New Risk • Jun 08
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€7.7m free cash flow). Revenue is less than US$1m (€272k revenue, or US$291k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€7.3m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Market cap is less than US$100m (AU$19.1m market cap, or US$12.7m). Reported Earnings • Mar 01
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: €0.041 loss per share (further deteriorated from €0.038 loss in FY 2021). Net loss: €7.31m (loss widened 15% from FY 2021). Revenue exceeded analyst estimates by 154%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Feb 18
Kleos Space S.A. Announces Vigilance Mission Enters Operational Phase Kleos Space S.A. confirmed that the Vigilance Mission (KSF1) satellites have now been entered into operations, following achievement of reliably delivering data products against a monthly service level to Government and Commercial customers. Bringing Vigilance mission into its operational phase is the key catalyst for commencing deferred revenue recognition this quarter, revenue growth and cash receipts. Breakeven Date Change • Feb 16
Forecast breakeven date pushed back to 2025 The analyst covering Kleos Space previously expected the company to break even in 2024. New forecast suggests the company will make a profit of €4.86m in 2025. Average annual earnings growth of 60% is required to achieve expected profit on schedule. Announcement • Jan 31
Kleos Space S.A. has completed a Follow-on Equity Offering in the amount of AUD 3 million. Kleos Space S.A. has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 15,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.0012
Transaction Features: Subsequent Direct Listing Announcement • Jan 30
Kleos Space S.A. Announces the Appointment of James A. Quella as Strategic Advisor to the Board Kleos Space S.A. announced that it has appointed James A. Quella as a strategic advisor to the Board, to conduct a corporate finance review and to assist in the identification and execution of a strategic corporate transaction. Mr. Quella is a highly experienced corporate director and strategic advisor with current appointments including director of Dun & Bradstreet Inc, since February 2019, and director of Getty Images (and CC Neuberger Principal Holdings II prior to their business combination) since August 2020. He is a former Senior Managing Director, Senior Operating Partner, and Head of Portfolio Operations Group at Blackstone's Private Equity Group, having served in those roles from 2003 to 2014. Mr. Quella is a Kleos security holder holding approximately 2.5% of the issued capital and has served as a member of Kleos' Advisory Board since May 2021. As Strategic Advisor to the Board, Mr. Quella has been tasked with conducting a review of the Company's corporate financing strategy with a view towards the completion of a future corporate action whether that be a merger, acquisition, or other strategic corporate activity. In this role, Mr. Quella will be bringing his substantial experience in managing businesses and in mergers and acquisitions, his familiarity with corporate finance and strategic business financing activities, and his extensive experience serving as a director for various public and private companies. Announcement • Dec 31
Kleos Space S.A. Announces Geospatial Intelligence Released to Customers Kleos Space S.A. confirmed it is now successfully processing RF data collected by the Vigilance Mission (KSF1) satellites through its signal processing technology platform to create its geospatial intelligence (GEOINT) product, LOCATE, which has been released to initial customers alongside other intelligence collected by the Vigilance Mission. The Kleos proprietary technology platform uses signal processing techniques to convert the raw data collected from sensors onboard Kleos' RF data collection satellite constellation that is designed to collect and downlink RF data accurately and with redundancy, or potentially from other sources, into actionable intelligence. The technology platform performs signal analysis & processing operations to detect and locate targets, cooperative or not. The geospatial intelligence product output from the technology platform (LOCATE) provides the frequency of the detected transmitter, the reception time, the transmitter coordinates, and the confidence ellipse parameters. LOCATE provides a valuable intelligence, surveillance, and reconnaissance (ISR) capability to governments and commercial entities. It complements other intelligence sources to improve the detection of illegal and/or hidden activity such as piracy, drug, and people smuggling, illegal fishing, pollution, and border challenges. Recent advancements in Kleos' ground signal processing technology now allow the Company to deliver the LOCATE geospatial intelligence product with as few as two satellites in a formation, a reduction from the previous minimum of three. The algorithm advancements will also facilitate the ability for Kleos' processing platform to ingest raw data from other sensors in addition to those owned by Kleos, potentially accelerating the volume of intelligence available to customers with the possibility of lower CAPEX spending. The Vigilance Mission (KSF1) is delivering collected RF data to the Kleos intelligence processing platform with full capacity expected to be achieved over the coming weeks, and the Observer Mission (KSF2) is expected to be delivering data to the platform by the end of March 2023. Major Estimate Revision • Nov 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €2.20m to €1.20m. EPS estimate unchanged from -€0.05 per share at last update. Professional Services industry in Australia expected to see average net income growth of 30% next year. Consensus price target broadly unchanged at AU$1.60. Share price rose 2.1% to AU$0.24 over the past week. