STOCKHOLM, July 26, 2018 /PRNewswire/ -- GomSpace A/S - a subsidiary of GomSpace Group AB (the "Company") and Kleos Space S.A. ("Kleos") have signed a contract for the supply of a multi-nanosatellite system. The contract value is approx. 2,42 million EUR and the delivery of the multi-nanosatellite system is expected to take place in Q2 2019.
Kleos aims to guard borders, protect assets and save lives by delivering global activity based intelligence & geolocation as a service. The first Kleos satellite system, known as Kleos Scouting Mission (KSM), will perform technology demonstration that will be the keystone for a later global high capacity constellation. The Scouting Mission will deliver targeted daily services with the full constellation delivering near-real-time global observation.
"Kleos is a fantastic example of the revolution that is taking place in New Space. We are happy to see the perfect match between our technology roadmap and the services that Kleos will provide and we are confident that this collaboration will be a success.", says Niels Buus, CEO at GomSpace.
"GomSpace is a critical partner for Kleos to deliver our goal of providing global RF geolocation intelligence as a service. We continue to be impressed with the quality, value, responsiveness and capability of the GomSpace team who have shown themselves to be able to work truly synergistically with the Kleos team" , says Andy Bowyer, CEO at Kleos.
For more information, please contact:
Niels Buus (CEO)
Tel: +45-40-31-55-57
Email: nbu@gomspace.com
About GomSpace Group AB
The Company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information, please visit our website on www.gomspace.com.
About Kleos Space S.A.
Kleos Space S.A. is a Space enabled, Maritime Activity Based Intelligence - Data as a Service company based in Luxembourg. The company is also developing In-Space Manufacturing technology for near and long term commercial applications. It was recently announced that the company, a spin out of a UK Space Engineering company; Magna Parva plans to IPO on the ASX in July 2018. For more information please visit: www.kleos.space.
Miscellaneous
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, 9:00 a.m. CET on July 26, 2018.
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