Kleos Space S.A. recently announced successful execution of a Cooperative Research and Development Agreement (CRADA) with the Naval Surface Warfare Center Division, Crane (NSWC Crane) for joint data experimentation. Under the CRADA agreement, Kleos will provide its radio frequency (RF) geolocation data in realistic test scenarios to improve maritime domain awareness for real-world challenges, including sanctions reporting, embargo, transshipment monitoring, search and rescue, resource management, fisheries control, smuggling, and border control. The agreement is the first phase of the SCOUT Experimentation Campaign - a collaboration between the Naval Research and Development Establishment, industry players, academia, and Department of Defense technology partners to rapidly innovate and integrate holistic solutions for military challenges.

It includes discovery test exercises, which will contribute to the development and integration of technologies that allow for quicker leadership decision making. The first phase of the SCOUT exercises will begin mid-2022 and will be spread over a period of 3-6 months for a cycle of rapid sprint discovery events leading to the main experimentation event in Phase 2. There is no revenue from Phase 1, nor cost to the Company.