Tuesday, 15 October 2019 10:59

Kleos Space establishes subsidiary to facilitate US market entry

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Australian-listed Kleos Space has entered the US market with a wholly-owned US subsidiary to integrate and sell its maritime intelligence data into US defence and security government markets.

Kleos (ASX: KSS) says the subsidiary company – Kleos US - will provide access to government funding and projects which are otherwise restricted to US entities, including 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.

A former intelligence community and Department of Defence senior executive, Karyn Hayes-Ryan, Head of Kleos US Strategy, has been appointed Director of Kleos US.

“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,” said Hayes-Ryan.

“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.

Round has more than 30 years’ military experience as well as 5 years as the European Defence Agency Capability and Technology Director.

Kleos recently announced it had secured $3 million in funding for its second cluster of satellites, with the funds to be used to accelerate business development and revenue generating activities, and to facilitate the procurement of a 2nd cluster of satellites for their 2020 launch.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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