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Kleos Space plans to use revenue from data produced by its first four satellites to buy and launch additional satellites to provide more frequent observations.
Spire will provide its proprietary Automatic Identification System (AIS) data to Kleos Space when ship AIS signals are undetected.
Kleos raised money to launch its first four satellites through an initial public offering on the Australian Stock Exchange.
Kleos Space began trading on the Australian Stock Exchange at 16 Australian cents per share and traded down to 10 Australian cents per share by 2018-09-06.
Kleos Space went public on the Australian Stock Exchange on 2018-08-23, raising 6,960,000 EUR.
Kleos Space intends for its radiofrequency geolocation data to be used to monitor ships that do not broadcast Automatic Identification System signals, including vessels involved in illegal fishing and smuggling.
The initial Kleos Scouting Mission will provide targeted daily services, while the full 20-satellite constellation will provide near-real-time global monitoring.
Danish company GomSpace is building the Kleos Scouting Mission nanosatellites under a 2.42-million-euro contract announced in July 2018.
Kleos Space will launch its first satellites in 2019 with Rocket Lab under a deal announced on 2018-09-19.
Kleos Space’s share price rebounded to 15 Australian cents per share by the close of trading on 2018-09-19.
Kleos Space plans to develop a 20-satellite system to monitor radiofrequency signals and identify their source.
The Kleos Scouting Mission will launch on Rocket Lab’s Electron rocket in mid-2019 from Rocket Lab’s Launch Complex 1 in New Zealand.
Kleos Space plans to launch its first satellite built by Danish cubesat builder GomSpace in mid-2019 to detect radio transmissions and pinpoint their origin and timing.
Kleos Space began trading on the Australian Stock Exchange on 2018-08-24 at 11 a.m. Sydney time (2018-08-23 at 9 p.m. Eastern time in the United States).
Kleos Space raised 6,960,000 EUR in an investment round.
Kleos Space is entering the global intelligence, surveillance and reconnaissance business and positions itself as a first mover to work with government and commercial customers outside the United States.