities of the space industry and we are prepared to take advantage of unplanned opportunities.

“Kleos is doing everything possible to minimise schedule movements and launch the Kleos satellites into orbit as quickly as possible,” Bowyer concluded.

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Mon, 22 Jul 2019 16:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/224250/kleos-space-will-use-launch-delay-to-further-enhance-satellite-strategy-224250.html
<![CDATA[News - Kleos Space set to disrupt satellite monitoring industry with integration partner-centric data delivery model ]]> https://www.proactiveinvestors.com.au/companies/news/222722/kleos-space-set-to-disrupt-satellite-monitoring-industry-with-integration-partner-centric-data-delivery-model-222722.html Kleos Space SA (ASX:KSS) is mission ready for launch in August, having built its first set of satellites with partners GomSpace within a year of listing on the ASX.

First data flows from the satellites, which use a space-enabled data-as-a-service (DaaS) model, will be merged with other data sources to create flexible product bundles for end users.

The company has achieved its data delivery strategy through critical partnerships and strong non-equity financial support from the Luxembourg Government.

Using radio frequency (RF) data Kleos aims to help disrupt illegal fishing, smuggling and trafficking, a challenge for governments valued at more than US$80 billion.

 

Next steps will be expansion of Kleos’ development and sales teams in July prior to the August satellite launch with contract ramp-up and revenues starting in the September quarter.

A second launch in the first half of 2020 will usher in an additional higher value product range before Kleos plans to boost revenues further in the fourth quarter of 2020 with a third launch

In his address at the recent annual general meeting, Kleos chairman Peter Round said: “For the future we look to another satellite launch in the first half of next year and an expansion of our teams in technical and business development.

“More satellites mean a better service and increased revenue – a dedicated growing team will bring this to fruition.”

READ: Kleos Space SAtellites to launch in August 2019

Round added that working closely with Gomspace had been a cooperative exercise, together identifying further enhancements to be incorporated into future designs, and launch partner Rocket Lab had demonstrated its reliability on a number of occasions.

He continued: “We can see how [Rocket Lab] have become a partner of choice for other nano-sat operators to ride-share on their launch vehicles.

“Key is that we are now only a matter of weeks from satellite launch and just a few months from data flow and it is data flow that matters.

“After all, we are a data company – we are space enabled rather than a pure space company.”

Round said that merging satellite data with other data sources was key to successful outcomes for Kleos in the medium to long-term.

READ: Kleos Space appoints ground service provider for Scouting Mission satellites

Products will include low-level data packages such as satellite data and georeferenced RF data, useful for maritime situational awareness and targeting defence and security end users.

Advanced packages will use location-enabled analytical data to create further information flows for customers, with applications including maritime operations, port management, fleet analysis and reporting on illegal activities.

Kleos has a broad customer base with signed engagement from focused small enterprises to global defence contractors including multiple large US defence contractors, Airbus, Ball Aerospace, IMSL, Victoria Falls and ImageSat International.

Kleos co-founder & CEO Andrew Bowyer said: Our early adopters represent many end-users, each a possible further revenue source to Kleos as we roll out our DaaS model.”

READ: Kleos Space scouting mission satellites on track for launch

The company has targeted diverse, multi-market and high-value direct and reseller agreement revenue streams.

According to the 2017 State of the Satellite Industry Report, the global space-based Earth observation data products reached revenues of US$2 billion in 2016.

The global maritime information market is expected to be up to US$1.41 billion by 2020, with Kleos initially targeting less than 1.5% of this market.

Kleos only knows of one other company developing space-collected commercial RF data, which has launched its first cluster of three formation-flying satellites.

The competitor is reported to have more than $50 million in commercial contracts which validates the demand for this type of data.

Kleos believes it is well-positioned against this peer offering, providing data at a variety of levels from raw to processed, and distributing through a ‘integration partner’- centric.  

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Tue, 25 Jun 2019 01:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222722/kleos-space-set-to-disrupt-satellite-monitoring-industry-with-integration-partner-centric-data-delivery-model-222722.html
<![CDATA[News - Kleos Space satellites to launch in August 2019 ]]> https://www.proactiveinvestors.com.au/companies/news/220973/kleos-space-satellites-to-launch-in-august-2019-220973.html Kleos Space S.A. (ASX:KSS) has confirmed the Kleos Scouting Mission (KSM) is set to launch in August 2019 on a Rocket Lab electron launch vehicle.

