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- Radio frequency reconnaissance company Kleos Space (KSS) has teamed up with Geollect in a recent data integrator agreement
- The company will allow Geollect to integrate data from their satellites, which light up dark spots in radio communications
- Geollect will use the data to generate analytical intelligence output
- The subscription is valid for 12 months, and both parties can opt to extend the agreement thereafter
- The company’s share price soared on the ASX today, tacking on an extra 4.5 per cent to trade at 0.38 cents at market close
Spare-powered radio frequency reconnaissance company Kleos Space (KSS) has signed a channel partner and data integrator agreement with Geollect.
Kleos, who intend to use satellites to light up dark spots in radio communications, and provide data-as-a-service (DaaS), will allow Geollect to procure and integrate data from their satellites.
Geollect is a U.K. based geospatial intelligence and analysis company, which is becoming a global leader in dark vessel tracking capability.
They provide real-time vessel tracking to its contracts with the U.K.’s Royal Navy and within the Global Protection and Indemnity Insurance sector.
Geollect will use the data to generate analytical intelligence output, and under the agreement, may resell the data.
While the satellites are yet to launch, Kleos says they will detect and geolocate maritime radio frequency transmissions.
Combined with other data sources such as Automatic Identification System, the data can be used to highlight ‘dark’ maritime activity.
The agreement is subscription based for 12 months and can be renewed annually.
Guide pricing is in line with Kleos data integrator partner pricing for 300,000 euros (AUD$485,000) per year, with a maximum of 5 users.
Actual revenues are dependent on agreed licencing terms that are variable depending on data access and number of users required.
Resale pricing will be negotiated on a case-by-case basis and is not fixed.
“This is a great example of implementation of a key business strategy for Kleos: we can provide defence, security and commercial users with access to cost-effective geolocation intelligence data to provide a value added tipping and cueing capability to their current capability,” Chairman Peter Round said.
“Kleos’ independent maritime intelligence data complements and enhances Geollect’s existing data sets. Using our satellites flown in clusters of four, our technology geolocates all RF (Radio Frequency) transmissions without relying on them actively broadcasting their locations,” he added.
“Thus, Kleos can offer unprecedented situational awareness at sea with optimised revisit rates over key regions of maritime interest for the U.K., including the Straits of Hormuz, the South China Sea and the coast of Africa,” Peter told the market.
“This agreement with an international leader in geospatial intelligence supports our long-term strategy within the UK defence and security markets, where our commercial satellites improve and verify intelligence, surveillance and reconnaissance (ISR) data to support maritime operations,” he concluded.
“Kleos’ data will improve our location of dark vessels, enabling us to identify anomalous activity and corroborate reports from disparate sources in near real-time,” Geollect co-founder and Chief Operating Officer Richard Gwilliam commented.
“Our geospatial intelligence data and analysis allows our customers to understand regional threats as they occur and use that information to mitigate risks,” he added.
Kleos’ Scouting Mission satellites are awaiting launch from Chennai, India, and after commissioning will commence data delivery.
The company’s share price soared on the ASX today, tacking on an extra 4.5 per cent at market close. Kleos is now trading at 38 cents a piece in a $41.05 million market cap.
