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Kleos Space taps into US $45B industry with new commercial deal for U.S. Govt agencies

Technology
ASX:KSS
10 July 2019 22:24 (AEST)

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Kelos Space has entered into a commercial agreement with L3Harris Technologies to market its product suite to government agencies in the USA.

Under the agreement L3Harris will place the Kleos product on its GSA Earth Observation Solutions.

L3Harris will collaborate with Kleos to prepare and present mission scenario demonstrations to the National Geospatial-Intelligence Agency.

Kleos Space aims to guard borders, protect assets and save lives by delivering global activity-based intelligence and geolocation as a service.

Its first space satellite system, Kleos Scouting Mission, delivers commercially available data and will perform as a technology demonstration. The Scouting Mission will deliver targeted daily services and deliver near-realtime global observation.

L3Harris has partnered with many different agencies to effectively collect, process, manage, analyse and deliver data for mission success.

Kleos Schedules are indefinite regarding delivery, quantity contracts under the US Government General Services Administration’s Multiple Award Schedule Program.

These contracts are currently the most widely used U.S. Government Contracts accounting for US$45 billion in annual sales. It has been used with a multitude of federal customers including Federal and Executive Agencies, Department of Defence, and Civilian Agencies.

Kleos shares are up 20.6 percent, trading for 44 cents with a market cap of $38.91 million.

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