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Kleos Space Establishes US Subsidiary

15 Oct 2019, 18:58 UTC
Kleos Space Establishes US Subsidiary
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Wholly owned subsidiary incorporated to target largest Defence and Security marketUS$692 billion (~628 EUR billion) US national security budget (Bryce 2019)Former intelligence community and US Department of Defence senior executive, Head of Kleos US Strategy, Karyn Hayes-Ryan, appointed DirectorUS Government Departments to access datasets from Kleos’ commercial satellites, enhancing US surveillance capabilityEffective local support for existing Kleos projects Kleos operations now cover US, UK, Luxembourg and Australia

LUXEMBOURG, 15 October 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, headquartered in Luxembourg, has incorporated a wholly-owned US subsidiary to integrate and sell its maritime ISR (Intelligence, Surveillance, Reconnaissance) data into US defence and security government departments, agencies and industry.

The US subsidiary, Kleos Space Inc (Kleos US), will provide Kleos access to government funding and projects which are otherwise restricted to US entities, for example the Small Business Innovation Research (SBIR) funding, the US Air Force Accelerator program or other grants from various US federal defence projects, contributing to scientific or technological advances.

The SBIR program accelerates development and production of promising technologies that can be utilised by the US Department of Defence, which enables small businesses and start-ups ...

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