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The analyst covering Kleos Space previously expected the company to break even in 2023. New forecast suggests losses will reduce by 40% per year to 2023. The company is expected to make a profit of €2.00m in 2024. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Announcement • Oct 07
Kleos Space S.A. Announces Its Fourth Cluster of Four Satellites, the Observer Mission (KSF3), Is Ready to Be Shipped to the Launch Site After Successfully Completing Environmental Test Phase Kleos Space S. A advised its fourth cluster of four satellites, the Observer Mission (KSF3), is ready to be shipped to the launch site after successfully completing environmental test phases. The Observer Mission satellites have successfully completed all System Assembly and Integration and Test (SAIT) activities, followed by system level electrical and mechanical functionality verification, including environmental testing of the satellites. Each system has been subjected to vibration, thermal, and electromagnetic compatibility (EMC) tests, ensuring functionality of the cluster after launch for the duration of the mission. The Observer Mission satellites will be deployed into a Sun Synchronous orbit from Cape Canaveral Space Force Station in Florida on the Transporter-6 SpaceX mission currently scheduled for Fourth Quarter 2022 and will expand Kleos' data collection capacity by up to an additional 119 million km² per day. Major Estimate Revision • Sep 09
Consensus revenue estimates fall by 73% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €8.19m to €2.20m. Forecast losses increased from €0 to -€0.05 per share. Professional Services industry in Australia expected to see average net income growth of 49% next year. Consensus price target down from AU$2.54 to AU$1.60. Share price fell 7.8% to AU$0.29 over the past week. Breakeven Date Change • Sep 08
Forecast breakeven date pushed back to 2024 The analyst covering Kleos Space previously expected the company to break even in 2023. New forecast suggests losses will reduce by 40% per year to 2023. The company is expected to make a profit of €2.00m in 2024. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Announcement • Jul 13
Kleos Space S.A. Appoints Alan Khalili as its New Chief Financial Officer Kleos Space S.A. announced the appointment of Mr. Alan Khalili as its new Chief Financial Officer (CFO) commencing immediately. Alan is a CPA and brings over twenty years of experience as a CFO, investment banker at Credit Suisse, CPA at Ernst & Young, and Technology Entrepreneur with direct industry expertise in DaaS, aerospace/satellite, business information, wireless voice, and IoT telecommunications. Career highlights include: Delivering high yield debt and equity raising - VC capital raising ($270 million), PE investing (~$125 million), as well as high yield and project finance debt (~$4 billion). Co-founding (and CFO of) Aireon, a space-based DaaS provider of real-time surveillance data. Managing multiple M&A-related transactions in the business information and communication industries. Alan succeeds Iain Hackston, who will continue at the Company in a financial planning and analysis (FP&A) capacity. Announcement • Jul 05
Kleos Space S.A. announced that it expects to receive AUD 10 million in funding from Pure Asset Management Pty. Ltd. Kleos Space S.A. announced that it has entered into a binding terms sheet for the private placement of secured term loan for the gross proceeds of AUD 10,000,000 on July 4, 2022. The transaction included participation from new investor, Pure Asset Management Pty. Ltd. The proceeds will be received in two tranches, AUD 6,000,000 in first tranche and AUD 4,000,000 in second tranche. The secured term loan will have maturity period of 4 years. The secured term loan will bear variable interest rate 12.00% per annum until monthly revenue for three consecutive months exceeds €1,200,000, 10.00% per annum once monthly revenue for three consecutive months exceeds €1,200,000 and 8.50% per annum once monthly revenue for three consecutive months exceeds €2,000,000 or 15.00% per annum while a review event or event of default is subsisting. The company will also issue unlisted detached warrants in two tranches, tranche 1 warrant shares comprised of the number of shares equal to the tranche 1 loan plus 25% of the tranche 2 loan divided by the tranche 1 exercise price, as calculated at the time of issuance, with exercise price being the lower of AUD 0.85 or 70% premium to the trailing 20-day volume weighted average price on the day immediately prior to the facility being announced on the ASX. tranche 1 warrant shares comprised of the number of shares equal to 75% of the tranche 2 loan divided by the tranche 2 exercise price, as calculated at the time of issuance, with the exercise price being the lower of AUD 1.20 or 70% premium to the trailing 20-day volume weighted average price immediately prior to the utilization date in respect of tranche 2. Announcement • Jun 15
