Another nanosatellite company has been given approval to list on the ASX, and it's focusing on spotting asylum-seekers

A new eye in the sky. Picture: Getty Images

  • Kleos Space will IPO on the ASX in May.
  • Plans to launch a 20-system satellite constellation.
  • The service will ‘guard borders, protect assets and save lives’.

A satellite technology company based in Belgium and approved for an ASX listing says its planned 20-system constellation would be ideal for protecting Australia’s coastal borders.

Kleos Space just signed a $3.5 million deal with Nasdaq-listed GomSpace to launch “Scouting Mission”, an Earth observation satellite system, early next year.

According to Kleos, Scouting Mission will:

“Globally gather geolocated radio transmission data that will be provided to users as Activity Based Intelligence as a service to guard borders, protect assets and save lives.

This type of data will be of significant importance and application for countries like Australia, who have large coastline borders, and are under the constant threat of drug and people smuggling, and activities such as illegal fishing.”

Kleos plans to IPO on the ASX in May, having recently completed a $2.2 million seed funding.

In announcing its partnership with GomSpace today, Kleos makes a point of assuring its data “will allow security agencies to better track and detect, as well as monitor, illegal vessels trying to enter Australian shores, and to protect Australia‚Äôs vast coastline”.

GomSpace, a Danish nanosat specialist, also has a strong Australian link, having secured a $75 million contract to launch 200 CubeSats by 2020 for ASX-listed Sky and Space.

Sky and Space is a British public company founded by Israeli Air Force jet fighter pilot Meir Moalem.

Kleos’ operations for the Scouting Mission will be carried out in Luxembourg. Director Andy Bowyer said the company was “delighted to make this announcement and look forward to working with GomSpace as we progress towards the launch of the first satellite system in our Geolocation Intelligence Mission”.

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