Kleos Space S.A. (ASX: KSS, Frankfurt: KS1) has signed a binding MOU with EarthLab Luxembourg S.A. to examine collaboration opportunities for the use of Kleos RF Reconnaissance and Geolocation data for the insurance sector and other different Geospatial intelligence GEOINT) purposes.
EarthLab was the first European center established for environment monitoring dedicated to industrial and environmental risk.
With partners Telespazio France, e-GEOS, the entire state-owned postal and telecommunications company POST Luxembourg, and SME HITEC Luxembourg, through its Max-IC platform, it provides Earth Observation (EO), geospatial information and risk assessment data analytics to improve operational and strategic decision making for the insurance, reinsurance and investment fund industries and related market segments.
Kleos and EarthLab aim to use geolocation and activity-based intelligence data from the Kleos ‘Scouting mission’ cluster of nano-satellites launching this year and further Kleos satellite launches to enhance EarthLab’s geospatial intelligence analytics, allowing EarthLab to verify radar detections and optical observations. Collaboration opportunities include developing a value-add proposition for current and future EarthLab Maritime business line prospects using Kleos data, developing commercial procurement strategies and implementing scenarios to validate technical usability of the data and the mutual commercial strategy.
Kleos’ CEO, Andy Bowyer, said, that the MOU with EarthLab is a good example of the ability for Kleos data to be used as a confirmation data source. This is part of our strategy of commercializing the company's satellite data with leading companies over different sectors. Kleos’ geolocation and activity-based intelligence data has the ability to provide EarthLab with highly valuable geolocation verification data that will assist in substantiating the correlation and consistency of their other data and analytics platforms.”
EarthLab’s General Manager, Thomas Friederich, said the MoU signed with Kleos is an excellent opportunity for EarthLab to collaborate with a local Luxembourger actor on Earth Observation data processing. It is part of the development strategy of the firm's fast-data AI powered platform to offer advanced analytics and access to new sources of data. This strategic alliance between two innovative start-ups will make possible to develop new business opportunities and benefit from increased communication on the European market. It is also an opportunity to demonstrate the potential and dynamism of Luxembourg's space sector.