Kleos' Fourth Cluster Manifest Launch Details Kleos Space S.A. confirmed its Observer Mission (KSF3) satellites is manifested to launch on the Transporter-6 SpaceX mission NET October 2022. The Observer Mission satellites will be deployed into a Sun Synchronous orbit from Cape Canaveral Space Force Station in Florida. Spaceflight Inc. contracted the launch and integration services from ISILAUNCH on behalf of Kleos. Equipped with AIS, VHF, and X-Band payloads, the four satellites will expand Kleos' data collection capability by up to an additional 119 million km² per day. They also enable Kleos to increase its average daily revisit rate over the 15-degree latitude area of interest to around five times a day. As a Spaceflight Inc. customer, Kleos' KSF3 mission was originally booked for a mid-2022 launch, but was moved to SpaceX's Transporter-6 mission and will deploy from an ISILAUNCH integrated port after Spaceflight encountered a vibration issue with their original deployment method. Announcement • May 30
Kleos Space S.A. Elects Dawn Harms as A Director Kleos Space S.A. at its 2022 Annual General Meeting of shareholders, held on 27 May 2022 Elected Dawn Harms as a director. Announcement • May 18
Kleos Space S.A., Annual General Meeting, May 27, 2022 Kleos Space S.A., Annual General Meeting, May 27, 2022, at 10:00 Central European Standard Time. Location: at the registered office of the Company (i.e., 7, Rue de l'Innovation, L-1896 Kockelscheuer Grand Duchy of Luxembourg Luxemborug Luxembourg Agenda: To receipt and consideration of Financial Statements and Reports; to approval of the standalone and consolidated Financial Statements; to acknowledgment a) that the value of the Company's net assets as of 31 March 2022 was below half of the Company's share capital and b) the report of the board of directors of the Company prepared in accordance with article 480-2 of the Luxembourg law of 10 August 1915 on commercial companies, as amended, setting forth the causes of this situation and its proposal in that respect; and Proposal to approve the continuation of the activities of the Company; to discharge to the directors; to renewal of the appointment of Ernst & Young S.A., as the Company's external auditor; to re-election of Mr. David Christie as a Director; to consider the election of Ms. Dawn Harms as a Director; to approval of Additional 10% Placement Capacity; to ratification and Approval of Issue of Securities; and to consider the other matters. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director David Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 04
Kleos Space S.A. Successfully Launches Patrol Mission Satellites Kleos Space S. A successfully launched its third satellite cluster, the Patrol Mission on 01 April 2022 onboard the Transporter-4 SpaceX mission. The D-Orbit Orbital Transfer Vehicle carrying the four Patrol Mission satellites has been successfully deployed into a 500km Sun Synchronous orbit after being launched from Cape Canaveral in Florida. After the deployment of the Kleos satellites from the Orbital Transfer Vehicle, satellite builder, Innovative Solutions In Space (ISISPACE), will assist with Launch and Early Operation Phase (LEOP) support, including in-orbit system commissioning and final manoeuvring of the satellites into their operational formation. The Patrol Mission satellites increase Kleos' global data collection capacity by 119 million km² per day and incorporate additional frequency spectrum collection capabilities, enabling the geolocation of X-Band radar transmissions in the 8500-9600 MHz range. X-Band maritime radar is commonly used for collision avoidance on board ships even when tracking systems such as Automatic Identification System (AIS) are turned off. The successful launch and deployment will grow Kleos' low earth orbit constellation to 12 satellites and improve average daily revisits over key areas of interest for the customer base, e.g. over the area between 15-degrees latitude north and south of the equator to around five times a day. Announcement • Apr 03
Kleos Space S.A Launches Patrol Mission Satellites Kleos Space S. A announced that their four Patrol Mission (KSF2) satellites are targeted to launch on the 1st of April 2022 from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida with a launch window onboard the SpaceX Falcon 9 Transporter-4 mission. The four Patrol Mission satellites, flown in formation, will significantly increase Kleos' global data collection capability by an additional 119 million km² per day and improve the average daily revisit rate over a 15-degree latitude area of interest to around five times a day. Breakeven Date Change • Mar 03
