Kleos Space to show off its space spy tech to US government

Space-powered radio frequency reconnaissance data provider Kleos Space has won a contract to market its product suite to US government agencies.

Kleos (ASX:KSS) raised $11m in an IPO last year to build a miniature spy satellite network and in March this year signed an agreement for its data to be used in US defence programs.

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The company today announced that it had picked a commercial channel partner in L3Harris Technologies, which will place the Kleos product suite on its GSA Earth Observation Solutions (EOS) schedule and collaborate with the organisation to prepare and present mission scenario demonstrations to the National Geospatial-Intelligence Agency.

Shares jumped nearly 10 per cent this morning to 40c.

Kleos says the agreement is the latest step in its pathway to revenue, with the next step being the launch of its satellites ahead of hopeful large volume data contracts.

Contracts under such schedules in the US are open ended with no set amount. Any federal government customer can order an unlimited amount of products or services which contain pre-negotiated prices, delivery terms, warranties, and other terms and conditions.

A GSA schedule contract can be used to sell to hundreds of federal customers, Kleos says, meaning it is hopeful of signing up a range of government agencies.

“The valuable data Kleos provides will allow mission critical geospatial solutions to be offered to the US defence community,” Kleos CEO Andy Bower said.

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Yojee (ASX:YOJ) reaching growth milestones. The company provided a corporate update to investors today, saying it had entered the commercial period in cross-border logistics, picking up early setup fees, as well as deploying its solution with global retail company Landmark Group in the omni-channel software market.

Bigtincan (ASX:BTH) secures contract extension. Brookdale Senior Living, an operator of senior living communities throughout the US, has renewed its contract with Bigtincan for a further two years, which Bigtincan says is worth a total of $1.5m.

Flamingo Ai (ASX:FGO) appoints new CEO. Following outgoing chief executive Dr Catriona Wallace’s February announcement she would relinquish her role to become head of business development, Flamingo Ai has appointed Olivier Cauderlier as its new CEO.