Preparations by Kleos on the KSM satellites are on track for mission readiness and will be onsite for flight preparation as soon as the Rocket Lab customer area can accept the Kleos team for integration activities.

Satellite testing will conclude with a complete system test using KSAT (Kleos Scouting Mission ground station service provider) specialist ground station equipment prior to flight acceptance review and the dispatch to the launch site.

Milestones to revenue

  READ: Kleos Space appoints ground service provider for scouting mission satellites

Kleos Space chief executive officer Bowyer said: “Kleos’ technical team have applied themselves exceptionally well to achieve this stage mission-readiness for the Kleos’ Scouting Mission.

“We continue to optimise the post-launch phase of the mission to ensure revenue generating data starts flowing as quick as possible.

“The technical team have also worked well with GomSpace to improve the satellites capabilities further enhancing our offer to the market.”

READ: Kleos Space scouting mission satellites on track for launch

Rocket Lab’s senior vice president of global launch services Lars Hoffman said the team was proud to provide Kleos with responsive and tailored access to orbit.

“We’re excited to give the Kleos Scouting Mission satellites a first-class ride to orbit on electron,” he said.

“We’ve worked closely with the Kleos team to design a tailored rideshare mission that lays the strong foundation for a future constellation.”

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Mon, 27 May 2019 15:01:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220973/kleos-space-satellites-to-launch-in-august-2019-220973.html
<![CDATA[News - Kleos Space appoints ground service provider for Scouting Mission satellites ]]> https://www.proactiveinvestors.com.au/companies/news/220277/kleos-space-appoints-ground-service-provider-for-scouting-mission-satellites-220277.html Kleos Space SA (ASX:KSS) (FRA:KS1) has appointed Kongsberg Satellite Service (KSAT) as its ground service provider, marking a milestone toward beginning revenue generation and commencing post commissioning of its Scouting Mission satellites.

Norwegian-based KSAT is a world-leading provider of communication services for spacecraft and launch vehicles.

Kleos Space chief executive officer Andy Bowyer said: “One of the keys to our success lies in the choice of technological partners.

READ: Kleos Space scouting mission satellites on track for launch

“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.”

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

 

 

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Wed, 15 May 2019 16:13:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220277/kleos-space-appoints-ground-service-provider-for-scouting-mission-satellites-220277.html
<![CDATA[News - Kleos Space scouting mission satellites on track for launch ]]> https://www.proactiveinvestors.com.au/companies/news/220095/kleos-space-scouting-mission-satellites-on-track-for-launch-220095.html Kleos Space SA’s (ASX:KSS) (FRA:KS1) scouting mission satellites are on track with a final date for launch to be confirmed soon with launch partner Rocket Lab.

The space-powered radio frequency reconnaissance data provider has been preparing for the launch, development of data products and the beginning of revenue from data sales.

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, which will deliver targeted daily service with the full constellation delivering near-realtime global observation.

Highly-qualified professional appointed CFO

To manage the multi-million-dollar satellite development, launch and management budget, the company appointed Ian Hackston as chief financial officer on May 9, 2019.

Hackston has held several senior leadership and finance roles with extensive experience in aerospace and satellite financial modelling as well as development.

The company believes he will bring value as revenues begin and Kleos moves to the next stage of its development.

 

 

Kleos is working toward securing early adopter contracts to coincide with Kleos’ participation at the GEOINT Symposium in San Antonia, USA, in early June 2019.

Larger volume of data contracts are also pending validation after the launch and commissioning of the satellites.

When satellite set-up, commissioning and data validation is complete, the processed data will begin flowing to customers via pre-booked API.

Kleos has assessed several ground-station service providers and is finalising selection from those shortlisted with an agreement imminent.

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Mon, 13 May 2019 14:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220095/kleos-space-scouting-mission-satellites-on-track-for-launch-220095.html
<![CDATA[Media files - Kleos Space set to launch nano satellites next year, with contracts in place ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11042/kleos-space-set-to-launch-nano-satellites-next-year-with-contracts-in-place-11042.html Tue, 30 Oct 2018 22:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11042/kleos-space-set-to-launch-nano-satellites-next-year-with-contracts-in-place-11042.html