Forecast breakeven date pushed back to 2023 The analyst covering Kleos Space previously expected the company to break even in 2022. New forecast suggests losses will reduce by 100% to 2022. The company is expected to make a profit of €7.69m in 2023. Average annual earnings growth of 53% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 09
Forecast breakeven date pushed back to 2023 The analyst covering Kleos Space previously expected the company to break even in 2022. New forecast suggests the company will make a profit of €7.69m in 2023. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Announcement • Jan 13
Kleos Space S.A. Announces Patrol Mission Satellites to Launch in April Kleos Space S. A announced the Kleos Patrol Mission (KSF2) satellites, planned to launch in January 2022, have been remanifested to launch on the SpaceX Transporter-4 mission scheduled for April 2022. Kleos is partnering with launch services provider Spaceflight Inc. to deploy its Patrol Mission (KSF2) satellites to a sun synchronous orbit. Originally scheduled for the SpaceX Transporter-3 mission in January 2022, Kleos' Patrol Mission launch was postponed when the Spaceflight orbital transfer vehicle tasked with launching and deploying Kleos' satellites experienced technical issues. Spaceflight quickly identified an alternative launch option. Kleos' fourth satellite cluster, the Observer Mission (KSF3), is unaffected by the Patrol Mission delay and remains on track to launch in mid-2022. Announcement • Dec 29
Kleos Space S.A. Provides Patrol Mission Satellites Launch Update Kleos Space S.A. announced that it has been informed by its launch services provider Spaceflight Inc., who is contracted to deploy the Kleos Patrol Mission (KSF2) satellites into an sun synchronous orbit, that after integration of the satellites onto its Sherpa vehicle for the SpaceX Transporter-3 mission, their technicians discovered a leak from the propulsion system of the Sherpa. This incident resulted in an inability for Spaceflight Inc. to launch any of the satellites manifest on the Sherpa for the SpaceX Transporter-3 launch as planned for January 2022, including the Kleos Patrol Mission satellites. Spaceflight Inc. has confirmed the four Kleos satellites are safe and were not damaged by the leak. Spaceflight Inc. are currently investigating all alternatives for remanifesting the four Kleos satellites as well as the satellites from six other companies impacted by this issue on another launch with the minimum of delay. The option to launch on the SpaceX Transporter-3 launch through another launch service provider was fully investigated, but due to the short time frame, such a change was not possible. The new launch date will be communicated to the market once confirmed with Spaceflight Inc. The Kleos Observer Mission (KSF3) is on track for mid-22 launch and is unaffected by the Patrol Mission delay. Breakeven Date Change • Sep 23
Forecast to breakeven in 2021 The analyst covering Kleos Space expects the company to break even for the first time. New forecast suggests the company will make a profit of €941.0k in 2021. Earnings growth of 172% is required to achieve expected profit on schedule. Announcement • Sep 19
Kleos Space S.A. has completed a Follow-on Equity Offering in the amount of AUD 12.6 million. Kleos Space S.A. has completed a Follow-on Equity Offering in the amount of AUD 12.6 million.
Security Name: Chess Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 14,823,529
Price\Range: AUD 0.85
Transaction Features: Subsequent Direct Listing Announcement • Sep 06
Kleos Space S.A. announced that it expects to receive AUD 12.6 million in funding from Perennial Value Management Limited, Thorney Investment Group Australia Pty. Ltd. Kleos Space S.A. announced a private placement of 14,823,529 new CHESS Depositary Interests at a price of AUD 0.85 for gross proceeds of 12,599,999.65 on September 6, 2021. The transaction will include participation from Perennial Value Management Limited and Thorney Investment Group Australia Pty. Ltd. The price represents a 9.6% discount to the 30-day volume weighted average trading price and is inclusive of three attaching options for every five CDIs issued, exercisable at AUD1.20 and expiring three years from the date of issue. The settlement is expected to occur by 10 September 2021, with allotment expected to occur on 15 September 2021. Announcement • Jul 03
Kleos Launches Second Cluster Satellites Successfully Kleos Space S.A. successfully launched its second satellite cluster, the Polar Vigilance Mission (KSF1), on 30 June 2021 (UTC) aboard the Spaceflight SXRS-5/SpaceX Transporter- 2 Mission. Deployed into a 525km Sun Synchronous orbit from Cape Canaveral in Florida, the Polar Vigilance satellites further enhance Kleos' global coverage and data collection capability and broaden the coverage range of Kleos' first cluster of four Kleos Scouting Mission (KSM1) satellites. Satellite developer, Innovative Solutions In Space (ISISPACE), is performing the Launch and Early Operation Phase (LEOP) support, which includes commissioning of all spacecraft systems and manoeuvring the four satellites into operational formation. The KSM1 Scouting Mission satellites were launched into a 37-degree low earth orbit in November 2020 