Wednesday, 18 September 2019 00:05

Satellite operator Kleos signs first South American contract

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Satellite operator Kleos signs first South American contract Image IndypendenZ, FreeDigitalPhotos.net

Australian-listed space technology operator Kleos Space has signed its first South American order, with an order by a Brazillian-based integrator.

The Luxembourg-based satellite communications provider says the unnamed Brazillian company’s order, and first South American sale, has been secured by regional space expert Pierre Duquesne, who was the former managing director for Airbus Intelligence in South America.

Andy Bowyer, CEO of Kleos Space (ASX:KSS) said, “We are pleased at the rapid progress Pierre Duquesne has made in the short time since his engagement as our representative for the South American market.

“We continue to pursue early orders as we eagerly anticipate launch of the Kleos’ Scouting Mission in Q4 this year.

“Pierre’s business relationships and experience have shown early results.”

Kleos cites comments by The Corporacion Andina de Fomento (CAF) – the Latin American Development bank - that the outlook by 2040 for the maritime and port sector in Latin America and the Caribbean suggests “an attractive environment for growth with planned investments over 45 billion euros in the coming decade”.

Kleos' confirmaton of the South American deal follows the company's announcement last month – as reported by iTWire – that it had secured US$3 million in funding for its second cluster of satellites.

Bowyer said the funding – by way of a debt instrument - enabled the company to accelerate business development and revenue generating activities, and to place orders for the 2nd cluster of satellites for their 2020 launch.

“We will now recruit additional product development engineers and management to assist with the delivery of our data products, we will also recruit sales and sales support professionals to help respond to inbound sales enquiries and manage key accounts, increasing orders and contracts,” Bowyer said.

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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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