ASX-listed Kleos Space hits over 1-wk high on product launch

Kleos Space SA

30/12/2022 02:19

** Shares of geolocation intelligence services provider
Kleos Space  KSS.AX  rise as much as 4.3% to A$0.1825, their
highest level since Dec. 19 
    ** Says its geospatial intelligence product LOCATE has been
released to initial customers, as it is now successfully
processing data collected by its Vigilance Mission (KSF1)
satellites
    ** Revenue growth and cash receipts to begin with KSF1 as
its operational capacity is ramped up over H1 of 2023
    ** Adds KSF1's full capacity is expected to be achieved
"over the coming weeks," and the Observer Mission (KSF2) is
expected to be delivering data to its platform by the end of
March 2023
    ** KSS stock down 76.4% YTD, as of last close 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))