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Kleos Space (ASX:KSS) - CEO, Andy Bowyer
CEO, Andy Bowyer
Source: Delano
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  • Kleos Space (KSS) has signed a new contract with rideshare provider Spaceflight to launch its third satellite cluster in December 2021
  • These satellites will be aboard a SpaceX Falcon 9 rocket and will launch into a 500 to 600 kilometre sun synchronous orbit
  • This will complement the company’s first two launches and increase cover over key areas of interest
  • Kleos’ second satellite group remains on track for launch mid-year, which will aim to enhance its radio-frequency geolocation data from its Scouting Mission satellites as well as increase the overall coverage time of the satellites
  • Company shares are down a slight 1.64 per cent on the market and shares are trading at 60 cents

Kleos Space (KSS) has signed a new contract with rideshare provider Spaceflight to launch its third satellite cluster in December 2021.

These satellites will be aboard a SpaceX Falcon 9 rocket and will launch into a 500 to 600 kilometre sun synchronous orbit.

This will complement the company’s first two launches and increase cover over key areas of interest.

The company’s second satellite group, dubbed the Polar Vigilance Mission, remains on track for launch mid-year.

This mission will consist of four satellites being launched into a 500 kilometre sun-synchronous orbit.

The aim is to enhance Kleos’ radio-frequency geolocation data from its scouting mission satellites as well as increase the overall coverage time of the satellites.

“The launch of our third satellite cluster will further improve the frequency and value of Kleos’ radio frequency intelligence data, generating higher-value datasets and further tiered subscription licence options,” CEO Andy Bowyer commented.

“While Kleos is targeting a constellation of up to 20 satellite clusters, each cluster will increase the volume of data that can be sold and provide further insights as to activity in key areas of interest for our customers,” he said.

“While we progress our constellation roll out with the launch of our second and third satellite clusters, we continue to focus on securing and building a new subscriber base,” he added.

Kleos is down a slight 1.64 per cent on the market and shares are trading at 60 cents at 3:23 pm AEDT.

KSS by the numbers
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