Kleos Space Establishes UK Subsidiary

Luxembourg, London, Sydney, 13th November 2018 (Kleos Space PR) — Luxembourg-based and ASX listed Kleos Space S.A (ASX:KSS), state-of-the-art space technology operator, today announced that the company has formed a new wholly-owned subsidiary incorporated in the United Kingdom for the purpose of delivering Maritime ISR (Intelligence, Surveillance, Reconnaissance) data-as-a-service to UK defence and security government departments, agencies and industry.

The UK subsidiary, Kleos Space Ltd, will be able to support the UK’s international surveillance capability with UK defence and economic policy in recent years, addressing the need to utilise locally-based enterprises with appropriate security clearance, innovation focus and technical capability to provide services to entities within the national security framework. There exists strong worldwide support for defence programme financing in the UK where projects also contribute to new scientific or
technological advances.

The UK subsidiary will be well placed to continue to leverage the achievements of the prior phases of development with the ultimate aim of commercialising the Kleos Scouting Mission project which remains on track for launch in the second quarter of 2019.

Kleos Space Chairman Air Commodore Peter Round (Ret) said, “the establishment of Kleos Space in the UK will allow us to work closely with government agencies to support the United Kingdom’s Space-based ISR capabilities to support operations at home and abroad. We aim to assist UK Industry and Government to access commercial data from satellites to provide information as needed. This UK activity builds on our operations in Luxembourg and Australia examining similar opportunities with other allied governments.”