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.
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.