and were the world's first four-satellite cluster flown in a formation for precision geolocation capability. Data from the KSM1 Scouting Mission is being delivered to customers and the satellites are being used to develop many space and ground segments for the Company. Early adopter revenue has commenced, with repeat subscription-based revenues delayed but anticipated to commence in Third Quarter & increase further in Fourth Quarter 2021 with the addition of the data from the second cluster, Polar Vigilance satellites. The constellation will grow further with the addition of Kleos' third satellite cluster - the Polar Patrol Mission, which is on track for a late 2021 launch aboard another SpaceX Falcon 9. Kleos satellites collect data that is then processed to detect and geolocate radio frequency activity to improve the detection of hidden and illegal activities including piracy, drug and people smuggling, border security challenges and illegal fishing as they can detect transmissions, independent of other systems such as those used in active tracking, or when imagery is unclear, or targets are out of normal aircraft patrol range. Announcement • Jun 25
Kleos Space Announces Kleos Polar Vigilance Mission Launch Timing Kleos Space S. A has received confirmation that the Kleos Polar Vigilance Mission (KSF1) will launch from Cape Canaveral Space Force Station onboard the Spaceflight SXRS-5/SpaceX Transporter-2 Mission targeted for 25 June 2021 (UTC). The four satellites will be deployed into a 525km Sun Synchronous orbit that will increase Kleos' overall coverage density in the equatorial region and cover areas north and south of the Kleos Scouting Mission satellites, which successfully launched in November into a 37-degree inclined orbit. Kleos uses clusters of four satellites to collect radio transmissions over key areas of interest around the globe and, after processing, a geospatial data product is delivered to analytics and intelligence entities for government and commercial use - efficiently uncovering the locations of human activity on land and sea. A third cluster of satellites, the Polar Patrol Mission (KSF2), is scheduled and will launch at the end of this year. Announcement • Jan 08
Kleos Space Announces Management Appointments Kleos Space announced a few new appointments. Eric von Eckartsberg is Kleos' new Chief Revenue Officer. The company has also expanded its sales team with the appointment of Guillermo Gutierrez as Product Manager and Alex Johnson as Sales Executive. Eckartsberg will be responsible for Kleos' global sales, the business development and sales teams and strategic customer partnerships. Eckartsberg has an extensive background in leading international sales and business development teams within the defence and intelligence sectors. His expertise includes senior leadership roles at satellite imagery and geospatial services providers Maxar Corporation and Vricon, network security analytics platform RedSeal Networks, and advanced AI and text analytics software company Basis Technology. Gutierrez brings more than two decades' experience to the role with an in-depth understanding of Geographic Information System (GIS), image and LiDAR processing, 3D modelling and geospatial data. He previously led commercial and international strategic initiatives for the Geospatial Solutions Division at L3Harris Technologies. Johnson is an experienced business development and sales executive. In his previous role at space technology company Maxar Technologies, he was responsible for the sale of satellite imagery, software and geospatial data to global companies. Announcement • Dec 14
Kleos Space S.A. Appoints Heribert Krämer as Chief Operating Officer Kleos Space S.A. has appointed Heribert Krämer as its Chief Operating Officer. Heribert is a highly qualified professional who brings a significant expertise to the Company, having held diverse senior leadership roles with extensive experience in operations management, change management and business transformation. His experience will be instrumental in driving growth for Kleos, managing upcoming change and the Company's profitability. Announcement • Dec 03
Kleos Space S.A. Announces Chilean Air Force Agreement Kleos Space S.A. announce a new evaluation agreement with the Chilean Air Force and provide the following update:Kleos Scouting Mission (KSM1) recently launched satellite cluster progress; Polar Vigilance Mission (KSF1) satellite cluster build progress. Kleos announce that it has entered into a collaboration agreement with the Fuerza Aérea de Chile (Chilean Air Force) on the analysis of geospatial information data from the Company. The Chilean Air Force will participate in testing and evaluation of Kleos geospatial RF data collected by its first cluster of satellites (KSM1). The trial will last for 3 months and begin as soon as data is made available. The test data under the agreement will be provided at no cost for the trial period after which
