Kleos Space S.A (ASX: KSS, Frankfurt: KS1, Kleos or Company), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, 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 other US federal defence projects which contribute 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 to explore their technological potential and provides the incentive to profit from its commercialization.
The US subsidiary will continue Kleos’ existing work with the USAF Catalyst Accelerator and SBIR, leveraging the achievements of its SBIR Phase 1 contract with the aim of securing a Phase 2 contract which includes SBIR funding of up to US$3 million through our US technology accelerator, Ithaca Solutions.
The Kleos Scouting Mission1, is on track to launch from Chennai, India in the fourth quarter of 2019 and Kleos US enhances the Kleos’ marketing strategy to target the US$692 billion US national security budget. Karyn Hayes-Ryan, Head of Kleos US Strategy, has been appointed Director of Kleos US.
A former intelligence community and Department of Defence senior executive, Karyn is highly experienced in ISR as well as Federal Acquisition Regulation, procurement and integration.
Karyn said “A US entity in the world’s largest defence market allows us to work closely with government agencies to improve the US’s international maritime surveillance and reconnaissance capabilities, supporting its defence services both locally and abroad. A local enterprise with appropriate security clearance, innovation and technical capability also provides opportunities to collaborate on funded projects with defence entities within the national security framework.”
Kleos Executive Chairman, Air Commodore Peter Round (Ret), will act as interim CEO of Kleos US while a US citizen is recruited. Peter has more than 30 years’ military experience as well as 5 years as the European Defence Agency Capability and Technology Director, he was on the Board of UKMFTS, the largest UK PPP and experience of Directorship in a US Corporation.
