Kleos Space s.à r.l. (“Kleos Space” or “Company”) has created their first wholly owned subsidiary abroad, Australian registered Kleos Space (Asia Pacific) Pty Ltd (“Kleos Space AP”).
The Kleos Space AP office, which will be located in Canberra, Australia, will provide the company with the opportunity to align itself with the Australian Government’s recent pledge to invest A$500 million to improve Australia’s space-based Intelligence, Surveillance and Reconnaissance (ISR) capabilities.
Erik Tyler, an Australian national and Executive Director of Kleos Space, will lead the regional subsidiary as its Managing Director. He served in the Australian Defence Force as an Operator Specialist in Communications, both in country and on active deployment. He will leverage his Defence contacts, as well as his public company and capital market experience to drive the Australian presence for Kleos Space.
Kleos Space is planning to publicly list on the Australian Stock Exchange (ASX) in Spring 2018 and announced earlier this month the signature of an Authorization To Proceed with GomSpace A/S, part of GomSpace Group AB, on a contract to deliver the 1st of a total of 20 satellite system constellation.
The data that the Kleos Space satellites gather via geolocated radio transmissions will allow countries to guard borders, protect assets and save lives by delivering global activity-based intelligence and geolocation as a service. The data will be sold for search and rescue, maritime security and regulatory intelligence purposes by users for whom quality geospatial intelligence and signal intelligence is essential. The Scouting mission will deliver a daily service with a full constellation delivering near-real-time global observation.