Kleos Space Signs ATP with GomSpace for 1st Satellite System

LUXEMBOURG, 5 March 2018 (Kleos Space PR) — Luxembourg-based Kleos Space, state-of-the-art space technology operator which will launch and operate its earth observation satellite constellation in early 2019, signed an Authorisation To Proceed (ATP) with GomSpace A/S, part of GomSpace Group AB on a contract to deliver the 1st of a total of a 20 system constellation. By signing the ATP, Kleos Space authorizes GomSpace to launch the initial part of the project. The delivery of the satellite and the launch are scheduled in Q1 2019.

The first satellite system, being called ‘Scouting’ mission, is valued at over €2.2 million [$2.7 million]. It is planned that the satellite operations for the mission will be carried in Luxembourg.

The Kleos satellites will globally gather geolocated radio transmission data that will be provided to users as Activity Based Intelligence as a service to guard borders, protect assets and save lives. The intelligence product will be sold for search and rescue, maritime security and regulatory intelligence purposes to users for whom quality geospatial intelligence & situational awareness is essential. The Scouting mission will deliver a daily service with a full constellation delivering near-real-time global observation.

About Kleos Space s.à r.l.

Kleos Space s.à r.l. is a Space enabled, Activity Based Intelligence, Data as a Service company based in Luxembourg. The company is also developing In-Space Manufacturing technology for near and long term commercial applications. It was recently announced that the company (a spin out of a UK Space Engineering company; Magna Parva) plans to IPO on the ASX in Q2 2018. For more information please visit: www.kleos.space.

About GomSpace Group AB

The Company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.