This company has been enlisted to deliver a satellite by first quarter of 2019 for a 'Scouting' mission that will provide a great number of services that will ensure safety and save lives.

GomSpace A/S - a subsidiary of GomSpace Group AB (the ”Company”) - has received an Authorization To Proceed (the “ATP”) from Kleos Space S.à.r.l (“Kleos”) on a contract to deliver Kleos’ first satellite system. The ATP means that GomSpace is authorized by Kleos to kick-off the initial part of the project. The value of the ATP is EUR 250,000. The value of the whole contract for the satellite system, expected to be closed in the second quarter of 2018, is approximately EUR 2.34 million. Subject to the final contract, the delivery of the satellite system is expected to take place in Q1 2019. 

The Kleos satellite system, known as the “Scouting” mission and is planned to be launched in Q1 2019. Kleos aims to guard borders, protect assets and save lives by delivering global activity based intelligence and geolocation as a serice. The Scouting mission is to deliver a daily service with the full constellation delivering near-real-time global observation.