- Press Release
- Mar 24, 2023
Vigilance Mission Enters Operational Phase with Monthly Service Delivery Milestone
Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered defence & intelligence technology company, is pleased to confirm that the Vigilance Mission (KSF1) satellites have now been entered into operations following achievement of reliably delivering data products against a monthly service level to Government and Commercial customers.
Bringing Vigilance mission into its operational phase is the key catalyst for commencing deferred revenue recognition this quarter, revenue growth and cash receipts.
Commenting on this milestone, Alan Khalili, CEO said: “Reaching this critical milestone moves the Company into production mode, confirming the Vigilance mission satellites are now in commercial operation, delivering consistent & reliable data from a specific area of interest which is being processed through our proprietary signal processing platform and being sold to our early adopter customers as intelligence products.
We now look forward to expanding our product offering through bringing additional already launched satellites online, including the Patrol Mission (KSF2) expected to commence data delivery in the coming months.”
For further information, please contact: Kleos Space S.A.
P: +352 2088 2290
E: [email protected]
P: +352 621 658 977 E: [email protected]
About Kleos Space S.A.
Kleos is a Space-powered defence & intelligence technology Company with operations in Luxembourg, the U.S. and U.K. Kleos uses RF sensors in Space to collect radio transmissions (RF Data) in key areas of interest around the globe. Collected data is processed through Kleos’ proprietary processing platform delivering an intelligence output, in order to efficiently uncover and expose activity on land and sea. Intelligence product customers, including analytics and intelligence entities, license data on a subscription basis (Data-as-a-Service aka DaaS), for government and commercial use cases – aiding better and faster decision making. Kleos’ first satellite cluster, the Scouting Mission (KSM), successfully launched in November 2020 and performed as a test and technology demonstration whilst collecting data. The Company’s second satellite cluster, the Vigilance Mission, successfully launched in June 2021 and its Patrol Mission launched in April 2022. Kleos’ fourth cluster, the Observer Mission, was launched in January 2023. For more information visit: www.kleos.space