continuation will be subject to normal licence negotiations. The evaluation period will facilitate research on Kleos radio frequency spatial geolocation data and methods of collaboration to develop an added value proposition for current and future opportunities. This activity is of significant benefit to both parties by allowing the implementation of pilot demonstrations and scenario models to validate the technical usability and applications of the Kleos data. The data will be delivered by Kleos to the Space Operations Group of the Chilean Air Force (GOE), which will be in charge of processing all the information gleaned, so that they are applied to decision-making in different geospatial areas. The orbits of Kleos' first two clusters provide strategic coverage of the whole region over and around Chile, as part of their global coverage. Kleos' satellites will detect and geolocate maritime radio
frequency transmissions to provide global activity-based intelligence, enhancing the intelligence,
surveillance and reconnaissance (ISR) capabilities of governments and commercial entities when
Automatic Identification System (AIS) is defeated, imagery unclear or targets out of patrol range. Polar Vigilance Mission (KSF1) Schedule Progress: Kleos confirms that the Polar Vigilance Mission (KSF1) cluster of satellites has entered the Critical Design and Procurement phase after successfully undergoing Preliminary Design Review (PDR). The satellites are being built by small satellite specialist, Innovative Solutions In Space B.V. (ISISpace). The Preliminary Design Review (PDR) milestone ensures the KSF1 cluster of four satellites now proceed
towards a final design. The preliminary design presented demonstrates that all system requirements can be met with acceptable risk and within cost. The KSF1 satellites will be launched under contract with Spaceflight Inc. who have manifested the cluster of Kleos satellites on the SpaceX Falcon 9 launch scheduled for mid-2021 launching into a 500 km Sun Synchronous Orbit. Announcement • Nov 19
Kleos Space S.A., Annual General Meeting, Nov 30, 2020 Kleos Space S.A., Annual General Meeting, Nov 30, 2020, at 10:00 Central European Standard Time. Location: 26, rue des Gaulois Luxembourg Luxembourg Agenda: To consider ratification and approval of the issue of Securities under Tranche 1 of Placement; to consider approval of the issue of Securities under Tranche 2 of Placement; to consider ratification of issue of securities to Cameron Parties; to consider ratification of issue of options to Evolution Equities; and to consider miscellaneous. Announcement • Nov 18
Kleos Space S.A. Announces Scouting Mission (KSM1) Update Kleos Space S.A. provided an update on the four Scouting Mission satellites (KSM1) following the launch on India's Space Research Organization's (ISROs) Polar Satellite Launch Vehicle (PSLV) C49 from Chennai, India on 7 November 2020. The in-orbit commissioning phase is progressing successfully into its second week of activity, preparing the satellites to collect data over crucial areas of interest such as the Straits of Hormuz, South China Sea, East/West Africa, Southern Sea of Japan, Northern Australian coast e.g. the Timor Sea. The Company can confirm that after the launch of the KSM1 satellites: Automatic detumbling was completed successfully by all four satellites; The four antennas on each satellite have deployed; Communications between each satellite and ground has been established; All four satellites are in a healthy state; The satellites have moved apart enabling each to exploit full ground station passes; Telemetry from each satellite has been retrieved. The work in the next few days includes: Commissioning the Attitude Determination and Control System (ADCS) which allows the satellites to be flown including; Calibration of the parameter tables reflecting the in-orbit conditions of one of the satellites (KSM1-a) and then rolling out the parameters across the satellite cluster. The KSM1 cluster of four satellites form the foundation of a constellation that will deliver a global picture of RF activity, enhancing the intelligence capability of government and commercial entities. While the KSM1 satellites are being commissioned Kleos remains focused on securing additional Government and commercial contracts and is on track to generate first revenues in first quarter 2021. Is New 90 Day High Low • Nov 04
New 90-day high: AU$0.88 The company is up 171% from its price of AU$0.33 on 06 August 2020. The Australian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: AU$0.43 The company is up 39% from its price of AU$0.31 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 15% over the same period. Announcement • Jul 18
Kleos Space S.A. announced that it has received AUD 3 million in funding On July 17, 2020, the company closed the transaction. The company issued 10,000,001 chess depositary interest for proceeds of AUD 3,000,000. Announcement • Jul 10
Kleos Space S.A. announced that it expects to receive AUD 3 million in funding Kleos Space S.A. (ASX:KSS) announced a private placement of 10,000,000 chess depositary interest at a price of AUD 0.3 per chess depositary interest for gross proceeds of AUD 3,000,000 on July 10, 2020. The transaction will include participation from entities controlled by Janet Cameron. The company will also issue 2,000,000 free associated three year options exercisable at AUD 0.50. The transaction will close on July 15, 2020. 
